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ArcelorMittal Can’t Restart Kryvyi Rih Plant After Missile Damage

By Drooid · Sep 25, 2026, 10:34 AM UTC · How we work

Summary

Story summary

ArcelorMittal SA says it cannot restart the Kryvyi Rih steel plant in Ukraine.
The company expects an impairment charge of about $1 billion for the subsidiary.
Four missile strikes in five weeks killed five workers and injured seventeen at the plant.
The attacks caused extensive damage to production facilities, making safe operations impossible.
CEO Mauro Longobardo will discuss the plant’s future with Ukraine’s government and preserve infrastructure for a post-war restart.

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Story summary

ArcelorMittal SA says it cannot restart the Kryvyi Rih steel plant in Ukraine.
The company expects an impairment charge of about $1 billion for the subsidiary.
Four missile strikes in five weeks killed five workers and injured seventeen at the plant.
The attacks caused extensive damage to production facilities, making safe operations impossible.
CEO Mauro Longobardo will discuss the plant’s future with Ukraine’s government and preserve infrastructure for a post-war restart.