Metinvest’s KhPW sees 98 percent fall in February pipe output

Tuesday, 09 March 2010 16:29:05 (GMT+3)   |  
       

According to the data issued by the Ukrainian iron ore and steel producer Metinvest Holding (Metinvest), in February this year its subsidiary Khartsyzsk Pipe Works (KhPW) registered a 98 percent decrease in its large diameter (LD) pipe output manufacturing only 353 mt, down from 18,877 mt produced in January.

In January-February this year, KhPW produced 19,230 mt of LD pipes - down 78.6 percent compared to the same period last year when the plant produced 90,732 mt of LD pipes.

Media reports say that in February this year KhPW almost stopped its production. Meanwhile, the company said that its low February output was in line with its production plan for the month.

In 2009 KhPW benefited from the construction of the Central Asia-China gas pipeline project. However, in late 2009 the construction of the project was completed and KhPW's production figures consequently declined, local newspaper Delo stated.

KhPW has a production capacity of 1.6 million mt of pipes per year, or about 125,000 mt of pipes per month.


Similar articles

Local Chinese steel pipe prices mostly decline

28 Mar | Tube and Pipe

US OCTG exports up 26.8 percent in January

27 Mar | Steel News

India’s VSTL setting up greenfield steel pipe making unit in Odisha

27 Mar | Steel News

Japanese crude steel output down 3.8 percent in February from January

27 Mar | Steel News

India’s Welspun secures $62 million steel pipe supply contract in Saudi Arabia

26 Mar | Steel News

Some EU flat steel import quotas about to be exhausted near end of period

26 Mar | Steel News

Canada initiates review on line pipe from S. Korea

25 Mar | Steel News

India’s Welspun and Saudi Arabia’s Aramco terminate steel pipe supply contract

25 Mar | Steel News

US and Canadian rig counts both decline week-on-week

22 Mar | Steel News

US structural pipe and tube exports down 41.7 percent in January

22 Mar | Steel News