Metinvest Acquires Romanian Pipe Plant, Enhancing Synergy Between Ukrainian and EU Steelmaking
On 16 December, Metinvest completed the acquisition of ArcelorMittal Tubular Products Iași, located in the Romanian city of Iași. The plant produces welded structural pipes for the construction, engineering, infrastructure and agricultural sectors. Its maximum production capacity is 240,000 tonnes a year.Commenting on the completion of the deal, Yuriy RYZHENKOV, CEO of Metinvest, said: “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. 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 is Metinvest’s first production site in Romania. Negotiations on its acquisition lasted several months. On 24 November 2025, the Group obtained approval