NPR's Pipe Production Up 16% YOY In 1H05.
21 July 2008
Nyzhnyodniprovsky Pipe Rolling (NITR: BUY) increased pipe output by 16% yoy, to 258.5 ths mt. Its output of railroad wheels & rims fell 8.9% yoy, to 131.6 ths mt for the period. Steel production remained virtually unchanged at 362.75 ths mt (down 0.7% yoy). Concorde Capital: It appears that NPR’s strategy for this year is to change its product mix in favor of pipes due to strong demand.
