In January-March 2025, Ukrainian metallurgical enterprises increased pig iron production by 7.2% year-on-year to 1.702 million tons. This was reported by Ukrmetallurgprom.
In March of this year, the company produced 563.2 thousand tons of pig iron, while in February it produced 544.4 thousand tons.
For comparison: In 2024, Ukraine smelted 7.090 million tons of pig iron (+18.1% compared to 2023), and in 2023 – 6.003 million tons (-6.1% compared to 2022). In 2021, the volume was 21.165 million tons.
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In January-February 2025, Ukraine produced 0.9 million tons of milk, which is 3.5% less than in the corresponding period of 2024, according to Infagro, an industry information and analytical agency.
In February, agricultural enterprises produced 1.7% more milk than in February 2024. Given that 2024 was a leap year, the annual growth in February was 5.3%, analysts said.
Experts emphasized that as of March 1, there were 1.15 million cows in Ukraine, which is 8.4% less than on the same date last year. Official figures for the number of cows in agricultural enterprises showed a negative annual trend with a slight decrease of 0.1% by March 1, 2024.
“In April, we can expect stabilization of the milk market due to the growth of overall demand, which means that the rate of decline in purchase prices will slow down, price revisions will become pointwise,” Infagro emphasized.
At the same time, in March 2025, the purchase price of raw milk in Ukraine continued to decline, with prices returning to approximately the level of September 2024. The March price correction was more severe than in February. Competition for raw materials has resumed due to the projected growth in promotional sales of dairy products in the domestic market and increased European demand for Ukrainian goods, especially butter.
Analysts noted that the supply of raw materials in the domestic market continues to grow. New production facilities and new projects in the dairy industry are being launched. Therefore, the pressure on the price of milk is still there.
The average cost of raw materials in March 2025 in agricultural enterprises was 16.6 UAH/kg excluding VAT, which is 5.1% lower than in February, but 15% higher than in March 2024; the cost of raw materials from the population was 10.5 UAH/kg excluding VAT, which is 4.1% lower than in February, but 14% higher than in March 2024.
The range of milk prices at the end of March was mainly from agricultural enterprises – 15.8-17.0 UAH/kg excluding VAT, and from households – 9.5-11.0 UAH/kg excluding VAT.
“The estimated margin of milk production continued to decline in March. The average estimated operating margin in March amounted to 15%, which is 7 points less than in February and 29 points lower than in March 2024,” Infagro summarized.
Zaporozhkoks, one of Ukraine’s largest coke producers and a member of Metinvest Group, reduced its blast furnace coke production by 3% year-on-year to 209.7 thousand tons from 214.8 thousand tons in January-March this year.
According to the company, it produced 74.1 thousand tons of coke in March, while in the previous month it produced 61.2 thousand tons.
As reported, Zaporozhkoks increased its blast furnace coke production by 2.1% in 2024 compared to 2023 – to 874.7 thousand tons from 856.8 thousand tons.
“In 2023, Zaporozhkoks increased its blast furnace coke output by 16% compared to 2022, up to 856.8 thousand tons from 737.4 thousand tons.
“Zaporozhkoks produces about 10% of coke in Ukraine and has a full technological cycle of coke products processing. It also produces coke oven gas and pitch coke.
“Metinvest is a vertically integrated mining group of companies. Its major shareholders are SCM Group (71.24%) and Smart Holding (23.76%), which jointly manage the company.
Metinvest Holding LLC is the management company of Metinvest Group.
In January-February, China reduced steel production by 1.5% year-on-year to 166.3 million tons, according to the country’s State Statistics Office.
Pig iron production decreased by 0.5% to 140.75 million tons.
The State Statistics Office traditionally publishes economic indicators for January and February together to avoid data distortion due to long holidays to mark the Lunar New Year, which can fall in both January and February.
In January-February, China exported 16.97 million tons of steel, up 6.7% year-on-year, according to the State Customs Administration.
