ArcelorMittal MT-1.50 % decrease; red down pointing triangle South Africa is to wind down its long-steel products business affecting around 3,500 jobs, after weak economic conditions, high costs ...

ArcelorMittal South Africa reported a wider 5.1 billion headline loss in 2024, from 1.89 billion rand the year before. ($1=18.4996 rand) (Reporting by Nelson Banya; Editing by David Evans and ...

ArcelorMittal South Africa is set to report a loss in the full year to December 2023, mainly due to a 2.1 billion rand impairment charge relating to the longs business targeted for closure, as ...

ArcelorMittal (NYSE:MT) said Monday it will wind down its long-steel products business in South Africa, following losses brought on by weak economic conditions, high logistic and energy costs, and ...

ArcelorMittal South Africa Ltd. will shut its long steel products business and cut as many as 3,500 jobs, dealing another blow to the continent’s third-biggest economy.

ArcelorMittal South Africa's full-year profit declined by 62% due to weaker steel prices and demand at a time when costs were driven up by significant price increases of key inputs such as coal ...

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 ...

(Reuters) – ArcelorMittal South Africa Ltd’s share price was down 5.97% at 1500 GMT on Thursday on the Johannesburg Stock Exchange on the second day of a strike over wages, as workers picketed ...

ArcelorMittal South Africa Ltd. plans to raise as much as 4.5 billion rand ($324 million) in a rights offer to reduce debt and invest in plants as the continent’s biggest steelmaker said its ...

ArcelorMittal South Africa Full Year 2024 ResultsKey Financial Results. Revenue: R38.6b (down 7.3% from FY 2023). Net loss: R5.84b (loss widened by 49% from FY 2023). R5.24 loss per share (further ...

Steel producer ArcelorMittal South Africa Ltd said on Thursday it plans to cut an unspecified number of jobs as part of a restructuring to cut costs and deal with excess capacity due to the ...