Railway product prices rose 3% m/m in August for Ukraine exports
21 October 2021
Ukraine’s export prices for railway products, sold
mostly by the largest producer, Interpipe (INTHOL), were USD 1,398/t in August,
which is 3% more m/m and unchanged yoy, according to Concorde Capital’s
analysis of UkrStat data.
The August prices are 2% above their 2Q21 average,
Concorde Capital’s calculations show. The July-August average price is
unchanged from the 2Q21 average.
Dmytro Khoroshun: Prices
might rise about 4% m/m in September 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.
