Business Forum • 17 December, 2025 at 10:08 AM
Metinvest has completed the acquisition of ArcelorMittal Tubular Products Iași, located in eastern Romania.
The plant produces welded structural pipes for construction, engineering, infrastructure and agricultural sectors, with a maximum production capacity of 240,000 tonnes annually.
"Even before the full-scale war, Metinvest began building a bridge between Ukrainian and EU steelmaking. For us, this new plant is a unique opportunity to provide work for two sites at once: in Iași and Zaporizhzhia," said Yuriy Ryzhenkov (in picture), CEO of Metinvest. "It is part of our contribution to post-war reconstruction. I am confident that the plant's products will not only be in demand in the EU, but will also be required for rebuilding Ukraine's war-damaged infrastructure and industry."
The plant represents Metinvest's first production site in Romania. The group obtained approval from the European Commission in November 2025 under the EU Merger Regulation, followed by approval from Romania's national competition authority.
"Our assets in Ukraine have historically produced large volumes of hot-rolled coil for both the domestic market and export. The location of the new asset in Romania – only 600 kilometres from Zaporizhzhia – enables us to supply up to 180,000 tonnes of hot-rolled coil produced by Zaporizhstal JV every year," said Oleksandr Myronenko, COO of Metinvest. "This will secure regular orders and stable operations for the Romanian plant."
The plant will be integrated into Metinvest's production chains in 2026. It features five pipe mills, two longitudinal cutting lines and two coating lines. The group will honour all existing employment contracts with the plant's employees in Iași. Besides Ukraine and Romania, Metinvest has assets in Italy, Bulgaria, the United Kingdom and the United States.