Business news from Ukraine

Business news from Ukraine

ArcelorMittal Kryvyi Rih shuts down workshop due to loss of EU market because of CBAM carbon tax

The Kryvyi Rih Mining and Metallurgical Plant PJSC ArcelorMittal Kryvyi Rih (AMKR, Dnipropetrovsk region) has announced that it will be forced to shut down its blooming shop in the second quarter of 2026.

According to the company’s press release on Monday, this decision is not an easy one, but it is objectively dictated by the current economic and market conditions in which the company is operating in the context of a full-scale war.

The key factor that led to this step was the European Commission’s decision to introduce the Carbon Border Adjustment Mechanism (CBAM) for Ukrainian producers from January 1, 2026, without any exceptions or transition period. In effect, this means the loss of the European market for a significant portion of Ukrainian metallurgical products, which critically affects the production volumes and utilization of individual units.

It is noted that ArcelorMittal Kryvyi Rih has made significant efforts to reorient sales to the European Union market after the start of the full-scale war. In fact, this market was built from scratch in extremely difficult conditions. However, the introduction of CBAM without taking into account the military realities in Ukraine has nullified these efforts. In the absence of a stable European market, the company does not have sufficient orders to ensure the operation of the blooming mill both today and in the medium term.

ArcelorMittal Kryvyi Rih is the largest producer of rolled steel in Ukraine. It specializes in the production of long products, in particular, rebar and wire rod. The company has a full production cycle, with production capacities designed for an annual output of over 6 million tons of steel, more than 5 million tons of rolled products, and over 5.5 million tons of pig iron.

ArcelorMittal owns Ukraine’s largest mining and metallurgical complex, ArcelorMittal Kryvyi Rih, and a number of small companies, including ArcelorMittal Beryslav.

, , ,

ArcelorMittal Kryvyi Rih shuts down workshop due to loss of EU market because of CBAM carbon tax

The Kryvyi Rih Mining and Metallurgical Plant PJSC ArcelorMittal Kryvyi Rih (AMKR, Dnipropetrovsk region) has announced that it will be forced to shut down its blooming shop in the second quarter of 2026.

According to the company’s press release on Monday, this decision is not an easy one, but it is objectively dictated by the current economic and market conditions in which the company is operating in the context of a full-scale war.

The key factor that led to this step was the European Commission’s decision to introduce the Carbon Border Adjustment Mechanism (CBAM) for Ukrainian producers from January 1, 2026, without any exceptions or transition period. In effect, this means the loss of the European market for a significant portion of Ukrainian metallurgical products, which critically affects the production volumes and utilization of individual units.

It is noted that ArcelorMittal Kryvyi Rih has made significant efforts to reorient sales to the European Union market after the start of the full-scale war. In fact, this market was built from scratch in extremely difficult conditions. However, the introduction of CBAM without taking into account the military realities in Ukraine has nullified these efforts. In the absence of a stable European market, the company does not have sufficient orders to ensure the operation of the blooming mill both today and in the medium term.

ArcelorMittal Kryvyi Rih is the largest producer of rolled steel in Ukraine. It specializes in the production of long products, in particular, rebar and wire rod. The company has a full production cycle, with production capacities designed for an annual output of over 6 million tons of steel, more than 5 million tons of rolled products, and over 5.5 million tons of pig iron.

ArcelorMittal owns Ukraine’s largest mining and metallurgical complex, ArcelorMittal Kryvyi Rih, and a number of small companies, including ArcelorMittal Beryslav.

, , ,

Uklon and Bolt have introduced discounted fares for night train arrivals

Taxi services are introducing discounted fares for Ukrzaliznytsia passengers arriving at stations in large cities during curfew hours, the company’s press service reported.

Ukrzaliznytsia approached Uklon and Bolt with a proposal to support passengers arriving in large cities after midnight, primarily due to delays caused by enemy shelling and route changes. The initiative was launched immediately after both services received permission to operate during curfew in Kyiv,” the company said in a statement.

It is noted that both ride-hailing services accepted the offer. In particular, Uklon provided each passenger with a discount on a night trip from the train station in Kyiv to their home. The promo code will be valid from 11:15 p.m. to 5:00 a.m. It can be obtained by exchanging it for a “hug” in the Ukrzaliznytsia app. Each user can use the special promo code once during the night.

In case of train delays, Bolt increases the number of cars in the area of train stations and keeps prices under control. In addition, Bolt & Visa has a special offer with a 50% discount on trips to/from train stations, valid around the clock.

