ArcelorMittal shuts Ukraine plant after Russian strike kills workers, $1bn charge

Russian strikes on ArcelorMittal's Kryvyi Rih operations killed workers and forced the steelmaker to shutter the plant, triggering a $1bn impairment charge. This marks a direct hit on foreign industrial investment in Ukraine, escalating the economic cost of the war. The closure signals sustained disruption to Ukrainian steel output and raises concerns about further foreign divestment.