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 ...

Steel production at ArcelorMittal’s operations in Newcastle and Vereeniging will stop at the end of January 2025. The wind down will impact all Long steel plants, including the Newcastle Works ...

SEIFSA estimates that the closing of the ArcelorMittal long-steel works will lead to a staggering 293 754 direct and indirect job losses. ArcelorMittal South Africa will wind down its long-steel ...

ArcelorMittal South Africa (Amsa), which announced the winding up of its long-steel business on Monday, will now refocus its efforts on its flat-steel business and new opportunities such as the ...

ArcelorMittal sufre en bolsa: el precio del mineral de hierro toca mínimos de 3 meses Las acciones de ArcelorMittal se han situado a la cola del Ibex 35 este viernes. Los títulos de la ...

ArcelorMittal said the country’s steel industry is facing its “greatest sustained challenge” since the 2008 financial crisis. Deteriorating markets and cheap imports, particularly from China ...

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Credit: Andrei Armiagov/Shutterstock. ArcelorMittal South Africa has announced the closure of its long steel products division, a move that is expected to affect approximately 3,500 jobs, both ...

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Industry players have warned of the broader consequences of ArcelorMittal South Africa’s decision to shut down its long steel business. The decision places around 3 500 direct and indirect jobs at ...

(Bloomberg) -- 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 ...