Interpipe will continue to supply pipes to the US market

The Ukrainian industrial company Interpipe declares that the Suspension Agreement on the non-application of a 7.5% anti-dumping duty in the United States on its oil and gas pipes in exchange for setting minimum prices for its products has expired due to the expiration of its validity period.

The company continues to supply pipes to the United States and at the same time began consultations on a new agreement.

The agreement on the minimum price level guaranteed the American producers the absence of significant competition from Ukrainian products.

At the same time, the minimum prices themselves were revised by the US Department of Commerce every six months, and Interpipe strictly observed them on the US market.

Denis Morozov, Director for Economics and Finance, Interpipe:
- In 2018, the share of North and South America in the structure of Interpipe pipe sales was 19%. A significant part of these volumes fell on the US market; this is an important market not only for the company, but also for the Ukrainian economy as a whole. The supply of oil and gas pipes to America provides jobs, taxes and foreign exchange earnings. We expect the new Ukrainian authorities to assist in negotiations with the American side on the export of Ukrainian goods to the United States.

Note that the supply of Ukrainian pipes to the United States does not pose a threat to local steel producers. The share of Ukrainian oil and gas pipes in the American market does not exceed 1%. But for Interpipe it is one of the key markets, the importance of which has grown due to the loss of the Russian pipe market.

The company has been actively developing cooperation with customers in the United States for a long time. He also conducts research work on the development of new products for the American market, and for this he invests in the development of production in Ukraine.

About the company:
Interpipe is a Ukrainian industrial company, a manufacturer of steel pipes and railway wheels. The company's products are supplied to more than 80 countries around the world through a network of sales offices located in the key markets of the CIS, the Middle East, North America and Europe. In 2018, Interpipe sold 857 thousand tons of finished products, including 189 thousand tons of railway products. Railway products are sold under the KLW brand.

Interpipe employs 12 thousand people. In 2018, the Company transferred UAH 2.17 billion to the budgets of all levels.