ArcelorMittal Halts Ukrainian Operations After Deadly Missile Strikes

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ArcelorMittal Halts Ukrainian Operations After Deadly Missile Strikes

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Global steelmaker ArcelorMittal has indefinitely suspended operations at its Ukrainian subsidiary, ArcelorMittal Kryvyi Rih, following a series of missile strikes that have made safe and sustainable operation impossible. The company informed the Ukrainian government of its decision on Friday, September 25, 2026.

Over the past five weeks, the Kryvyi Rih plant has been targeted by four missile strikes, with the most recent attack occurring on September 21. These attacks caused extensive damage to production facilities and resulted in five employee deaths and 17 injuries, with one employee remaining in critical condition. Mauro Longobardo, CEO of ArcelorMittal Kryvyi Rih, expressed deep regret over the conclusion that safe operation was no longer feasible.

ArcelorMittal anticipates recording a non-cash impairment charge of approximately $1 billion, primarily reflecting the reduced value of property, plant, and equipment at the Kryvyi Rih site. Since the full-scale invasion of Ukraine began in February 2022, ArcelorMittal has provided over $700 million in financial support to its Ukrainian operation and implemented measures to support employees and their families during the conflict.

The company plans to focus on preserving the plant’s key infrastructure, allowing for the possibility of restarting production once peace is restored. The shutdown of ArcelorMittal Kryvyi Rih, Ukraine’s largest steel plant, represents another significant blow to the country’s steel sector, which accounts for 15% of its exports.

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