Interpipe reduced steel production and sharply reduced capital investment
In January-September 2022, the international vertically integrated pipe and wheel company Interpipe reduced steel production by 36.3% compared to the same period of the previous year, to 463 thousand tons.
According to the presentation results of the company's work for the nine months of last year, the production of pipes decreased by 30.2% - to 309 thousand tons, railway products - by 49.6%, to 64 thousand tons.
Capital investments decreased by 3 times compared to the same period of the previous year - up to $15 million. The steel production amounted to $7 million, the pipe production - $8 million, there was no investment in the railway direction.
Interpipe is a Ukrainian industrial company, a manufacturer of seamless pipes and railway wheels.
The company's products are supplied to more than 80 countries around the world through a network of sales offices located in the key markets of the CIS, the Middle East, North America and Europe.
In 2021, Interpipe sold 602 thousand tons pipe products and 174 thousand tons of railway products. Railway products are sold under the KLW brand.