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 2.97% in January–July of this year compared to the same period last year, down to 497,750 metric tons.
According to the company, 63.4 thousand metric tons of coke were produced in July, compared to 74.9 thousand metric tons the previous month and 78.9 thousand metric tons in July 2025.
“Among the main factors that contributed to the decline in production volumes in July 2026 compared to the same period in 2025 were a decrease in coal concentrate shipments due to the blockade of Ukrainian Black Sea ports caused by the aggressor country’s constant attacks on international merchant vessels, particularly those carrying 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 and metallurgical 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.
PJSC “Ingulets Mining and Processing Plant” (Ingulets, Kryvyi Rih, Dnipropetrovsk Oblast), a member of the Metinvest Group, reported a 2.9-fold increase in its net loss for January–June of this year—to 2,485.774 million UAH from 858.314 million UAH in the same period last year.
According to the company’s interim report, which is available to the “Interfax-Ukraine” agency, income from ordinary activities for this period amounted to 302 thousand UAH, which was generated in Q1 2026.
Retained earnings as of the end of June amounted to 4,282.214 million UAH.
“For the first half of 2026: PJSC ”Inguzk” produced 0 million metric tons of commercial concentrate; 0.0 million metric tons of ore were mined; the volume of overburden removal work amounted to 0.0 million cubic meters. In the first half of 2026, the company sold finished products worth 302 thousand UAH,” the management report states.
As previously reported, based on its performance in January–March of this year, InGZK saw its net loss increase 5.4-fold—to 1 billion 397.987 million UAH from 259.450 million UAH in the same period last year. Revenue from ordinary operations for this period amounted to 302,000 UAH, whereas in 2024 there was none.
In 2025, IngZK increased its net loss by a factor of 7.1, to 9,297,362 million UAH, while income from ordinary activities for the past year amounted to 40,300 UAH, compared to 7,793,635 million UAH in 2024.
Ingulets GOK ended 2024 with a net loss of 1 billion 317.997 million UAH, whereas in 2023 it amounted to 167.236 million UAH. The plant ended 2022 with a net loss of 851.259 million UAH, whereas in 2021 it reported a net profit of 20 billion 446.101 million UAH. In 2020, Ingulets Iron Ore Plant saw its net profit decline by 75.3% compared to the previous year, down to 1.5 billion UAH.
The company specializes in the mining and processing of iron-bearing quartzites from the Ingulets deposit, located in the southern part of the Kryvyi Rih iron ore basin. It produces iron ore concentrate. The company’s production capacity is 14 million metric tons of iron ore concentrate per year.
Metinvest B.V. (Netherlands) owns 100% of the shares in PJSC “Ingulets Iron Ore Mining and Processing Plant.”
The authorized capital of PJSC “Ingulets Iron Ore Mining and Processing Plant” is 689.906 million UAH, and the par value of each share is 0.25 UAH.
IngZK is part of the Metinvest Group, whose main shareholders are PJSC “System Capital Management” (SCM, Donetsk, 71.24%) and the “Smart-Holding” group of companies (23.76%). The management company of the Metinvest Group is Metinvest Holding LLC.
Metinvest, Ukraine’s largest mining and metallurgical holding company, increased steel production by 13% in January–June 2026 compared to the same period last year—to 1.026 million metric tons—and pig iron production by 18%, to 934,000 metric tons.
According to a press release from the parent company, Metinvest B.V., published on July 31, in the second quarter, pig iron production at Kametstal rose by 13% compared to the previous quarter—to 496,000 metric tons—while steel production increased by 26%, to 572,000 metric tons. This growth was driven by the stabilization of the power supply since March 2026.
In addition, the first-half figures were compared to a relatively low base from last year, when blast furnace No. 9 was shut down for major repairs in April–June.
Production of commercial semi-finished products in the first half of the year increased by 19% to 357,000 metric tons. Production of commercial pig iron more than doubled to 64,000 metric tons, while production of billets rose by 6% to 293,000 metric tons.
Production of finished steel products increased by 6% to 1.303 million metric tons. Output of long products rose by 6% to 717,000 metric tons, thanks to increased production volumes at Kametstal and the Bulgarian company Promet Steel.
Production of flat rolled products decreased by 1% to 545,000 metric tons. Specifically, output of hot-rolled coils fell by 9%, and that of galvanized cold-rolled coils by 2%, while production of hot-rolled heavy plate remained virtually unchanged at 431,000 metric tons.
Pipe output totaled 41,000 metric tons following the group’s acquisition of the Romanian company Metinvest Tubular Iași in December 2025.
In the second quarter, finished product output fell by 3% compared to the first quarter, to 642,000 metric tons. This was due to a 13% decline in flat-rolled steel output caused by a temporary shutdown of the rolling mill at the Italian company Ferriera Valsider in March–May.
Coke production in the second quarter rose by 9% to 279,000 metric tons following the stabilization of coal supplies. For the first half of the year, the figure remained at the same level as the corresponding period last year, totaling 535,000 metric tons.
Metinvest is a vertically integrated group of mining and metallurgical companies. The group’s production assets are located in Ukraine, European Union countries, and the United Kingdom. The main shareholders are the SCM Group, with a 71.24% stake, and Smart Holding, with a 23.76% stake.
