Ukraine's largest steel mill to receive a $200 million loan from the EBRD
For the third time since the beginning of the full-scale war, the European Bank for Reconstruction and Development allocates money for ArcelorMittal Kryvyi Rih
On January 14, the European Bank for Reconstruction and Development approved a loan of up to $200 million for Ukraine's largest steel plant, the ArcelorMittal Kryvyi Rih. This is stated on the website EBRD.
"The loan will be used to finance the company's working capital needs to ensure continued operations in Ukraine," the bank said.
The EBRD has already provided financing to ArcelorMittal Kryvyi Rih in 2017 and liquidity support in 2022 and 2023.
In 2012, the EBRD loan to ArcelorMittal Kryvyi Rih was up to $100 million, and in 2023 – $150 million.
ArcelorMittal Kryvyi Rih (AMKR) belongs to the ArcelorMittal international corporation of Indian businessman Lakshmi Mittal and his family. In 2024, the plant produced 1.69 million tons of steel, 1.56 million tons of rolled products, 2.53 million tons of pig iron, and 7.56 million tons of iron ore concentrate.
- In July 2025, Mauro Longobardo, CEO of ArcelorMittal Kryvyi Rih, said that the plant's parent company, ArcelorMittal, could reconsider its presence in Ukraine due to high electricity prices. According to him, at that time the company received $1 billion in aid from ArcelorMittal.
- In January 2026, the plant announced that in 2025 was able to increase productiondespite the attacks on the energy sector, but will soon be forced to close the blooming shop through the EU carbon tax.
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