ArcelorMittal Shuts Second Ukraine Unit Over Power Costs
ArcelorMittal is closing its Casting and Mechanical Plant due to high electricity costs and EU carbon regulations. These closures affect over 2,400 total jobs.
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The major steel producer ArcelorMittal Kryvyi Rih, a subsidiary of ArcelorMittal S.A., has announced the closure of its Casting and Mechanical Plant in Ukraine. This decision marks the second major unit shutdown for the company this year as it grapples with a deepening energy crisis exacerbated by ongoing military actions from Russia.
