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ArcelorMittal to book $1 billion charge after missile strikes in Ukraine

ArcelorMittal to book $1 billion charge after missile strikes in Ukraine

- 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)

((zakarya.meliani@thomsonreuters.com))

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