ArcelorMittal expects $1B charge after Ukraine strikes
The expected approximately US$1 billion non-cash impairment principally reflects property, plant and equipment at ArcelorMittal Kryvyi Rih.
Rhea-AI Filing Summary
ArcelorMittal said it is unable to restart operations at its Ukrainian subsidiary, ArcelorMittal Kryvyi Rih, in a safe and sustainable manner after multiple missile strikes. Four strikes targeted the plant over five weeks, claiming five lives and injuring 17 employees; one remains in critical condition.
The company is discussing the plant’s future with the Government of Ukraine and said it will focus on preserving infrastructure so options to restart production remain available when peace returns. ArcelorMittal has provided over US$700 million to the subsidiary to support continuity of operations. It expects to record a non-cash impairment charge of approximately US$1 billion, principally reflecting impairment of property, plant and equipment at Kryvyi Rih.
Positive
- None.
Negative
- Kryvyi Rih: four missile strikes; safe, sustainable restart not possible.
- Expected non-cash impairment: approximately US$1 billion.
Key Figures
Expected non-cash impairment charge: Approximately US$1 billion
Financial support: Over US$700 million
Missile strikes: 4 strikes
+3 more
6 metrics
Expected non-cash impairment charge
Approximately US$1 billion
Principally reflects impairment of property, plant and equipment at ArcelorMittal Kryvyi Rih
Financial support
Over US$700 million
Provided to ArcelorMittal Kryvyi Rih to support continuity of operations
Missile strikes
4 strikes
Targeted ArcelorMittal Kryvyi Rih over five weeks
Fatalities
5 lives
Claimed by the four attacks
Employees injured
17 employees
One remains in critical condition
Employees in critical condition
1 employee
Following the attacks
Key Terms
non-cash impairment charge, property, plant and equipment, primary steelmaking operations
3 terms
non-cash impairment charge financial
"non-cash impairment charge of approximately US$1 billion"
A non-cash impairment charge is an accounting write-down that lowers the recorded value of an asset on a company’s books when that asset is judged to be worth less than before. It reduces reported profit for the period without using any cash — like lowering the listed price of a used car in your records — and matters to investors because it can shrink earnings, change valuation metrics, and signal potential problems that might affect future cash flow or credit terms.
property, plant and equipment financial
"impairment of property, plant and equipment at ArcelorMittal Kryvyi Rih"
Property, plant and equipment are a company’s long-term physical assets—land, buildings, factories, machinery, vehicles and similar items—used in day-to-day operations rather than held for sale. They appear on the balance sheet at cost less accumulated depreciation (except land) and represent the resources a business uses to produce goods or services; changes in these assets affect future production capacity, cash spending for maintenance or replacement, and reported profits through depreciation.
primary steelmaking operations technical
"primary steelmaking operations in 14 countries"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What impairment does ArcelorMittal (MT) expect from Kryvyi Rih?
ArcelorMittal expects to record a non-cash impairment charge of approximately US$1 billion, principally reflecting property, plant and equipment at ArcelorMittal Kryvyi Rih.
How many people were killed or injured in the attacks at MT’s Kryvyi Rih plant?
The four attacks claimed five lives and injured 17 employees; one injured employee remains in critical condition.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
—————————
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
—————————
Dated September 25, 2026
Commission File Number: 001-35788
ARCELORMITTAL
(Translation of registrant’s name into English)
24-26, Boulevard d’Avranches
L-1160 Luxembourg
Grand Duchy of Luxembourg
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☑ Form 40-F ☐
On September 25, 2026, ArcelorMittal published the press release attached hereto as Exhibit 99.1 and hereby incorporated by reference into this report on Form 6-K.
Exhibit Index
| Exhibit No. | Description | ||||
Exhibit 99.1 | ArcelorMittal announces that it is unable to safely and sustainably restart operations at ArcelorMittal Kryvyi Rih following multiple recent missile strikes | ||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
ARCELORMITTAL
Date 25 September 2026
By: /s/ Henk Scheffer
Name: Henk Scheffer
Title: Company Secretary & Group Compliance & Data Protection Officer
Exhibit 99.1
press release
ArcelorMittal announces that it is unable to safely and sustainably restart operations at ArcelorMittal Kryvyi Rih following multiple recent missile strikes
25 September, 08:30 CET
Further to the statements issued on 17 August (https://corporate.arcelormittal.com/media/news/regulatory-news/arcelormittal-statement-regarding-missile-strike-on-its-ukraine-plant) and 14 September (https://corporate.arcelormittal.com/media/news/regulatory-news/statement-regarding-missile-strike-on-arcelormittal-kryvyi-rih) following missile strikes on ArcelorMittal Kryvyi Rih, ArcelorMittal (‘the Company’) has with deep regret advised the Government of Ukraine that it is unable to restart operations at its Ukrainian subsidiary in a safe and sustainable manner.
Over the past five weeks, ArcelorMittal Kryvyi Rih has been targeted by four missile strikes, resulting in fatalities, injuries and extensive damage to production facilities. The most recent attack occurred on 21 September. In total the four attacks claimed five lives and injured 17 employees, one of whom remains in a critical condition.
Commenting, Mauro Longobardo, ArcelorMittal Kryvyi Rih CEO, said:
"It is with deep regret that we have concluded that we are no longer able to safely operate ArcelorMittal Kryvyi Rih. Since the war started, our people in Ukraine have worked tirelessly to keep the mines and plant operating. They have been the embodiment of bravery, in circumstances most of us cannot begin to imagine. We are discussing the future of the plant with the Government of Ukraine and will focus on preserving the infrastructure, so when peace finally returns, options for restarting production remain available.”
Since the start of the war in February 2022, ArcelorMittal’s priority has been the safety and economic security of its Ukrainian employees. Employees from across ArcelorMittal rallied to support their Ukrainian colleagues and a range of measures were introduced locally to support employees and their families. The strength and resilience shown by ArcelorMittal Kryvyi Rih’s workforce throughout the conflict has been extraordinary.
ArcelorMittal has also provided financial support to ensure continuity of operations at ArcelorMittal Kryvyi Rih, providing over US$700 million to ArcelorMittal Kryvyi Rih.
ArcelorMittal expects to record a non-cash impairment charge of approximately US$1 billion, principally reflecting the impairment of property, plant and equipment at ArcelorMittal Kryvyi Rih.
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ENDS
About ArcelorMittal
ArcelorMittal is one of the world’s leading integrated steel and mining companies with a presence in 60 countries and primary steelmaking operations in 14 countries. It is the largest steel producer in Europe, among the largest in the Americas, and has a growing presence in Asia through its joint venture AM/NS India. ArcelorMittal sells its products to a diverse range of customers including the automotive, engineering, construction and machinery industries, and in 2025 generated revenues of $61.4 billion, produced 55.6 million metric tonnes of crude steel and 48.8 million tonnes of iron ore. Our purpose is to produce smarter steels for people and planet. Steels made using innovative processes which use less energy, emit significantly less carbon and reduce costs. Steels that are cleaner, stronger and reusable. Steels for the renewable energy infrastructure that will support societies as they transform through this century. With steel at our core, our inventive people and an entrepreneurial culture at heart, we will support the world in making that change.
ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).
http://corporate.arcelormittal.com/
ArcelorMittal Investor Relations contact information | |||||
General | +44 20 7543 1128 | ||||
Retail | +44 20 3214 2893 | ||||
Bonds/Credit | +33 157 955 035 | ||||
ArcelorMittal Corporate Communications contact information | |||||
Paul Weigh | |||||
Tel: | +44 20 3214 2419 | ||||
E-mail | press@arcelormittal.com | ||||
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