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

2 sources · first seen 13:00 25 Sept · updated 14:33 25 Sept

The brief

Written from 2 reports · check the source before you trade
  • The company faces a $1 billion impairment charge
  • Russian strikes killed workers and led to the shuttering of the Kryvyi Rih operations

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28 stories this week
  1. 27 SeptRussian strikes kill civilians and hit data centres and logistics targets in Ukraine2 sources · Reports put the death toll at four and six, respectively
  2. 27 SeptRussia defies German calls to ease off its 'dangerous' escalation toward it1 source · Russia’s top diplomat rejected German calls to ease its escalation toward Germany
  3. 27 SeptTrump renews Russia-Ukraine peace push, urges Zelensky, Putin to ‘make a deal... settle’1 source · Trump urged Zelensky and Putin to “settle” and make a deal
  4. 26 SeptUkraine says it struck Russian oil refinery as drone attacks intensify1 source
  5. 25 SeptPutin says all Ukraine peace proposals on table, but Russia must weigh its interests2 sources
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Read the reports

2 reports · earliest 13:00
Economic TimesArcelorMittal to book $1 billion charge as Russian strikes shutter Ukraine plant13:00Financial TimesArcelorMittal to shutter Ukraine plant after Russian strikes kill workers14:33