Six Ukrainian steel companies ranked among the top 100 private taxpayers

The “Top 100 Private Taxpayers of 2025” rating by Delo.ua recorded a noticeable presence of metallurgy despite military risks and logistical constraints. The list includes six specialized companies that transferred more than UAH 36 billion to budgets of various levels in 2024, confirming the industry’s role as one of the key contributors to public finances.

The largest taxpayer among metallurgical companies was the Metinvest Group, with UAH 19.8 billion in 2024 (UAH 9.3 billion in the first half of 2025). ArcelorMittal Kryvyi Rih paid UAH 6.7 billion (UAH 4.2 billion in the first half of 2025), maintaining its status as one of the largest industrial employers in the country. Interpipe transferred UAH 5.5 billion (UAH 2.6 billion for the first half of 2025), reflecting steady demand for pipe and wheel products both in Ukraine and on export markets.

The raw materials segment is represented by Ferrexpo with UAH 3.1 billion in taxes for 2024. Despite energy and logistics challenges, the company retains a significant share of foreign currency revenues from ore and pellets. The list also includes DCH Steel (UAH 903.4 million; UAH 347.8 million for the first half of 2025) – the assets of DMZ and Sukha Balka, which operate in domestic and foreign markets. Centravis rounds out the top six with UAH 548.7 million (UAH 311.5 million for the first half of 2025), one of the leading suppliers of seamless stainless steel pipes for the energy and machine-building industries.

Thus, even with partial downtime, restrictions on exports through the sea corridor, and increased energy costs, metallurgical companies remain among the systemic contributors to the budget. Their contribution consists not only of income tax and VAT, but also of the unified social tax and military tax, which directly supports defense capabilities and social spending.

Further revenue dynamics in 2025 will depend on the stability of the energy system, access to export infrastructure, and conditions on the global steel and raw materials markets.

As Sergiy Skorbun, Head of External Project Coordination at Metinvest Group’s CEO Office, previously noted, one employee in the metallurgical industry creates about eight jobs in related industries, from transport and energy to services. For the mining industry, this ratio is 1:4. That is why large export companies that bring foreign currency into the country need systematic support from the state.