ArcelorMittal South Africa to close plant

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 plant, shares plummet
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.
ArcelorMittal to Close South Africa Site With 3,500 Jobs at Risk
ArcelorMittal South Africa Ltd. will close its business making long-steel products, after months of consultations with the government failed to stave off the threat to thousands of jobs.Most Read from BloombergIs This Weird Dome the Future of Watching Sports?
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 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 Decides on Winding Down Longs Business
ArcelorMittal’s MT division, ArcelorMittal South Africa, has decided to wind down its Longs Business after facing continuous challenges like weak economic growth, high logistics and energy costs, and an influx of low-cost steel imports from China.
ArcelorMittal job cuts raise concerns over South Africa’s, Newcastle economic stability
Newcastle Business Chamber and the Association of South African Chambers say job losses devastating to economy.
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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.
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ArcelorMittal job cuts: ActionSA calls for policy review, EFF blames govt
ActionSA has expressed concerns with steel producer ArcelorMittal South Africa’s decision to wind down its long-products ...
Government says intervention was ‘insufficient’ to halt ArcelorMittal plant closures in Newcastle, Vereeniging
The Department of Trade, Industry and Competition has said interventions were not sufficient to prevent the impending closure ...
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3,500 Jobs at Risk As ArcelorMittal Winds Down Long-Steel Business, EFF Blames GNU for Retrenchments
The Economic Freedom Fighters blamed the Government of National Unity for ArcelorMittal's decision to wind down some ...