Steel Giant ArcelorMittal Halts Kryvyi Rih Operations Following Deadly Russian Attacks
The company said four strikes in five weeks killed five workers and injured 17 employees, forcing a $1 billion impairment charge.
- On Friday, Steelmaker ArcelorMittal announced it will indefinitely suspend operations at ArcelorMittal Kryvyi Rih, citing safety concerns after four missile strikes in five weeks killed five workers at Ukraine's largest steel plant.
- Intensified Russian bombardments have crippled major industrial sites across Ukraine. The Kryvyi Rih plant sustained four strikes over five weeks, injuring 17 employees, while Friday's airstrikes in Kyiv killed five people, including a 14-year-old boy.
- The shutdown forces about $1 billion in non-cash impairment charges. Since Russia's February 2022 invasion, ArcelorMittal provided over $700 million to maintain operations at the plant, which previously accounted for 15% of Ukraine's exports.
- Ukraine has called for Europe to sanction Russian steel and nickel tycoons Vladimir Lisin and Vladimir Potanin. Sanctions advisor Vladyslav Vlasiuk stated that listing these oligarchs is essential to restricting Russia's war economy.
- President Volodymyr Zelenskyy described a Friday drone strike on a Kyiv high-rise as an "absolutely savage and sickening" attack. Russia has intensified air strikes using ballistic missiles and drones, disrupting vital supply chains across the country.
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The steel group ArcelorMittal decided to stop the activity at the Krivoi Rog combination in Ukraine, the largest steel plant in the country, after the missile attacks that hit the industrial complex on 21 September.
Russian strikes shut Ukraine steelmaker, kill 5
KYIV — Steelmaker ArcelorMittal said it was shutting production at Ukraine's largest steel plant, underscoring the growing economic toll of Russia's airstrikes that on Friday killed five people in Kyiv, including a 14-year-old boy.
The steel group of ArcelorMittal announced Friday that it stopped its activity at its steel complex Krivoi Rog in Ukraine, which until now continued to function despite the war triggered by Russia. The combination of Krivoi Rog, the largest steel plant in Ukraine, located near the home town of President Volodimir Zelenski, was targeted ...
The steel giant ArcelorMittal suspends the activity of its huge Ukrainian complex after several deadly missile attacks Four missiles in five weeks, five dead and 17 wounded:
ArcelorMittal is suspending operations at ArcelorMittal Kryvyi Rih - the largest metallurgical plant in Ukraine - after four Russian missile strikes in the past five weeks, Ukrainskaya Pravda reports, citing a company announcement. The final blow was struck on September 21. A total of five people died and 17 other workers were injured in the four attacks; one of them remains in critical condition. The company plans to focus on protecting the pla…
ArcelorMittal reported that it is unable to safely resume operations in its steel industry in Ukraine after a series of bombings that left five dead and 17 injured workers. Exclusive material for subscribers. To have full access, access the link of the material and register.
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