The Kryvyi Rih Mining and Metallurgical Plant, PJSC “ArcelorMittal Kryvyi Rih” (AMKR, Dnipropetrovsk Oblast), ended the January–June period of this year with a net loss of 6 billion 641.858 million UAH, an increase of 57.4% compared to the first half of last year, when it stood at 4 billion 219.136 million UAH.
According to the company’s interim report, a copy of which is available to the Interfax-Ukraine news agency, AMKR’s revenue from ordinary operations for this period amounted to 32,839,717 million UAH, compared to 33,818,076 million UAH in January–June 2025.
The accumulated loss as of the end of June 2026 amounted to 39,482.201 million UAH.
AMKR’s production volumes for the reporting period were as follows: pig iron—311,234 thousand metric tons; rolled steel—381,185 thousand metric tons; and iron ore concentrate—633,045 thousand metric tons. Exports accounted for 66% of total sales. During the reporting period, AMKR sold steel products on the domestic market, in European markets, and to other countries, such as Egypt, Moldova, and Turkey. The products were exported by rail and through Black Sea ports.
As previously reported, ArcelorMittal Kryvyi Rih ended the January–March 2026 period with a net loss of 4 billion 599.057 million UAH, an increase of 54.8% compared to the same period in 2025, when the loss amounted to 2 billion 970.387 million UAH. Revenue from ordinary operations during this period amounted to 13,244.044 million UAH, compared to 15,063.014 million UAH in January–March 2025.
AMKR ended 2025 with a net loss of 8 billion 896.797 million UAH, while in 2024 it amounted to 8 billion 848.963 million UAH. Revenue from ordinary activities for 2025 reached 70 billion 634.443 million UAH, compared to 64 billion 591.407 million UAH in 2024.
At the same time, AMKR ended 2025 with a consolidated net loss of 8 billion 887.789 million UAH, compared to 8 billion 841.794 million UAH in 2024. At the same time, consolidated income from ordinary activities amounted to 70,627,356 million UAH in 2025, compared to 64,599,685 million UAH in 2024. The consolidated uncovered loss at the end of last year stood at 32,927,580 million UAH.
In 2024, the plant reduced its consolidated net loss by 25.5% compared to 2023—to 8 billion 841.812 million UAH from 11 billion 875.984 million UAH. At the same time, net revenue decreased by 54.3%—to 64,599,685,000 UAH from 41,873,521,000 UAH.
“ArcelorMittal Kryvyi Rih” is the largest producer of rolled steel in Ukraine. It specializes in the production of long products, in particular rebar and wire rod.
ArcelorMittal owns Ukraine’s largest mining and metallurgical complex, “ArcelorMittal Kryvyi Rih,” and a number of smaller companies, including PJSC “ArcelorMittal Beryslav.”
According to the company, ArcelorMittal Duisburg GmbH (Germany) owns 95.128% of its shares.
The steel complex’s authorized capital is 3 billion 859.533 million UAH.
PJSC “Dniprospetsstal Electrometallurgical Plant” (Zaporizhzhia) reported a fourfold increase in its net loss for January–June of this year compared to the same period last year—rising to 728.629 million UAH from 180.048 million UAH.
According to the company’s interim report, available to the agency “Interfax-Ukraine”, revenue from ordinary operations for this period decreased by 21.5%—to 2,205.763 million UAH.
The accumulated loss as of the end of June 2026 amounted to 6,935.497 million UAH.
As previously reported, in the first quarter of 2026, Dniprospetsstal saw its net loss increase 3.9-fold compared to the same period last year, reaching 510.751 million UAH. Revenue from ordinary operations for this period decreased by 21.4%—to 957.475 million UAH from 1 billion 217.961 million UAH.
According to the 2025 report, the company’s net loss last year increased by 22.1% compared to 2024—to 711.015 million UAH from 582.427 million UAH. At the same time, revenue from ordinary operations for this period decreased by 6.2%—to 5,330.967 million UAH from 5,686.039 million UAH.
“Dniprospetsstal” is Ukraine’s sole manufacturer of long products and forgings made from special steel grades: stainless steel, tool steel, high-speed steel, bearing steel, structural steel, as well as heat-resistant nickel-based alloys.
According to the National Securities and Stock Market Commission’s data for the first quarter of 2026, its shares are held by Wenox Holdings Ltd. (47.1128%), Boundryco Ltd. (11.0131%), Gazaro Ltd. – 16.5197%, Crascoda Holdings – 6.6826%, and Middleprime Limited – 9.7901% (all based in Cyprus).
It was previously reported that in May 2008, the international investment and consulting group EastOne sold its approximately 30% stake in Dniprospetsstal, which had previously been held under the group’s mandate. The plant’s new shareholders are linked to VS Energy International, whose beneficial owners include several Russian entrepreneurs.
According to the report, in May 2023, pursuant to a decision by the National Security and Defense Council of Ukraine (NSDC) dated May 12, 2023, personal economic sanctions were imposed on the ultimate beneficial owner of PJSC “Dniprospetsstal.”
The authorized capital of the PJSC amounts to 49.720 million UAH.
Metinvest, Ukraine’s largest mining and metallurgical holding company, increased steel production by 13% in January–June 2026 compared to the same period last year—to 1.026 million metric tons—and pig iron production by 18%, to 934,000 metric tons.
