Metinvest reduced production of all types of products in 1H2025

In January-June 2025, Metinvest Group reduced steel production by 13% compared to the same period in 2024, to 908,000 tons. Pig iron production for the period fell by 11% year-on-year, to 789,000 tons. This is stated in the company’s report.

In the second quarter, pig iron and steel production decreased by 19% q-o-q and 14% q-o-q, respectively, to 353,000 tons and 420,000 tons.

The company attributes the significant decline in steel and pig iron production in April-June to the shutdown of Kametstal’s blast furnace No. 9 for major repairs. In addition, the half-year results were affected by a temporary technological shutdown at the pulverized coal fuel (PCF) site in March.

The output of commercial metal products in January-June fell by 2% y-o-y – to 1.53 million tons. In particular, flat steel production amounted to 550,000 tons (+1% y-o-y), long steel production amounted to 675,000 tons (+5% y-o-y), and semifinished products amounted to 301,000 tons (-20% y-o-y). In the second quarter, 756,000 tons of metal products were produced (-2% y-o-y), including 289,000 tons of flat products (+11% q-o-q), long products – 339 thousand tons (+1% q-o-q), semifinished products – 128 thousand tons (-26% q-o-q).

Iron ore concentrate production (total) in the first half of the year amounted to 7.72 million tons, which is 13% less y-o-y. Thus, commercial output decreased by 8% y-o-y – to 7.53 million tons, of which 4.24 million tons (-16% y-o-y) accounted for concentrate and 3.29 million tons (+3% y-o-y) accounted for pellets. In the second quarter, total iron ore production amounted to 3.91 million tons (+2% q-o-q), commercial production amounted to 3.77 million tons (+0% q-o-q), of which 2.17 million tons accounted for ZRK (+5% q-o-q) and 1.59 million tons accounted for pellets (-6% q-o-q).

Coal concentrate production in January-June amounted to 984 thousand tons (-53% y-o-y), and in the second quarter – 466 thousand tons (-10% y-o-y). Starting in 2025, production will be concentrated exclusively at United Coal Company (USA).

Coke production decreased to 535 thousand tons in 6 months (-5% y-o-y) and increased by 6% q-o-q in the second quarter to 275 thousand tons. Coke production increased on a quarterly basis, mainly due to the emergency shutdown of Zaporizhcoke in February due to military operations. Half-year figures declined due to the decommissioning of coke oven battery No. 1 at Kametstal.

In 2024, Metinvest increased steel production by 4% compared to 2023, to 2.099 million tons. Pig iron productionincreased by 3% y-o-y, to 1.82 million tons. The output of commercial metal products decreased by 3% y-o-y – to 3.02 million tons, iron ore concentrate increased by 42% y-o-y – to 15.73 million tons, and coal fell by 22% y-o-y – to 4.28 million tons.