Metinvest's finished product output increased by 13% due to European assets
In 2025, the Metinvest Mining and Metallurgical Group reduced steel production by 4% compared to the previous year to 2.018 million tons, a decrease due to a large-scale war, reduced electricity supply, as well as logistical and economic factors.
According to the group's annual report, the parent company of Metinvest B.
V. According to the results of operating activities for the fourth quarter of 2025 and for the whole year, in 4Q. cast iron production at Kametstal remained at the level of the previous quarter and amounted to 496 thousand tons, while steel production increased by 3% to 564 thousand tons.
It is noted that in 2025, the production of pig iron and steel decreased by 2% and 4%, respectively, compared to the previous year and amounted to 1,782 million tons and 2,018 million tons. The slight reduction was due to the overhaul of blast furnace No. 9 at Kametstal in April-June 2025.
It is also stated that in Q4 2025, the volume of production of semi-finished goods remained almost at the level of the previous quarter and amounted to 271 thousand tons. At the same time, the production of commercial pig iron decreased by 41% due to an increase in consumption in further processing, which led to an 8% increase in the volume of raw material output.
In 2025, the output of commercial semi–finished products decreased by 3% compared to the previous year - to 839 thousand tons, due to a decrease in steel production and an increase in domestic consumption of billets at subsequent stages of production. At the same time, the volume of commercial pig iron output doubled and amounted to 84 thousand tons.
In 4Q2025, the production of finished products increased by 4% compared to the previous quarter and amounted to 613 thousand tons, due to planned overhauls at rolling mills in Italy and Bulgaria in August. In particular, the production of flat rolled products increased by 10% to 291 thousand tons, while the production of long rolled products remained almost unchanged at 322 thousand tons.
In 2025, the production of finished products increased by 13% compared to 2024, to 2.429 million tons. In particular, the production of flat rolled products increased by 20% to 1.107 million tons due to the restoration of hot-rolled roll production at Ferriera Valsider (Italy) and the efficient work of Metinvest Trametal (Italy) and Spartan UK (Great Britain). Production of long-rolled products increased by 7% to 1,322 million tons, due to increased volumes at Kametstal and the stable operation of Promet Steel (Bulgaria).
In Q4 2025, coke production decreased by 3% compared to the previous quarter, to 279 thousand tons. Overall, coke production decreased by 2% last year to 1,100 million tons compared to the previous year due to the decommissioning of coke oven battery No. 1 at Kametstal. This was partially offset by a 23% increase in coke production at Zaporizhcox, to 898 thousand tons.
It is also reported that in the 4th quarter of 2025, the production of total iron ore