Business news from Ukraine

Business news from Ukraine

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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“Zaporizhkox” increased coke production by 0.4% in January–May

PJSC Zaporizhkox, one of Ukraine’s largest producers of coke and coke-chemical products and a member of the Metinvest Group, increased its blast furnace coke production by 0.4% in January–May of this year compared to the same period last year, reaching 359,400 tons.

According to the company, 77,700 tons of coke were produced in May, compared to 75,000 tons in the previous month.

“In times of greatest trials, it is not only resources or technology that matter, but the unity of people. We have learned to work in conditions of uncertainty, respond quickly to challenges, support one another, and stay the course together. It is this solidarity that helps us endure, maintain production, and move forward even during the most difficult times,” said Zaporizhkox CEO Oleksandr Bekhter.

As reported, Zaporizhkox increased its output by 2.7% in 2025 compared to 2024—to 898,300 tons, while in 2024, it increased by 2.1% to 874,700 tons from 856,800 tons in 2023.

Zaporizhkox possesses a full technological cycle for the processing of coke-chemical products.

Metinvest is a vertically integrated mining and metallurgical group of companies. Its main shareholders are the SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the management company of the Metinvest Group.

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Ukraine plans to increase biomethane production to 150 mln cubic meters

Ukraine plans to increase biomethane production to approximately 150 million cubic meters by 2026, and a production level of 500 million cubic meters is a realistic goal by 2030, according to a forecast by the Ministry of Economy, Environment, and Agriculture following a meeting with the European Investment Bank

“Ukraine has significant resources for producing biomethane from agricultural waste, livestock byproducts, straw, and sugar beets, which meets European requirements for ‘green’ fuel,” Deputy Minister Taras Vysotsky is quoted as saying in a press release on the ministry’s website.
He emphasized that exports to the EU should become the main driver of market development. The Deputy Minister noted that in 2025, Ukrainian private producers exported over 11.2 million cubic meters of biomethane via Ukraine’s gas transmission system for the first time.

Among the key challenges, he cited integration into the European certification system and the creation of the necessary technical database.
Following the meeting, the parties agreed to continue coordinating their work and further developing priority areas of cooperation in the fields of land reclamation, water resource management, and the development of sustainable agricultural infrastructure, as well as the biomethane sector.

As reported, on April 23, 2026, the government approved the Biomethane Production Development Program for the period up to 2035, which calls for increasing production to 2.1 billion cubic meters over 10 years.

According to data from the “Gas Transmission System Operator of Ukraine” (GTSOU), as of early February 2026, the declared capacity of biomethane producers in Ukraine, based on issued technical specifications for connection to the gas transmission system, stood at 11,000 cubic meters per hour, which equaled 96 million cubic meters per year.

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