ArcelorMittal Removes Russian Materials From Steel Supply Chain
- Europe’s top steelmaker spent three weeks cutting Russian coal
- Ukraine war is choking off the supply of key commodities
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ArcelorMittal SA, Europe’s biggest steelmaker, has eliminated Russian commodities from its supply chain following the invasion of Ukraine.
Governments and companies across Europe are trying to curb their dependency on Russia, driving up prices of energy and commodities. The country has been a key supplier of iron ore and coal for the region’s blast furnaces and ArcelorMittal took three weeks to plan how to halt flows.