Ukraine: pipes output down in January-May 2015
In January-May major pipe companies of Ukraine produced 368.2 thousand tons of ferrous pipes, down by 40.1% YoY.
In January-May major pipe companies of Ukraine produced 368.2 thousand tons of ferrous pipes, down by 40.1% YoY.
In January-April Interpipe Steel produced 179 thousand tons of steel, down by 37.8% YoY.
Interpipe reported that its Interpipe Steel (previously Dneprostal) had 15 days of dead time in the first quarter of 2015 due to the ferrous scrap shortage.
In 2014 Interpipe Dniepropetrovsk Vtormet increased its loses by 57.3%, to 68.8 million UAH, YoY.
In 2014 Interpipe Nizhnedneprovsk Tube-rolling Plant (NTZ) increased its net losses 15.2 times, to 1020.52 million UAH, YoY (66.97 million UAH in 2013).
In 2014 Interpipe Novomoskovsk Pipe Works (NMTZ) received 105.31 million UAH of losses.
In January major Ukrainian pipe companies decreased their output of ferrous pipes by 10.1%, to 78.3 thousand tons, YoY. In December 2014 pipe output was 94.3 thousand tons, in November 2014 – 102.3 thousand tons.
Interpipe, one of Ukraine’s largest steel pipemakers, will not supply any products to Russia in 2015 due to a slump in the Russian rouble and prohibitive import duties, the company said in a statement.