Ukraine: Interpipe working at 30-50% capacity
Interpipe is working at 30-40% of its steel pipes capacities.
Interpipe is working at 30-40% of its steel pipes capacities.
Interpipe could return to the Russian steel pipes market if the Rouble gets stronger and the prices increase.
Interpipe sees another rise of railroad tariffs as critical.
Fitch Ratings has affirmed Interpipe’s long-term issuer default rating (IDR) at ‘RD’ (Restricted Default), Fitch said in a press release.
The Interpipe works have completely paid off Naftogaz and have no debt for industrial gas, said the company in its statement.
The Eurasian Economic Commission decided to impose a 5-year 4.75% antidumping duty on steel wheels (for manufacture of railroad cars and trams) imports from Ukraine. The duty could be imposed in the early 2016.
In January-September Interpipe Steel produced 443 thousand tons of steel, down by 35.1% YoY.
The state administration of the railroad transport Ukrzaliznytsia has renewed purchases of rails from Azovstal Iron and Steel Works and wheel pairs from Interpipe.