ArcelorMittal to 'Slow Down' Production in Ukraine
24 Februar 2022 - 2:11PM
Dow Jones News
By Ed Frankl
ArcelorMittal is slowing down production at its major steel
plant in Ukraine to "a technical minimum" and will stop production
at its underground mines, the company said in a tweet Thursday.
The steelmaker runs one of Europe's biggest steel mills at
Kryvyi Rih in central Ukraine, and has around 29,000 employees and
contractors in the country.
"ArcelorMittal is deeply concerned about the developments in
Ukraine and potential impact this will have on our colleagues in
the country. Our priority is our people and we had developed plans
to help them stay safe should the situation escalate in this way,"
the Luxembourg-based company said.
"As far as our plant is concerned, our team is working to slow
down production to a technical minimum and production will be
stopped at our underground mines," it added.
Earlier this month, ArcelorMittal said it had contingency plans
in place should the situation in Ukraine escalate.
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
February 24, 2022 07:56 ET (12:56 GMT)
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