Arcelormittal Sa

ArcelorMittal to keep its head above water by cutting more jobs

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

Headless cats and government promises back in 2005

Government interest in the pollution claims appears to have been aroused by Constitutional Court action launched against President Thabo Mbeki

ArcelorMittal SA steels itself for R1.5bn price fixing penalty

The fine is payable over five years, starting from 2017.

US steels itself against SA imports

While the local steel industry is seeking tariff protection, its US counterpart is – surprise! – petitioning for anti-dumping duties to be imposed.

SA’s steel industry on brink of collapse

China’s over-supply is putting thousands of South African jobs at risk, but the state has been slow to respond.

Heavy going in the steel sector

A drop in demand, an 84% slump in profit and rising costs do not bode well for producer ArcelorMittal, writes Lynley Donnelly.

Call for intervention in the steel industry

Moral suasion is not sufficient to force the steel industry to follow a price policy that boosts competitiveness, a senior official says.

Steel price drop may force shutdowns, job cuts

ArcelorMittal SA on Wednesday warned that if steel prices slid further it may be forced to look at shutting down facilities.

ArcelorMittal has ‘no intention’ of exiting SA

ArcelorMittal South Africa on Monday said it "has no intention of exiting SA and has indicated no such course of action".

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