Metinvest Aims to Merge with European Steel Industry After War

Post-War Ambitions for the Metinvest Group

According to Главком: Following the end of hostilities, the Metinvest Group intends to launch investment projects, strengthen global alliances, and become part of Europe’s steel sector. Ildar Saliev, the company’s Director of Strategy and Business Development, outlined these goals during the UP 100 Business: 20 Years of Economic Truth forum, where he also detailed the firm’s roadmap through 2040.

Since the start of the full-scale invasion, Metinvest has poured nearly 40 billion UAH into upgrading its facilities. By the close of 2025, the company had generated over 150 billion UAH in export revenue. Through Rinat Akhmetov’s Steel Front initiative, which supports Ukraine’s defense forces, Metinvest has facilitated allocations exceeding 7.3 billion UAH. The group operates plants in Ukraine, Bulgaria, Romania, Italy, and the United Kingdom, underscoring its multinational footprint.

Financial Milestones and Strategic Direction

During the first quarter of 2026, Metinvest paid 4.3 billion UAH in taxes and duties. From the onset of the full-scale war through Q1 2026, the group’s total tax contributions reached nearly 78 billion UAH. Since February 24, 2022, the company has invested more than 28 billion UAH, highlighting its commitment to bolstering Ukraine’s economy.

Metinvest’s development strategy spans multiple timeframes, from tackling immediate challenges to long-term planning through 2040. The company aims to evolve into a modern European steelmaker, focusing on green steel production and electric arc furnace technology, while integrating into global supply chains.

The Metinvest Group’s post-war plans signal its ambition to become a key player in the European steel market.

Investments in cutting-edge technologies and green steel production could improve environmental outcomes and accelerate the shift toward sustainable manufacturing. The long-term outlook to 2040 reflects a strategy that not only addresses current hurdles but also prepares for future shifts in the global economy and environmental standards.

As Metinvest sets its sights on a future in the European steel market, it faces significant challenges, including a sharp reduction in investments due to ongoing conflict and EU trade barriers. For a deeper understanding of how these factors have influenced Metinvest's financial strategies, read about the dramatic cut in investments the company has had to implement.