Results of Large-Diameter Steel Pipe Producers in Ukraine for 1H2025

Results of Large-Diameter Steel Pipe Producers in Ukraine for 1H2025
Ukraine Large Diameter Steel pIpes

Overview of Ukraine’s Large-Diameter Steel Pipe Production in 1H2025

Despite the ongoing war risks, four mini-steel enterprises in Ukraine continue producing large-diameter steel pipes, ranging from 426 to 1,420 mm. The companies have made significant progress in recovering production levels, partly or fully returning to pre-war outputs. However, the financial results for the first half of 2025 reveal differing performances across these companies.

 

Ukrtruboizol Leads Market Performance

Ukrtruboizol, located in Meliorativne, Dnipropetrovsk region, remains the leader in the market segment. In the first half of 2025, the company reported a 65% increase in sales, reaching UAH 276 million (excluding VAT), compared to UAH 498 million in the same period last year. The cost of fixed assets for Ukrtruboizol stood at UAH 251 million. The workforce grew to 201 employees, up from 186 at the end of 2024. Despite the progress, the company’s profit decreased to UAH 15.4 million in 1H2025, compared to UAH 55 million in 2024.

 

Mixed Results from Other Ukrainian Pipe Producers

In contrast, Ukrainian Pipe Plant in Dnipro reported a sharp decline in sales, down by 56%, with a net sales revenue of only UAH 141.5 million in the first half of 2025. The value of its fixed assets stood at UAH 31.7 million. The workforce shrank slightly to 126 employees, down from 147 at the end of 2024. The company still managed to generate a profit of UAH 3.3 million, though it was significantly lower than UAH 12 million in the same period last year.

The Steel Profile Plant in Dnipro also showed a downturn, with a 10% drop in sales to UAH 81.9 million. Despite a negative financial result of UAH 1.4 million in the first half of 2025, the company showed improvement compared to last year’s loss of UAH 15 million. The plant’s fixed assets were valued at UAH 20 million, and it employed 57 people.

Ukrspetsconstruction in Kryvyi Rih demonstrated a relatively stable performance, though its sales fell by 10% to UAH 75.1 million in 1H2025. The company increased its workforce to 36 employees, up from 30 at the end of 2024. However, it reported a profit of UAH 2.2 million, indicating better profitability despite declining sales.

 

Financial Landscape and Export Growth

The overall financial landscape of the four Ukrainian pipe producers is mixed, with Ukrtruboizol leading the way in terms of revenue and profitability. Meanwhile, the Ukrainian Pipe Plant has experienced a significant reduction in revenue but continues to post a profit. The Steel Profile Plant faces operational difficulties, as reflected in its continued losses. However, Ukrspetsconstruction seems to be adjusting to the market conditions with modest sales declines and increased profitability.

Despite these mixed results, Ukraine’s pipe production grew by 12% in 2024, reaching 780,000 tons. Exports surged by 43.1%, with 510,000 tons shipped overseas, contributing to an export revenue increase of 10.5%, reaching $648.7 million. These figures suggest resilience in Ukraine’s steel pipe production sector, even amid challenging circumstances.

 

SuperMetalPrice Commentary:

The results of Ukraine’s large-diameter steel pipe producers in 1H2025 highlight the adaptive strategies of companies operating in difficult circumstances. Ukrtruboizol’s growth contrasts sharply with the performance of other producers, reflecting varying levels of resilience and operational efficiency. The overall increase in pipe exports from Ukraine shows that demand for steel pipes remains strong, despite the ongoing challenges. With global markets increasingly dependent on Ukrainian steel products, the sector’s ability to recover and grow remains critical to the broader metals and commodities industry.

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