The Citizen12d
ArcelorMittal job losses: ‘Speculated rescue plans need to be clarified’
Organised business in the Vaal and Emfuleni has appealed to both the SA Government and ArcelorMittal SA itself to clarify reported talks and growing rescue speculation on the steel giant’s ...
Moneyweb4d
More pain for ArcelorMittal as headline losses expected to widen
Monday brought more bad news from ArcelorMittal SA (Amsa) just as it starts the process of shutting down its Newcastle and Vereeniging steel plants, which have been hit by low-cost imports from China.
The Citizen28d
ArcelorMittal shutdown: worry about socio-economic catastrophe
Although ArcelorMittal has decided to close its long steel business, SEIFSA and government still want to save it to protect jobs and the industry. There are concerns that ArcelorMittal’s ...
Yahoo Finance26d
Individual investors own 33% of ArcelorMittal S.A. (AMS:MT) shares but private companies control 43% of the company
To get a sense of who is truly in control of ArcelorMittal S.A. (AMS:MT), it is important to understand the ownership structure of the business. The group holding the most number of shares in the ...
Bloomberg L.P.22d
Carmakers Ask ArcelorMittal to Delay South Africa Closures
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 ...
Independent Online25d
ArcelorMittal decides finally on Long Steel’s fate
ArcelorMittal (SA) has made a final decision on mothballing its long-steel operations at its Newcastle Works, Vereeniging Works, and the rail and structural subsidiary, AMRAS. The announcement ...
The Financial Express18d
ArcelorMittal Nippon Steel’s two new output lines to boost auto biz
ArcelorMittal Nippon Steel (AM/NS) India is looking to give a boost to its automotive steel business with the scheduled commissioning of two production lines dedicated to manufacturing advanced ...
News2418d
ArcelorMittal closures hold Ramaphosa's R4.8-trillion infrastructure dream to ransom
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 (R4.8-trillion) infrastructure boom to ransom.
Mining Weekly25d
MEMSA Calls for Urgent Government Action Following Arcelor Mittal Plant Closures
The ArcelorMittal closures mark a turning point that we, cannot ignore. The knock-on effects threaten localisation, jobs, and the broader industrial economy, demanding immediate intervention.
Moneyweb23d
As ArcelorMittal stumbles, government embarks on largest ever review of steel duties
Government is embarking on the largest ever review of steel tariffs just as ArcelorMittal SA (Amsa) announced the closure of its long steel business, including its Newcastle and Vereeniging plants ...
Bloomberg L.P.22d
South Africa Sees Talks Averting ArcelorMittal Plant Closures
South Africa Sees Talks Averting ArcelorMittal Plant Closures Government, company speaking daily in ‘sensitive’ talks Idling the operations would risk at least 3,500 jobs ...