The purpose of the work. In this paper, a study of the financial security of metallurgical enterprises of the Russian Federation is carried out using one of the existing methods in order to identify strengths and weaknesses. Research methods. Methods of financial, comparative, statistical analysis, as well as the method of expert assessments were used to conduct the study. Results. In the course of the study, the main indicators for determining the level of financial security of 135 metallurgical enterprises of the Russian Federation were analyzed according to the method of O. A. Kavyrshina. The analysis was carried out separately for ferrous and non-ferrous metallurgy enterprises. The main strengths and weaknesses in the system of financial security of enterprises of the industry are formulated. Scope of the results. The creation of this empirical base can become the basis for rational decision-making for both institutional and individual investors in industry index investment. Conclusions. Based on the analysis of financial security indicators of metallurgical enterprises of the Russian Federation, it was concluded that more than 80% of companies have an "above average" level.