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.
“Ukrnafta” is preparing for the fall-winter period amid ongoing Russian attacks on civilian oil and gas production infrastructure.
Bogdan Kukura, Chairman of the Board of Ukrnafta, and Serhiy Fedorenko, Acting Chairman of the Board of Naftogaz of Ukraine, visited Ukrnafta’s production units in northern and eastern Ukraine.
“The main focus is on people’s safety and the protection of production facilities. Our top priority is to safeguard our personnel and minimize the consequences of possible attacks,” said Bogdan Kukura, Chairman of the Board of JSC “Ukrnafta.”
During the visit, they inspected shelters for employees, warning systems, and the availability of personal protective equipment. They also specifically checked the security status of production facilities and the units’ readiness for operations during the fall and winter months.
The company continues to strengthen security measures and prepare its production infrastructure to operate under conditions of constant threats. The primary objective is to protect people and ensure the stable operation of production facilities.
JSC “Ukrnafta” is Ukraine’s largest oil producer and operates the country’s largest national network of gas stations—UKRNAFTA. In 2024, the company began managing Glusco’s assets. In 2025, it finalized a deal with Shell Overseas Investments BV to acquire the Shell network in Ukraine. In total, it operates nearly 700 gas stations.
The company is implementing a comprehensive program to resume operations and modernize the format of the gas stations in its network. Since February 2023, it has been issuing its own fuel vouchers and “NAFTACard” cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.
The largest shareholder of Ukrnafta is NJSC Naftogaz of Ukraine, with a stake of 50% + 1 share.
In November 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer to the state the portion of the company’s corporate rights that belonged to private owners; this portion is now managed by the Ministry of Defense.
