Interpipe pipe sales plunge 46% m/m in January

21 February 2022

Railway product sales volume at Ukraine’s largest pipe and railway wheel producer Interpipe (INTHOL) was 9.8 kt in January, a 41.5% m/m dive, according to the company’s monthly operational report released on Feb. 18. Pipe sales plunged 45.5% m/m to 43.0 kt, while external billet sales lost 41.6% m/m to 4.3 kt.


The m/m decrease in pipe sales in January was driven by drops for OCTG pipes to 14.8 kt (-58.0%) and line pipes to 20.5 kt (-40.5%). Interpipe mentioned seasonality and peak deliveries at the end of 2021 as the reasons for the drops.


The m/m dive in railway product sales in January was driven by a 46.7% drop for wheels to 7.5 kt.


Ukraine's share of Interpipe’s pipe sales in January was 21%, or 2pp more than in 2021, while Europe’s share was 29%, or 5pp higher. The share of sales in the Americas was the same as in 2021 at 21% and the share of CIS countries dropped 4pp to 7%. MENA's share was unchanged at 22%.


The share of Interpipe’s railway product sales in Ukraine in January jumped 15pp from 2021 to 31%, while the share of sales to Europe surged 13pp to 46%. The share of sales to CIS countries plunged 20pp to 16%. The share of sales in the Americas lost 4pp to 2%, and sales to other countries was unchanged at 6%.


Regarding production volumes, Interpipe’s pipe output lost 16.5% m/m to 52.7 kt in January, while its railway product output dropped 13.3% m/m to 13.8 kt and steel production slid 0.9% m/m to 93.0 kt.


Dmytro Khoroshun: Interpipe’s sales of both pipes and railway products should rebound m/m in February.


A rebound is expected on the basis of market sentiments and the fact that January’s m/m drops in production volumes for both pipes and railway products were smaller than the drops for sales volumes, as Interpipe mentioned in its release.

Upcoming Events

Aug 10
Price stats for July
Aug 15
Trade balance for 1H22
Aug 22
Retail turnover for 7M22
All Events →