ArcelorMittal Kryvyi Rih Announces Closure of Major Production Unit Amid EU Carbon Tax and Energy Challenges
Ukraine's largest steelmaker will close its blooming mill due to EU carbon policies and high energy costs. The move follows Russian attacks on infrastructure.
Insights:
ArcelorMittal Kryvyi Rih, which stands as the largest manufacturer of Steel in UA 
UA, announced that it will close its blooming mill production unit in the second quarter of 2026. Located approximately 70 kilometers from the front line in south-eastern UA, the facility is a critical component of the enterprise, producing billets for small-gauge and wire mills. Management cited the implementation of the Carbon Border Adjustment Mechanism (CBAM) by the EU 
EUas a primary driver, stating the policy has effectively closed the market for a significant portion of metallurgical products from UA.
UA, announced that it will close its blooming mill production unit in the second quarter of 2026. Located approximately 70 kilometers from the front line in south-eastern UA, the facility is a critical component of the enterprise, producing billets for small-gauge and wire mills. Management cited the implementation of the Carbon Border Adjustment Mechanism (CBAM) by the EU EUas a primary driver, stating the policy has effectively closed the market for a significant portion of metallurgical products from UA.
