ArcelorMittal informs Ukraine it cannot continue operations at Kryvyi Rih plant – statement

ArcelorMittal has notified Ukraine that it cannot restart operations at its Kryvyi Rih plant, located in the Dnipropetrovsk region, due to ongoing missile strikes, according to a statement released on its website. The company, which employs around 17,000 workers at the facility, regretfully informed the Ukrainian government of its inability to safely and sustainably resume production following a series of missile attacks.

These strikes, which have occurred over the past five weeks, have resulted in five fatalities, 17 injuries, and severe damage to the plant's infrastructure. The latest attack took place on September 21.

ArcelorMittal anticipates recognizing a non-cash impairment of approximately $1 billion, primarily due to the damage inflicted on the plant's property, plant, and equipment. CEO Mauro Longobardo expressed deep regret over the decision, stating that the company is currently negotiating with the Ukrainian government to preserve the plant's infrastructure for potential future restarts once peace is achieved.

Since the onset of the Russian invasion in February 2022, ArcelorMittal has prioritized the safety and economic security of its Ukrainian employees, providing over $700 million in financial assistance to maintain operations at the Kryvyi Rih plant. Despite the ongoing conflict, the plant has managed to produce 311,230 tonnes of pig iron, 381,190 tonnes of rolled products, and 633,050 tonnes of iron ore concentrate during the first half of 2026.

However, the company ended the period with a net loss of UAH 6.64186 billion, a 57.4% increase compared to the same period in 2025.