The Antimonopoly Committee of Ukraine has approved of the creation of the Interpipe and Vallourec (France) joint venture. The committee has also granted Vallourec a right to acquire some assets of Interpipe Limited to allow it selling and promoting seamless pipes in EU. In November 2017 the Antimonopoly Service of Germany allowed Interpipe to create…
In 2017 Interpipe increased sales by 35% YoY, to 767 thousand tons. According to the company statement, this is the best result in 3 years. In particular, pipe deliveries to the Ukrainian market grew by 29%, to 148 thousand tons, mostly because of the gas output increase. Combined sales in the Americas totaled 90 thousand…
In 2017 the state company Ukrzaliznytsia supplied 48.5 thousand tons of metal scrap to Interpipe. “Ukrzaliznytsia’s entering the scrap market was a very important and long-awaited move. They sold 157.2 thousand tons of ferrous metals scrap, and we bought 48.5 thousand tons from them”, Interpipe CFO Denis Morozov said. According to him, those companies that…
In 2017 Interpipe increased sales of railroad wheels and tyres to Ukrzaliznytsia more than 2.2-fold. “Last year Ukrzaliznytsia once again became our key client. Despite the replacement of its chairman Ukrzaliznytsia still follows the direction to modernize the rolling stock”, Interpipe CFO Denis Morozov said. He noted that it became easier for the company to…
Interpipe decided to change the business management model. From now on the company is divided into steel, pipe and railroad divisions. Steel products division includes Interpipe Steel, Interpipe Vtormet, the Lime Factory, as well as subdivisions of scrap purchase and steel billet sales. Andrei Korotkov, Interpipe Steel commercial director, has been appointed CEO of the…
Interpipe could be hit with the antidumping duty of 34.22% when supplying seamless wheels to the Eurasian Economic Union. The Department of protection of the inner market has calculated the duty for Interpipe when selling wheels in 2016 on the level of 34.22%. The decision on the duty imposition should be taken in a month…
In 2017 Interpipe Steel produced 855 thousand tons of steel, up by 39% YoY. In December 2017 steel output dropped to 76 thousand tons from 78 thousand tons in November 2017. In 2016 the company increased steel output by 2% YoY, to 614 thousand tons. Interpipe Steel is the first iron and steel works built…
Interpipe has certified its premium tight gas threaded joints UPJ-M for the correspondence to ISO 13679 CAL IV. “The certificate confirms the correspondence of the joints to the highest level of requirements. The tests have been carried out in Italy”, the company said in a statement. The UPJ-M joints can be used in the most…