Business news from Ukraine

Business news from Ukraine

Ukraine Increased Copper Imports by 13.3% in January–August

In January–August of this year, Ukrainian companies increased their imports of copper and copper products by 13.3% in monetary terms compared to the same period last year—to $139.044 million.

According to statistics released by the State Customs Service of Ukraine, exports of copper and copper products rose by 22.7% over the eight-month period, reaching $75.529 million.

In August, copper imports totaled $15.771 million, while exports totaled $9.646 million.

As previously reported, in 2025, Ukrainian companies increased imports of copper and copper products by 23.2% in monetary terms compared to 2024—to $173.453 million—while exports of copper and copper products rose by 17.7%—to $103.848 million.

Copper is widely used in electrical engineering, in the manufacture of pipes, for creating alloys, in medicine, and in other industries.

Previously, the Experts Club information and analytical center released a video on global copper production and leading producing countries – https://youtube.com/shorts/_h8iU50z8C0?si=a-XkgGEfeUxseQNa

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Ukraine Reduced Pig Iron Production by 14.8% in January–August

Ukrainian steelmaking companies reduced pig iron production by 14.8% in January–August of this year compared to the same period last year, down to 4.350 million metric tons.

According to data from the “Ukrmetallurgprom” association, 257,100 metric tons of pig iron were produced in August, 432,200 metric tons in July, 670,600 metric tons in June, 634,400 metric tons in May, in April—554 thousand metric tons, in March—690.2 thousand metric tons, in February—561.9 thousand metric tons, and in January—549.9 thousand metric tons.

In 2025, Ukraine’s steel companies increased pig iron production by 11.2% compared to 2024, reaching 7.884 million metric tons.

In 2024, Ukraine increased pig iron production by 18.1% compared to 2023, reaching 7.090 million metric tons. In 2023, pig iron production fell by 6.1% to 6.003 million metric tons, and in 2022, it fell by 69.8% to 6.391 million metric tons.

In 2021, before the war, 21.165 million metric tons of pig iron were produced, or 103.6% of the 2020 level.

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“Zaporizhstal” Reduced Rolled Steel Output by 19.1% Over Eight Months

The Zaporizhzhia Metallurgical Plant “Zaporizhstal” reduced its rolled steel output by 19.1% in January–August of this year compared to the same period last year—to 1,488,700 metric tons from 1,839,300 metric tons.

According to the company’s press release, steel production for the first eight months of the year totaled 1,681,700 metric tons (compared to 2,105,500 metric tons in January–August 2025), while pig iron production totaled 1.816 million metric tons (compared to 2,339,200 metric tons).

In August, Zaporizhstal produced 42,400 metric tons of pig iron and 46,200 metric tons of steel, and shipped 45,000 metric tons of rolled steel, whereas in the previous month it produced 301,200 metric tons of pig iron, 284,900 metric tons of steel, and shipped 243,700 metric tons of rolled steel.

“The significant decline in production was the result of a hostile attack on August 11, 2026, which damaged the power facilities and infrastructure of Metinvest’s Zaporizhzhia enterprises, including the main and auxiliary blast furnace production facilities of the plant. This led to a complete shutdown of Zaporizhstal.” The

Russian army attacked the shut-down Zaporizhstal again on August 27, 2026, targeting equipment in the blast furnace shop, power and transportation infrastructure, and open areas. “This is yet another indication that Russian troops are systematically striking civilian industrial infrastructure and the people who work there,” the press release states.

As previously reported, in 2025, Zaporizhstal increased its rolled steel output by 15.2% compared to the previous year—to 2,794,600 metric tons from 2,426,700 metric tons. Steel production totaled 3,212,200 metric tons (compared to 2,890,800 metric tons in 2024), and pig iron production totaled 3,567,800 metric tons (compared to 3,106,300 metric tons).

