ArcelorMittal said it cannot safely and sustainably restart operations at ArcelorMittal Kryvyi Rih after four missile strikes over five weeks damaged production facilities and killed five employees. Seventeen others were injured, including one who remains in critical condition, and the latest attack occurred on Sept. 21. The company is discussing the plant's future with the Ukrainian government and plans to preserve key infrastructure so production could potentially resume after the war. It expects to record a non-cash impairment charge of about $1 billion, mainly reflecting lower values for property, plant and equipment. ArcelorMittal has provided more than $700 million in financial support to the Ukrainian operation since Russia's invasion began in February 2022 and has introduced measures to support employees and their families. Shares were up 1.73% at $72.53 in Friday's premarket trading. The stock remains in a strong long-term uptrend, but weakening short-term momentum has placed support near $72 and resistance near $76. Analysts have a Buy consensus rating and an average price forecast of $75.50.