Ukraine’s pipe production increases 6.2% y-o-y in 11M10

Ukraine’s pipe producers increased their output to 1,569,000 mt, up 6.2% compared to 11M09, Interfax reported last week. Andriy Gerus: Demand from Transneft boosted output, with companies like Khartsyzsk Pipe (UX: HRTR UK) benefiting from orders from Russia. As for the domestic market, demand for pipes picked up in October–November, but we expect it to drop in December-January due to a seasonal decline.

Company, ths mt                     11M09          11M10
Ch.,       %  
Nyzhnyodniprovsk Pipe (NITR)   225.2             328.9          46% 

Khartsyzsk Pipe (HRTR)             504.2             253.2         -50% 

 Novomoskovsk Pipe (NVTR)       146.8            169.2          15% 

 Kominmet (DMZK)                     172              140.8         -18% 

 Dnipropetrovsk Pipe (DTRZ)       48.7               72.8            49% 

 ММК Illicha Steel (MMKI)            36                  70.8           97% 

 Total                                      1477.1               1569.3        6%