Business news from Ukraine

Business news from Ukraine

“Unisteel” reported net profit of 33 mln UAH in first quarter

The Unisteel LLC plant (Unisteel, Kryvyi Rih, Dnipropetrovsk Oblast), which manufactures galvanized cold-rolled flat steel and is part of the Metinvest Group, reported a net profit of UAH 32.997 million in January-March of this year, compared to a net loss of UAH 90.003 million for the same period last year.

According to the company’s interim report, which is available to the agency “Interfax-Ukraine,” revenue from ordinary activities for this period decreased by 14.6% to UAH 771.729 million.

The accumulated loss as of the end of March amounted to UAH 1.020596 billion.

In 2025, the company reported a net loss of UAH 13.251 million, while revenue from ordinary activities for this period decreased by 10.6% compared to 2024—to UAH 3.259437 billion from UAH 3.648463 billion. Sales volume of finished products in 2025 and 2024 amounted to 108,165 thousand tons and 113,321 thousand tons, respectively.

The number of employees as of the end of 2025 was 99, and as of the end of 2024, it was 144. In 2025, the payroll fund amounted to UAH 38,445,496 thousand.

The LLC ended 2024 with a loss of 363.768 million UAH, while in 2023 this figure was 255.057 million UAH.

The main products manufactured by the plant are galvanized flat-rolled products with a thickness ranging from 0.40 mm to 2.50 mm, a width ranging from 600 to 1,250 mm, and a coating weight (Zn) of 60–275 g/m². The company’s products are supplied to both the Ukrainian and European markets. Poland and Romania are the main export markets for the company’s products.

The Unistil plant for the production of cold-rolled galvanized flat steel with a capacity of over 100,000 tons per year was built between 2007 and 2010. It is equipped with machinery from Dongbu Machinery Co., Ltd. (South Korea).

The authorized capital of Unistil LLC is UAH 6.01 million.

Metinvest is a vertically integrated group of mining and metallurgical enterprises. Its facilities are located in Ukraine—in the Donetsk, Luhansk, Zaporizhzhia, and Dnipropetrovsk regions—as well as in European countries. The holding’s 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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Zaporizhstal reduced rolled steel shipments by 6.3% in January–May

The Zaporizhzhia Metallurgical Plant “Zaporizhstal” reduced rolled steel shipments by 6.3% in January-May of this year compared to the same period last year—to 1.0285 million tons from 1.0973 million tons.

According to the company’s press release on Monday, steel production for the first five months of the year amounted to 1,158,100 tons (1,296,800 tons in January–May 2025), and pig iron production to 1,255,000 tons (1,426,900 tons) .

In May, Zaporizhstal produced 242,100 tons of pig iron and 243,400 tons of steel, and shipped 208,900 tons of rolled steel, whereas the previous month it produced 193,500 tons of pig iron, 156,600 tons of steel, and shipped 159,100 tons of rolled steel.

Other reports indicate that the company has a “Bring a Friend” program, which not only helps acquaintances find stable employment but also strengthens the team with reliable people and provides additional monetary rewards. Since the beginning of the year, 323 new employees have joined the plant’s workforce thanks to employee referrals. A total of 265 Zaporizhstal employees have participated in the program. The total budget for payments since the start of the year has already exceeded 4.7 million UAH.

As reported, in 2025, Zaporizhstal increased its rolled steel output by 15.2% compared to the previous year—to 2,794,600 tons from 2,426,700 tons. Steel production amounted to 3,212,200 tons (in 2024 – 2,890,800 tons), and pig iron production – 3,567,800 tons (3,106,300 tons).

In 2024, Zaporizhstal increased rolled steel output by 18.1% compared to 2023—to 2,426,700 tons from 2,054,700 tons—and steel output by 17.2%, to 2,890,800 tons, and pig iron by 14.2%, to 3,106,300 tons.

Zaporizhstal is one of Ukraine’s largest industrial enterprises, whose products are in high demand among consumers both in the domestic market and in many countries around the world.

Zaporizhstal is a joint venture of the Metinvest Group, whose main shareholders are PJSC System Capital Management (71.24%) and Smart Steel Limited (23.76%). Metinvest Holding LLC is the management company of the Metinvest Group.

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Ukrainian steelmakers reduced rolled steel output by 9.1% in January–April

According to preliminary data, Ukrainian steelmakers reduced their production of rolled steel by 9.1% in January–April of this year compared to the same period last year, down to 1.802 million tons.

According to information from the Ukrmetallurgprom association on Monday, 460,800 tons of rolled steel were produced in April, 544,500 tons in March, 390,300 tons in February, and 406,400 tons in January.

As reported, Ukraine’s steel companies increased total rolled steel production by 4.8% in 2025 compared to 2024, reaching 6.521 million tons.

In 2024, Ukraine increased total rolled steel production by 15.8% compared to 2023—to 6.222 million tons from 5.372 million tons.

In 2023, Ukraine increased total rolled steel production by 0.4% compared to 2022—to 5.372 million tons.

In 2022, the country reduced total rolled steel production by 72% compared to 2021—to 5.350 million tons.

In 2021, before the war, 19.079 million tons of rolled steel were produced (103.5%).

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Zaporizhstal shipped 820,000 tons of rolled steel in January–April

The Zaporizhzhia Metallurgical Plant “Zaporizhstal” increased its rolled steel shipments by 5.3% in January–April of this year compared to the same period last year—to 819,600 tons from 865,700 tons.

