ArcelorMittal to book $1 billion charge as Russian strikes shutter Ukraine plant

Economic Times - Sep 25, 2026

ArcelorMittal announced it will incur a non-cash impairment charge of approximately $1 billion. This charge results from repeated missile strikes damaging its Kryvyi Rih operations in Ukraine. The company has already supported the unit with over $700 million since the conflict began. It will prioritize preserving infrastructure while discussing the plant's future with the government. The firm hopes to explore options for resuming production once peace is restored.

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ArcelorMittal to book $1 billion charge as Russian strikes shutter Ukraine plant

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