The European Commission has decreased the antidumping duties on Interpipe Niko Tube and Interpipe Nizhnedneprovsk Pipe Works from 13.8% to 8.1%. The decision has been taken under a partial revision of antidumping duties on the import of some steel pipes from Ukraine. The revision has been initiated by Interpipe. The EU started revising duty size…
In January-June Interpipe Nizhnedneprovsk Pipe-Rolling Plant increased net profit 2.1-fold YoY, to 1.918 billion UAH. Net income grew by 8.3%, to 7.639 billion UAH. Undistributed profit as of the end of the first half-year totaled 2.179 billion UAH. (Ukrainian metal)
Electric energy expenses of industrial consumers have grown by 22%, and the full price has reached 1.93 UAH per kW-h. According to Interpipe, on July 1-2 the average electricity price was 1.58 UAH per kW-h, roughly on par with the June level. But now a tariff of Ukrenergo has to be added to this price,…
Vallourec Niko Tube, a joint venture of Vallourec and Interpipe, was created in April 2018 to produce seamless pipes for the European market. The manufacture is situated in the city of Nikopol and consists of two lines in the pipe-rolling shops Nos. 2 and 7 of Interpipe Niko Tube. Interpipe is responsible for the manufacture…
Interpipe wants Ukrzaliznytsia to sell scrap on FCA terms. “We do not buy scrap from Ukrzaliznytsia, as we do not agree with the terms of the current auctions. The key problem is the terms of delivery. They are trying to sell a batch of scrap lying somewhere and weighing none knows how much, protect it…
Ukraine must protect its market from the inflow of Chinese pipes. “China constantly increases the deliveries of seamless pipes to Ukraine, especially lately”, Interpipe CFO Denis Morozov said. According to him, earlier Europe, USA and Russia imposed a number of limitations on the delivery of Ukrainian pipe products. “In this trade war we must protect…
Representatives of Moldova Iron and Steel Works held talks with Ukrainian companies on the resumption of scrap deliveries. “In April and May there were no deliveries. But I know for sure, that their representatives have come to Ukraine for negotiations. There are risks, especially in winter, when scrap procurement in Ukraine falls”, Interpipe CFO Denis…
The sanctions imposed by Russia on the delivery of pipes from Ukraine didn’t have an impact on Interpipe. “Losses from sanctions are not considerable. The products yielding the biggest income in Russia have long been prohibited”, Interpipe CFO Denis Morozov said, adding that there was a duty of 27% on Interpipe pipes on the Russian…