ArcelorMittal South Africa Ltd. is seeking a 3.1 billion-rand ($170 million) rescue package to stave off the closure of crucial steel mills in the country, Sunday Times reported. The funds from ...

Furthermore, the government, via the state’s trade department and the IDC, is urging ArcelorMittal South Africa Ltd., also known as AMSA, to entertain offers for the two mills it intends to shut down.

South Africa is nearing a deal to provide funding to ArcelorMittal SA’s local unit and ensure its steel mills, which are crucial for the nation’s economy, remain open, people with knowledge of ...