Business news from Ukraine

Business news from Ukraine

“Centravis” to supply seamless stainless steel pipes to Voss Fluid

Centravis Production Ukraine, a part of Centravis Ltd. holding, has agreed to regularly supply seamless stainless steel pipes to Voss Fluid, a German company specializing in hydraulic connections.
According to a press release on Wednesday, Ukrainian seamless pipes are used to produce connections with a high degree of leakage protection even in the most difficult operating conditions, in particular, in projects using hydrogen and compressed natural gas.
It is explained that Voss Fluid has now developed and patented a special hydrogen hydraulic connection. Centravis mainly supplies pipes for such projects.
“We have a systematic cooperation, as our German colleagues need consistent quality and a reliable supplier. The annual supply volume is measured in tens of tons. We expect that the number of orders in this segment will grow over time, as hydrogen projects become more popular every year,” said Viktor Chernetskyi, Key Account Manager at Centravis.
It is worth reminding that Centravis, together with the French company Duncha France, has become a participant in a project to produce hydrogen-powered cars in the EU. For its implementation, Centravis has developed a line of high-precision seamless stainless steel pipes H2FIT. They will be installed in light trucks and will help comply with EU regulations under the zero-carbon initiative.
Earlier it was reported that in the first half of 2024, Centravis increased production by 9% to 6.88 thousand tons of seamless stainless steel pipes. In 2023, the company produced 12.2 thousand tons of such pipes. More than 99% of this volume was exported to 38 countries.
Germany, Italy and the United States are among the largest consumers of Ukrainian seamless pipes.
Founded in 2000, Centravis is one of the ten largest producers of seamless stainless steel pipes in the world. Its main production facilities are located in Nikopol (Dnipropetrovska oblast). In 2023, the company opened a branch in Uzhhorod.
Centravis Holding Ltd. was established on the basis of Nikopol Stainless Pipe Plant CJSC, service and trading companies of Production and Commercial Enterprise YUVIS LLC. Its shareholders are members of the Atanasov family. Centravis Ltd. owns 100% of the shares in Centravis Production Ukraine.

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U.S. SETS FINAL DUTIES ON SEAMLESS STEEL PIPES INCLUDING FROM UKRAINE

The U.S. Department of Commerce, following antidumping investigations of seamless carbon and alloy steel standard, line, and pressure pipes from Russia, South Korea and Ukraine, has announced the size of the final duties.
According to the information on the official website of the International Trade Administration, the final dumping level (the amount of antidumping duties) for seamless pipes from Korea is set at 4.48% for all Korean companies, including ILJIN Steel Corporation) and 4.44% is the dumping margin with an adjustment to offset export subsidies. For Russian companies, including TMK it is 209.72%, for Ukrainian companies, including Interpipe it is 23.75%.
In addition, countervailing duties have been set for all Korean companies in the amount of 1.789%, for ILJIN Steel Corporation – 1.78%, for all Russian companies – 48.38%.
The duties will be imposed in the event of a positive final decision from the U.S. International Trade Commission (ITC). The ITC shall make its decision on August 9 of this year, and the order shall be issued on August 16.
The published documents state that 11,471 tonnes were imported from the Russian Federation to the United States in 2020, in 2019 – 39,634 tonnes, in 2018 – 38,024 tonnes, from South Korea – 23,068 tonnes, 17,112 tonnes and 15,839 tonnes, from Ukraine – 32,801 tonnes, 43,667 tonnes and 38,974 tonnes, respectively.

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