Breaking
KRRussian airstrikes halt production at Ukraine's largest steel millKRJeju Island continues to experience damage from wind and rain amid heavy rain and strong wind warningsRUNew York Governor declares state of emergency due to stormCNZhou Tiancheng defeated the Bangladeshi player in the top 32 Asian Games men's singles in 21 minutes to advance to the top 16CRYPTO-ENBitget reports $387.5 million in assets stolen in Sept. 24 wallet breach, withdrawals suspendedINSuruchi Singh and Kamaljeet win Asian Games gold in 10m air pistol mixed team event after individual disappointmentsBRDebate of the Amazon Network brings together candidates for the Senate for Acre in Rio BrancoCNYang Daigang, a famous player living in Japan, retired from the game today, bringing an end to his 21-year professional baseball career.DEFour teenagers seriously injured in a hit-and-run accident in WittenKRAn arrest warrant is requested for a man in his 60s who brandished a weapon at an acquaintance while drunk in Jeongseon-seo.KRRussian airstrikes halt production at Ukraine's largest steel millKRJeju Island continues to experience damage from wind and rain amid heavy rain and strong wind warningsRUNew York Governor declares state of emergency due to stormCNZhou Tiancheng defeated the Bangladeshi player in the top 32 Asian Games men's singles in 21 minutes to advance to the top 16CRYPTO-ENBitget reports $387.5 million in assets stolen in Sept. 24 wallet breach, withdrawals suspendedINSuruchi Singh and Kamaljeet win Asian Games gold in 10m air pistol mixed team event after individual disappointmentsBRDebate of the Amazon Network brings together candidates for the Senate for Acre in Rio BrancoCNYang Daigang, a famous player living in Japan, retired from the game today, bringing an end to his 21-year professional baseball career.DEFour teenagers seriously injured in a hit-and-run accident in WittenKRAn arrest warrant is requested for a man in his 60s who brandished a weapon at an acquaintance while drunk in Jeongseon-seo.
BackArcelorMittal closes Ukraine's largest steel plant amid Russian airstrikes
ArcelorMittal closes Ukraine's largest steel plant amid Russian airstrikes
Developing
Guardian International1 hour agoBusiness2 min read

ArcelorMittal closes Ukraine's largest steel plant amid Russian airstrikes

Quick Look

  • ArcelorMittal has closed Ukraine's largest steel plant in Kryvyi Rih after four Russian airstrikes in five weeks caused extensive damage and killed five workers, citing unsafe and unsustainable operations.
  • The closure highlights the growing economic toll of the war on Ukraine's steel sector, which once accounted for 15% of exports.
  • Ukrainian President Zelenskyy warned that Russia is expanding attacks on civilian infrastructure, including warehouses and datacentres, and urged international partners to increase defence funding, including accelerated EU loans and investment in Ukrainian-made drones.

AI-generated summary

Why It Matters

Ukraine's steel sector once accounted for 15% of the country's exports but has come under pressure from Russian attacks and EU restrictions. ArcelorMittal is the world's second-largest steelmaker.

Font size

The world’s second biggest steelmaker, ArcelorMittal, has closed Ukraine’s largest steel plant, highlighting the growing economic toll from Russian airstrikes. The multinational ⁠said on Friday it had told ​the Ukrainian government that “safe and sustainable” operations were not possible after four strikes in five weeks caused extensive damage and killed five workers at the plant in Kryvyi Rih in central Ukraine. The decision is another blow to Ukraine’s steel sector, which used to account for 15% of the country’s exports ⁠but has come under pressure from Russian attacks and restrictions from the EU. Russia has increased airstrikes on Ukraine in recent months using ballistic missiles and jet-powered drones that have hit businesses, logistics networks, Black Sea port facilities and civilian infrastructure.

The ArcelorMittal closure comes as the Ukrainian president, Volodymyr Zelenskyy, said ⁠on Friday that Russia was constantly expanding its attacks on infrastructure Ukrainians relied on for daily life, such as datacentres and warehouses. “There were also drone strikes today on a warehouse used by McDonald’s. An attack drone – against ordinary food products … American and other businesses, datacentres, internet providers – for Russia, ordinary life in and of itself is simply a target,” Zelenskyy said on X. “All of this undermines people’s ability to stay connected, study, and work.”

The Ukrainian president said the European Union and the International Monetary Fund understood the importance of helping Kyiv finance its budget deficit and ⁠defence spending. Ukraine is seeking ⁠an additional $27bn from partners this year for defence, saying the cost of the war has risen. Kyiv has asked to ⁠bring forward part of a loan from the EU. Zelenskyy said Ukraine needed to order ​drones in October and November or ‌it would face challenges ‌at the start of next year. “Everyone understands that Ukraine cannot be alone, and that more ‌investment is needed in Ukrainian-made drones and missiles,” he told reporters in a WhatsApp briefing.

