Russia’s blowing-up of hydroelectric power plant in Nova Kakhovka hurts steel business in Ukraine: newsbreak [update]

The attack by the Russian army on a hydroelectric power plant in Nova Kakhovka in southern Ukraine on Tuesday June 6 has affected steelmaking operations at 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, so the situation with the city’s water supply is complicated, but it is under control,” Oleksandr...


Vlada Novokreshchenova

Marina Shulga

Julia Bolotova

June 06, 2023

16:42 GMT

Dnipro, Brussels