According to a press release from the parent company, Metinvest B.V., published on July 31, in the second quarter, pig iron production at Kametstal rose by 13% compared to the previous quarter—to 496,000 metric tons—while steel production increased by 26%, to 572,000 metric tons. This growth was driven by the stabilization of the power supply since March 2026.
In addition, the first-half figures were compared to a relatively low base from last year, when blast furnace No. 9 was shut down for major repairs in April–June.
Production of commercial semi-finished products in the first half of the year increased by 19% to 357,000 metric tons. Production of commercial pig iron more than doubled to 64,000 metric tons, while production of billets rose by 6% to 293,000 metric tons.
Production of finished steel products increased by 6% to 1.303 million metric tons. Output of long products rose by 6% to 717,000 metric tons, thanks to increased production volumes at Kametstal and the Bulgarian company Promet Steel.
Production of flat rolled products decreased by 1% to 545,000 metric tons. Specifically, output of hot-rolled coils fell by 9%, and that of galvanized cold-rolled coils by 2%, while production of hot-rolled heavy plate remained virtually unchanged at 431,000 metric tons.
Pipe output totaled 41,000 metric tons following the group’s acquisition of the Romanian company Metinvest Tubular Iași in December 2025.
In the second quarter, finished product output fell by 3% compared to the first quarter, to 642,000 metric tons. This was due to a 13% decline in flat-rolled steel output caused by a temporary shutdown of the rolling mill at the Italian company Ferriera Valsider in March–May.
Coke production in the second quarter rose by 9% to 279,000 metric tons following the stabilization of coal supplies. For the first half of the year, the figure remained at the same level as the corresponding period last year, totaling 535,000 metric tons.
Metinvest is a vertically integrated group of mining and metallurgical companies. The group’s production assets are located in Ukraine, European Union countries, and the United Kingdom. The main shareholders are the SCM Group, with a 71.24% stake, and Smart Holding, with a 23.76% stake.
ArcelorMittal, the world’s second-largest steel producer, increased EBITDA by 23% in the second quarter of 2026 compared with the first quarter, to $2.06 billion, the company said in a statement. The figure rose by 11% compared with the same period last year.
Net profit amounted to $683 million, which was 18% higher than in the previous quarter but 62% below the profit recorded in the second quarter of 2025.
Revenue increased by almost 8% quarter-on-quarter and by 5% year-on-year in the second quarter, to $16.8 billion. The main reason for the improvement was a 4.4% increase in the average steel price.
ArcelorMittal’s capital expenditure amounted to $1.1 billion in April-June. Net debt increased to $9.5 billion at the end of June, compared with $9.3 billion as of March 31.
In the second quarter, the company increased steel production by 7.5% compared with the previous three months, to 14.3 million tonnes, versus 14.4 million tonnes a year earlier. Steel shipments amounted to 13.4 million tonnes in the quarter, compared with 12.8 million tonnes in the previous quarter and 13.8 million tonnes a year earlier. Iron ore production amounted to 13.5 million tonnes during the quarter, compared with 9.7 million tonnes in the first quarter and 11.8 million tonnes a year earlier.
In January–June of this year, Ukraine increased its exports of carbon steel semi-finished products by 35.8% in volume terms compared to the same period last year—to 766,603 metric tons from 564,683 metric tons.
According to statistics released by the State Customs Service (SCS), 163,183 thousand metric tons of semi-finished products were exported in June, 165,050 thousand metric tons in May, in April—116,550 thousand metric tons, in March—138,203 thousand metric tons, in February—61,629 thousand metric tons, and in January—121,988 thousand metric tons.
In monetary terms, exports of carbon steel semi-finished products during this period increased by 39.6% to $388.650 million. The main export destinations were Bulgaria (36.59% of shipments in monetary terms), Turkey (13.44%), and Poland (12.90%).
In the first six months of 2026, Ukraine imported 40,805 thousand metric tons of semi-finished products worth $26,990 million from Oman (80.71%), the Czech Republic (13.03%), and Germany (4.93%), whereas in January–June 2025, it imported 3,303 thousand metric tons worth $2,687 million.
As reported, in 2025, Ukraine reduced its exports of semi-finished steel products by 26.4% in volume terms compared to the previous year—to 1,388,183 thousand metric tons—while revenue fell by 28.9% to $659.625 million. The main export destinations were Bulgaria (32.73% of shipments in monetary terms), Poland (22.13%), and Turkey (14.88%).
Last year, Ukraine imported 88,923 thousand metric tons of semi-finished products worth $65.989 million, mainly from Oman (37.42%), Germany (22.21%), and the Czech Republic (16.71%), whereas in 2024, it imported 306 metric tons of semi-finished products worth $278 thousand.
Ukrainian steelmakers reduced steel production by 3.2% in January–June of this year compared to the same period last year, down to 3.566 million metric tons.
According to information released by the “Ukrmetallurgprom” association on Wednesday, 690,800 metric tons of steel were produced in June, 629,400 metric tons in May, 517,300 metric tons in April, 702,300 metric tons in March, in February—515 thousand metric tons, and in January—511.1 thousand metric tons.
As previously reported, Ukraine’s steel companies reduced steel production by 2.2% in 2025, to 7.409 million metric tons.
In 2024, Ukraine increased steel production by 21.6% compared to 2023, reaching 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.
