ArcelorMittal South Africa to close 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 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.
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.
Unions not happy with ArcelorMittal closing long-steel business
SEIFSA estimated that the ArcelorMittal closure will cause a staggering 293 754 direct and indirect job losses and not only the 3 500 direct losses.
ArcelorMittal to Close South Africa Site With 3,500 Jobs at Risk
ArcelorMittal South Africa Ltd. will close its business making long-steel products, after months of consultations with the government failed to stave off the threat to thousands of jobs.Most Read from BloombergIs This Weird Dome the Future of Watching Sports?
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 Decides on Winding Down Longs Business
ArcelorMittal’s MT division, ArcelorMittal South Africa, has decided to wind down its Longs Business after facing continuous challenges like weak economic growth, high logistics and energy costs, and an influx of low-cost steel imports from China.
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 ...
Bizcommunity6h
ArcelorMittal Long Steel closure sparks debate over industrial policy
ArcelorMittal South Africa's (Amsa) decision to mothball its long-steel operations at Newcastle Works, Vereeniging Works, and its rail and structural subsidiary Amras has ignited fierce debate over ...