Interpipe Steel reduced steel production by 10.8%

Electric steelmaking complex “Interpipe Steel” of the international vertically integrated tube and wheel company (TKK) “Interpipe” (Dnipro) in January-March of this year reduced steel production, according to operational data, by 10.8% compared to the same period last year – up to 193.2 thousand tons.

As the company informed Interfax-Ukraine, 79.5 thousand tons of steel were smelted in March, while in the previous month – 58.8 thousand tons.

In 2020, the company reduced steel smelting by 11.2% compared to 2019 – up to 758.7 thousand tons.

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 the key markets of the CIS, the Middle East, North America and Europe. In 2020, Interpipe sold 662 thousand tons of finished products, including 192 thousand tons of railway products. Railway products are sold under the KLW brand.

Interpipe employs 11,000 people. In 2020, the company transferred UAH 2.54 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 Dneprostal electric steel-smelting complex under the Interpipe Steel brand.

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

Based on materials: Interfax-Ukraine

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