Production of steel and pipes declined as well
In 2020, Interpipe decreased sales of railway products by 8.3% to 190.6 thousand tons against 2019, according to Interfax-Ukraine.
Production of steel in 2020 dropped by 11.2% to 758.7 thousand tons and pipes by 20.9% to 464 thousand tons.
In December, the Company produced 61.8 thousand tons of steel, 16.5 thousand tons of railway products, and 38.4 thousand tons of pipes.
The main sales markets were: the CIS (43%), Europe (35%), Ukraine (14%), the MENA region (4%). Pipes were supplied to Europe (29%), the MENA region (24%), Ukraine (22%), and the CIS (11%).
Interpipe is an international, vertically integrated pipe and wheel company, one of the top 10 global manufacturers of seamless pipes and one of the top 3 manufacturers of railway wheels.