Bolt has also provided railway workers with promo codes for trips on official routes.
Ukrzaliznytsia added that it is open to new partnerships to support passengers in difficult times.

, , ,

Lithuania wants Ukraine to become member of EU by 2030

Lithuania wants Ukraine to become a member of the European Union by 2030 and will focus on this during its presidency of the EU Council in 2027, Lithuanian President Gitanas Nausėda said.

“Lithuania wants Ukraine to become a member of the European Union by 2030. This would be a decisive step towards ensuring long-term stability, security, and prosperity not only in this country but also for peace in the region. This is a strategic interest for Lithuania, which we want to continue to focus on during our presidency of the EU Council in 2027,” Nausėda said during a press conference in Vilnius with Polish President Karol Nawrocki and Ukrainian President Volodymyr Zelensky.

Nausėda said that Lithuania has already provided more than €1 billion in financial aid to Ukraine and called for long-term funding for the Ukrainian army. In addition, Lithuania has allocated more than €100 million for the reconstruction of Ukrainian schools.

,

Warming weather is coming to Ukraine on January 26

On January 26, Ukraine’s eastern, northeastern, and most western regions are expected to see no precipitation; the rest of the country will see light snow, with rain in the south, west, and Vinnytsia region (during the day, and in Zhytomyr, Kyiv, and Kirovohrad regions), according to the Ukrainian Hydrometeorological Center.

In the southwestern part, in the Cherkasy and Kirovohrad regions, there will be fog at night and in the morning, and during the day (in the Zhytomyr, Kyiv, and Kherson regions) there will be freezing rain.

There will be icy patches on the country’s roads in some places.

The wind will be southeasterly, 7-12 m/s, with gusts of 15-20 m/s in some places on the right bank during the day.

The temperature in the east and northeast of the country will be 12-17° below zero at night and 7-12° below zero during the day; in the south, west, and Vinnytsia regions, temperatures will range from 4° below zero to 1° above zero at night and from 2° below zero to 3° above zero during the day (in Zakarpattia, Odesa region, and Crimea, temperatures will range from 0-5° above zero at night and 4-9° above zero during the day); in the rest of the territory, at night 5-10° below zero, during the day from 4° below zero to 1° above zero.

In Kyiv on January 26, light snow, during the day with rain; during the day, sleet. Icy roads in some places.

Southeast wind, 7-12 m/s. Temperature at night 7-9° below zero, during the day around 0°.

According to the Boris Sreznevsky Central Geophysical Observatory, in Kyiv on January 26, the highest temperature during the day was 7.4° in 2025, the lowest at night was -22.4° in 1891.

On January 26, in the southwestern part, in the Cherkasy and Kirovohrad regions, there will be fog at night and in the morning, visibility 200-500 m, during the day (in the Zhytomyr, Kyiv, and Kherson regions) there will be ice (level I danger, yellow).

Weather conditions may complicate the work of energy, construction, and utility companies and transport.

On Tuesday, January 27, there will be snow in Ukraine, with rain on the right bank (no precipitation in the east of the country).

In the northern, central, and southern regions, there will be ice in some places; on the country’s roads, there will be black ice in some places.

The wind will be southeasterly, 7-12 m/s, with gusts of 15-20 m/s in some places in the southeast at night.

The temperature on the left bank will be 5-10° below zero at night (up to 14° below zero in the east) and 2-7° below zero during the day. in Zakarpattia, Odesa region, and Crimea, temperatures will range from 2° below zero to 3° above zero at night and 2-7° above zero during the day; in the rest of the country, temperatures will range from 4° below zero to 1° above zero at night and during the day.

In Kyiv on January 27, snow, rain during the day, sleet. Icy roads in some places. South-easterly wind, 7-12 m/s.

Temperature at night 2-4° below zero, during the day around 0°.

Ukrenergo will continue to apply electricity restrictions in all regions

On Monday, NEC Ukrenergo will restrict electricity supply in all regions of Ukraine.

“Tomorrow, January 26, hourly power cuts and power restrictions (for industrial consumers) will be applied in all regions of Ukraine,” Ukrenergo said in a statement on Telegram.

The reason for the restrictive measures is the consequences of Russian missile and drone attacks on energy facilities, the NEC notes.

The press service of NEC Ukrenergo reports that the situation in the energy system may change.

, ,