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ArcelorMittal halts Ukrainian steelmaking operations

 ArcelorMittal halts Ukrainian steelmaking operations

(Posted on 04/03/22)

ArcelorMittal has confirmed it has taken the decision to idle its steelmaking operations in Kryvyi Rih, Ukraine in order to ensure the safety and security of its people and assets.

The Company has been evaluating the situation on a daily basis and production had previously been reduced with the plant operating at a technical minimum (approximately one-third of its normal production levels).

The process to idle all blast furnaces has commenced. The process to safely idle these assets while maintaining asset integrity will take between seven and ten days.

ArcelorMittal is deeply concerned about the situation in Ukraine and the threat to employees and the entire Ukrainian population.

ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and primary steelmaking facilities in 17 countries. In 2020, ArcelorMittal had revenues of $53.3 billion and crude steel production of 71.5 million metric tonnes, while iron ore production reached 58.0 million metric tonnes.

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