In January-August 2025, Ukrainian metallurgical enterprises increased pig iron production by 8% compared to the same period last year, to 5.109 million tons.
According to Ukrmetallurgprom, pig iron output in August amounted to 747,500 tons, compared to 621,100 tons in July.
For comparison, in 2024, Ukraine produced 7.090 million tons of pig iron (+18.1%), in 2023 – 6.003 million tons (-6.1%), in 2022 – 6.391 million tons (-69.8% compared to pre-war 2021).
Ukrainian metallurgical companies reduced their total rolled steel production by 1.4% in January-August 2025 compared to the same period last year, from 4.318 million tons to 4.256 million tons.
According to the Ukrmetallurgprom association, 633,200 tons of rolled steel were produced in August, compared to 552,000 tons in July.
As reported, Ukraine increased rolled steel production by 15.8% in 2024, to 6.222 million tons. In 2023, this figure increased by 0.4% to 5.372 million tons, and in 2022, it decreased by 72% compared to 2021.
From September 4 to 6, Riga hosted the leading food industry exhibition Riga FOOD 2025, where the capital was represented by the MADE IN KYIV collective stand. Over three days, 10 food and packaging manufacturers from the capital presented their products on an area of 36 m².
The grand opening of the stand was attended by Anatoliy Kutsevol, Ambassador Extraordinary and Plenipotentiary of Ukraine to Latvia, Maris Sprindžuks, Vice Mayor of Riga, Hanna Starostenko, Deputy Head of the Kyiv City State Administration, and Anatoliy Bahan, Deputy Director of the Department of Industry and Entrepreneurship Development of the Kyiv City State Administration.
The three days of the collective stand’s operation were intense and productive: the stand was visited by a large number of guests, product presentations were held, and lively negotiations and discussions on new prospects for cooperation took place.
Also, on September 5, the exhibition hosted a Business Forum on Ukrainian-Latvian Cooperation, organized by the Ukrainian Chamber of Commerce and Industry and Trade House Ukraina.
The atmosphere of the event confirmed the high level of interest in Ukrainian business and facilitated effective dialogue for the development of partnerships.
“The results of Kyiv’s participation in Riga FOOD 2025 confirm that the capital’s businesses have great export potential and are able to compete in international markets. We see a high level of interest in the products of Kyiv companies and are confident that the contacts established here will grow into lasting partnerships,” said Anatoliy Bagan, Deputy Director of the Department of Industry and Entrepreneurship Development of the Kyiv City State Administration.
The organizers of the Made in Kyiv collective stand are the Department of Industry and Entrepreneurship Development of the Kyiv City State Administration.
Interfax-Ukraine is an information partner.
Launching a financial inclusion bank remains a priority goal and task for the national communications operator JSC Ukrposhta, said its CEO Ihor Smelyansky.
“As the classic said: the goals are clear, the tasks are set – let’s get to work, friends!” he wrote following the results of Ukrposhta’s assessment at the Universal Postal Congress in Dubai, where, according to him, the company lagged far behind other countries in terms of business model compliance – only 21 out of 100 points, although this is more than 9.9 points last year.
“This is because we have not yet launched a financial inclusion bank, and that is why we are lagging behind 87 postal services around the world that have already done so. These are not my words — these are the conclusions of the UPU (Universal Postal Union) experts. At the congress, India Post showed that its bank already has 121 million customers. The Italian Post Office owns up to 80% of all deposits in the country,” Smelyansky said.
As reported, in August, the National Bank announced that Ukrposhta lacked the capital to create a bank.
According to the CEO of Ukrposhta, at the congress in Dubai, the company received the Rising Star Award for the first time for the fastest progress in the Postal Development Index (2IPD).
He specified that the reliability indicator rose from 82.6 to 91 points thanks to the timely delivery indicator of 90%, which has grown to 98% in recent months, and the launch of 24 automated sorting centers.
