Ukraine war update: Russian strikes shut largest steel plant

Ukraine’s largest steel plant, ArcelorMittal Kryvyi Rih, has been closed due to extensive damage caused by Russian airstrikes, which resulted in the deaths of five workers. The company stated that safe and sustainable operations were no longer possible after four strikes in five weeks targeted the facility, reflecting the growing economic impact of Russia’s attacks on Ukraine. The closure marks a significant setback for Ukraine’s steel sector, which previously represented 15% of the country's exports and has been strained by ongoing military actions and restrictions from the EU.

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