OREANDA-NEWS. February 04, 2010. Interpipe Novomoskovsk Pipe Plant has increased its monthly output by 21.9% m/m to 12.8ktonnes in January. This is more than 2.7 times more year on year, by comparison with the monthly output of last January.

Millennium Capital estimates the level of January output as good in view of there being plenty of days off in the first month of the year. Despite some seasonal decrease in demand, Millennium Capital sees good prospects for this Company in 2010, first of all because of the assortment of its products, - OCTG sector pipes (see our Trade Idea “NVTR: Recovery Course”). The pipe prices rise started in January (from 1 to 5% for different types of pipes) confirms our forecasts.