Networth Investments’ offer to buyout a controlling stake in beleaguered ArcelorMittal South Africa (AMSA) from its parent ...

Although ArcelorMittal has decided to close its long steel business, SEIFSA and government still want to save it to protect ...

Around 3,500 jobs will be affected after weak economic conditions, high costs and Chinese steel imports weighed on the ...

Steel producer ArcelorMittal South Africa's shares fell more than 15% on Monday after the company said it would proceed with ...

ArcelorMittal South Africa, a unit of steel manufacturing company ArcelorMittal (NYSE:MT) has made a major restructuring ...

Shunmugam added that many employees of Amsa considered Newcastle their home, and relocating to another town would be a ...

The Department of Trade, Industry and Competition (the dtic) said on Wednesday it noted with serious concern the announcement ...

ArcelorMittal to close long-steel business in South Africa, citing losses from economic conditions, high costs and Chinese ...

Multinational ArcelorMittal on Monday announced that it would close two South African steel manufacturing sites and a rail production plant, affecting some 3,500 jobs.

The company said steel production will likely cease by the end of the month and it has yet to determine the final number of ...

Steel production at the facility is set to halt by the end of January 2025, with the closure of remaining operations planned ...

ArcelorMittal MT-0.72%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 and ...