According to the company’s press release, steel production for the first four months amounted to 914,700 tons (1,018,900 tons in January–April 2025), and pig iron production to 1,012,900 tons (1,132,400 tons).

In April, Zaporizhstal produced 193,500 tons of pig iron and 156,600 tons of steel, and shipped 159,100 tons of rolled steel, whereas in the previous month it produced 316,400 tons of pig iron, 298,200 tons of steel, and shipped 254,600 tons of rolled steel.

It is explained that the decline in production figures is due to an unscheduled shutdown of the company’s production facilities caused by the Russian army’s attack on the region’s infrastructure. During the forced downtime, a series of repairs and maintenance were carried out on production units and treatment facilities to improve their operational reliability in the future.

Another press release reports that Metinvest’s Zaporizhzhia-based enterprises—Zaporizhstal, Zaporizhkox, Zaporizhrefact, and Metinvest Machinery—paid over UAH 778 million in taxes and fees to budgets at all levels in the first quarter of 2026, increasing payments by 10% compared to the same period in 2025. The largest share of payments traditionally came from the unified social contribution, personal income tax, environmental tax, and military levy.

In addition, it is emphasized that Metinvest’s enterprises consistently remain leaders in terms of taxes paid in Zaporizhzhia. UAH 250 million was allocated to local budgets in the first quarter of this year, which is 7% more than last year. Amid a full-scale war, the group in Zaporizhzhia continues to systematically support the country’s and local communities’ economies. Guided by the principles of social partnership for the sustainable development of the regions where it operates, the Company, together with its enterprises and in dialogue with the community, implements educational projects and veteran programs, and participates in the restoration of infrastructure damaged by shelling.

“Since the start of the full-scale war, Zaporizhstal and other Metinvest enterprises in Zaporizhzhia have contributed over UAH 14 billion to Ukraine’s economy,” noted Taras Shevchenko, acting CEO of the steel plant.

In total, including associated companies and joint ventures, the group paid 4.3 billion UAH in taxes and fees to Ukrainian budgets at all levels in January–March 2026. Since the start of the full-scale invasion, including the results of the first quarter of 2026, the company’s total contribution to the country’s economy amounts to approximately 78 billion UAH.

As reported, in 2025, Zaporizhstal increased its rolled steel output by 15.2% compared to the previous year—to 2,794,600 tons from 2,426,700 tons. Steel production amounted to 3,212,200 tons (in 2024 – 2,890,800 tons), and pig iron production – 3,567,800 tons (3,106,300 tons).

In 2024, Zaporizhstal increased rolled steel output by 18.1% compared to 2023—to 2,426,700 tons from 2,054,700 tons—and steel output by 17.2%, to 2,890,800 tons, and pig iron by 14.2%, to 3,106,300 tons.

Zaporizhstal is one of Ukraine’s largest industrial enterprises, whose products are in high demand among consumers both in the domestic market and in many countries around the world.

Zaporizhstal is a joint venture of the Metinvest Group, whose main shareholders are PJSC System Capital Management (71.24%) and Smart Steel Limited (23.76%). Metinvest Holding LLC is the management company of the Metinvest Group.

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Zaporizhstal shipped 28,000 tons of rolled steel to Romania

Since the beginning of this year, the Zaporizhzhia Metallurgical Plant “Zaporizhstal” has shipped 28,000 tons of rolled steel to Metinvest’s pipe plant in Romania—Metinvest Tubular Iași—which joined the group at the end of 2025.

According to information released by the company on Thursday, April marks four months since Metinvest Tubular IAȘI became part of the group. During this time, the plant has been successfully integrating into the company’s production and management processes, increasing volumes and strengthening cooperation with other assets.

It is noted that Zaporizhstal plays a key role in this process: today, the plant fully meets the Romanian facility’s demand for hot-rolled coils.

“Since the beginning of 2026, Zaporizhstal’s steelmakers have already shipped over 28,000 tons of structural steel products to Iași. These products serve as the basis for the manufacture of round, profile, and rectangular welded pipes that meet European standards and are used in construction, energy, and geothermal engineering,” the press release states.

It is further noted that the synergy among Metinvest Group companies allows not only to strengthen positions in the European market but also to ensure stable utilization of Ukrainian production capacities.

“Zaporizhstal” is one of Ukraine’s largest industrial enterprises, whose products are in high demand among consumers both in the domestic market and in many countries around the world.

Zaporizhstal is a joint venture of the Metinvest Group, whose main shareholders are PJSC System Capital Management (71.24%) and Smart Steel Limited (23.76%). Metinvest Holding LLC is the management company of the Metinvest Group.

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Rolled steel production in Ukraine fell by 6.6% in Q1 2026

According to preliminary data, Ukrainian steelmakers reduced their production of rolled steel by 6.6% in January–March 2026 compared to the same period last year, down to 1.341 million tons.

According to information from the Ukrmetallurgprom association on Thursday, 544,500 tons of rolled steel were produced in March, compared to 390,300 tons the previous month and 406,400 tons in January.

As reported, Ukraine’s steel companies increased total rolled steel production by 4.8% in 2025 compared to 2024, reaching 6.521 million tons.

In 2024, Ukraine increased total rolled steel production by 15.8% compared to 2023—to 6.222 million tons from 5.372 million tons.

In 2023, Ukraine increased its total rolled steel production by 0.4% compared to 2022, reaching 5.372 million tons.

In 2022, the country reduced total rolled steel production by 72% compared to 2021—to 5.350 million tons.

In 2021, before the war, 19.079 million tons of rolled steel were produced.