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Home Breaking NewsArcelorMittal to book $1 billion charge after missile strikes in Ukraine

ArcelorMittal to book $1 billion charge after missile strikes in Ukraine

by Ainam
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The logo of steel producer ArcelorMittal is seen outside the company office building in Saint-Denis, near Paris, France, July 23, 2026. REUTERS

Sept 25 (Reuters) – Steelmaker ArcelorMittal  said ​on Friday ‌it expected to record ​a non-cash ​impairment charge of ⁠around $1 ​billion after telling ​the Ukrainian government that it ​was ​unable to restart operations ‌at ⁠its ArcelorMittal Kryvyi Rih unit ​in ​a ⁠safe and sustainable ​manner following ​repeated ⁠missile strikes.

Reporting by ⁠Zakarya ​Meliani ​in Gdansk; editing by ​Milla Nissi-Prussak

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