Interpipe Increased Pipe Sales by 14.4% in H1 2025 Amid Market Shifts

Interpipe’s Strong Pipe Sales Growth in H1 2025

Interpipe reported a 14.4% year-on-year increase in pipe sales in the first half of 2025, reaching 302,000 tons. The company shipped the majority of pipes to Europe and America, with European sales slightly declining by 1.8% to 110,000 tons. However, sales to America surged by 39.6% to 67,000 tons. Domestic market shipments rose by 17.8% to 53,000 tons. In Q2, pipe sales grew 5.4% quarter-on-quarter, led by a 57.1% increase in domestic sales, despite declines in Europe and America.

Steel and Railway Product Trends Affect Interpipe Sales

Steel production dropped 17.8% year-on-year to 352,000 tons in H1 2025, while pipe production rose 7.7% to 278,000 tons. Line pipes and OCTG pipes led growth with 10.8% and 2.9% increases respectively. Railway product sales fell by 5.2% year-on-year to 55,000 tons, with European and Ukrainian markets both shrinking. In Q2, railway sales improved by 11.5% quarter-on-quarter. Despite the steel production decline, Interpipe maintained steady pipe output and continues to hold a strong position in the market.

SuperMetalPrice Commentary:

Interpipe’s solid pipe sales growth highlights its resilience amid regional market fluctuations and steel output challenges. The surge in American and domestic shipments underscores expanding demand outside Europe. While steel production declines affect overall output, the company’s focus on pipe segments, especially line and OCTG pipes, ensures steady revenue streams. Interpipe’s vertical integration and strong tax contributions demonstrate its economic importance in Ukraine and global metals markets. Investors should watch how shifting regional demands and production balance affect future performance.