Jan 22 (Reuters) - ArcelorMittal South Africa said on Thursday it was in advanced talks with the state-owned Industrial ...

(Bloomberg) -- Billionaire-backed ArcelorMittal SA’s plans to shut down a century-old steel mill in South Africa are holding President Cyril Ramaphosa’s dream of fostering a $257 billion ...

(Reuters) - ArcelorMittal South Africa will cease long steel production by April this year after discussions with the government failed to avert the plant's closure, the company said on Friday. The ...

ArcelorMittal SA and South Africa’s biggest development-finance institution have resumed talks over the potential acquisition of the Luxembourg-based steel giant’s operations in the African country, ...

ArcelorMittal (NYSE:MT) said Monday it will wind down its long-steel products business in South Africa, following losses brought on by weak economic conditions, high logistic and energy costs, and ...

As South Africa transitions to sustainable metals production, it has tried to seize global opportunities as well as address local challenges. Through government policies, corporate innovation and ...

It’s a question downstream users are asking after ArcelorMittal SA’s latest application for a 51% anti-dumping duty on certain products.

ArcelorMittal South Africa Ltd. will close its business that makes long-steel products, potentially affecting about 3,500 jobs. Persistent high logistics and energy costs, together with insufficient ...

Steelmaker's annual loss widens to $274 mln Seeks government help on scrap metal, imports, rail and power costs Plant closure could affect at least 3,500 workers Feb 6 (Reuters) - ArcelorMittal South ...

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. AfDB’s ...

Africa’s steel industry is undergoing a significant transformation, fueled by growing demand and increased foreign investment, particularly from China. In 2024, the continent’s steel market reached 39 ...

ArcelorMittal SA and Industrial Development Corporation have resumed talks over the potential acquisition of the steel giant’s operations in the African country, after failing to lure other suitors.