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BackArcelorMittal Stopped Production at its Steel Plant in Ukraine
ArcelorMittal Stopped Production at its Steel Plant in Ukraine
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Milliyet Son Dakika52 minutes agoBusiness1 min readTürkiyeView original

ArcelorMittal Stopped Production at its Steel Plant in Ukraine

Following the deadly airstrikes in Kiev, ArcelorMittal stopped production at its factory in Ukraine due to security concerns.

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Steel producer ArcelorMittal has stopped production at its largest steel mill in Ukraine due to Russia's airstrikes that killed seven people in Kiev and increased security risks.

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Why It Matters

Russian airstrikes on Kiev killed seven people and injured 58.

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Steelmaker ArcelorMittal said it has halted production at Ukraine's largest steel mill to highlight the mounting economic impact of Russia's air strikes in Kiev on Friday, which killed seven people, including a 14-year-old boy, and injured 58 others.

ArcelorMittal said on Friday that it had notified the Ukrainian government that "safe and sustainable" operations were not possible after four strikes in five weeks led to extensive damage and the deaths of five workers at the southeastern factory.

IT CONSISTS 15% OF THE COUNTRY'S EXPORTS

The closure is another blow to Ukraine's once-strong steel sector, which previously accounted for 15 percent of the country's exports but has been under pressure from Russian attacks and restrictions from the EU, its biggest trading partner.

Open Questions

  • When will production restart?
  • What additional measures will be taken for the safety of employees?

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This article was originally published by Milliyet Son Dakika.

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