Metinvest reports lower crude steel and higher pig iron outputs for Q1 2026

Friday, 08 May 2026 12:05:32 (GMT+3)   |   Istanbul

Ukrainian mining and steel producing group Metinvest has announced its operational results for the first quarter of this year.

Accordingly, in the given quarter, the company’s total crude steel output amounted to 454,000 mt, dropping by 19.5 percent quarter on quarter and by seven percent year on year, while its pig iron output moved down by 11.7 percent compared to the previous quarter and increased by 0.4 percent year on year to 438,000 mt.

In the first quarter, Metinvest’s merchant semi-finished product output came to 185,000 mt, decreasing by 31.7 percent compared to the previous quarter and rising by 6.9 percent from the same quarter of 2025, while its finished steel production went up by 7.7 percent quarter on quarter and by 10.6 percent year on year to 660,000 mt. In particular, its flats output rose by 0.3 percent quarter on quarter and by 11.9 percent year on year to 292,000 mt, while its longs production was up by 8.4 percent compared to the fourth quarter of the previous year and by 3.9 percent year on year to 349,000 mt.

In the mining segment, the company’s total iron ore concentrate production in the given quarter decreased by 2.5 percent quarter on quarter and grew by 1.8 percent year on year to 3.88 million mt, while its pellet production amounted to 1.30 million mt, down by 3.2 percent compared to the previous quarter and by 23.6 percent year on year. Additionally, its total coke output moved down by 8.2 percent quarter on quarter and by 1.5 percent year on year to 256,000 mt.


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