Business news from Ukraine

Business news from Ukraine

DAZ to Allocate 2025 Profits to Production Development

JSC “Dnipropetrovsk Aggregate Plant” (DAZ, Dnipro) plans to allocate its 2025 net profit to production development and does not plan to pay dividends.

This information is contained in the published draft resolutions of the company’s general meeting of shareholders, scheduled for July 1.

As reported, in 2025, DAZ increased its net profit by 15.3% compared to the previous year, reaching UAH 84.5 million.

The plant also did not pay dividends from the 2024 net profit of UAH 73.3 million, instead directing it toward development.

At the meeting, shareholders plan, in particular, to appoint Audit-Invest LLC as the auditor of the company’s financial statements for the 2021–2025 period.

DAZ is a company with many years of experience in manufacturing aviation equipment, as well as hydraulic equipment for mines and general-purpose products (fuel and other liquid pumps).

According to data from the National Securities and Stock Market Commission for the first quarter of 2026, Supervisory Board Chairman Yevhen Morozhenko owns nearly 37.95% of the company’s authorized capital, while Board member Andriy Yatsuba and shareholder Volodymyr Yatsuba each own nearly 19.185%.

Last year, the plant increased its net sales revenue by 77% to UAH 491.5 million. As of April 2026, the plant employed 338 people.

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Ukraine reduced pig iron production by 0.6% in January–May

Ukrainian steelmakers reduced pig iron production by 0.6% in January–May of this year compared to the same period last year, down to 2.990 million tons.

According to data from the Ukrmetallurgprom association, 634,400 tons of pig iron were produced in May, 554,000 tons in April, 690,200 tons in March, in February—561,900 tons, and in January—549,900 tons.

As reported, Ukraine’s metallurgical enterprises increased pig iron production by 11.2% in 2025—to 7.884 million tons.

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

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

The Experts Club Information and Analytical Center recently presented a video analysis of the top 20 steel-producing countries – https://youtube.com/shorts/j7Yev2HCS4o?si=lfmGJ5jrx8036z1U

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Ukraine reduced rolled steel production by 6.7% in January–May

Ukrainian steelmakers reduced total rolled steel production by 6.7% in January–May of this year compared to the same period last year, down to 2.340 million tons.

According to data from the Ukrmetallurgprom association, 537,800 tons of rolled steel were produced in May, 460,800 tons in April, 544,500 tons in March, in February—390,300 tons, and in January—406,400 tons.

As reported, Ukraine’s steel companies increased total rolled steel production by 4.8% in 2025 compared to 2024—to 6.521 million tons.

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

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

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Ukraine reduced steel production by 6.12% in January–May

Ukrainian steelmakers reduced steel production by 6.12% in January–May of this year compared to the same period last year, down to 2.875 million tons.

According to data from the Ukrmetallurgprom association, 629,400 tons of steel were produced in May, 517,300 tons in April, 702,300 tons in March, in February—515,000 tons, and in January—511,100 tons.

As reported, Ukraine’s steel companies reduced steel production by 2.2% in 2025—to 7.409 million tons.

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

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

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Ukraine increased pig iron production to 7.9 mln tons in 2025 – Worldsteel

According to data from Worldsteel’s annual compendium, Ukraine produced 7.9 million tons of pig iron in 2025, up from 7.1 million tons in 2024.

Pig iron exports from Ukraine rose to 2 million tons last year, compared to 1.3 million tons in 2024.

Apparent pig iron consumption in Ukraine in 2025 amounted to 5.9 million tons, compared to 5.8 million tons a year earlier.

According to Worldsteel, against the backdrop of rising pig iron production, steel output in Ukraine in 2025 fell to 7.4 million tons from 7.6 million tons in 2024. By this measure, Ukraine ranked 23rd in the world, down from 22nd a year earlier.

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Ukraine allocates $45–50 bln annually to weapons production

Ukraine allocates $45–50 billion annually to weapons production, and funding for the Armed Forces is secured, stated Ukrainian President Volodymyr Zelenskyy.

“Ukraine is currently allocating $45–50 billion annually to weapons production. We have managed to reach what I consider to be a very high level. We have the funds to finance the Armed Forces of Ukraine. We must ensure precisely this sufficient level of funding for both production and the army, and not just for now, for these years, but for the long term,” Zelenskyy said at a press conference with NATO Secretary General Mark Rutte on Wednesday.

The head of state noted that Ukraine is working to provide “this level of funding, unprecedented in our history,” exclusively for all types of domestically produced weapons.
On April 20, Zelenskyy stated that Ukraine is investing $30 billion in the defense industry for 2026, but the defense sector is ready to produce $60 billion worth of goods.

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