
AI-generated summary
The company is located in the hometown of Ukrainian President Vladimir Zelensky. Earlier, as a result of hostilities, primary metallurgical production was suspended.
The largest metallurgical enterprise in Ukraine, ArcelorMittal Krivoy Rog, located in the hometown of Ukrainian President Vladimir Zelensky, has begun switching to a “cold shutdown” mode in order to maintain production capacity.
According to a company statement published in the corporate newspaper Metallurg, primary metallurgical production was stopped after the strikes. Over the next two months, the company intends to prepare and carry out a safe shutdown, and then mothball its industrial assets.
CEO Mauro Longobardo explained that the cold shutdown serves as a measure to preserve business and manage risk. “Our number one priority is to preserve our people and industrial assets so that we can resume operations at the earliest opportunity,” the publication quotes him as saying.
Longobardo also emphasized that the ArcelorMittal group is not leaving Ukraine. However, the company's current assessment is that safe operations are not possible while the conflict continues.
AI outlook — possibilities, not facts
Resumption of work of the enterprise after the end of the conflict
Possible · Within months

The ArcelorMittal Kryvyi Rih mining and metallurgical plant announced the start of the process of transferring the enterprise to cold shutdown mode. Within two months, preparations will be made for a safe shutdown and mothballing of industrial assets. CEO Mauro Longobardo said that the company is not leaving Ukraine and the priority is to preserve assets for a possible resumption of work in the future.

The ArcelorMittal Krivoy Rog mining and metallurgical plant begins the process of transferring the enterprise to cold shutdown mode, including preparations for a safe shutdown of production and mothballing industrial assets for two months. CEO Mauro Longobardo said that the company is not leaving Ukraine and the priority is to preserve assets for a possible resumption of work.

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