The reintroduction of a 25% duty on steel imports to the United States has negatively affected both Ukrainian industrial company Interpipe and American steel pipe consumers, as the domestic market in the US remains undersupplied. Denys Morozov, First Deputy CEO of Interpipe, highlighted these challenges at the Business Wisdom Summit 2025.
Morozov emphasized the popularity of Interpipe's threaded connections in the US and noted the company's ongoing R&D efforts to develop new connections for its expanding customer base. He acknowledged that the tariffs are detrimental, exacerbating difficulties for Interpipe Niko Tube’s pipe plant in Nikopol, a war zone facing both Russian shelling and the impact of the tariffs.
Despite these challenges, Interpipe remains resilient, producing goods for both the US and European markets. Morozov credited the company’s investment in R&D and its ability to create unique products for its continued competitiveness. Over three years of duty-free trade with the EU, Interpipe has introduced approximately 250 new products, solidifying its market position. Recent investments, including a $40 million thermal treatment plant in Nikopol, further enable the company to deliver added-value products to US customers.
Additionally, Interpipe successfully chartered and operated a vessel for the first time last year, which proved advantageous for both logistics and transportation economics, as noted by Olexiy Yanovsky, Director of Procurement and Logistics. These efforts reflect the company’s determination to navigate current challenges and sustain growth.