Smelyansky added that Ukrposhta’s delivery geography indicator jumped from 31.6 to 87.9 points thanks to 100% coverage of Ukraine, including frontline territories, and 192 countries for export, while the business model stability indicator rose from 78.1 to 85.4 points due to the development of mobile infrastructure, satellite communications, and diversification of the vehicle fleet.
As previously reported, in the first half of 2025, Ukrposhta increased its revenue by 5.4% compared to the same period last year, to UAH 6 billion 505.0 million, reducing its net loss by 27.2% to UAH 311.8 million. However, the company ended the first half of this year with a negative capital of UAH 101.6 million compared to UAH 210.2 million at the beginning of the year.
In January-June 2025, PJSC Lekhim-Kharkiv (Kharkiv) reduced its net profit by 6% compared to the same period in 2024, to UAH 28.072 million.
According to the company’s disclosure to the National Securities and Stock Market Commission, net sales revenue for the six months increased by 1.84% compared to the same period in 2024 and amounted to UAH 376.855 million.
As reported, PJSC Lekhim-Kharkiv produced 12.9 million packages of pharmaceutical products in 2024, with sales of its products reaching UAH 761.15 million in 2024, and net income from sales amounted to UAH 766.221 million.
In its report, the company noted that the main market for PJSC Lekhim-Kharkiv is Ukraine, with net income from sales on the domestic market amounting to UAH 564.612 million excluding VAT, or 81.2% of all products sold. At the same time, the company sold products worth almost UAH 50.844 million excluding VAT (7.3% of total sales) in distant foreign countries and UAH 80.207 million (11.5%) in neighboring countries.
In 2024, it supplied products to countries abroad, in particular Iraq and Mongolia, as well as to countries in the near abroad: Azerbaijan, Armenia, Moldova, Turkmenistan, and Uzbekistan.
As reported, in January-June 2024, Lekhim-Kharkiv increased its net profit by 6.9 times compared to the same period in 2023, to UAH 29.894 million. According to the company’s disclosure to the National Securities and Stock Market Commission, net sales revenue in January-June 2024 increased by 46.5% to UAH 369.934 million.
Lekhim JSC is part of the Lekhim pharmaceutical group (Kyiv) and owns 100% of Lekhim-Obukhiv LLC, 98.2% of Lekhim-Kharkiv PJSC, 81% of Technolog PJSC (Cherkasy region), 100% of Lekhim-Vilnius CJSC, and 100% of the foreign representative office of Lekhim in Uzbekistan.
Oil prices continued to rise on Tuesday morning on fears of a reduction in global supplies in the event of new sanctions against Russia.
The price of November Brent futures on the London ICE Futures exchange rose by $0.48 (0.73%) to $66.5 per barrel as of 8:16 a.m. On Monday, the contract rose by $0.52 (0.79%) to $66.02 per barrel.
WTI crude oil futures for October delivery on the New York Mercantile Exchange (NYMEX) rose by $0.44 (0.71%) to $62.7 per barrel. At the end of the previous session, the value of these contracts increased by $0.39 (0.63%) to $62.26 per barrel.
US President Donald Trump said last weekend that he was ready to introduce a second phase of restrictive measures against Russia. Meanwhile, the European Union is discussing a 19th package of sanctions against Russia, which will affect a number of banks and energy companies, Bloomberg writes, citing sources. According to them, some of the measures may be agreed with the US for the first time since Trump became president.
Meanwhile, ministers from eight OPEC+ countries participating in voluntary oil production cuts agreed last weekend to increase production in October by 137,000 bpd. This will be the first step in a partial return to the market of voluntary restrictions of 1.65 million bpd, which were to remain in effect until the end of 2026.
“The market priced in the production increase last week and is now watching to see if global fuel inventories start to rise, which could mean a reduction in spare production capacity in the future,” said Rebecca Babin of CIBC Private Wealth Group. “Such a rally, driven by a sense of relief, may briefly slow down the bearish trend, but only for a few days.”
