Interpipe pipe output drops 19.2% in 2M21
22 March 2021
Pipe production at Ukraine’s largest producer
Interpipe (INPIP) was 1.56 kt per day (or 43.8 kt per month) in February, a 77%
m/m jump, according to Concorde Capital’s analysis of a news report by
Interfax-Ukraine.
Interpipe Niko Tube output jumped 68.4% m/m to 0.77 kt
per day in February. Interpipe NTRP pipe production advanced 41.5% m/m to 0.58
kt per day. Interpipe NMPP output skyrocketed 11x m/m to 0.22 kt per day.
In 2M21, Interpipe’s pipe production was 69.7 kt (1.18
kt per day), or 19.2% less yoy.
In a separate news report, Interfax-Ukraine said that
Interpipe Steel’s output of crude steel was 2.10 kt per day in February, a
17.9% m/m increase. The 2M21 steel output at Interpipe Steel was 113.6 kt, a
17.8% yoy loss.
Dmytro Khoroshun: Interpipe’s
pipe output might drop 15-20% yoy in 1Q21.
Interpipe’s railway product output should be
depressed starting from February-March because of Russia’s ban on imports from Ukraine starting from early February. Before
the ban, Interpipe used to sell about 30% of its railway products to Russia.
