In a blow to the local Steel production industry in South Africa, ArcelorMittal South Africa Ltd, a subsidiary of Lakshmi Mittal’s multinational group is set to close its business making…
Browsing: ArcelorMittal
Shares of ArcelorMittal South Africa took a significant hit as the company announced the decision to place its major Newcastle and Vereeniging long steel operations in care and maintenance due…
ArcelorMittal, South Africa’s largest steelmaker, saw its shares plummet by 43% on Tuesday. This unexpected drop wiped out roughly R1.7 billion in shareholder value. This significant drop was attributed to…
ArcelorMittal South Africa (AMSA) has confirmed that it will seek to secure third-party access to Transnet’s rail network as part of efforts to stabilise the logistics involved in supplying key…
