South Africa, ArcelorMittal

IDC seeks solutions to prevent mass job losses at ArcelorMittal South Africa
The IDC, which has a 6% stake in Amsa, last year endowed the struggling steel manufacturer with R1 billion to forestall the closure of the Newcastle plant.
ArcelorMittal South Africa to Wind Down Long-Steel Products Business
Around 3,500 jobs will be affected after weak economic conditions, high costs and Chinese steel imports weighed on the company.
ArcelorMittal to shut South Africa long steel business
ArcelorMittal to close long-steel business in South Africa, citing losses from economic conditions, high costs and Chinese steel imports.
DTIC concerned with potential job losses at ArcelorMittal South Africa
The Department of Trade, Industry and Competition (the dtic) said on Wednesday it noted with serious concern the announcement by ArcelorMittal South Africa (AMSA) to wind down its longs steel business at its Newcastle plant.
ArcelorMittal South Africa Decides on Winding Down Longs Business
Weak domestic markets for long steel products have led MT's South Africa division to wind down its Longs business.
ArcelorMittal South Africa to close plant, shares plummet
Steel producer ArcelorMittal South Africa's shares fell more than 15% on Monday after the company said it would proceed with the closure of its loss-making long steel business.
3,500 Jobs at Risk As ArcelorMittal Winds Down Long-Steel Business, EFF Blames GNU for Retrenchments
The Economic Freedom Fighters blamed the Government of National Unity for ArcelorMittal's decision to wind down some operations, which could affect 3,500 jobs.
ArcelorMittal South Africa to close long-steel works, sees loss
The company said steel production will likely cease by the end of the month and it has yet to determine the final number of job losses.
ArcelorMittal South Africa to shut down long steel production
Steel production at the facility is set to halt by the end of January 2025, with the closure of remaining operations planned in the first quarter (Q1).
ArcelorMittal South Africa to close Longs Steel business, job cuts expected
Steel producer ArcelorMittal South Africa said on Monday that it would proceed with the wind down of the Longs Steel business, which will be placed into care and maintenance subject to the consultation process.
ArcelorMittal To Close S. African Steel Sites, Axe 3,500 Jobs
Multinational ArcelorMittal on Monday announced that it would close two South African steel manufacturing sites and a rail production plant, affecting some 3,500 jobs.
Our rescue offer for ArcelorMittal South Africa remains valid: Networth Investments
Networth Investments’ offer to buyout a controlling stake in beleaguered ArcelorMittal South Africa (AMSA) from its parent ...
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ArcelorMittal SA plunges 27% on Newcastle and Vereeniging plant closures
The company announced the closure of its long-steel production business at its Newcastle and Vereeniging plants as well as ...