Metinvest Group’s mining companies reduced iron ore pellet production by 17% in January–June 2026 compared to the same period last year, down to 2.717 million metric tons.
The decline was due to a temporary shutdown of one of the sintering machines in the first quarter caused by damage to the power supply system. The equipment resumed operations in April, according to the group’s official operating report published on July 31.
Production of pellets with an iron content of at least 65% decreased by 19% to 2.629 million metric tons. Output of pellets with an iron content of less than 65% more than doubled to 88,000 metric tons.
Total iron ore concentrate production in the first half of the year amounted to 7.763 million metric tons, remaining virtually unchanged from 7.725 million metric tons a year earlier.
The descriptive section of the official PDF erroneously states 7.263 million metric tons. However, the report’s table and the press release page list 7.763 million metric tons. This figure is also confirmed by the combined production volumes for the first and second quarters—3.882 million metric tons each.
Output of marketable iron ore products decreased by 5% to 7.144 million metric tons. At the same time, production of marketable iron ore concentrate increased by 4% to 4.427 million metric tons.
Production of concentrate with an iron content of less than 67% rose by 10% to 4.075 million metric tons, while production of high-quality concentrate with an iron content of at least 67% fell by 34% to 352,000 metric tons.
In the second quarter, production of commercial iron ore products increased by 3% compared to the first quarter, reaching 3.624 million metric tons. Pellet production rose by 10% to 1.422 million metric tons, while production of commercial concentrate decreased by 1% to 2.202 million metric tons.
PJSC “Central Mining and Processing Plant” (CMPP, Dnipropetrovsk Oblast), a member of the Metinvest Group, reported a 17.8% reduction in its net loss for January–June of this year—to 940.865 million UAH from 1 billion 144.522 million UAH in the same period last year.
According to the company’s interim report, which is available to the “Interfax-Ukraine” agency, revenue from ordinary operations for this period increased by 11.8% to 9 billion 4.528 million UAH.
Retained earnings as of the end of June amounted to 2 billion 161.850 million UAH.
As previously reported, TsGZK’s net loss for the first three months of 2026 increased by 20.9%—to 468.466 million UAH from 387.594 million UAH in the same period last year. Revenue from ordinary operations for this period decreased by 3%—to 4.406260 billion UAH.
In 2025, TsGZK saw its net loss increase 5.3-fold, to 3,428.076 million UAH from 648.004 million UAH in 2024. At the same time, revenue from ordinary operations for the past year rose by 1%—to 15,988.004 million UAH.
The plant ended 2024 with a net loss of 648.004 million UAH, whereas in 2023 it amounted to 1 billion 326.661 million UAH. In 2022, the company saw its net profit drop by more than four times, to 2,117.831 million UAH from 8,919.978 million UAH in 2021. In 2020, TsGZK increased its net profit by 8.7% compared to the previous year, reaching 1.601 billion UAH.
TsGZK is one of Ukraine’s five largest producers of mining raw materials and specializes in the extraction and production of iron ore (concentrate and pellets). The average number of full-time employees is 3,360.
Metinvest B.V. owns 100% of the shares in TsGZK.
The authorized capital of PrJSC “TsGZK” is 296.635 million UAH, and the par value of each share is 0.25 UAH.
TsGZK is part of the Metinvest Group, whose major shareholders are PJSC “System Capital Management” (SCM, Donetsk) (71.24%) and the “Smart-Holding” group of companies (23.76%). The management company of the Metinvest Group is Metinvest Holding LLC.
The Central, Ingulets, and Northern Mining and Processing Plants (MPPs) of the Metinvest Mining and Metallurgical Group, which were reorganized into the United Mining and Processing Plant (UMPP), produced 16.7 million metric tons of ore, 7.8 million metric tons of concentrate, and 2.8 million metric tons of pellets during the January–June period of this year.
According to the company, the United Mining and Processing Plant exceeded its operational efficiency targets in the first half of the year.
It is noted that the first six months of 2026 served as a true test of resilience for the United Mining and Processing Plant. The enterprises operated under conditions of power supply restrictions, a shortage of railcars, technological challenges, and hostile attacks on production infrastructure. Despite this, thanks to the coordinated efforts of all departments, the company managed to ensure stable production, promptly repair damaged equipment, and exceed its operational efficiency targets.
“This result was driven by three key factors: the implementation of investment decisions—with the development of gas-fired power generation and measures to reduce the stripping ratio yielding the greatest impact—and the adoption of effective production practices. In particular, conducting blasting operations in-house at two open-pit mines and the systematic efforts of teams to reduce production costs,” the statement notes.
As previously reported, the United Iron Ore Mining and Processing Plant has iron ore reserves totaling 2.3 billion metric tons. According to Eduard Bespoyasko, chief geologist and head of the group’s mining department, even at 100% of the plants’ design capacity, reserves will last for at least half a century.
Metinvest is a vertically integrated group of mining and metallurgical enterprises. Its facilities 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 holding company’s main shareholders are the SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the management company of the Metinvest Group.
CONCENTRATE, METINVEST, mining and processing plants, ORE, PELLETS
