Networth Investments’ offer to buyout a controlling stake in beleaguered ArcelorMittal South Africa (AMSA) from its parent ...

The IDC, which has a 6% stake in Amsa, last year endowed the struggling steel manufacturer with R1 billion to forestall the ...

ArcelorMittal South Africa announced this week that it is to close its Longs (steel) operations in Newcastle and Vereeniging ...

Around 3,500 jobs will be affected after weak economic conditions, high costs and Chinese steel imports weighed on the ...

ArcelorMittal to close long-steel business in South Africa, citing losses from economic conditions, high costs and Chinese ...

Companies such as ArcelorMittal South Africa (Amsa) have had to close steel manufacturing plants as a result of the ...

Weak domestic markets for long steel products have led MT's South Africa division to wind down its Longs business.

Steel producer ArcelorMittal South Africa's shares fell more than 15% on Monday after the company said it would proceed with ...

Johannesburg, Jan 6 (PTI) ArcelorMittal South Africa Limited (AMSA), the local subsidiary of Indian-born British steel ...

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.

The company said steel production will likely cease by the end of the month and it has yet to determine the final number of ...

Steel production at the facility is set to halt by the end of January 2025, with the closure of remaining operations planned ...