Ukrainian steel pipe and railway wheel producer Interpipe announced that its crude steel output in in the first 11 months this year increased by 25.9% YoY to 877,600 tonnes. In November alone, the company produced 87,700 tonnes of crude steel, up 39.1% MoM. Company’s output of pipe products in 11 months rose by 29.6% YoY to 551,600 tonne, while its sales of pipes increased by 22.8% YoY to 522,900 tonnes. The output of seamless pipes in the given period totaled 498,700 tonnes, rising by 42.5% YoY, while the company’s output of welded pipes in the given period decreased by 29.9% YoY to 52,900 tonnes. In the first 11 months this year, Interpipe’s output of railway products decreased by 10.3% YoY to 156,100 tonnes. In the third quarter this year, Interpipe's total sales revenues rose by 14% compared to the second quarter to USD 296 million, while its EBITDA was USD 40 million, up by 44% QoQ. In the third quarter, there was bullish sentiment across all key markets in which Interpipe operated, which partially offset the negative impact of the global appreciation of production inputs and raw materials. In the first nine months, the company's total sales revenues totaled USD 757 million, up by 15% YoY, while its EBITDA declined by 30% YoY to USD 151 million. Despite a 54% YoY growth in the pipe segment revenue, the embargo on imports of Ukrainian railway products imposed in Russia in February this year caused a 28% drop in Interpipe's railway product segment revenues.
Ukrainian steel pipe and railway wheel producer Interpipe announced that its crude steel output in in the first 11 months this year increased by 25.9% YoY to 877,600 tonnes. In November alone, the company produced 87,700 tonnes of crude steel, up 39.1% MoM. Company’s output of pipe products in 11 months rose by 29.6% YoY to 551,600 tonne, while its sales of pipes increased by 22.8% YoY to 522,900 tonnes. The output of seamless pipes in the given period totaled 498,700 tonnes, rising by 42.5% YoY, while the company’s output of welded pipes in the given period decreased by 29.9% YoY to 52,900 tonnes. In the first 11 months this year, Interpipe’s output of railway products decreased by 10.3% YoY to 156,100 tonnes. In the third quarter this year, Interpipe's total sales revenues rose by 14% compared to the second quarter to USD 296 million, while its EBITDA was USD 40 million, up by 44% QoQ. In the third quarter, there was bullish sentiment across all key markets in which Interpipe operated, which partially offset the negative impact of the global appreciation of production inputs and raw materials. In the first nine months, the company's total sales revenues totaled USD 757 million, up by 15% YoY, while its EBITDA declined by 30% YoY to USD 151 million. Despite a 54% YoY growth in the pipe segment revenue, the embargo on imports of Ukrainian railway products imposed in Russia in February this year caused a 28% drop in Interpipe's railway product segment revenues.
