The Industrial Development Corporation (IDC) is seeking to increase its stake in primary steel producer ArcelorMittal South Africa (Amsa), after injecting a R1.683bn to delay the wind down of Amsa's ...

ArcelorMittal South Africa will defer the closure of its loss-making long steel plants to August 31 after getting a 1.683 billion rand ($91.50 million) injection from the state-owned Industrial ...

The IDC 'has indicated that they have a desire to look at an increased shareholding and a due-diligence period has been ...

ArcelorMittal South Africa secures a R1.68bn loan, delaying steel mill closures and saving 3,500 jobs. The government pledges ...

ArcelorMittal South Africa secures a 1. 683 billion rand bailout from the IDC, delaying the closure of its long steel plants ...

(Bloomberg) -- ArcelorMittal SA’s South African unit will postpone the planned closure of two key steel mills by six months after a local state development-finance institution agreed to provide a ...

ArcelorMittal South Africa has secured a R1. 6 billion lifeline from the Industrial Development Corporation, postponing the ...

ArcelorMittal’s South African unit will postpone the planned closure of two key steel mills by six months after a local state ...

JSE-listed steel group ArcelorMittal South Africa (AMSA) has deferred the wind down of its long-steel business for at least ...

ArcelorMittal will defer the closure of its loss-making South African long steel plants by at least six months after obtaining a 1.683B rand infusion from Industrial Development Corporation.