Interpipe - Latest news GMK Center

The reason is a gain in sales of railway products

Steel production fell by 2.3%, while production of pipes was down by a third

They imply a cut in production and sales by 30–50%

Companies are taking action to prevent the spread of the virus and minimize its impact on production

Sales totaled 798 thousand tons

Production of pipes fell by 13.3% to 587 thousand tons

The Company made a breakthrough owing to its railway products segment

Interpipe is going to supply 20 thousand wheels to BelAZ in 2020

The annual pipe consumption in the domestic oil & gas industry is estimated at around 100–130 thousand tons

Ukrainian Interpipe remains a major supplier of rail wheels to the Russian Federation

The industry stagnates as Ukrainian pipes are lacking adequate sales market

These funds are supposed to finance repayment of the company’s debt worth $1.3 billion