ArcelorMittal halts production at its Ukrainian steelmaking operations
03 März 2022 - 04:30PM
3 March 2022,
16:30
CET
ArcelorMittal (‘the Company’) can confirm it has today taken the
decision to idle its steelmaking operations in Kryvyi Rih, Ukraine
in order to ensure the safety and security of our people and
assets.
The Company has been evaluating the situation on a daily basis
and production had previously been reduced with the plant operating
at a technical minimum (approximately one-third of its normal
production levels).
The process to idle all blast furnaces has commenced today. The
process to safely idle these assets while maintaining asset
integrity will take between seven and ten days.
ArcelorMittal is deeply concerned about the situation in Ukraine
and the threat to our employees and the entire Ukrainian
population.
ENDS
About ArcelorMittal
ArcelorMittal is the world's leading steel and
mining company, with a presence in 60 countries and primary
steelmaking facilities in 17 countries. In 2021, ArcelorMittal had
revenues of $76.6 billion and crude steel production of 69.1
million metric tonnes, while iron ore production reached 50.9
million metric tonnes.
Our goal is to help build a better world with
smarter steels. Steels made using innovative processes which use
less energy, emit significantly less carbon and reduce costs.
Steels that are cleaner, stronger and reusable. Steels for electric
vehicles and renewable energy infrastructure that will support
societies as they transform through this century. With steel at our
core, our inventive people and an entrepreneurial culture at heart,
we will support the world in making that change. This is what we
believe it takes to be the steel company of the future.
ArcelorMittal is listed on the stock exchanges
of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and
on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and
Valencia (MTS).
For more information about ArcelorMittal please
visit: http://corporate.arcelormittal.com/
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Contact
information ArcelorMittal Investor Relations |
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General |
+44 20 7543
1128 |
Retail |
+44 20 3214
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+44 20 3214
2801 |
Bonds/CreditE-mail |
+33 171 921
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Contact
information ArcelorMittal Corporate Communications |
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Paul
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