ArcelorMittal South Africa, a unit of the world’s biggest steelmaker, swung to a first-half profit on Wednesday.
The ongoing contractual dispute between steel giant ArcelorMittal and iron-ore supplier Kumba Iron Ore has intensified.
The government is concerned about the lack of progress between Kumba and ArcelorMittal SA in achieving an interim pricing arrangement for iron ore.
ArcelorMittal SA, a unit of the world’s top steelmaker, will raise prices to partially ease the impact of an ongoing dispute over iron-ore supplies.
ArcelorMittal’s SA unit said it was answering questions from the JSE about why it had delayed making public a change in its iron ore supply deal.