Ukraine pipe production in mid October down by 10% MoM

It is reported that in October the Ukrainian pipe making industry demonstrated a 9.6% MoM decline rate. The underperformers were Khartszysk Pipe Works, Lugansk Tube Plant and Interpipe Niko-Tube with 25.0%, 13.6% and 36% MoM drop in output respectively.According to a Millennium Capital analyst “The news is neutral for pipes. Unexpectedly, this month Khartszysk Pipe…