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ArcelorMittal Shuts Ukraine’s Largest Steel Plant After Strikes

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Story summary
  • ArcelorMittal shut Ukraine’s largest steel plant after four Russian airstrikes in five weeks made operations unsafe.
  • The strikes killed five workers and damaged the facility.
  • Before closure, the plant employed about 12,500 workers and 3,500 contractors.
  • Ukraine’s steel sector accounts for 15% of the country’s exports.
  • President Zelenskyy said Ukraine needs an additional $27 bn from partners for defence spending this year.