Exclusive Interpipe increased pipe sales by 32% y/y in 2024

Sales of railway products increased by 21% y/y

In 2024, Ukrainian industrial company Interpipe increased its sales of tubular products by 32% compared to 2023, to 511 thousand tons. This is stated in the company’s report.

The main volume of pipes was shipped to Europe – 212 thousand tons (+64% y/y), and America – 98 thousand tons (+41% y/y). The company shipped 96 thousand tons of pipes to the domestic market, down 19% compared to 2023.

Sales of railway products for the year increased by 21% y/y – to 114 thousand tons. The company sold 76 thousand tons (+26% y/y) to the European market and 17 thousand tons (+13% y/y) to the Ukrainian market.

Steel production in 2024 increased by 23% compared to 2023 to 834 thousand tons. Pipe production increased by 28% y/y – to 507 thousand tons. The largest share was accounted for by line pipes – 349 thousand tons (+31% y/y), and OCTG pipes – 139 thousand tons (+33% y/y). Production of railway products increased by 12% y/y – to 112 thousand tons, including 81 thousand tons of railway wheels (+11% y/y).

In 2023, Interpipe increased its sales of pipe products by 0.8% compared to 2022, to 387 thousand tons, and railway products by 9.2% y/y, to 95 thousand tons. Steel production for the year increased by 14.3% y/y – to 680 thousand tons, pipe production by 0.5% y/y – to 395 thousand tons, and railway segment production by 19% y/y – to 100 thousand tons.

Last year, the company paid UAH 5.5 billion in taxes and fees to the budgets of all levels and off-budget funds of Ukraine, up 27% compared to 2023.

Interpipe is an international vertically integrated pipe and wheel company that ranks among the top 10 seamless pipe producers in the world and among the top 3 producers of all-rolled railway wheels.