The mining and metallurgical group Metinvest reported stable production figures for 2025, despite the ongoing war, power supply disruptions, and logistical challenges.
According to their annual report, steel production reached 2.018 million tons, reflecting only a 4% decrease from 2024, while pig iron output saw a slight decline of 2%, totaling 1.782 million tons. This minor reduction is attributed to a major overhaul of blast furnace No. 9 at Kametstal from April to June 2025. However, steel production rose by 3% in the fourth quarter compared to the previous quarter, amounting to 564,000 tons, indicating a gradual stabilization in operations.
In challenging conditions, Metinvest managed to increase its finished product output by 13% year-on-year, reaching 2.429 million tons. Notably, flat rolled product production surged by 20% to 1.107 million tons, driven by the resumption of hot-rolled coil production at Ferriera Valsider in Italy and consistent performance from the group’s European assets. Long rolled product production also increased by 7%, totaling 1.322 million tons.
Iron ore concentrate production remained nearly unchanged from the previous year at 15.695 million tons. However, the output of marketable iron ore products rose by 3%, reaching 15.229 million tons. The shutdown of the Ingulets mining site was offset by increased extraction at the Hannivskyi site.
In 2025, coke production decreased by 2% to 1.1 million tons due to the decommissioning of one of the coke batteries at Kametstal. This was partially balanced by a 23% increase in production at Zaporizhkoks.
The company also announced the suspension of operations at the Pokrovsk coal group due to security concerns near the frontline and ongoing energy supply issues.
Additionally, Metinvest is in the final stages of selling United Coal Company in the United States, resulting in the asset being deconsolidated from financial reporting starting in the first half of 2025.
Metinvest has reported stable production figures for 2025, maintaining steel and pig iron output despite ongoing challenges from the war and energy supply issues. The company also noted significant increases in finished product production, particularly in flat rolled and long rolled products.