Metinvest acquires a pipe plant in Romania: what is known about the deal

17 December 15:55

Metinvest Group has completed the acquisition of ArcelorMittal Tubular Products Iași, a Romanian company located in Iasi. This was reported by "Komersant Ukrainian" with reference to Metinvest.

The plant specializes in the production of welded structural pipes for construction, engineering, infrastructure and agricultural projects, and its maximum production capacity is up to 240 thousand tons of products per year.

The plant is Metinvest’s first production asset in Romania and an important step in the development of the Group’s presence in the European Union.

Why does Metinvest need a plant in Romania?

Yuriy Ryzhenkov, CEO of Metinvest, emphasized that the deal is part of the Group’s long-term strategy to integrate Ukrainian steelmaking into European production chains.

“Even before the Great War, Metinvest started building a bridge between the Ukrainian and EU steel industries. That is why the new plant is a unique opportunity for us to employ two plants in Iasi and Zaporizhzhia. This is part of our contribution to the post-war reconstruction,” Ryzhenkov commented on the deal.

According to him, the products of the Romanian plant will be in demand not only in the EU market but also in the restoration of Ukraine’s war-torn infrastructure and industry.

EU and Romanian regulatory approvals

Negotiations on the acquisition of the asset lasted several months.

on November 24, 2025, Metinvest received approval from the European Commission under the EU Merger Regulation.

On November 25, the deal was approved by the Romanian National Competition Authority following the foreign investment screening procedure.

This paved the way for the final closing of the deal in December.

Zaporizhstal will supply raw materials

Group Chief Operating Officer Alexander Mironenko said that the plant’s geographical location – only 600 km from Zaporizhzhia – creates significant logistical advantages.

“Metinvest’s enterprises in Ukraine have historically produced large volumes of hot-rolled coils for both the domestic market and export. The location of the asset in Romania – just 600 km from Zaporizhzhia – allows us to supply up to 180 thousand tons of hot-rolled coils produced by Zaporizhstal every year. This will provide the Romanian plant with regular orders and stable operation,” said Mr. Mironenko.

Thus, the new asset will become an important link in the interaction between Metinvest’s Ukrainian and European production sites.

Capacities and plans for 2026

The plant in Yassy is equipped with:

five pipe mills;
two longitudinal cutting lines;
two coating lines.

In 2026, Metinvest plans to fully integrate the plant into its production and organizational chains. The company has confirmed that it will comply with all the terms and conditions of employment contracts with the employees of the plant in Romania.