Zelenskyy has asked Donald Trump to press China’s leader to use Beijing’s influence over Moscow to get Russia to end the war. On Friday, Zelenskyy told reporters he had not yet heard from the White House about Trump’s talks with Chinese president Xi Jinping but expected to learn the outcome soon. Zelenskyy was in the US this week on a trip coinciding with the UN general assembly. He met Trump on Tuesday. Nato countries have called China a “decisive enabler” of Russian President Vladimir Putin’s invasion.

Meanwhile, Putin has claimed Russia is not preparing for “any kind” of conflict with Europe. Putin made his comments after warnings from some European Nato members of potential Russian attacks on the alliance’s territory, including Denmark’s defence intelligence service, which this week warned of a “low but growing risk” that Russia could launch long-range strikes on Nato infrastructure supporting Ukraine. Putin said Russia had “no real motive” to escalate tensions and criticised European countries that have suggested otherwise. “I want to emphasise once again: we are not preparing for any kind of hostilities with Europe,” he said.

Senior European officials have sought to play down fears that ⁠potential election victories by Ukraine-sceptic parties in France and Germany could undermine support for Kyiv. Speaking to Reuters on the sidelines of the UN general assembly, officials acknowledged risks posed by shifting electoral tides but said support ⁠for Kyiv would endure. Lithuanian Foreign Minister Kestutis Budrys acknowledged elections were one of the factors shaping calculations about future support but said backing for Ukraine would endure even if some countries became less committed: “If someone additionally will fall from those ⁠strong supporters of Ukraine, others will stand because this is in our interest.” Estonian Foreign Minister Margus Tsahkna said concerns about elections should not distract Europe from Ukraine’s immediate needs. “The main thing is not only about elections, it’s about Ukraine,” he said.

A bipartisan group of 14 senators is urging Trump to rescind the invitation to Russian President Vladimir Putin to attend the G20 summit to be held in Florida in December. “President Putin bears sole responsibility for launching Russia’s full-scale war of aggression against Ukraine. Allowing him to participate in a G20 Summit in the United States raises serious concerns about legitimising and normalising a government that continues to attack Ukrainian civilian targets every day,” the senators wrote in a letter. Among those who signed the letter are Jeanne Shaheen, Mitch McConnell, Roger Wicker, and Chris Coons.

What to Watch

AI outlook — possibilities, not facts

  • Ukraine will receive accelerated EU loan funding to support its budget deficit and defence spending

    Likely · Within weeks

  • Ukraine will increase orders for domestically produced drones and missiles in October and November

    Likely · Within months

  • The bipartisan group of U.S. senators will succeed in persuading Trump to rescind Putin's invitation to the G20 summit in Florida

    Possible · Within weeks

Open Questions

  • What is the timeline for potential reopening of the Kryvyi Rih plant?
  • What specific defence systems is Ukraine seeking to order in October and November?
  • What was the outcome of Donald Trump's talks with Chinese President Xi Jinping regarding influencing Moscow to end the war?
  • Will the EU agree to bring forward part of Ukraine's loan?

Related Topics

This article was originally published by Guardian International.

Related Stories

Michigan Credit Union CEO Fired Over AI-Generated Trump 'Lake America' Sweater Photo Posted on 9/11 Anniversary
Developing·

Michigan Credit Union CEO Fired Over AI-Generated Trump 'Lake America' Sweater Photo Posted on 9/11 Anniversary

Jane Smith was terminated as CEO of Family First Credit Union in Michigan after posting an AI-altered family photo showing sweaters with 'Lake America' — a term from Trump's executive order renaming Lake Ontario — on Facebook on the 25th anniversary of 9/11. The post drew backlash in Canada for being insensitive, especially given Halifax's role in hosting diverted 9/11 flights, and Smith apologized for poor judgment before her dismissal.

Guardian World
2 min read
Saudi oil exports surge despite pipeline closure and Iran conflict
Developing·

Saudi oil exports surge despite pipeline closure and Iran conflict

Saudi Arabia's crude oil exports rose to 6 million barrels per day in September, the highest level since the Iran war began seven months ago, despite closing the East-West pipeline due to drone attack damage. Exports have nearly doubled from August's 3.4 million bpd as Saudi Arabia redirected shipments through the Strait of Hormuz with U.S.-secured shipping lanes, while Brent crude prices pulled back from $110 after initial spike.

CNBC World
2 min read
More on this topicarcelormittal