ArcelorMittal MT0.70%increase; green up pointing triangle South Africa is to wind down its long-steel products business affecting around 3,500 jobs, after weak economic conditions, high costs and ...

(Reuters) - ArcelorMittal South Africa will cease long steel production by April this year after discussions with the government failed to avert the plant's closure, the company said on Friday.

ArcelorMittal SA said it’s up to South Africa to keep crucial steel mills open and questioned the government’s industrial policy. The company’s South African unit has negotiated with state ...

With production expected to fall off as early as 2026, South Africa faces an energy shortfall that could cripple its ...

LUXEMBOURG (dpa-AFX) - ArcelorMittal South Africa, a unit of steel major ArcelorMittal SA (MT), announced on Monday that it has decided to wind down the Longs Business hurting 3,500 jobs.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Metals and Mining industry in South Africa. Performance of the ...

South Africa's crude steel production was down 5% in 2024. ArcelorMittal South Africa's planned closure of its long steel business highlights issues like local demand, government policies favoring ...

ArcelorMittal South Africa defers plant closure after $92 million injection ArcelorMittal South Africa will defer the closure of its loss-making long steel plants to August 31 after getting a 1. ...

ArcelorMittal South Africa, a unit of steel manufacturing company ArcelorMittal (NYSE:MT) has made a major restructuring decision to wind down its Longs Business, having significant consequences ...