ArcelorMittal records record losses due to Kryvorizhstal shutdown

Financial consequences of the production halt

ArcelorMittal, the owner of Kryvorizhstal, has published its financial results for the third quarter of 2026. The primary factor affecting the figures was the suspension of operations at the plant. The total amount of losses associated with the halt exceeded $1.1 billion.

A breakdown of these losses indicates that $852 million represents asset impairments, while a further $293 million consists of extraordinary expenses directly linked to the suspension of production capacities. Taking tax obligations into account, the total size of the losses reaches $1.315 billion.

Company profitability dynamics

Between July and September 2026, ArcelorMittal recorded a net loss of $391 million. For comparison, in the second quarter of the current year, the company posted a net profit of $683 million.