Russian strikes shut Ukraine's biggest steelmaker, kill seven in Kyiv
MT•ArcelorMittal said it was shutting production at Ukraine’s largest steel plant because it could not operate safely after four strikes in five weeks. The company expects an impairment charge of around $1 billion; Russian strikes killed seven people and injured 58 in Kyiv on Friday.
1. Plant shuts production
ArcelorMittal said it had informed the Ukrainian government that safe and sustainable operations were no longer possible at its Kryvyi Rih plant after four strikes in five weeks caused extensive damage and killed five workers. The company expects to book a non-cash impairment charge of around $1 billion.
2. Attacks hit Kyiv
Russian strikes killed seven people in Kyiv on Friday, including a 14-year-old boy, and injured 58, according to the article’s opening account. The company said the plant produced 1.7 million metric tons of steel in 2025 and employed about 12,500 people and 3,500 contractors. It is discussing the plant’s future with Ukraine’s government and plans to preserve its infrastructure.
