Railway product prices dropped 2% m/m in June for Ukraine exports
25 August 2021
Ukraine’s export prices for railway products, sold
mostly by the largest producer, Interpipe (INTHOL), were USD 1,359/t in June,
which is 2% less m/m and 6% lower yoy, according to Concorde Capital’s analysis
of State Statistics data.
The June prices are 4% below their 1Q21 average,
Concorde Capital’s calculations show. The 2Q21 average price is 4% below the
1Q21 average.
Dmytro Khoroshun: Prices
might be flat m/m in July based on State customs service data.
The EBITDA (before reallocation from the steel
segment) of Interpipe’s railway product segment will drop substantially yoy in
2021, possibly by as much as 40-50%, we continue to expect.
