ArcelorMittal halts Ukraine plant restart after missile strikes, expects $1B impairment loss

ArcelorMittal South Africa announced it cannot safely restart its Kryvyi Rih steel plant in Ukraine following four missile strikes over five weeks, which caused extensive damage and casualties. The company expects a non-cash impairment charge of about $1 billion due to damage to property and equipment. Despite halting production, ArcelorMittal will focus on preserving the plant infrastructure while discussing its future with the Ukrainian government, with no set timeline for resumption. Since Russia's invasion began, the company has provided over $700 million in financial support to maintain operations and prioritize employee safety.

ArcelorMittal (MT) shares trade at USD 70.88 on Pluang as of Sep 25, 2026 21:41 WIB, down 0.59% in one day. The stock's market cap stands at $53.10 billion with a 52-week high of $78.74 and low of $36.15. Investor interest remains strong, with 100% buy orders on Pluang and a typical hold time of 35 days.