/ 8 December 2024

Steel industry struggles deepen as ArcelorMittal retrenchments highlight systemic problems

ArcelorMittal says it plans to mitigate further losses by cutting jobs and focusing on improving cash flows.
South Africa’s largest steel maker has warned that without urgent government protection, it will be a matter of time before local production is no longer viable. (David Harrison/M&G)

Amid rising imports and operational hurdles, the steel producer announces layoffs while the government’s long-term strategy remains unclear

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