ArcelorMittal Kryvyi Rih (AMKR) has announced a significant reduction in production due to escalating electricity costs and a decrease in export volumes. The company is facing substantial challenges, including high transportation costs and reduced demand from key markets.

These factors have forced AMKR to scale back operations and place approximately 1,200 employees on idle time. The situation is further exacerbated by new government regulations on electricity imports, which have added to the financial strain on the company. As a result, AMKR’s ability to maintain production levels and competitiveness is under severe pressure.