Metinvest continues to pursue its strategy for the development of Ukrainian enterprises despite the war

A member of the company's supervisory board assessed the stability of production and the implementation of investment projects

Despite the challenges posed by the war, the Metinvest Group is continuing its strategy for the development of its Ukrainian enterprises by investing in the reliability and efficiency of production. This was stated by Gregory Mason, Chairman of the Committee on Industrial Safety, Occupational Health, and the Environment of the company’s Supervisory Board.

Mason, along with the company’s CEO Yuriy Ryzhenkov and other group executives, visited Northern Mining and Kametstal in late March to assess the stability of production and the implementation of investment projects amid the war.

At Northern Mining, the company’s top management toured the new gas-fired power generation complex (an effective solution for decentralized energy in the face of constant power outages caused by shelling) and inspected the construction of the tailings thickening complex—one of Metinvest’s key investment projects. They discussed the stages of constructing a modern hydraulic engineering facility and the security system organized there.

Mason expressed understanding of the challenges of working under current conditions, with daily risks and disruptions to normal production processes due to air raid alerts and prolonged waiting in shelters. However, he said, the company is building the future, returning to strategic planning, investment, and sustainable development.

At the end of 2025, the company also announced plans to increase DR pellet production at the Northern Mining—for the production of green steel and premium raw materials for pig iron production. The program includes two projects: the modernization of the LURGI 552-A sintering machine and the construction of a flotation and finishing complex. Once implemented, the plant will be able to produce approximately 4 million tons of DR pellets per year.

“Metinvest continues to modernize its production facilities and implement environmental projects in Ukraine. Such projects not only reduce the impact on the environment but also lay the groundwork for the recovery and sustainable development of Ukrainian industry after the war,” Mason noted.

At Kametstal, company executives assessed the effectiveness of solutions at industrial sites that allow the steel mill not only to maintain production volumes but also to lay the foundation for further modernization. The working visit covered key links in the technological chain, with a separate focus on auditing energy infrastructure facilities.

Amid a general energy shortage and high security risks, the company has focused on measures to increase energy independence and modernize power equipment. This is critically important for maintaining production stability and minimizing the impact of external disruptive factors.

Metinvest is considering the possibility of constructing a new continuous casting machine at the plant for slab production. The implementation of this strategic project will enable Kametstal to manufacture new products, improve their quality, and strengthen the group’s competitive position in its sales markets.

“Today, Metinvest is the center of the restoration and revival of the metallurgical industry in Ukraine. While expanding the geographic reach of our operations and the markets for our products, the group remains a Ukrainian company that will continue to invest here, in Ukraine,” emphasized Gregory Mason.

As a reminder, Metinvest received an international award for securing financing for Northern Mining. The company won the international TXF Deals of the Year award