Interpipe reduced steel production by 8%

The international vertically integrated pipe and wheel company (TKK) “Interpipe” in January this year reduced steel production by 8% compared to the same period last year – to 65.2 thousand tons.

As reported in a press release from the company on Tuesday, in the first month of the year, pipe production decreased by 37.3% – to 32.1 thousand tons, but the production of railway products increased – by 25%, to 17.5 thousand tons. tonnes.

It is noted that in January the company increased sales of round steel billets by 114.8% – to 3.6 thousand tons, railway products – by 61.9%, to 21.3 thousand tons, but reduced the sales of pipes by 35.2% – to 30.2 thousand tons.

It is also reported that pipes in January of this year were sold in Europe (36%), the MENA region (22% ), Ukraine (18%), on the American continent (12%), CIS (9%) and in other regions (3%). Railway products – in the CIS (48%), Europe (30%), Ukraine (12%), the MENA region (4%), the American continent (4%) and in other regions (2%).

The press release notes that in January Interpipe Steel received the HR Brand 2019 award for a project dedicated to the exchange of experience abroad, taking 3rd place in the World category at the all-Ukrainian HR-brand award (a prestigious award , which annually selects the best HR projects).

“The independent jury praised the experience exchange program, whose participants work and commission new equipment in partnership with Danieli around the world,” the press states -release.

As reported, TCC “Interpipe” in 2019 reduced steel production by 4.2% compared to the previous year – to 854.5 thousand tons, including 57 produced in December, 1 thousand tons. At the end of the year, the output of pipes decreased by 13.3% – to 587 thousand tons (in December – 32.1 thousand tons), but the production of railway products increased – by 11%, to 207.7 thousand tons (19.6 thousand tons).

In 2019, the company increased sales of round steel billets by 22.8% – to 23.7 thousand tons (in December – 0.7 thousand tons), railway products – by 7%, to 202.1 thousand tons (18.2 thousand tons), but reduced the sale of pipes by 10.6% – to 597.1 thousand tons (53.3 thousand tons). Pipes were mainly sold in Ukraine (25%), Europe (24%) and the American continent (24%). Railway products – in the CIS (45%), Europe (26%) and Ukraine (22%).

Interpipe is a Ukrainian industrial company, a manufacturer of seamless pipes and railway wheels. The company’s products are supplied to more than 80 countries of the world through a network of sales offices located in key markets of the CIS, the Middle East, North America and Europe. In 2019, Interpipe sold 823 thousand tons of finished products, including 202 thousand tons of railway products. Railway products are sold under the KLW brand.

Interpipe employs 12,000 people. In 2018, the company transferred UAH 2.17 billion to the budgets of all levels.

The company has five industrial assets: Interpipe Nizhnedneprovsky Pipe-Rolling Plant (NTZ), Interpipe Novomoskovsk Pipe Plant (NMPP), ” Interpipe Niko-Tube, Dnepropetrovsk Vtormet and the Dniprostal electric steel-making complex under the Interpipe Steel brand.

The ultimate owner of Interpipe Limited is Ukrainian businessman Victor Pinchuk and his family members.

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