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ArcelorMittal Halts Krivoy Rog Steel After Missile Strikes

By Drooid · Sep 27, 2026, 3:25 PM UTC · How we work

Summary

Story summary

ArcelorMittal Krivoy Rog halted steel production after repeated Russian missile strikes.
The plant was hit four times in five weeks, most recently on September 21.
CEO Mauro Longobardo said the company will preserve the plant’s infrastructure for a future restart.
ArcelorMittal expects a roughly $1 billion charge as the plant’s asset value falls.

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Story summary

ArcelorMittal Krivoy Rog halted steel production after repeated Russian missile strikes.
The plant was hit four times in five weeks, most recently on September 21.
CEO Mauro Longobardo said the company will preserve the plant’s infrastructure for a future restart.
ArcelorMittal expects a roughly $1 billion charge as the plant’s asset value falls.