On August 20, ArcelorMittal SA fell 3.16% in pre-market trading, trading at $72.18/share, with turnover of approximately $1.01 million.

The decline comes as the market continues to digest the impact of a missile strike on ArcelorMittal's Kryvyi Rih plant in Ukraine over the weekend. The attack killed two employees and injured 13 others, while damaging the plant's main energy and blast furnace production facilities, partially halting production. Specialists are currently assessing the damage and determining the timing and feasibility of restoring operations. The company noted this is not the first such incident — in 2022, a similar missile strike destroyed a rolling mill and killed one employee at the same facility.

The operational disruption adds uncertainty to ArcelorMittal's near-term output capacity, weighing on investor sentiment despite the company's recent strategic initiatives including cloud partnerships with Microsoft Azure and Amazon Web Services, as well as its ongoing share buyback program.

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