Russia’s blowing up of hydroelectric power plant in Nova Kakhovka impacts steel business in Ukraine: newsbreak

The blowing up of a hydroelectric power plant in Nova Kakhovka in southern Ukraine by the Russian army on Tuesday June 6 has affected steel operations in Kryvyi Rih, where ArcelorMittal’s Ukrainian steel mill and Metinvest’s mining and processing plants (GOKs) are located, sources have told Fastmarkets.

"Seventy percent of the water supply to Kryvyi Rih comes from the Kakhovka Reservoir, thus the situation with water supply in the city is complicated but it is controlled,” Oleksandr...


Vlada Novokreshchenova

Marina Shulga

Julia Bolotova

June 06, 2023

11:43 GMT