Ukrainian metallurgical companies focused on expanding their raw material base in 2025. Despite a slight decline in total steel production, pig iron production showed significant growth, increasing by 11.2% over the year. At the end of the period, pig iron production reached 7.884 million tons, compared to 7.090 million tons in 2024.
This is the second year in a row that pig iron production has grown at a significantly higher rate than other indicators. In December 2025, the company produced 696,200 tons of pig iron. The steady growth in primary raw material production is a key factor in the long-term stability of the industry and indicates investment in the restoration of blast furnace production.
Overall, pig iron production in Ukraine has grown by 31.4% since 2023. This allows metallurgists to reduce their dependence on imported billets and creates a basis for future growth in the production of finished steel and rolled products. However, the industry still has a long way to go to return to its pre-war capacity, when more than 21 million tons of pig iron were smelted in 2021.
The National Bank of Ukraine fined FC Axioma LLC UAH 200,000 for violating currency legislation.
The violations concerned the timing of providing fragments of video archive data at the request of the NBU. A similar fine of UAH 200,000 was imposed on FC Centrofinance LLC for failure to comply with the requirements for equipping a separate unit with a video surveillance system for currency transactions.
Axioma, Centrofinance, FC, FINE, NBU
The Ukrainian metallurgical industry continues to show positive recovery dynamics after a sharp decline due to the full-scale war. At the end of 2025, companies increased their total rolled steel production by 4.8% to 6.521 million tons, compared to 6.222 million tons in the previous year. This marks the second consecutive year of growth after a sharp decline in 2022.
However, statistics for 2025 revealed an ambiguous trend: with an increase in the output of finished rolled products, steel production for the year decreased slightly by 2.2% to 7.409 million tons. Such indicators may indicate the use of imported billets or strategic reserves of raw materials by enterprises. In December 2025, rolled steel production amounted to 554,400 tons, and steel production amounted to 596,700 tons.
Overall, the steel industry is showing resilience and potential for further recovery. Over two years (2024-2025), rolled steel production grew by more than 21% overall, and steel production by 19%. However, production volumes are still significantly lower than pre-war levels: in 2021, Ukraine produced over 21 million tons of steel and 19 million tons of rolled steel, which is three times higher than current figures.
Five sugar factories belonging to the Astarta agro-industrial holding, Ukraine’s largest sugar producer, produced 361,000 tons of sugar during the 2025 sugar season, which is 5% less than in 2024 (380,000 tons), the agro-industrial holding’s press service reported on Facebook on Friday.
According to the information, sugar yield was 15.56% compared to 14.96% a year earlier and exceeded the average in Ukraine, which, according to the National Association of Sugar Producers of Ukraine (NASU) as of January 1, 2026, was 15.19%.
In total, the enterprises processed more than 2.3 million tons of sugar beets grown in the fields of the agricultural holding and in partnership with agricultural producers.
“The season was marked by high product quality that meets the most stringent market requirements,” the agricultural holding said.
It specified that this sugar processing season was the 26th in the company’s history and the 168th for the Zhdanivsky sugar factory within the holding’s structure.
Astarta is a vertically integrated agro-industrial holding operating in eight regions of Ukraine. It includes six sugar factories, agricultural enterprises with a land bank of 220,000 hectares, dairy farms with 22,000 head of cattle, an oil extraction plant in Hlobine (Poltava region), seven elevators, and a biogas complex.
In January-September 2025, Astarta reduced its net profit by 42.2% to EUR43.70 million, and its consolidated revenue decreased by 22.4% to EUR342.78 million.
In 2025, Kametstal Plant, part of Metinvest Mining and Metallurgical Group (Kamensk, Dnipropetrovsk region), carried out a series of important equipment repairs and expanded its product range by seven items.
According to the company, in 2025, despite the obstacles posed by the war, the company continued to operate, develop and support the economic strength of the region and Ukraine.
Thus, despite logistical difficulties and energy instability, Kametstal implemented the most ambitious capital repair programme of the war years, the most important of which were the overhaul of blast furnace No. 9, a complex of overhauls of the main equipment of both converters, the installation of furnace ladle No. 1, MBLZ-1, and major repairs of the section rolling and pipe mill.
It is noted that Kametstal expanded its product range by seven items and once again became the leader among Metinvest’s enterprises. The plant was the first among the group’s enterprises to commission a gas piston power plant to generate its own electricity. This made it possible to increase the energy security of the main production equipment during wartime.
In the converter shop, continuous casting machine (CCM) No. 1 was reconstructed: important electrical equipment, automated control systems, and key equipment of the machine’s drawing and straightening devices were upgraded in two stages. The electrical equipment of CCM No. 2 was also modernised.
In addition, the construction of new above-ground high- and medium-pressure water pipes to support the technological processes of the converter and lime-burning shops in particular was completed and put into operation.
In 2025, the company invested almost UAH 43 million in improving working conditions at the enterprise.
Kametstal is part of the Metinvest Group.
Prices for construction and installation works in Ukraine rose by 5.4% in November 2025 compared to November 2024, according to the State Statistics Service (SSS).
According to the statistics agency, during the period in question, prices rose in all segments of construction compared to November 2024: in residential construction by 5.8% (0.4% compared to October), in non-residential construction by 5.9% (0.9%), and in engineering construction by 4.9% (0.6%).
Overall, in the first 11 months of 2025, prices for construction and installation works increased by 5.8%, with a 6.4% increase in residential construction, a 6% increase in non-residential construction, and a 5.4% increase in engineering construction.
As reported, in 2024, prices for construction and installation works increased by 7.9% compared to the previous year, and in 2023, they grew by 15.8% compared to 2022.
