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ArcelorMittal Halts Kryvyi Rih Steel Production After Missile Strikes
By Drooid · · How we work
Recent Missile Strikes and Casualties
Over a five-week period ending on September 21, the ArcelorMittal Kryvyi Rih plant in Ukraine was hit by four missile attacks. The strikes caused five employee deaths and seventeen injuries, with one victim remaining in critical condition. The company announced on September 25, 2026 that it can no longer operate the facility safely.
Financial Impact
ArcelorMittal SA said it will record an impairment charge of approximately $1 billion for its Ukrainian subsidiary. Since the start of the war, the group has already contributed more than $700 million to keep the Kryvyi Rih operations running, but the recent damage has forced the decision to suspend production.
Official Response
Mauro Longobardo, chief executive officer of ArcelorMittal Kryvyi Rih, issued a statement expressing regret and outlining the company’s next steps:
“It is with deep regret that we have concluded that we are no longer able to safely operate,” — Mauro Longobardo, chief executive officer of ArcelorMittal Kryvyi Rih
He added that ArcelorMittal is discussing the plant’s future with the Ukrainian government and will focus on preserving the infrastructure so that production can resume when peace returns.
Outlook for the Facility
The company’s current plan is to maintain the plant’s physical assets while awaiting a stable security environment. No specific timeline for reopening has been provided; the restart will depend on the cessation of hostilities and the ability to guarantee worker safety.