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

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 Monday.

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 has reported a headline loss of R1. 01 billion, prompting potential asset sales and the closure of ...

ArcelorMittal South Africa AMSA, a subsidiary of Lakshmi Mittals steel empire, said the company is still looking at shutting down its long steel production business as it awaits the implementation of ...

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 ...

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 (NYSE:MT) said Monday it will wind down its long-steel products business in South Africa, following losses brought on by weak economic conditions, high logistic and energy costs, and ...

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.

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 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.