Metinvest Mining and Metallurgical Group has acquired Tubular Products Iasi S.A. (AMTP Iasi), a pipe plant in Romania controlled by ArcelorMittal S.A. (Luxembourg), from ArcelorMittal. According to information released by the company on Wednesday, the group continues to promote synergy between the metallurgical industries of Ukraine and the EU.
It is specified that on December 16, Metinvest closed a deal to acquire ArcelorMittal Tubular Products Iași, located in the Romanian city of Iași.
The plant produces welded structural pipes for construction, mechanical engineering, infrastructure, and the agricultural sector. Its maximum capacity is 240,000 tons of products per year.
“Even before the war, Metinvest began building bridges between the metallurgical industries of Ukraine and the EU. Therefore, the new plant is a unique opportunity for us to keep two enterprises busy at once – in Iași and Zaporizhia. This is part of our contribution to post-war recovery. I am confident that the plant’s products will be in demand not only in the EU, but also in the restoration of Ukraine’s infrastructure and industry damaged by the war,” commented Yuriy Ryzhenkov, CEO of Metinvest, on the completion of the deal.
The enterprise became Metinvest’s first production site in Romania. Negotiations on the acquisition of the plant lasted several months. On November 24, 2025, the group received approval from the European Commission to acquire the asset under the European Union Merger Regulation, and the next day, approval from Romania’s national competition authority following a foreign investment screening procedure.
Metinvest’s enterprises in Ukraine have historically produced large volumes of hot-rolled coils for both the domestic market and export. The location of the asset in Romania, just 600 km from Zaporizhia, allows us to supply up to 180,000 tons of hot-rolled coils produced by Zaporizhstal annually. This will provide the Romanian plant with regular orders and stable operation,” said Metinvest’s Chief Operating Officer Alexander Mironenko.
It is also reported that in 2026, the asset is planned to be integrated into Metinvest’s production and organizational chains. The plant has five pipe mills, two longitudinal cutting lines, and two coating lines. Metinvest will comply with all the terms of the employment contracts with the employees of the enterprise in Iasi.
It should be noted that, in addition to Ukraine and Romania, the group has assets in Italy, Bulgaria, the UK, and the US.
AMTP Iasi is registered in Romania and is actively involved in the production and supply of small welded carbon steel pipes.
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 are SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the management company of the Metinvest Group.
