ArcelorMittal cannot restart Ukrainian plant and expects $1 billion impairment
ArcelorMittal ($MT) said it cannot restart its Kryvyi Rih operation in Ukraine safely and sustainably after four missile strikes in five weeks. The company reported five deaths, 17 injuries and extensive damage to production facilities. It has notified the Ukrainian government and is discussing the plant’s future rather than announcing a near-term return to production. The group expects an approximately $1 billion noncash impairment, principally relating to property, plant and equipment at the s
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