ArcelorMittal South Africa to close plant

ArcelorMittal to shut South Africa long steel business
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 Chinese steel imports.
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 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 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.
Concerns rise over potential job losses at ArcelorMittal South Africa
Numsa general secretary, Irvin Jim, said that as the union they will fight these proposed retrenchments because it was their duty to do everything possible to save jobs.
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 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 To Close S. African Steel Sites, Axe 3,500 Jobs
Multinational ArcelorMittal on Monday announced that it would close two South African steel manufacturing sites and a rail production plant, affecting some 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 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.
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Newcastle reels as ArcelorMittal SA’s steel factory closure looms
Thousands of jobs are on the line, and the ripple effects are expected to devastate livelihoods, businesses and the town's ...
Steel Meltdown: How government failure doomed ArcelorMittal and 3,500 jobs
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