ArcelorMittal South Africa said on Thursday it is still on track to close its loss-making long steel operations in September, ...

This city could become a ghost town if one of South Africa’s major steel producers follows through with its threat to close ...

ArcelorMittal South Africa faces long steel business closure, awaiting government rescue package. Losses mount amid ...

On BizNews’ 12th birthday, Alec Hogg speaks with ArcelorMittal SA CEO Kobus Verster about the possible shutdown of its ...

(Reuters) -Talks with the South African government have so far yielded little progress to avert the closure of loss-making long steel operations at ArcelorMittal South Africa, the company said on ...

R0.84 loss per share (improved from R1.09 loss in 1H 2024). Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Before you take the ...

ArcelorMittal South Africa is to wind down its long-steel products business affecting around 3,500 jobs, after weak economic conditions, high costs and Chinese steel imports weighed on the company.

ArcelorMittal South Africa Ltd., or AMSA, on Thursday delayed the closures by a month and said it expects to make a final announcement toward the end of February.

ArcelorMittal South Africa Ltd. will shut its long steel products business and cut as many as 3,500 jobs, dealing another blow to the continent’s third-biggest economy.

South Africa’s steel production is expected to decline by 2.3% in 2024, compared to the previous year. Additionally, the country has seen a 50% rise in steel imports since 2018, while its ...

ArcelorMittal South Africa reported a wider 5.1 billion headline loss in 2024, from 1.89 billion rand the year before. ($1=18.4996 rand) ...

ArcelorMittal MT -1.80% South Africa is to wind down its long-steel products business affecting around 3,500 jobs, after weak economic conditions, high costs and Chinese steel imports weighed on ...