September 16, 2025 - Metinvest, the metallurgical holding company, intends to sell the American company United Coal, which specializes in extracting coking coal and has supplied products to the group’s metallurgical plants in Ukraine since early 2025. This coal supply channel was critical in replacing products from Pokrovsk, but United Coal has not been meeting its operational and financial targets for some time.

Overall, the Metinvest Group reported a loss of $58M in the first half of 2025, compared to a profit of $179M during the same period last year. The group’s revenue decreased by 13%, reaching $3.55B. The main cause of the loss was the shutdown of Metinvest Pokrovs?kvuhillya, which cut off the company’s access to its own coking coal and weakened vertical integration. Additional pressures included the closure of the Ingulets Mining and Processing Plant and the decline in global steel and ore prices.

Despite these challenges, the group’s top executive Oleksandr Myronenko stated that Metinvest has restarted large-scale investment programs in Ukraine. This year, the company is investing over $330M in production, with more than 80% directed toward Ukrainian assets. Last year, the group’s capital investments totaled $251M.