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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