Business · Companies · 3 hrs ago

Kryvyi Rih Urges ArcelorMittal to Keep Its Steel Plant Operating

Kryvyi Rih Urges ArcelorMittal to Keep Its Steel Plant Operating

Kryvyi Rih officials have asked ArcelorMittal to keep its steel plant operating in the Ukrainian city.

The plant, ArcelorMittal Kryvyi Rih, employs about 17,000 people, and local officials warn that job losses could hurt many families and the city’s economy.

The company plans a cold shutdown lasting about two months, after which equipment would be preserved so production could potentially resume.

ArcelorMittal says damage to industrial facilities means it cannot safely restart production after strikes.

City officials also warn that mine-water systems, dams and waste-storage sites need ongoing maintenance even if steelmaking stops.

They have proposed keeping some operations, including iron-ore concentrate production and shipments to the company’s European plants, while the company says it does not plan to leave Ukraine.

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