ArcelorMittal announces that it is unable to safely and sustainably restart operations at ArcelorMittal Kryvyi Rih following multiple recent missile strikes
ArcelorMittal has informed the Government of Ukraine it cannot safely and sustainably restart operations at ArcelorMittal Kryvyi Rih after four missile strikes over five weeks killed five employees and injured 17. The company expects a non-cash impairment charge of approximately US$1 billion, mainly on property, plant and equipment at the Ukrainian subsidiary, and has provided over US$700 million in financial support since the war began.
Key figures
- Missile strikes
- 4
- Employees injured
- 17
- Impairment charge
- $1 billion (non-cash)
- Strike fatalities
- 5
- Financial support to subsidiary
- over US$700 million
AI analysis
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