Modern conditions for the development of the metallurgical industry require improved approaches to its digital transformation. Managing the digital transformation of the metallurgical industry is a complex process aimed at adapting metallurgical companies to the conditions of the digital economy. The introduction of digital technologies to digitalize the business processes of metallurgical companies should be carried out on the basis of the existing potential of the industry, primarily innovative. The level of digital maturity of the metallurgical industry depends on many factors that need to be identified and evaluated. A significant point in the implementation of digital transformation projects is the consideration of project risks, since the success of such projects depends to a high extent on the level of response to these risks. Thus, now there is a need to identify significant problems hindering the digital transformation of the metallurgical industry. The purpose of this study is to identify significant problems related to the development of digitalization processes at the level of the metallurgical industry based on the analysis of the concepts of digital transformation management of metallurgical companies. The study used a comparative analysis of domestic and foreign sources, a comparative analysis of sources, statistical methods, and a methodology for assessing innovative potential. As a result, the main problems of the metallurgical industry in the field of digital transformation were identified.