Interpipe reduced steel production by 2.3%

The international vertically integrated pipe and wheel company (TKK) “Interpipe” in January-March of this year reduced steel production by 2.3% compared to the same period last year – to 216.5 thousand tons.

As reported in the monthly report of the company on Thursday, over three months the production of pipes decreased by 33.2% – to 113.7 thousand tons, the production of railway products increased by 20.9% – to 54.7 thousand tons.

In March, steel smelting amounted to 77.9 thousand tons, railway products – 19 thousand tons, pipes – 43.4 thousand tons.

At the same time, it is noted that the company in January-March increased sales of round steel billets by 124.1% – up to 9.9 thousand tons, railway products – by 27.1%, to 58.2 thousand tons and reduced sales of pipes by 28.4% – up to 112.2 thousand tons.

It is also reported that pipes in January-March of this year were sold in Europe (32%), the MENA region (24%), Ukraine (18% ), on the American continent (11%), the CIS (12%) and in other regions ( 3%). Railway products – in the CIS (45%), Europe (30%), Ukraine (17%), the MENA region (3%), the American continent (3%) and in other regions (2%).

As reported, TCC “Interpipe” in 2019 reduced steel production by 4.2% compared to the previous year – to 854.5 thousand tons, including 57.1 thousand tons produced in December. 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 Nizhnedneprovsk Pipe-Rolling Plant (NTZ), Interpipe Novomoskovsk Pipe Plant (NMPP), ” Interpipe Niko-Tube, Dnepropetrovsk Vtormet and the Dneprostal 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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