Ukraine: Interpipe NTZ losses down in 2015
In 2015 Interpipe Nizhnedneprovsk Pipe Works received 809.72 million UAH of losses.
In 2015 Interpipe Nizhnedneprovsk Pipe Works received 809.72 million UAH of losses.
In 2015 Interpipe NMTZ received 394.73 million UAH of net profits.
Interpipe has for the first time officially registered its trademark with the UAE Ministry of economy. According to the company statement, this is the first action in the struggle with fake tubes in the region.
Ukraine has a number of major metal works using electrometallurgical method to produce steel. Two of them are Interpipe Steel and Electrostal.
Interpipe has changed its approach to supplying scrap to Interpipe Steel.
Interpipe believes, that in 2016 scrap procurement in Ukraine will fall by 7.1-14.3% YoY, to 3.6-3.9 million tons.
As of January 1, Interpipe has prepaid 46 million UAH for gas to Naftogaz Ukrainy.
The Bank of New York Mellon Corporation (USA) plans to cancel its depository agreement with Interpipe NTZ.