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.
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.
