Exclusive Interpipe increased pipe sales by 14.4% y/y in Q12025

Sales of railway products decreased by 5.2% y/y

Ukrainian industrial company Interpipe increased its pipe sales by 14.4% in the first half of 2025 compared to the same period in 2024, reaching 302,000 tons, according to its report.

The bulk of the pipes were shipped to Europe (110,000 tons, down 1.8% year-on-year) and America (67,000 tons, up 39.6% year-on-year). 53 thousand tons of pipes were shipped to the domestic market, which is 17.8% more than in the first half of 2024. In the second quarter, sales of pipe products increased by 5.4% compared to the previous quarter, to 155 thousand tons, in particular, to the EU – 52 thousand tons (-10.3% q/q), to America – 30 thousand tons (-18.9% q/q), and to the domestic market – 33 thousand tons (+57.1% q/q).

Sales of railway products for 6 months decreased by 5.2% y/y – to 55 thousand tons. The European market received 38 thousand tons (-5% y/y), while the Ukrainian market received 6 thousand tons (-33.3% y/y). In Q2, 29 thousand tons were sold (+11.5% q/q).

Steel production in January-June decreased by 17.8% compared to the first half of 2024, to 352 thousand tons. Pipe production increased by 7.7% y/y, to 278 thousand tons. The largest share is accounted for by line pipes – 205 thousand tons (+10.8% y/y) and OCTG pipes – 70 thousand tons (+2.9% y/y). Railway product production decreased by 3.6% y-o-y – to 54 thousand tons, including railway wheels – 40 thousand tons (-4.8% y-o-y).

During the quarter, steel production fell by 39% q-o-q – to 133 thousand tons, pipe production increased by 1.4% q-o-q – to 140 thousand tons, and railway product production remained at the previous quarter’s level.

In 2024, Interpipe increased its sales of pipe products by 32% compared to 2023, to 511 thousand tons. Sales of railway products for the year increased by 21% y/y, to 114 thousand tons. Steel production for the year increased by 23% y/y to 834 thousand tons. Pipe production increased by 28% y/y to 507 thousand tons, and railway products – by 12% y/y to 112 thousand tons.

Over the past year, the company paid UAH 5.5 billion in taxes and fees to budgets of all levels and extrabudgetary funds of Ukraine, which is 27% more than in 2023.

Interpipe is an international vertically integrated pipe and wheel company, one of the top 10 producers of seamless pipes in the world and one of the top 3 producers of solid-rolled railway wheels.