Pipe production at Ukraine’s largest producer
Interpipe (INPIP) was 1.92 kt per day (or 59.4 kt per month) in December, a 10.5%
m/m increase in average daily terms, according to Concorde Capital’s analysis
of a Jan. 24 news report by Interfax-Ukraine.
Interpipe NTRP pipe production jumped 52.1% m/m to
0.78 kt per day in December. Interpipe NMPP output plunged 41.7% m/m to 0.16 kt
per day. Interpipe Niko Tube output gained 3.3% m/m to 0.97 kt per day.
In 2018, Interpipe’s pipe production was 756.2 kt, or
15.0% more yoy.
In a separate news report, Interfax-Ukraine said that
Interpipe Steel’s output of crude steel was 2.65 kt per day in December, a
15.0% m/m increase. The 2018 steel output at Interpipe Steel was 973 kt, a
13.8% yoy gain.
Dmytro Khoroshun: We tentatively expect the 2019 pipe production volume at Interpipe to
drop 7% yoy to 700 kt, or 1.92 kt per day, which was the average production
rate for both December and 4Q18.