Overview
- ArcelorMittal told the Ukrainian government on Friday, Sept. 25 that it cannot safely restart its Kryvyi Rih plant after four missile strikes over five weeks and has suspended production.
- The strikes on the integrated mining and steel complex have killed five workers and injured 17 employees across the four attacks with the latest hit reported on Sept. 21.
- ArcelorMittal plans to focus on preserving infrastructure so production could resume after the war and said it will take an estimated US$1 billion non‑cash impairment on property, plant and equipment.
- Industry leaders and officials warn the shutdown deepens pressure on Ukraine’s metallurgy sector by cutting jobs, reducing exports and increasing calls for state and international financial and logistical support.
- Analysts say global steel markets will likely see limited short‑term disruption because the plant had run at reduced capacity since 2022 while the domestic economic and social impact on workers and regional tax revenue will be severe.