September 26, 2026 - ArcelorMittal has informed the Government of Ukraine that it is unable to safely and sustainably restart operations at ArcelorMittal Kryvyi Rih following a series of deadly missile strikes on the steel and mining complex.

The decision follows four missile attacks on the operation over the past five weeks, resulting in five fatalities, 17 injuries and extensive damage to production facilities. One injured employee remains in critical condition.

The most recent attack occurred on September 21, following earlier strikes that prompted company statements on August 17 and September 14.

The company said it has concluded that conditions no longer allow ArcelorMittal Kryvyi Rih to operate safely. Discussions with the Ukrainian government are now focused on the future of the plant and preserving its infrastructure so that production could potentially resume when conditions permit.

Mauro Longobardo, CEO of ArcelorMittal Kryvyi Rih, said the decision was made with deep regret after years of efforts by employees to keep the company's mines and steelmaking operations running during the war.

"It is with deep regret that we have concluded that we are no longer able to safely operate ArcelorMittal Kryvyi Rih. Since the war started, our people in Ukraine have worked tirelessly to keep the mines and plant operating. They have been the embodiment of bravery, in circumstances most of us cannot begin to imagine."

Longobardo said ArcelorMittal is discussing the plant's future with the Government of Ukraine and will work to preserve the site's infrastructure.

"When peace finally returns, options for restarting production remain available," he said.

More Than $700 Million Provided to Support Operations

Since the beginning of the war in February 2022, ArcelorMittal said its primary focus in Ukraine has been the safety and economic security of its employees.

Workers across the company's international operations have supported their Ukrainian colleagues, while ArcelorMittal introduced a range of measures locally to assist employees and their families.

Despite the extraordinarily difficult operating environment, employees at ArcelorMittal Kryvyi Rih continued working to maintain the mines and plant for more than four years after the war began.

ArcelorMittal also provided more than $700 million in financial support to ArcelorMittal Kryvyi Rih to help maintain continuity of operations.

The company praised the strength and resilience demonstrated by the Ukrainian workforce throughout the conflict.

ArcelorMittal Expects $1 Billion Impairment Charge

The decision will also have a significant financial impact.

ArcelorMittal expects to record a non-cash impairment charge of approximately $1 billion, principally reflecting the impairment of property, plant and equipment at ArcelorMittal Kryvyi Rih.

For now, the company's attention will turn toward protecting and preserving as much of the operation's infrastructure as possible, leaving open the possibility that the facility could eventually return to production following the end of hostilities.

About ArcelorMittal

ArcelorMittal is one of the world's leading integrated steel and mining companies, with operations in 60 countries and primary steelmaking facilities in 14 countries.

The company is Europe's largest steel producer, ranks among the largest producers in the Americas and has a growing presence in Asia through its AM/NS India joint venture.

ArcelorMittal supplies steel to industries including automotive, engineering, construction and machinery. In 2025, the company generated $61.4 billion in revenue and produced 55.6 million metric tonnes of crude steel and 48.8 million tonnes of iron ore.

ArcelorMittal shares are traded on stock exchanges in New York, Amsterdam, Paris, Luxembourg and Spain.