South Africa's Industrial Development Corp. is working with financial advisors on a possible ~8.5 billion rand ($491 million) offer for control of ArcelorMittal’s (NYSE:MT) business in the country, ...

ArcelorMittal SA’s ‘s talks to sell its local unit to South Africa’s state-owned Industrial Development Corp are being held ...

ArcelorMittal's (MT) exclusive talks with South Africa’s biggest development finance institution regarding its potential sale of its local steel operation have ended without a deal, leaving the ...

The company announced the closure of its long-steel production business at its Newcastle and Vereeniging plants as well as its Amras (ArcelorMittal Rail and Structures) unit in a media statement on ...

The key to rescuing South Africa’s ailing steel industry, in which a unit of ArcelorMittal SA is feuding with smaller competitors, is by growing demand rather than fixating on export controls, the ...

Scores of workers in South Africa picketed at steel giant ArcelorMittal's plant in the town of Saldanha on Thursday demanding a halt in plans to close the operation which would see 900 jobs lost.