The subject of this study is the processes of strategic management of the innovative and investment development of Russian ferrous metallurgy enterprises, and the goal is to develop recommendations for improving these processes. The work uses general scientific and special methods of scientific knowledge: systemic, functional, struc-tural and investment analysis, evolutionary and dynamic analysis. Revitalization of innovation and investment activities in ferrous metallurgy requires the concentration of investment resources, the use of such methods of investment and investment as real options and venture investment technologies, which in turn requires appropriate organizational and structural support. A model of the investment portfolio of a metallurgical company is proposed and the need to create an organizational structure for the concentration of investment resources is substantiated, which will reduce the level of risk of ongoing projects and increase their investment attractiveness. This model will make it possible to intensify investment and, as a result, innovation.