Metinvest reduced steel production, but kept pig iron output at last year's level
Metinvest, the largest Ukrainian mining and metallurgical holding, reduced steel production by 7% in January-March of this year compared to the same period last year to 454 thousand tons. Tons from 488 thousand . Tons, but retained 438 thousand tons of pig iron. Tons (436 thousand Tons in the first quarter-2025).
According to the press release of the parent company Metinvest B. V. On the results of operations for the first quarter of 2026 on Thursday, due to the beginning of the large-scale military aggression of the Russian Federation against Ukraine on February 24, 2022, the workload of the group's Ukrainian enterprises continues to be affected by security factors, the availability of personnel, the provision of electricity, as well as logistical and economic factors.
At the same time, it is specified that in January-March 2026, the production of cast iron and steel at Kametstal decreased by 12% and 20%, respectively, compared to the previous quarter, to 438 thousand tons. Tons and 454 thousand . Tons, as a result of unstable power supply in January-February 2026.
In addition, it is reported that in the first quarter of 2026, the production of semi-finished goods amounted to 185 thousand tons. Tons, which is 32% less than in the previous quarter due to a decrease in the output of raw materials against the background of lower steel production volumes and prioritization of its consumption at the next stages of production; at the same time, this was partially offset by a 2.2-fold increase in the production of commercial pig iron.
At the same time, the production of commercial semi-finished products was 7% higher than in the same period of 2025 due to a 96% increase in the production of commercial cast iron.
In general, in the first quarter of 2026, the production of finished products increased by 8% compared to the previous quarter and by 11% compared to the same period in 2025, to 660 thousand tons. Tons. In particular, the production of flat rolled products amounted to 292 thousand tons. Tons, which corresponds to the level of the previous quarter and is 12% more than in the same period last year due to the resumption of production of hot-rolled coils at Ferriera Valsider and an increase in orders for hot-rolled thick sheets.
The production of long-rolled products amounted to 349 thousand tons. Tons, which is 8% more than in the previous quarter and 4% more than in the same period last year due to increased volumes at Kametstal and Promet Steel (Bulgaria); pipe production amounted to 19 thousand tons. Tons after the acquisition of the Tubular Iasi pipe plant (Romania) in December 2025.
In the first quarter of 2026, coke production decreased by 8% compared to the previous quarter and by 2% compared to the same period in 2025, to 256 thousand tons. Tons, due to delays in coal supply due to unstable electricity supply.
In the first quarter, the production of total iron ore concentrate decreased by 2% compared to the previous quarter, to 3.882 million tons.