ArcelorMittal / Ukraine: shutdown of a second plant, because of "high energy costs and CBAM impact"

ArcelorMittal Kryvyi Rih announces the forced shutdown of its subsidiary “Casting and Mechanical Plant” (LMZ).The shutdown of LMZ comes into effect three months from the announcement, made on 27/02/2026. It reflects current economic and market conditions in Ukraine during the full-scale war.

The key reason is the energy crisis, particularly the...