Three Cyprus-based companies, affiliated with Interpipe, have purchased 19.3% Nikopol South Pipe Works shares each from Transportno-Investitsionnye Tekhnologii LLC. The TIT LLC share decreased from 96.689302% to 38.675721%, while the share of Plamsted Limited increased from 0.000027% to 19.337914%, that of Wolbert Company Limited – from 0% to 19.33786%, and of Kamset Holdings Limited from…
In January-October Interpipe-Steel produced 522 thousand tons of steel, up by 6.3% YoY. According to a company representative, in October steel smelting totaled 58 thousand tons, down from 64 thousand tons in September. On October 28, the works halted its operation for 10 days to carry out scheduled repairs. (Ukrainian metal)
Interpipe intends to increase its export sales by constructing two more railroad car wheel treatment lines. “Our goal is to increase exports sales: to Europe, USA, Mexico. We would go on investing and increasing our capacities. We have plans for at least two such stages (wheel treatment)”, the company finances and economy director Denis Morozov…
Ukrainian Railways have concluded 4 contracts with Interpipe for the delivery of the rough rims for its railroad stock valued at 9.34 million UAH. This year Interpipe has to supply 549 rims (1060x143x98 mm) valued at 14.19 thousand UAH a piece on average. It should be noted that in October Lviv Locomotive Repair Plant ordered…
Ukraine has not created an effective mechanism of struggle for its export markets and needs to strengthen the state protection of exporters on global markets. Interpipe finances and economy director Denis Morozov believes that the trade representative institution on Ukraine is weak. “A lot could have been achieved, if we compare with other countries. This…
Interpipe notes positive influence of the scrap export duty decree and supports its prolongation. “The decree has really helped us. Without it the situation with scrap would have been much worse”, the company finances and economy director Denis Morozov said. According to him, scrap procurement in Ukraine will continue to drop, so the decree should…
“In the next 5 years scrap procurement in Ukraine will be falling”, Denis Morozov, Interpipe economy and finances director, believes. The previous forecast on scrap procurement in 2016 on the level of 2.8-2.9 million tons would probably be proven, he thinks. In 2017 Morozov expects scrap procurement to fall by 100 thousand tons, to 2.7…
This year Interpipe has been delivering some 30-35 thousand tons of steel pipes to Russia each month. “We used to sell 10 time more – around 350 thousand tons”, the company economy and finance director Denis Morozov said. Interpipe is not expecting a considerable increase in exports to USA. “When the oil price fell, consumption…