ArcelorMittal South Africa to close plant

ArcelorMittal South Africa to close plant, shares plummet
JOHANNESBURG (Reuters) -Steel producer ArcelorMittal South Africa's shares fell more than 15% on Monday after the company said it would proceed with the closure of its loss-making long steel business.
ArcelorMittal to shut South Africa long steel business
ArcelorMittal to close long-steel business in South Africa, citing losses from economic conditions, high costs and Chinese steel imports.
What ArcelorMittal’s plant closures mean for South Africa
The steel giant has announced the closure of a large part of its operations in South Africa after setbacks like tough business conditions and cheap imports.
ArcelorMittal South Africa to Wind Down Long-Steel Products Business
Around 3,500 jobs will be affected after weak economic conditions, high costs and Chinese steel imports weighed on the company.
ArcelorMittal South Africa to close long-steel works, sees loss
The company said steel production will likely cease by the end of the month and it has yet to determine the final number of job losses.
Arcelormittal Shutting Down Loss-Making Long Steel Business In South Africa, 3,500 Jobs Likely To Go
Steel producer ArcelorMittal South Africa Ltd announced on Monday that it is shutting down its loss-making long steel busi
ArcelorMittal’s South African subsidiary to shut down long steel plants
Johannesburg, Jan 6 (PTI) ArcelorMittal South Africa Limited (AMSA), the local subsidiary of Indian-born British steel magnate Lakshmi Mittal, will cease operations at its long steel plants in the country, impacting over 3,500 jobs.
ArcelorMittal South Africa to shut down long steel production
Steel production at the facility is set to halt by the end of January 2025, with the closure of remaining operations planned in the first quarter (Q1).
ArcelorMittal South Africa to close long-steel business
Steel producer ArcelorMittal South Africa, a unit of Luxembourg-based ArcelorMittal, is to wind down its long-steel business, impacting 3,500 jobs, the company announced on Monday. The decision follows sustained challenges,
ArcelorMittal South Africa to close Longs Steel business, job cuts expected
Steel producer ArcelorMittal South Africa said on Monday that it would proceed with the wind down of the Longs Steel business, which will be placed into care and maintenance subject to the consultation process.
ArcelorMittal South Africa to Wind Down Its Longs Business
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IDC seeks solutions to prevent mass job losses at ArcelorMittal South Africa
The IDC, which has a 6% stake in Amsa, last year endowed the struggling steel manufacturer with R1 billion to forestall the ...
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After the Bell: ArcelorMittal woes add to SA’s alarming deindustrialisation
Deindustrialisation has been happening at an alarming scale in SA. The manufacturing industry’s contribution to economic output and employment has declined and been on the ropes.