ArcelorMittal to shutter Ukraine plant after Russian strikes

ArcelorMittal: ArcelorMittal is one of the world’s leading integrated steel and mining companies with operations across dozens of countries and primary steelmaking facilities in 14 nations. The company has maintained its Kryvyi Rih steel plant in Ukraine throughout the ongoing conflict, relying on dedicated local employees to sustain limited production. Following repeated Russian missile strikes that damaged facilities and caused worker casualties, ArcelorMittal has informed the Ukrainian government it cannot safely or sustainably restart operations at the site. Conflict Impact: Russian missile strikes have repeatedly targeted major Ukrainian steel production sites in recent weeks, halting operations at facilities that account for the bulk of the country’s output. Industry Resilience: Ukrainian steel workers have continued to operate critical industrial facilities under wartime conditions despite repeated attacks. Operational Continuity: ArcelorMittal is working with the Ukrainian government to preserve the Kryvyi Rih plant’s infrastructure and keep options open for restarting production once safe conditions return.