In 2025, the Metinvest mining and metallurgical group reduced steel production by 4% compared to the previous year, to 2.018 million tons. The decline was due to the large-scale war, reduced electricity supply, as well as logistical and economic factors.
According to the group’s annual report, the parent company Metinvest B.V. reported that based on the results of operating activities for Q4 2025 and for the year as a whole, in Q4, pig iron production at Kametstal remained at the level of the previous quarter and amounted to 496,000 tons, while steel production increased by 3% to 564 thousand tons.
At the same time, it is noted that in 2025, pig iron and steel production decreased by 2% and 4%, respectively, compared to the previous year and amounted to 1.782 million tons and 2.018 million tons. The slight decrease was due to the overhaul of blast furnace No. 9 at Kametstal in April-June 2025.
It is also noted that in Q4 2025, the volume of commercial semi-finished products remained almost at the level of the previous quarter and amounted to 271 thousand tons. At the same time, commercial pig iron production decreased by 41% due to increased consumption in subsequent stages, which led to an 8% increase in the output of commercial billets.
In 2025, the output of semi-finished products decreased by 3% compared to the previous year, to 839 thousand tons, due to a decline in steel production and an increase in domestic consumption of billets in subsequent stages of production. At the same time, the output of commercial cast iron doubled and amounted to 84 thousand tons.
In Q4 2025, finished product output grew by 4% compared to the previous quarter and amounted to 613 thousand tons, due to scheduled overhauls at rolling mills in Italy and Bulgaria in August. In particular, flat steel production grew by 10% to 291,000 tons, while long steel production remained almost unchanged at 322,000 tons.
In 2025, finished product output grew by 13% compared to 2024, reaching 2.429 million tons. In particular, flat steel production increased by 20% to 1.107 million tonnes thanks to the resumption of hot-rolled coil production at Ferriera Valsider (Italy) and the efficient operation of Metinvest Trametal (Italy) and Spartan UK (Great Britain). Long product production increased by 7% to 1.322 million tonnes due to increased volumes at Kametstal and the stable performance of Promet Steel (Bulgaria).
In Q4 2025, coke production decreased by 3% compared to the previous quarter to 279 thousand tonnes. Overall, coke production declined by 2% over the past year to 1.100 million tons compared to the previous year due to the decommissioning of coke oven battery No. 1 at Kametstal. This was partially offset by a 23% increase in coke production at Zaporizhzhya Coke Plant to 898,000 tons.
It is also reported that in Q4 2025, total iron ore concentrate production remained almost at the level of the previous quarter and amounted to 3.981 million tons, while the output of commercial iron ore products decreased by 4% to 3.773 million tons. The production of iron ore pellets decreased by 21% to 1.339 million tons due to the temporary shutdown of one of the roasting machines as a result of damage to the power supply systems caused by shelling. As a result, the output of commercial iron ore concentrate increased by 9% to 2.434 million tons.
In 2025, total iron ore concentrate production was comparable to the previous year’s volume and amounted to 15.695 million tons. At the same time, the shutdown of operations at the Ingulets quarry in July 2024 was offset mainly by increased production at the Hannivsk quarry. Production of commercial iron ore products increased by 3% to 15.229 million tons, with commercial pellets increasing by 5% and concentrate production remaining virtually unchanged.
In December 2024, due to the intensification of hostilities and the approach of the front line, the production site of the Pokrovsk Coal Group, located in Donbas, was suspended. Subsequently, against the backdrop of power supply disruptions and a further deterioration in the security situation, the production activities of the mine and enrichment plant were suspended.
In addition, the group is in the final stages of selling United Coal Company (USA). In this regard, the asset was deconsolidated starting with the financial statements for the first half of 2025.
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 US. 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 volume of agricultural production in Ukraine in January 2026 increased by 3.2% compared to the same period last year, according to the State Statistics Service (Gosstat).
According to the agency, the growth was driven exclusively by the livestock sector. Data on crop production for this period is traditionally unavailable.
The main driver was agricultural enterprises, which increased production by 11.9%. The best dynamics in this segment were shown by Vinnytsia (25.7%), Lviv (25.1%), and Kirovohrad (19.7%) regions. Overall, growth was recorded in 18 regions.
However, there was a decline in private households: production volumes fell by 15% compared to January 2025. The largest decline in the private sector was recorded in Zakarpattia (index 54.6%), Donetsk region (60.5%), and Lviv region (75.1%).
In regional terms, the largest decline in all categories of farms was recorded in Donetsk (index 60.5%), Zakarpattia (68.3%), and Chernivtsi (82.9%) regions. At the same time, Vinnytsia (+22.9%) and Lviv (+22.7%) regions became the leaders in overall growth.
