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Steel production resuming at ArcelorMittal's Ukraine mill after strike ends

ArcelorMittal said steel production at the Kryvyi Rih mill in Ukraine is returning to normal levels after workers of its railway division ended a strike, Reuters reported May 21.

The labor action, which was related to salary demands, had paralyzed plant operations.

"The business is preparing for a gradual restoration of the full metallurgical cycle," the company said, adding that the striking workers have resumed their shifts.

The company did not specify the strike's potential impact on its financial performance or output.

ArcelorMittal, which has invested around US$9 billion in Kryvyi Rih since its acquisition in 2005, warned that the strike could jeopardize plans to allocate another US$1.5 billion until 2022.