The return of 25% steel import tariffs to the US is hurting not only the Ukrainian industrial company Interpipe but also American steel pipe consumers, as the domestic market in the United States is experiencing shortages.
This was stated by the First Deputy CEO of Interpipe, Denys Morozov, during the Business Wisdom Summit 2025.
“Our threaded connections are very popular in the US market, and now our R&D team is finishing the development of a new connection specifically for customer needs, which are continuously growing. Therefore, the tariffs are a negative story for us,” he noted.
Denys Morozov added that the tariffs imposed by the United States also threaten production volumes at the company’s pipe plant Interpipe Niko Tube in Nikopol, which is officially recognized as a combat zone. The plant is caught between two pressures – on one side, Russian shelling, and on the other – Trump's tariffs.
“However, people are working and producing goods, including for the US and the EU. The resilience of Ukrainians is truly impressive,” he emphasized.
The First Deputy CEO of Interpipe pointed out that despite the threat of tariffs and quotas, the company has opportunities to maintain and grow its presence in the US and European markets. The key factor is R&D: the development, adaptation, and production of new types of pipe products.
“In the three years we had duty-free trade with the EU, we made many investments and mastered about 250 new types of products. ‘Interpipe’ must develop and offer products that our competitors don’t produce,” Denys Morozov explained.
The second advantage, according to him, is the company’s plans to continue investing. For example, a new thermal department worth $40 million has been built in Nikopol, allowing them to offer US clients new products with even higher added value.
