Business news from Ukraine

Business news from Ukraine

UKRAINE RAISES PIPE PRODUCTION BY 21.6% IN JAN-AUG

9 September , 2021  

The main pipe enterprises of Ukraine in January-August this year increased production of pipes from ferrous metals, according to recent data, by 21.6% compared to the same period last year, up to 655,100 tonnes, in August – 90,800 tonnes.
The Ukrtruboprom association told Interfax-Ukraine the enterprises of the association during this period increased the production of pipes by 26%, to 442,500 tonnes. In particular, in August, the enterprises belonging to the Ukrtruboprom association increased production by 54.9% compared to the same period last year, to 70,000 tonnes, compared to July – by 11.3%.
According to Heorhiy Polsky, the director general of Ukrtruboprom, Interpipe Niko Tube and Trubostal have shown positive dynamics, which in the eight months increased their pipe production by 84.1% and 27.3%, respectively. At the same time, Centravis reduced the production of stainless steel pipes by 2.4%, Interpipe Novomoskovsk Pipe Plant – electric-welded pipes by 30.8%.
At the same time, Dnipropetrovsk Pipe Plant continues to be idle.
“The favorable situation on the foreign markets continues to have a positive impact on the Ukrainian pipe industry. Ukrtruboprom enterprises have been increasing the production of seamless pipes for the sixth month in a row,” the CEO said.
According to him, the demand for oil and gas products is at a high level due to the increase in world prices for hydrocarbons. At the same time, the consumption of line pipes is also stable. Another positive factor: an increase in shipments of premium pipe products, that is, the Ukrainian Truboprom is increasing the share of complex orders.
Polsky also pointed to an increase in the production of welded pipes: since the second half of the year, strip prices have stabilized, which allowed the plants to resume normal operation.