By Cristina Roca 
 

ArcelorMittal said Thursday that it has decided to halt its steelmaking operations in Kryvyi Rih, Ukraine.

Kryvyi Rih is one of Europe's biggest steel mills and has around 29,000 employees and contractors in the country.

The steelmaker had previously reduced production to a technical minimum, but decided to halt production entirely, "in order to ensure the safety and security of our people and assets."

The process to safely idle the plant's blast furnaces should take up to ten days, ArcelorMittal said.

 

Write to Cristina Roca at cristina.roca@wsj.com

 

(END) Dow Jones Newswires

March 03, 2022 10:59 ET (15:59 GMT)

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