Our rescue offer for ArcelorMittal South Africa remains valid
16 hours ago · In 2023, South Africa produced 4.9 million tons of steel products and AMSA accounted for 2.4 million tons with global crude steel production at around 1.8 billion tons and the exports of around ...
Concern over ArcelorMittal SA's shutdown of long steel ... - SABC News
3 days ago · Industry players have warned of the broader consequences of ArcelorMittal South Africa’s decision to shut down its long steel business. The decision places around 3 500 direct and indirect jobs at risk at its Newcastle and Vereeniging operations. The company has attributed this to the prolonged ...
ArcelorMittal winds down long-steel business, leaving about
3 days ago · The board and management of ArcelorMittal South Africa announced on Monday it will proceed with the winding down of its longs business, which will be placed into care and maintenance.
ArcelorMittal workers yet to be notified of impending closure …
1 day ago · Workers at steel producer giant ArcelorMittal South Africa in KwaZulu-Natal are yet to be formally informed of the company’s impending closure of its long products business while a union and the ...
What ArcelorMittal’s plant closures mean for South Africa
1 day ago · The steel giant has announced the closure of a large part of its operations in South Africa after setbacks like tough business conditions and cheap imports. Steel manufacturer ArcelorMittal this week gave a month’s notice of the closure of its Long Steel Products’ operations, which means its 1m tonnes of annual long steel production will cease.
ArcelorMittal SA to close Longs Steel business, job cuts
3 days ago · Steel producer ArcelorMittal South Africa said on Monday it would proceed with winding down the Longs Steel business, which will be placed into care and maintenance subject to the consultation ...
ArcelorMittal to Close South Africa Site With 3,500 Jobs at Risk
3 days ago · ArcelorMittal South Africa expects its losses to have widened last year. Stripping out one-time items, its loss per share will range from 4.06 rand to 4.41 rand compared with 1.70 rand a year ...
After the Bell: ArcelorMittal woes add to SA’s alarming …
2 days ago · When ArcelorMittal’s steel operations cease to operate at the end of January, South Africa will lose an estimated one million tonnes of annual long steel production. Long(s) refers to a range of ...
ArcelorMittal South Africa to shut down long steel production
3 days ago · ArcelorMittal South Africa has announced the closure of its long steel products division, a move that is expected to affect approximately 3,500 jobs, both directly and indirectly. The decision ...
Thousands of jobs at risk as ArcelorMittal shuts Newcastle
Nov 28, 2023 · Thousands of employees will lose their jobs after ArcelorMittal South Africa announced that it is putting its major Newcastle and Vereeniging long steel operations in care and maintenance due to a lack of demand.
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