Volatility8 May 2023 21:37
May see new lows this week:
Ukraine's largest steel producer tells staff to take tomorrow off amid airstrikes threat
Ukraine's largest steel producer, ArcelorMittal Kryvyi Rih, has told staff to take tomorrow off or work remotely because of the threat of Russian airstrikes.
The company, which employs about 20,000 people, is located in the central city of Kryvyi Rih which is often the target of Russian drone and missile attacks.
A spokesperson said the measure reflected "the escalation of enemy attacks throughout the country and the downing of a reconnaissance drone in Kryvyi Rih on Saturday.
Moscow has intensified airstrikes this month as Ukraine prepares to launch a counteroffensive against Russia's invasion.
It has also vowed to retaliate after blaming Kyiv for an apparent drone attack on Moscow's Kremlin citadel, for which Ukraine denied responsibility.
Tomorrow, Russia will commemorate the Soviet Union's defeat of Nazi Germany in 1945, a major state holiday, with a Victory Day military parade across the Red Square.