According to preliminary data, Ukrainian metallurgical companies increased their total rolled steel production by 3.9% in January-November this year compared to the same period last year, from 5.741 million tons to 5.966 million tons.
According to information from the Ukrmetallurgprom association on Monday, steel production during this period fell by 3.1% to 6.813 million tons. In November, 589,100 tons of rolled steel and 641,100 tons of steel were produced.
For more information on the largest steel producers and global industry trends, see the Experts Club video analysis review available on YouTube: Experts Club — Leaders of the global steel industry 1990–2024
In October 2025, Ukrainian metallurgical companies increased steel production by 7.3% compared to October 2024, from 604,000 tons to 648,000 tons, but reduced it by 5.9% compared to September 2025 (689 thousand tons), according to data from the World Steel Association (Worldsteel).
According to the association’s report, Ukraine ranked 21st among 70 steel-producing countries in October.
In January-October 2025, Ukrainian steel companies produced 6.172 million tons of steel, which is 4.9% less than in the same period of 2024 (6.487 million tons). Ukraine ranks 22nd in the world in terms of this indicator.
In 2024, Ukraine produced 7.575 million tons of steel, increasing production by 21.6% compared to 2023 (6.228 million tons) and ranked 20th among 71 countries. In 2023, steel production in the country decreased by 0.6% compared to 2022, to 6.228 million tons, and Ukraine ranked 22nd in the global ranking.
At the end of 2022, Ukraine produced 6.263 million tons of steel, which is 70.7% less than in 2021, and ranked 23rd among 64 countries covered by Worldsteel.
Earlier, the Experts Club analytical center released a video analysis of the world’s leading steel producers from 2001 to 2024 – https://youtube.com/shorts/VgUU9MEMosE?si=c5yD04gmNtJoFblB
Ukrainian metallurgical enterprises increased pig iron production by 5.8% in January–June 2025 compared to the same period last year, to 3.669 million tons, according to Ukrmetallurgprom.
In June, 661,900 tons of pig iron were smelted, which is more than in May (644,700 tons).
In 2024, pig iron production in Ukraine grew by 18.1% to 7.090 million tons, after falling in 2023 to 6.003 million tons and a disastrous 2022, when production fell by almost 70%.
According to Ukrmetallurgprom’s operational data, Ukrainian steelmakers produced 1.733 million tons of steel in Q1 2025, up 2.7% year-on-year.
In March, production amounted to 550.5 thousand tons, slightly lower than in February (571.8 thousand tons).
In total, Ukraine produced 7.575 million tons of steel in 2024 (+21.6% compared to 2023), and 6.228 million tons in 2023 (-0.6%). In 2021, the figure reached 21.366 million tons.
The Experts Club Information and Analytical Center has recently presented a video analysis of the top 20 steel producing countries – https://youtube.com/shorts/j7Yev2HCS4o?si=lfmGJ5jrx8036z1U
The revenue of Metinvest B.V. (the Netherlands), the parent company of the Metinvest mining and smelting group, in April 2020 decreased by 13.2%, or $113 million compared to the previous month, to $742 million from $855 million. According to the company’s preliminary unaudited consolidated monthly financial statements, EBITDA for April totaled $126 million, which is $45 million less than in March ($171 million), while EBITDA from participation in joint venture was $15 million (in March $28 million).
According to the report, the adjusted EBITDA of the group’s metallurgical division in April 2020 amounted to $64 million (in March $108 million), including “minus” $1 million from participation in joint venture (“minus” $3 million). The mining division’s EBITDA is $94 million ($100 million in March), including $16 million ($31 million) from joint venture. The management company’s expenses amounted to $6 million ($9 million).
The total revenue in April consisted of $580 million of the metal division (in March $672 million), $240 million from mining ($277 million), and $78 million of intra-group sales ($94 million).
The total debt of the company in April decreased by $34 million compared with March, to $3.073 billion from $3.107 billion. At the same time, the amount of cash decreased by $58 million, to $270 million from $328 million.
The funds used in investing activities amounted to $67 million, in financial activities $11 million.
Metallurgical enterprises of Ukraine cut steel smelting by 1% in 2019 compared with 2018, to 20.848 million tonnes.
According to the reference documents of the Ministry of Economic Development, Trade and Agriculture, which are available to the Interfax-Ukraine, the output of total rolled metal also decreased 1%, to 18.387 million tonnes, and pig iron production fell by 2%, to 20.064 million tonnes.
At the same time, the agency’s source in the ministry said that scrap metal supplies to metal enterprises last year fell by 10% to 3.011 million tonnes.
In 2019, pipe production fell by 9%, to 1.005 million tonnes, coke – by 7%, to 10.059 million tonnes, and metal products remained at the level of 188,000 tonnes.
Mining enterprises last year increased iron ore production by 4%, to 75.710 million tonnes, production of iron ore concentrate grew by 5%, to 63.084 million tonnes, but they reduced prepared iron ore by 3%, to 51.675 million tonnes, including sinter production that decreased by 2%, to 30.911 million tonnes, and pellets that fell by 3%, to 20.764 million tonnes.
