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ArcelorMittal Shuts Plant in Kryvyi Rih Due to Russian Strikes, Expects $1B Impairment Charge

One of Ukraine’s largest foreign manufacturers of steel products, ArcelorMittal, halted operations in Kryvyi Rih completely after four Russian missile strikes killed five people and injured 17 over the past five weeks. The company expects to record a non-cash impairment charge of about $1 billion.

ArcelorMittal Shuts Plant in Kryvyi Rih Due to Russian Strikes, Expects $1B Impairment Charge

We haven't written up this one. Kyiv Post has the full story — the link below goes straight to it.

Read the original at kyivpost.com →

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