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Interpipe reduces steel output 36%, pipes 30% in Jan-Sept 2022
KYIV. Jan 13 (Interfax-Ukraine) – Ukrainian seamless pipe and railway wheel producer Interpipe reduced steel output 36.3% year-on-year in January-September 2022 to 463,000 tonnes, according to a company presentation.
Pipe production fell 30.2% to 309,000 tonnes and railway products 49.6% to 64,000 tonnes.
Steel production grew 43.9% q-o-q to 177,000 tonnes in Q3 2022, pipe production fell 4.5% to 105,000 tonnes and railway products grew 33.3% to 24,000 tonnes.
Steel production rose 28.1% in 2021 to 971,000 tonnes and pipes 32.5% to 614,800 tonnes, while railway products fell 9.7% to 172,100 tonnes.
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 through a network of sales offices located in key markets of the CIS, the Middle East, North America and Europe.
The company includes five industrial assets: Interpipe Nyzhniodniprovsky Pipe Rolling Plant, Interpipe Novomoskovsk Pipe Plant, Interpipe Niko-Tube, Interpipe Vtormet and Dniprostal Steel Complex under the Interpipe Steel brand. In total, Interpipe employs about 10,000 employees.
The ultimate owner of Interpipe Limited is Pinchuk and members of his family.