In 2024, Zaporizhstal increased its rolled steel output by 18.1% compared to 2023—to 2,426,700 metric tons from 2,054,700 metric tons—and its steel output by 17.2%, to 2,890,800 metric tons, and pig iron by 14.2%, to 3,106,300 metric tons.

“Zaporizhstal” is one of Ukraine’s largest industrial enterprises, whose products are in high demand among consumers both in the domestic market and in many countries around the world.

“Zaporizhstal” is a joint venture of the ‘Metinvest’ Group, whose major shareholders are PJSC “System Capital Management” (71.24%) and Smart Steel Limited (23.76%). “Metinvest Holding” LLC is the management company of the “Metinvest” Group.

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Ukraine Reduced Rolled Steel Production by 15.6% in January–August

According to preliminary data, Ukrainian steelmakers reduced their production of total rolled steel by 15.6% in January–August of this year compared to the same period last year, down to 3.592 million metric tons.

According to information from the “Ukrmetallurgprom” association, 269,500 metric tons of rolled steel were produced in August, 382,700 metric tons in July, 599,800 metric tons in June, 537,800 metric tons in May, in April—460,800 metric tons, in March—544,500 metric tons, in February—390,300 metric tons, and in January—406,400 metric tons.

In 2025, Ukraine’s steel companies increased their production of general-purpose rolled steel by 4.8% compared to 2024, reaching 6.521 million metric tons.

In 2024, Ukraine increased its production of general-purpose rolled steel by 15.8% compared to 2023—to 6.222 million metric tons from 5.372 million metric tons. In 2023, total rolled steel production rose by 0.4% to 5.372 million metric tons, while in 2022, it fell by 72% to 5.350 million metric tons.

In 2021, before the war, 19.079 million metric tons of rolled steel were produced, or 103.5% of the 2020 level.

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Ukraine Reduced Steel Production by 12.5% in January–August

Ukrainian steelmakers reduced steel production by 12.5% in January–August of this year compared to the same period last year, down to 4.3 million metric tons.

According to data from the “Ukrmetallurgprom” association, 277,000 metric tons of steel were produced in August, 457,000 metric tons in July, 690,800 metric tons in June, 629,400 metric tons in May, in April—517,300 metric tons, in March—702,300 metric tons, in February—515,000 metric tons, and in January—511,100 metric tons.

In 2025, Ukraine’s steel companies reduced steel production by 2.2% compared to 2024—to 7.409 million metric tons.

In 2024, Ukraine increased steel production by 21.6% compared to 2023—to 7.575 million metric tons. In 2023, steel production fell by 0.6% to 6.228 million metric tons, and in 2022, it fell by 70.7% to 6.263 million metric tons.

In 2021, before the war, 21.366 million metric tons of steel were produced, or 103.6% of the 2020 level.

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“Zaporizhkox” Reduced Coke Production by 9.6% Over Eight Months

PJSC “Zaporizhkox,” one of Ukraine’s largest producers of coke and coke-chemical products and a member of the Metinvest Group, reduced its blast furnace coke production by 9.6% in January–August of this year compared to the same period last year, down to 535,900 metric tons.

According to the company, 38.1 thousand metric tons of coke were produced in August, compared to 63.4 thousand metric tons the previous month and 79.6 thousand metric tons in August 2025.

“The decline in production volumes in August 2026 compared to the same period in 2025 is due to a reduction in coal concentrate supplies to the plant. This is linked to the disruption of operations at Ukrainian Black Sea ports due to the aggressor country’s constant attacks on international merchant vessels, particularly those transporting raw materials for the Ukrainian metallurgical industry,” the press release explains.

As previously reported, in 2025, “Zaporizhkox” increased its output by 2.7% compared to 2024—to 898,300 metric tons, while in 2024, output rose by 2.1% to 874,700 metric tons from 856,800 metric tons in 2023.

“Zaporizhkox” operates a full technological cycle for the processing of coke-chemical products.

Metinvest is a vertically integrated mining group of companies. Its major shareholders are the SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the management company of the Metinvest Group.

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