Tagged Posts for Steel-raw-materials
S.Africa govt hopes to stop ArcelorMittal plant closure
South Africa's government is scrambling to prevent the closure of ArcelorMittal South Africa's long steel business, which potentially threatens tens of thousands of jobs. The steelmaker last week announced it would shut its long steel business, after a year of talks with the government to turn around the loss-making unit. Read More
ArcelorMittal to shut South Africa long steel business
ArcelorMittal South Africa (AMSA) has decided to close its loss-making long steel business and halt production by the end of the month, threatening thousands of jobs. The decision comes a year after the company first announced plans to place the operations into care and maintenance. This prompted engagements with the government wherein AMSA sought policy intervention to address structural issues affecting the business. Read More