In 2025, the mining and metallurgical group Metinvest, including its associated companies and joint ventures, transferred UAH 18.7 billion to budgets of all levels in Ukraine, compared to UAH 19.8 billion in 2024.
According to the company’s press release on Monday, the largest amount of deductions was the subsoil use fee in the amount of UAH 4.6 billion, followed by UAH 3.5 billion in single social contributions and UAH 3.2 billion in personal income tax.
In addition, Metinvest’s Ukrainian enterprises paid UAH 1.9 billion in income tax and UAH 690 million in environmental tax last year. At the same time, value-added tax increased by 18% compared to last year’s figures, to almost UAH 2 billion, land fees increased by 10%, to UAH 1.4 billion, and military tax increased almost threefold, to UAH 916 million.
“The war and global challenges have changed the business reality and forced us to work in a new way. But the role of metallurgy remains strategic: it continues to support the economy, provide foreign exchange earnings, and fill the budget. As the largest company in the industry, Metinvest continues to operate, support the regions, and help the army,” said Yuriy Ryzhenkov, CEO of the group.
As reported, in 2024, Metinvest transferred UAH 19.8 billion in taxes and fees to budgets of all levels in Ukraine. In total, during almost four years of full-scale invasion, the group has supported the country’s economy with approximately UAH 74 billion.
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 company are SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the managing company of the Metinvest Group.
The Metinvest mining and metallurgical group has extended its financial assistance program for newlyweds and employees who have had a child until 2026: UAH 5,000 (after tax) to employees who are getting married for the first time and UAH 8,000 (before tax) to employees who have had a child.
According to information released by the company on Thursday, this program has been in place for many years, but was temporarily suspended at the start of the full-scale war and then resumed in May 2024 when the economic situation allowed.
It is specified that since then, more than 900 Metinvest employees have already taken advantage of the financial support program: 593 received financial assistance after the birth of a child, and another 332 employees received assistance in connection with marriage. The total amount of payments for 2024-2025 exceeded UAH 8.4 million.
In 2026, the program will continue under the same conditions. If both newlyweds work at the company, both will receive the payment of their choice.
CEO Yuriy Ryzhenkov recently noted that the number of Metinvest employees has decreased from 113,000 to approximately 50,000 since the start of the war.
As reported, from January 1, 2026, the state payment for the birth of a child has increased to UAH 50,000, and assistance for caring for a child under one year of age has been introduced – UAH 7,000 per month, and for families raising a child with a disability – UAH 10,500.
According to the Ministry of Justice, the number of births in Ukraine in 2025 decreased by 7,900, or 4.5%, compared to 2024, to 168,780, while the number of marriages increased by 10.2%, or 15,380, to 165,590.
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 European countries. The main shareholders of the holding are SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the managing company of the Metinvest Group.
In 2025, the metallurgical enterprises of the Metinvest mining and metallurgical group began production of 11 new types of products, including a joint venture, the Zaporizhstal plant, which mastered the production of three new products.
According to the group’s press release on Tuesday, having operated under conditions of full-scale Russian invasion for almost four years, Metinvest remains the country’s economic and industrial backbone. Overall, during more than a decade of Russia’s war against Ukraine, the group has managed to establish the production of 433 new products.
Last year, the company mastered new positions in the segments of semi-finished products and rolled products (four each), hot-rolled coils and sheets (two), and cold-rolled coils and sheets (one). The lion’s share of new products was produced by the Kametstal and Zaporizhstal plants. One product was mastered by the group’s Bulgarian rolling mill, Promet Steel.
It is specified that Kametstal has established the production of four types of continuously cast billets measuring 335×400 mm from various steel grades used for the manufacture of pipe products.
Zaporizhstal has mastered two types of hot-rolled coils: a new coil size in the S235JR grade (1.8×1045 mm) and products made of S235JRC steel, which is suitable for cold forming by bending and profiling. Both products are manufactured in accordance with European standard EN 10025-2 and are used in the construction and machine-building industries for the production of steel structures, pipes, and closed profiles for structural purposes.
The company has also mastered the production of cold-rolled coils made of S280GD steel, the chemical composition and mechanical properties of which comply with the European standard EN 10346. These products are intended for further processing, profiling, and the application of protective coatings. These coils are used to produce lightweight thin-walled steel structures for construction, load-bearing and decorative elements of facade systems, etc.
The Kametstal plant has also established the production of reinforcing steel for the Polish and Romanian markets. B500SP reinforcement complies with the Polish construction standard and is used to strengthen concrete. B500C reinforcing steel for Romania, which has a similar strength level, is characterized by increased plasticity, which allows it to be used in more complex and earthquake-resistant structures.
In addition, Kametstal has mastered the production of 100 mm diameter grinding balls of the fifth hardness group according to the Ukrainian standard DSTU 8538. They are used in the mining and metallurgical industry for grinding ore, concentrates, or intermediate products in drum-type ball mills.
Last year, the Promet Steel plant began producing reinforcing bars in accordance with the MKS 1021:2019 standard for the North Macedonian market. The product is designed for reinforcing concrete structures and is used in construction. It has a corrugated surface for reliable adhesion to concrete and is suitable for welding, ensuring the strength and safety of reinforced concrete structures.
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 managing company of the Metinvest Group.
As part of Rinat Akhmetov’s Steel Front military initiative, Metinvest provided the 1st Corps of the National Guard of Ukraine (NGU) Azov with a batch of drones worth UAH 214 million, with total assistance for the year reaching UAH 600 million.
According to a statement released by the group on Wednesday, Akhmetov’s Steel Front military initiative delivered another large batch of drones to the 1st Corps of the NGU Azov. The cost of the equipment delivered is 214 million hryvnias. This delivery was the next stage in the Metinvest Group’s systematic support for the corps in 2025.
