Based on the results of the first quarter of 2026, Metinvest Group reduced steel production by 20% compared to the previous quarter, to 454 thousand. tons. The company cites unstable power supply in January-February as the main reason.. This is stated in the company's production report.

On an annual basis, steel production decreased by 7%. At the same time, pig iron production in January-March remained at the level of the same period last year, although compared to the previous quarter it decreased by 12%, to 438 thousand. tons.

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Against the background of a decrease in steel production, the company also reduced the production of commercial semi-finished products: in the first quarter this figure amounted to 185 thousand. tons, which is 32% less compared to the previous quarter.

Despite the difficult situation in the steelmaking segment, Metinvest increased production of finished rolled metal: in January-March its output increased by 8% quarter-on-quarter and by 11% year-on-year, to 660 thousand. tons.

In particular, the production of flat products amounted to 292 thousand. tons, which corresponds to the level of the previous quarter, but is 12% higher than the same period in 2025. The company attributes this to the restoration of hot-rolled coil production at Ferriera Valsider and an increase in orders for hot-rolled thick sheets.

Output of long products increased by 8% compared to the previous quarter, to 349 thousand. tons. Positive dynamics were ensured by Kametstal and the Bulgarian enterprise Promet Steel. The report also takes into account for the first time the production of pipes at the Romanian plant Tubular Iasi, which the group acquired in December 2025: since the beginning of the year, 19 thousand have been produced there. tons of pipe products.

As is known, Metinvest of Rinat Akhmetov, taking into account associated companies and joint ventures, paid UAH 4.3 billion in taxes and fees to budgets of all levels in Ukraine in the first quarter of 2026. In total, since the beginning of a full-scale war, together with the results of the first quarter of 2026, the volume of tax contributions of the group reached almost 78 billion UAH.