Metinvest Group's 2025 Production Results
Despite the ongoing challenges of the war, Metinvest Group maintained stable production levels in 2025. The company's steel output reached 2.018 million tonnes, a 4% decrease from 2024. Pig iron production declined by 2% to 1.782 million tonnes. However, the output of finished products showed a significant positive trend, increasing by 13% year-on-year to 2.429 million tonnes.
In the fourth quarter of 2025, steel production rose by 3% compared to the previous quarter, reaching 564 thousand tonnes. Flat product output grew by 20% to 1.107 million tonnes, while long product output increased by 7% to 1.322 million tonnes. The production of marketable iron ore products also saw positive momentum, rising by 3% to 15.229 million tonnes. Iron ore concentrate production reached 15.695 million tonnes.
Operational Changes and Strategic Moves
Alongside this stable production, the company implemented several operational changes. The Pokrovska Coal Group production site was idled, and Metinvest is in the final stages of selling its United Coal Company assets in the United States. The financial results of United Coal Company have been deconsolidated from the group's reporting since the first half of 2025. Concurrently, a major overhaul of blast furnace No. 9 at Kametstal was carried out between April and June 2025.
Coke production in 2025 decreased by 2% to 1.1 million tonnes, although output at Zaporizhkoks grew by 23%. One of the coke batteries at Kametstal was also taken out of operation. Since the full-scale invasion began on February 24, 2022, Metinvest has invested over UAH 28 billion in developing its assets and launched the Steel Force initiative to support production continuity. The Ukrainian industrial sector continues to operate under immense pressure, yet companies like Metinvest are finding ways to adapt and sustain core operations.
The situation in Ukraine's industrial heartland remains extremely difficult due to the ongoing conflict. Nevertheless, Metinvest has demonstrated resilience by adapting its operations and maintaining a significant level of production. Its substantial investments in asset development and initiatives like Steel Force indicate the company's commitment not just to preserving but also to enhancing its operational capabilities under wartime conditions.