Market Chatter: ArcelorMittal to Shut Down Steelmaking Production Unit in Ukraine in Q2

MT Newswires Live

01/26

ArcelorMittal (MT) Kryvyi Rih is set to shut down a production unit in Ukraine in Q2, citing the impacts of EU environmental policy and high power costs in the country due to Russian military attacks on energy infrastructure, Reuters reported Monday, citing the steelmaker.

The EU's Carbon Border Adjustment Mechanism, a carbon tax based on emissions applied on Jan. 1, effectively closes the export of a significant portion of Ukrainian metallurgical products.

The policy means an additional $60 to $90 per ton access cost to the EU market and caused the company's European customers to halt all orders, according to a letter published on the company website from ArcelorMittal Kryvyi Rih CEO Mauro Longobardo.

The company did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AMSYF","symbol_name":"ArcelorMittal","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2606824321","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2606824321","pubTimestamp":1769434693,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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