8M Pipe Output Up 10.6% yoy.

Among the four biggest pipe makers, only Khartsyzsk Tube saw its production decline 5.7% for the period. However, HRTR’s August output was up 2.4% yoy as opposed to a 9.3% drop in July.

(in ths mt)

Company                                          Jan-Aug 06 Chg yoy   Aug-06  Chg yoy  Jul-06 Chg yoy

Nyzhnyodniprovsky Pipe (NITR: BUY)   389.8         9.2%       54.9       33.9%    53.4  12.2%

Khartsyzk Tube (HRTR: Spec BUY)       354.4        -5.7%       47.1        2.4%     58.4  -9.3%

Dnipropetrovsk Pipe (DTRZ: BUY)        162.7        17.1%      20.3        -4.2%    21.7  36.5%

Novomoskovsk Pipe (NVTR: BUY)        159.8        27.4%      31.1         72.8%   25.0  68.9%

Total Ukraine                                   1,697.5       10.6%      240.4        19.8%  243.7 14.3%