It is specified that the total amount of aid to the Azov Corps during the year reached UAH 600 million. The funds were used to provide the most critical technological solutions for the front line, as well as logistical and technical support for the units.
‘In 2025, we continued to support the 1st Corps of the National Guard of Ukraine ’Azov” in areas that are critical for combat operations: electronic warfare, UAVs, communications, as well as logistical and technical support. The total amount of this assistance is UAH 600 million,‘ said Alexander Vodoviz, Head of the Office of the CEO of Metinvest.
In turn, the 1st Corps of the National Guard of Ukraine ’Azov” emphasised that this support is very important, as modern warfare requires constant and rapid updating of the technological base.
‘In 2025, the requirements for equipment have increased significantly. REBs, drones, and secure communications determine the success of operations and save the lives of our soldiers,’ said Ivan Ignatiev, deputy commander of the corps for logistics.
Since the start of the full-scale war, Metinvest has reportedly delivered more than 1,500 UAVs to various units of the Ukrainian Armed Forces. Recently, another batch of ‘birds’ was received by the 27th Military Unit of the Ukrainian Ground Forces. The shipment included 200 FPV drones, 30 DJI Mavic FMC drones and 20 DJI Mavic 3T drones with thermal imaging cameras. Earlier, the Azov special forces brigade of the National Guard of Ukraine received a large shipment of vehicles and equipment worth UAH 40 million from Metinvest.
In total, over the course of a year and a half of full-scale war, Metinvest has allocated UAH 2 billion to support the Ukrainian army as part of Rinat Akhmetov’s Steel Front military initiative.
PJSC Zaporizhkox, one of Ukraine’s largest producers of coke and chemical products and part of the Metinvest Group, increased its blast furnace coke production by 2.7% in 2025 compared to 2024, from 874,700 tons to 898,300 tons.
According to the company, 73,300 tons of coke were produced in December, compared to 76,300 tons in the previous month.
As reported, Zaporizhkox increased its blast furnace coke production by 2.1% in 2024 compared to 2023, to 874,700 tons from 856,800 tons.
In 2023, Zaporizhkox increased its output of blast furnace coke by 16% compared to 2022, to 856,800 tons from 737,400 tons.
Zaporizhkox has a complete technological cycle for the processing of coke-chemical products.
Metinvest is a vertically integrated mining group of companies. Its main shareholders are SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the managing company of the Metinvest Group.
The mining and metallurgical group Metinvest plans to expand its product portfolio in terms of DR-rolled products (iron ore direct reduction DR-rolled products – IF-U) for the production of “green” steel and premium raw materials for pig iron production.
According to a press release, as part of this large-scale program to increase DR-pellet production, which Metinvest is launching, the construction of a flotation and finishing complex for the production of concentrate to ensure the quality characteristics of raw materials for DR pellets and the reconstruction of the existing LURGI 552-A pellet production line are expected.
It is reported that on December 1 of this year, Metinvest Sichstal, a group company that implements its strategic investment projects, signed an agreement with the leading Austrian company Primetals Technologies for the development of basic engineering for the reconstruction of the LURGI 552-A production line. This will be the first stage of the roasting machine’s modernization, which is planned to be completed by the end of 2026.
It is noted that the global trend towards “green” metallurgy, the development of steel production in electric furnaces, and changes in consumption in China and the EU are driving demand for high-quality iron ore raw materials (IORM). To strengthen its competitiveness in the global IRR markets, Metinvest intends to improve the quality of the concentrate used in its production.
“The concentrate from Northern GOK has good potential for quality improvement. After enrichment using flotation technology, we will be able to obtain a product with an iron content of at least 70% and a minimum proportion of impurities – silicon and aluminum oxides of no more than 2%. This opens up the possibility of producing high-quality pellets,” said Sergey Pavlish, Deputy Director of Programs at Metinvest Sichstal.
In order to enter the high-margin DR pellet market, along with the enrichment of ordinary concentrate, it is planned to reconstruct the technological line for the production of pellets for the LURGI 552-A roasting machine. This will enable the manufacture of products with improved characteristics that meet consumer requirements and market trends.
As a result of the implementation of the program, which will consist of these two projects, it is planned to produce about 4 million tons/year of DR pellets at the Northern GOK. The possibility of producing BF HQ class pellets is also envisaged. (Blast Furnace High Quality refers to high-quality iron ore pellets specially designed for use in blast furnace (BF) production with a high iron content and low impurity content, making them an ideal raw material for iron (DR) production, capable of ensuring a more efficient and environmentally friendly process – IF-U).
“The design stage will include the use of modern energy-saving technologies. And the new process control system will allow the line to be reconfigured for the production of any of these types of pellets,” explains project manager Andriy Panchenko, whose words are quoted in the report.
Metinvest Sichstal LLC (MSS) is a company within the Metinvest Group for the implementation of highly complex strategic investment projects, established in 2019.
MSS is one of the largest project organizations in Ukraine, capable of implementing large projects, from conceptual design to commissioning. The company’s goal is to implement key projects in the technological strategy of Metinvest Group companies. MCC provides an integrated process from investment idea, engineering, and design to procurement, construction, and commissioning.
Metinvest B.V. (Netherlands) owns a 100% stake in Metinvest Sichstal LLC.
The LLC’s authorized capital is UAH 30.405 million.
Metinvest Sichstal LLC is part of the Metinvest Group, whose main shareholders are System Capital Management (SCM, Donetsk) (71.24%) and the Smart Holding group of companies (23.76%). The managing company of the Metinvest Group is Metinvest Holding LLC.
