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Russia launched a wide-scale military attack on Ukraine on February 24. In addition to the immediate threat to people''s lives in Ukraine, the country''s transportation and logistics systems and major industries, including steel, were also threatened.
At present, a number of steel mills had issued statements that they were suspending production or reducing production significantly.
ArcelorMittal announced it had decided to work to slow down the company''s operations in Kryvyi Rih, Ukraine, and halt production at its underground mine.
Ukraine’s pipeline producer, Interpipe Group, also announced a temporary suspension of operations and production at its assets in Dnipro, Ukraine.
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