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Interpipe said they feel a shortage of scrap metal and may cut production

Ukraine / Ferrous metallurgy

Viktor Pinchuk's metallurgical company Interpipe paid almost UAH 1.5 billion in taxes and fees in the first half of the year, but warns of a reduction in payments due to a shortage of scrap metal.

Interpipe said they feel a shortage of scrap metal and may cut production

In the first half of 2021, the Ukrainian industrial company Interpipe made a significant contribution to the budgets of various levels, transferring them UAH 1.49 billion in taxes and fees, which is 10.4% more than in the same period last year.

The favorable situation in the external markets for pipe and railroad products allowed the enterprises of Interpipe to increase their production volumes. At the same time, the demand on the Ukrainian market continues to stagnate.

Moreover, the main risk in the second half of the year is the uncontrolled export of scrap metal. Already in the summer, the company is experiencing a serious shortage of raw materials, which can lead to a decline in production and, accordingly, a decrease in tax deductions.

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