A strike by locomotive engineers is pushing ArcelorMittal Kryvyi Rih to its first financial crisis

since Ukraine’s largest steel plant was bought by foreign investors in 2005. Sergey Plichko, chief financial officer, made the warning Friday, saying the company faces lost steel sales of 479,000 tons and lost revenue of $81 million in April-May. He said in a press statement: “A major industrial accident in March, failed repairs in April, and now rail worker strike have “resulted in almost complete stoppage of the plant.” Rebutting calls for wage hikes, Plichko, chief financial officer, said: “First you need to restore production, start sending products to ports, get money from selling it, and then talk about the salary.”