The employees of both ArcelorMittal Zenica and ArcelorMittal Prijedor will retain their positions under the new ownership.

ArcelorMittal MT-1.50%decrease; red down 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 ...

Although its long steel operations were stable during the six months to June 30, ArcelorMittal said it expects its losses will widen to a headline loss of 0.96-1.04 rand/share for the half-year ...

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. ...

(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 ...

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 ...

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 ...

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 ...

Jan 24 (Reuters) - ArcelorMittal South Africa (ACLJ.J), opens new tab shares fell by 13% on Tuesday after the steelmaker said its annual profit would decline by as much as 65%. In a trading update ...