The mining and metallurgical group Metinvest has allocated UAH 9.72 billion to support the state and its citizens, including UAH 5.2 billion for the army’s needs as part of Rinat Akhmetov’s Steel Front military initiative, according to the company’s CEO Yuriy Ryzhenkov.
“In the context of full-scale war, Metinvest has mobilized all its resources to preserve its workforce and protect the state. For more than three and a half years, our priority has been to help the army. After all, the future of the state, industry, Ukrainian cities, and families depends on the army’s defense capabilities. During this time, Metinvest has allocated UAH 5.2 billion to the needs of the defenders as part of Rinat Akhmetov’s Steel Front military initiative. In total, UAH 9.72 billion has been allocated to help Ukraine. We continue to work, believe in the country, and support its people on the path to victory,” said the CEO.
According to the company, despite their proximity to the front line and the threat of enemy shelling, the group’s enterprises in Zaporizhzhia, Kryvyi Rih, and Kamianske continue to operate at varying levels of capacity, taking into account security, energy, logistical, and economic factors.
The company noted that the main value of Metinvest remains the life and health of its employees. All of the company’s enterprises in Ukraine have bomb shelters equipped for long-term stays. The shelters have water, food, and medicine. Employees are trained to provide first aid and respond to emergencies related to military risks.
Despite losing operational control over its assets in Mariupol and Avdiivka and suspending the activities of the Pokrovsk Coal Group, Metinvest remains one of Ukraine’s largest exporters.
Even during the war, Metinvest is investing in major repairs and equipment upgrades. In particular, Kametstal is implementing a record program worth over UAH 2.5 billion this year.
Metinvest also continues to pursue a green transformation of its production. Together with its partners, the company has announced the construction of a modern metallurgical plant in Italy. It will consume Ukrainian iron ore and metallurgical raw materials, ensuring synergy between Ukraine and the EU.
The group is investing in energy independence. In July 2025, two new gas-fired power generators began operating at Northern GOK. In two months of operation, the units generated 1,040 MWh of electricity, which brought an economic effect of UAH 2.3 million. In total, four such units are planned to be installed at Northern GOK.
The company states that it remains one of the largest taxpayers in Ukraine: in 2024, the company transferred UAH 19.8 billion to budgets of all levels. In the first half of 2025, another UAH 9.3 billion was paid to the budget.
Metinvest is a vertically integrated group of mining and metallurgical enterprises. Its enterprises are located in Ukraine – in the Donetsk, Luhansk, Zaporizhzhia, and Dnipropetrovsk regions – as well as in the European Union, the United Kingdom, and the United States. The main shareholders of the holding company are SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the managing company of the Metinvest Group.
