ArcelorMittal to book $1 billion charge after missile strikes in Ukraine
ArcelorMittal to book $1 billion charge after missile strikes in Ukraine Sept 25 (Reuters) - Steelmaker ArcelorMittal MT.LU said on Friday it expected to record a non-cash impairment charge of around $1 billion after telling the Ukrainian government that it was unable to restart operations at its ArcelorMittal Kryvyi Rih unit in a safe and sustainable manner following repeated missile strikes.
(Reporting by Zakarya Meliani in Gdansk; editing by Milla Nissi-Prussak)
Recent news on ArcelorMittal SA
See all newsMedia: IDC Nears $610 Million Deal for ArcelorMittal South Africa - Bloomberg News
Russia says it hit Ukrainian steel plants, power infrastructure and ships (updated)
Russian defence ministry says it hit Ukrainian steel plants, power infrastructure overnight
European steel's recent weakness offers good entry point, JPM says
Brief: ArcelorMittal Moves Forward With Steel Projects In Dunkirk, Mardyck