As reported, at the end of 2025, agricultural production in Ukraine decreased by 6.8% compared to 2024. The decline in crop production was 7.5%, and in livestock production, 4.1%. Only Chernihiv, Sumy, and Vinnytsia regions maintained positive dynamics over the past year.
According to Serbian Economist, Chinese manufacturer of humanoid robots Agibot plans to start mass production in Serbia in 2026 or 2027, the company’s European director William Shi said after a presentation in Belgrade.
The project will be realized together with a strategic partner, Minth Holdings (a Hong Kong-listed auto component manufacturer). In the first phase, 1,000-2,000 humanoid robots are planned to be produced in Serbia.
Shi noted that robot production includes “hardware” and ‘software’ and the company will need a local contractor in Serbia to create AI data and train models, which effectively means forming a separate segment of the “data industry” around the project.
Agibot was founded in 2023 in Shanghai; its line of humanoid robots includes the Yuanzheng, Lingxi and Genies series. Minth has been present in Serbia since 2018, has facilities in Loznica and Šabac, and provides 3,500 jobs.
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The production of trawls for transporting large-sized cargo in Ukraine in 2025 increased by 18% to 415 units, according to Dmytro Kysilevsky, deputy chairman of the Verkhovna Rada Committee on Economic Development.
“We have achieved good results in the machine-building industry, which we risked losing just a few years ago. Demand generated by farmers, logistics companies, and partly by the state has been transformed into domestic production thanks to the ”Made in Ukraine” policy. The main instruments were localization in public procurement and compensation of 15% of the cost of Ukrainian equipment,” he wrote on Facebook.
Kysilevsky noted that last year, trawls in Ukraine were manufactured by three companies that are actively investing in the development and establishment of exports. Production of a new type of product, modular trawls, has also begun.
At the same time, the MP emphasizes that low-quality Turkish and Chinese trawls are still widely present in defense procurement.
“Bill No. 13392 on localization in defense procurement is designed to correct this. It will extend localization requirements to the procurement of civilian goods by the defense forces, including this type of product,” Kysilevsky wrote.
He recalled that in 2025, the share of the processing industry in the state budget was the largest – 18%, meaning that it is gradually becoming one of the driving forces of the Ukrainian economy.
The “Made in Ukraine” policy for the development of Ukrainian manufacturers combines programs that stimulate production, industrial investment, and non-raw material exports.
As reported, draft law No. 13392, co-authored by Kysilevsky, was adopted by the Verkhovna Rada in the first reading on November 4, 2025.
In particular, the document provides for amendments to the Law “On Public Procurement,” whereby, until December 31, 2032, localization requirements will temporarily apply to defense procurement of civilian goods worth more than UAH 1 million, provided that such goods are included in the list of goods with a confirmed degree of localization of production directly by their manufacturer.
The required level of localization in 2026 is 30% (2025 – 25%).
PJSC Zaporizhkox, one of Ukraine’s largest producers of coke and chemical products and a member of the Metinvest Group, reduced its blast furnace coke production by 19.7% in January this year compared to the same period last year, from 74.4 thousand tons to 59.7 thousand tons.
According to the company, 73.3 thousand tons of coke were produced in December 2025, compared to 76.3 thousand tons in the previous month.
As reported, Zaporizhkox increased its output by 2.7% in 2025 compared to 2024, to 898,300 tons from 874,700 tons.
In 2024, Zaporizhkox increased its production of blast furnace coke by 2.1% compared to 2023, to 874,700 tons from 856,800 tons.
In 2023, Zaporizhkox increased its blast furnace coke output by 16% compared to 2022, to 856.8 thousand tons from 737.4 thousand tons.
Zaporizhkox has a full technological cycle for processing 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 Lviv Locomotive Repair Plant (LLRP), part of Ukrzaliznytsia, increased its production volume by 24.2% in 2025 compared to 2024, to UAH 1 billion 026 million.
According to information in the plant’s interim management report, published in the disclosure system of the National Securities and Stock Market Commission, last year’s production plan was UAH 1 billion 254 million, i.e., it was fulfilled by 82%, while in 2024, 85% of the plan was fulfilled.
As reported, in 2025, the plant planned to repair 17 locomotives compared to 16 in 2024, as well as increase the repair of traction motors and their anchors by 30% to 495 units, and auxiliary electric machines by 19.2% (or 30 units) to 186 units.
At the same time, the production plan for the repair of wheel sets was 450 units, compared to 556 units repaired the year before last.
Founded in 1861, LLRZ is now a large Ukrainian enterprise for the repair of electric locomotives, traction motors, and wheel sets.
As reported, in 2024, the plant increased its net profit by 55% compared to 2023, to UAH 24 million, and its net income by 39%, to UAH 827.7 million.
At the beginning of 2025, the plant employed 846 people (599 of whom were men).
