Capital investments in Ukraine’s steel sector grew to UAH 3.95 bln in Q1

Investments in the maintenance and modernization of mining production facilities amounted to UAH 13.07 billion

The volume of capital investments in the sector “Metallurgical production, production of finished steel products, except for machinery and equipment” in January-March 2025 increased by 78.1% compared to the same period in 2024, to UAH 3.95 billion. This is according to the State Statistics Service.

Compared to the previous quarter, the volume of investments in the capacity of steel enterprises decreased by 34.7%. The last quarter of 2024 saw a significant amount of investment – UAH 6.05 billion, while in previous periods the figure fluctuated between UAH 2.2-3.4 billion.

Capital investments in the Mining and quarrying sector amounted to UAH 13.07 billion in January-March, down 1.4% compared to Q1 2024 and 30.5% compared to the previous quarter. The mining industry also saw a surge in investment at the end of 2024.

The total volume of capital investments in the Ukrainian industry in the first three months of 2025 increased by 25% y/y – to UAH 48.72 billion. The share of the iron and steel sector is 35% or UAH 17.02 billion.

Despite all the difficulties of wartime, the Ukrainian iron and steel sector continues to invest heavily in maintaining and modernizing its facilities, being one of the largest investors in the country’s economy.

As GMK Center reported earlier, in 2024, the iron and steel sector of Ukraine invested UAH 73.91 billion in production facilities, which is 35.3% of investments in the industry. In particular, in the Metallurgical production, manufacture of finished steel products, except for machinery and equipment sector, the figure increased by 45.9% y/y – to UAH 14.51 billion, and in the Mining and quarrying sector by 0.5% y/y – to UAH 59.39 billion.