From February 2022 to February 2026, the IDS Ukraine Group of Companies allocated 875 million UAH of its own funds to business development, the company’s CEO, Marko Tkachuk, said in an interview with Interfax-Ukraine. External financing was virtually unavailable to the group during this period.
Of the total amount, 161 million UAH was invested in equipment upgrades, 220 million UAH in the refrigerated fleet, and 87 million UAH in infrastructure projects.
The largest single area of investment was digital transformation and software, in which the company invested 363.4 million UAH.
IDS Ukraine invested another 43.6 million UAH directly in ensuring the energy independence of its facilities. A powerful generator was installed at the plant in Morshyn, and a solar power plant was built in Myrhorod. The company’s total in-house power generation capacity reached 1.6 MW.
Even with backup capacity, it is not yet possible to completely replace the centralized power supply. In Myrhorod, during a blackout, one or two of the four power lines may remain operational, and at the “Oskar” plant in Morshyn, one of the five lines may remain operational. This allows production of the most in-demand drinking water to continue even during prolonged outages.
Separately, IDS Ukraine has invested 9.2 million UAH in providing backup power to schools and kindergartens in Myrhorod and the Morshyn community. The project covers educational institutions attended by more than 6,000 children. The company announced that this program will be completed on August 31, 2026.
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.
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.
METALLURGY, PRODUCTION, ROLLED STEEL, UKRAINE, UKRMETALLURGPROM
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.
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.
Ferrexpo, a mining and ore processing company with its main assets in Ukraine, announced the resumption of production at its facilities in Ukraine.
“We are pleased to resume production in Ukraine, and I would like to thank our team, which has once again demonstrated its dedication and determination by ensuring the resumption of operations over the weekend,” said Ferrexpo’s interim CEO, Lucio Genovese.
According to a press release, following the raising of $100 million, which was announced on September 4, 2026, the company took the necessary steps over the weekend, and production was resumed using one pellet production line.
Given the numerous documented incidents of attacks on ports and ships in the Black Sea, the company plans to focus on exporting products to customers in Europe, according to a Ferrexpo stock exchange announcement on Monday.
As reported in early August, Ferrexpo suspended production in Ukraine amid the constant threat of Russian attacks in and around Ukrainian ports in order to preserve working capital.
As of June 30, 2026, the group’s net cash position (excluding lease obligations) stood at approximately $21 million, compared to $25 million as of March 31, 2026, and $47 million as of December 31, 2025.
Ferrexpo owns a 100% stake in Yeristovsky GOK LLC, a 99.9% stake in Bilanovsky GOK LLC, and 100% of the shares in Poltava GOK PJSC.
The London Stock Exchange (LSE) suspended trading in Ferrexpo shares in May due to the company’s inability to publish its annual financial statements on time.
