Seversky Pipe Plant

Seversky Pipe Plant is one of the oldest Ural plants. It was founded in 1739. Included in the Pipe Metallurgical Company.

The main products of the Seversky Pipe Plant are hot-rolled and electric welded steel pipes, both round and profile. STZ pipes are widely used in the oil and gas industry, in the construction of pipelines for various purposes, in mechanical engineering, construction, utilities, and in the production of furniture.

Seversky Pipe Plant

Performance indicators

2024: Revenue growth 0.8% to ₽77,43 billion

The revenue of the Seversky Pipe Plant in 2024 increased by 0.8% and reached ₽77,43 billion. This is evidenced by the financial statements published on March 6, 2025. Despite revenue growth, the company's net profit under RAS decreased 140 times and amounted to ₽17,1 million, which is significantly lower than in 2023. The plant is part of the Pipe Metallurgical Company (TMK).

According to Finmarket, the increase in the cost of production amounted to 3.9%, which negatively affected the company's final financial performance. The company's statements do not provide comments on the dynamics of the main financial indicators.

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Фото: Freepik

One of the main factors that affected the decline in profits was the increase in interest payable. These expenses, formed mainly on loans and borrowings, increased 1.5 times - from ₽2,1 billion in 2023 to ₽3,3 billion in 2024. At the end of the reporting period, the share of borrowed funds with a floating interest rate amounted to 88.3% of the total loan portfolio of the enterprise.

According to published materials, the Seversky Pipe Plant in 2024 reduced investments in projects for the reconstruction and modernization of production by 8.2%, to ₽2,93 billion. This may indicate a revision of the investment strategy of the enterprise in the context of an increase in the credit burden.

STZ accounts receivable increased from ₽14,5 billion as of December 31, 2023 to ₽21,18 billion as of December 31, 2024. At the same time, accounts payable increased - from ₽36,7 billion to ₽40,73 billion over the same period.

Seversky Pipe Plant, founded in 1739, is one of the oldest metallurgical enterprises in Russia. The main products of the plant are hot-rolled and electric welded steel pipes, both round and profile. The company's products are widely used in the oil and gas industry, in the construction of pipelines for various purposes, in mechanical engineering, construction and utilities.^[1]

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