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ArcelorMittal suspended production at Ukraine's largest steel plant, ArcelorMittal Kryvyi Rih, due to Russian strikes causing substantial damage and killing five workers. The company cited safety concerns and expects a $1 billion impairment charge. Ukrainian officials condemned the attacks, highlighting the impact on the steel sector, which contributes 7% of Ukraine's GDP. Metinvest also reported damage to its plants.

ArcelorMittal expects a $1 billion non-cash impairment charge due to inability to restart operations at its Ukrainian unit, ArcelorMittal Kryvyi Rih, following missile strikes.

Liberia won an arbitration case against Solway Mining, securing ArcelorMittal's iron ore licence. The tribunal ordered Liberia to pay Solway $314,619.47 for seized assets, far less than Solway's $200M claim. ArcelorMittal's licence remains unchallenged, allowing it to expand operations. The ruling confirms Liberia's liability under its Investment Act but limits damages. ArcelorMittal plans to increase production to 20M tonnes in 2026, with a total investment of $3.5B in Liberia.

Russian strikes have halted operations at three major Ukrainian steel plants, owned by Metinvest and ArcelorMittal, accounting for 90% of domestic steel output. The attacks have caused significant damage and fatalities, with no clear timeline for resumption. The economic impact is estimated at nearly $10 billion, affecting GDP, tax revenues, and employment. Ukraine's steel production has already declined by 65% since 2021.

ArcelorMittal Belgium received the Oceana Frontier, the world's first LNG-powered bulk carrier, at its Ghent quay. The vessel, carrying iron ore, reduces carbon emissions by 23% compared to conventional fuels. ArcelorMittal views LNG as a transitional solution for sustainable raw material transport. The arrival allows the company to gain operational experience with LNG-powered vessels. North Sea Port is preparing infrastructure for alternative marine fuels.

ArcelorMittal and Moeve have partnered to create the Green Molecules to Green Steel (G2G) platform, a 50-50 joint venture focused on developing low-emissions steel production technologies. The initiative will explore green molecules like biomethane, renewable hydrogen, and biogas, along with carbon capture and AI-driven material development. Funding will come from the companies' resources and public support, with regulatory approval pending.

ArcelorMittal Kryvyi Rih reports that a Russian missile strike killed two employees and injured two others, damaging production and auxiliary facilities. The company is assessing the damage and activated its emergency response plan. A previous strike in August caused fatalities and injuries, and disrupted operations.

ArcelorMittal raised HRC prices in Europe by €20/t for November 2026 deliveries due to higher raw material and energy costs. The increase follows strong order books and reduced import competition. Prices in Southern Europe now stand at €790/t, up from €770/t.

Liberia's President Boakai has ratified a 2050 agreement with ArcelorMittal, extending its mining concession and investing $3.5B. The deal includes a $200M upfront payment, rail expansions to 30M tonnes/year, and multi-user rail access by 2030. Ivanhoe Atlantic will invest $1.8B for infrastructure and access. The agreement aims to boost Liberia's GDP and transition rail to multi-user operations.

ArcelorMittal Liberia and the Liberian government are establishing a U.S.$5 million annual fund for Nimba, Bong, and Grand Bassa counties. The fund, an increase from U.S.$3 million, will be overseen by a Community Development Committee. The government and company are discussing the committee's composition and ensuring the fund benefits local communities, with a focus on alternative livelihoods and infrastructure projects.