Ukraine's largest steelmaker suspends operations at Pokrovsk coal mine
The closure comes amid an increasingly dangerous Russian advance towards Pokrovsk, where Ukraine has lost key positions in recent days.
The closure comes amid an increasingly dangerous Russian advance towards Pokrovsk, where Ukraine has lost key positions in recent days.
Mauro Longobardo, CEO of ArcelorMittal Kryvyi Rih, addressed the company's current situation and future plans, noting both progress and significant obstacles. He acknowledged the company's recovery efforts but highlighted the challenges they continue to face in 2024, including falling iron ore prices and stagnation in the European steel market. "For
The following is the Sept. 3, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. The noise is deafening inside global steel giant ArcelorMittal’s plant in Kryvyi Rih in Dnipropetrovsk Oblast — Ukraine’
The wiring of machines cranking out red-hot steel bars and ingots drowns out the shouts of workers donning sooty hard hats and protective jumpsuits. The noise is deafening inside global steel giant ArcelorMittal’s plant in Kryvyi Rih in Dnipropetrovsk Oblast — Ukraine’s largest steel plant — but quiet compared to