After announcing weak financial results for the first half of 2019, the steel manufacturer is planning to cut more jobs to be able to operate
Government interest in the pollution claims appears to have been aroused by Constitutional Court action launched against President Thabo Mbeki
The fine is payable over five years, starting from 2017.
While the local steel industry is seeking tariff protection, its US counterpart is – surprise! – petitioning for anti-dumping duties to be imposed.
China’s over-supply is putting thousands of South African jobs at risk, but the state has been slow to respond.
A drop in demand, an 84% slump in profit and rising costs do not bode well for producer ArcelorMittal, writes Lynley Donnelly.
Moral suasion is not sufficient to force the steel industry to follow a price policy that boosts competitiveness, a senior official says.
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/ 19 October 2009
ArcelorMittal SA faces a possible investigation by competition authorities after fruit canners complained about excessive prices.
The Competition Appeal Court has set aside a Competition Tribunal decision that ArcelorMittal SA charged too much for its flat steel products.
South Africa’s largest steel producer ArcelorMittal South Africa and the trade union UASA have reached a wage agreement.
ArcelorMittal SA reported a headline loss of R237-million for the first quarter of 2009, the steel giant said on Wednesday.
ArcelorMittal SA on Wednesday warned that if steel prices slid further it may be forced to look at shutting down facilities.
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/ 24 November 2008
ArcelorMittal SA has said it will cut prices for a third month running while expecting fourth-quarter earnings to fall.
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/ 27 October 2008
ArcelorMittal South Africa on Monday said it "has no intention of exiting SA and has indicated no such course of action".
ArcelorMittal SA, the South African unit of the world’s number one steel maker, posted a 45% rise in first-half earnings per share on Wednesday.
South African stocks remained firm at midday on Wednesday as merger talks surrounding BHP Billiton kept heavyweight miners buoyant, but easing metal prices weighed on other mining counters. At noon, the JSE’s broader all-share index was up 0,88% at 32 280,27.