As reported, in 2024, steel production in China decreased by 1.7% to 1.005 billion tons.
Ukrainian steelmakers increased production of rolled steel in January-February this year by 6.3% year-on-year, up to 957 thousand tons from 900 thousand tons, according to preliminary data.
According to Ukrmetallurgprom on Saturday, steel production during this period increased by 9.9% to 1.183 million tons, and pig iron production by 8.4% to 1.139 million tons.
In February, the company produced 476.9 thousand tons of rolled products, 571.8 thousand tons of steel, and 544.4 thousand tons of pig iron, compared to 480.2 thousand tons of rolled products, 610.8 thousand tons of steel, and 594.8 thousand tons of pig iron in the previous month.
As reported, in 2024, Ukraine increased production of rolled steel by 15.8% year-on-year to 6.222 million tons from 5.372 million tons. During this period, steel production increased by 21.6% to 7.575 million tons, and pig iron production by 18.1% to 7.090 million tons.
In 2023, Ukraine increased production of total rolled products by 0.4% compared to 2022, to 5.372 million tons, but reduced steel production by 0.6% to 6.228 million tons and pig iron by 6.1% to 6.003 million tons.
In 2022, the country reduced production of total rolled products by 72% compared to 2021 to 5.350 million tons, steel by 70.7% to 6.263 million tons, and pig iron by 69.8% to 6.391 million tons.
In 2021, the company produced 21.165 million tons of pig iron (103.6% compared to 2020), 21.366 million tons of steel (103.6%), and 19.079 million tons of rolled products (103.5%).
Metinvest Mining and Metallurgical Group plans to invest almost UAH 5.7 billion in 2025 to develop its Kryvyi Rih mining and processing plants and UAH 2.5 billion in production at Kametstal (Kamianske, Dnipro region), despite the difficulties of wartime.
According to Yuriy Ryzhenkov, Metinvest’s CEO, this is a record amount in recent years, and a significant portion of it will be used to maintain the efficiency of key equipment and technological processes to ensure stable production.
The group’s press release states that its plants in Mariupol and Avdiivka were damaged by enemy shelling and the cities were occupied. Metinvest has also recently suspended operations at Pokrovske Coal Group due to the changing situation on the frontline, electricity shortages and the deteriorating security situation.
The rest of the Group’s assets in Kryvyi Rih, Zaporizhzhia and Kamianske continue to operate at varying levels of utilization, taking into account security, energy, logistics and economic factors. The priority is to take care of employees, and all of the group’s enterprises in Ukraine have bomb shelters.
The CEO added that over the three years of the full-scale invasion, the group has allocated UAH 8.4 billion to help Ukraine and its citizens, including UAH 4.4 billion for the needs of the army as part of the Rinat Akhmetov Steel Front military initiative.
“From the first day of the full-scale invasion and three years later, we continue to fight for Ukraine. Despite the challenges of wartime, Metinvest has managed not only to survive but also to maintain its status as an export leader, a pillar of the state, and one of the largest donors to the Armed Forces. All of this is thanks to the contribution of every Metinvest employee in Ukraine and abroad. We are united by a common goal – to bring victory closer by all means available. And after that, to become the foundation for post-war reconstruction,” Ryzhenkov said, as quoted by the press service.
It is emphasized that paying taxes is an important contribution to supporting the economy of Ukraine and the frontline regions. As of the end of 2024, Metinvest is the largest taxpayer in the mining and metals industry.
In addition, the Group has set up production for the army, is engaged in mine clearance, has launched mine trawls and allocated resources to purchase equipment, ammunition and machinery for the frontline.
“Metinvest is a vertically integrated group of steel and mining companies. The group’s enterprises are located mainly in Donetsk, Luhansk, Zaporizhzhia and Dnipropetrovs’k regions. The main shareholders of the holding are SCM Group (71.24%) and Smart Holding (23.76%), which jointly manage it.
Metinvest Holding LLC is the management company of Metinvest Group.
