ArcelorMittal Ukraine Operations Remain Mostly Suspended After Missile Attacks on Power Supply
25 November 2022 - 4:09PM
Dow Jones News
By Pierre Bertrand
ArcelorMittal Kryvyi Rih PJSC said Friday that its operations
will restart as quickly as Ukrainian power supply allows after most
of its production processes were suspended due to Russian missile
strikes on Ukraine's infrastructure.
The Ukrainian subsidiary of Luxembourg-based steelmaker
ArcelorMittal said there isn't sufficient electricity to operate at
even 20% capacity.
Steel smelting and rolled products production operations have
been temporarily stopped until energy supplies in the country
stabilize, it said.
Two groups of coke ovens remain in operation but two others and
a blast furnace aren't in production, along with both open pits and
iron-ore mining at the plant, ArcelorMittal Kryvyi Rih said.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
November 25, 2022 09:54 ET (14:54 GMT)
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