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Exploring the paradox of South Africa's Price Preference System, this article examines how well-intentioned policies have led ...
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 ...
ArcelorMittal South Africa reported a wider 5.1 billion headline loss in 2024, from 1.89 billion rand the year before. ($1=18.4996 rand) (Reporting by Nelson Banya; Editing by David Evans and ...
ArcelorMittal South Africa is set to report a loss in the full year to December 2023, mainly due to a 2.1 billion rand impairment charge relating to the longs business targeted for closure, ...
ArcelorMittal South Africa will defer the closure of its loss-making long steel plants to August 31 after getting a 1.683 billion rand ($91.50 million) injection from the state-owned Industrial ...
ArcelorMittal South Africa's full-year profit declined by 62% due to weaker steel prices and demand at a time when costs were driven up by significant price increases of key inputs such as coal ...
ArcelorMittal has withdrawn from its green steel projects in Germany. The company says its former goals are no longer ...
Carmakers in South Africa are imploring the local unit of ArcelorMittal SA and the country’s trade minister to work together to delay the planned closure of steel mills this month.. Associations ...
(Reuters) – ArcelorMittal South Africa Ltd’s share price was down 5.97% at 1500 GMT on Thursday on the Johannesburg Stock Exchange on the second day of a strike over wages, as workers picketed ...
Steel producer ArcelorMittal South Africa Ltd said on Thursday it plans to cut an unspecified number of jobs as part of a restructuring to cut costs and deal with excess capacity due to the ...
ArcelorMittal South Africa Ltd. plans to raise as much as 4.5 billion rand ($324 million) in a rights offer to reduce debt and invest in plants as the continent’s biggest steelmaker said its ...