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ArcelorMittal's CBAM Catastrophe & Ukrainian Upheaval
ArcelorMittal Kryvyi Rih announced suspension of its blooming shop operations in Q2 2026 due to multiple pressures. The EU's Carbon Border Adjustment Mechanism eliminated access to European markets without wartime exemptions for Ukraine. Electricity costs doubled to $210 per megawatt-hour due to infrastructure attacks. The company had rebuilt EU market presence since the war began but now faces unsustainable operating conditions.
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