ArcelorMittal SA expects to make a final decision by August on the closure of its long steel operation, which puts 3 500 jobs at risk
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Steel production relies on coal so the sector will have to move to hydrogen or renewable energy to reduce its carbon footprint
The three-year agreement runs from 1 April to 31 March 2026
Lessons from when Jan Smuts drove the industrialisation of South Africa in the form of electricity and steel to benefit an elite community
Residents say the findings proves their concerns about pollution ‘are real’
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More than 20 organisations, concerned individuals sign an open letter to Ministers Barbara Creecy and Ebrahim Patel calling for integrated assessment of coal-based mega-project
Steel and aluminium tariff hikes imposed by the US could mean job losses in SA
Earlier this month, President Trump signed a proclamation implementing new trade policies including 25% tariffs on Chinese exports
The president renewed his demand that the European Union halts its trade barriers to US products in order to spare his allies new tariffs
Amsa’s record fine for price collusion comes at a time when protection is topping the agenda.
South Africa’s industrial landscape is set to change dramatically as steel prices and imports rise.
China’s over-supply is putting thousands of South African jobs at risk, but the state has been slow to respond.
Producers are taking a big hit and there is little chance of exporting the surplus.
The first wave of job losses for metalworkers has begun and the upshot will be apocalyptic.
The local steel industry is vanishing and about 190 000 people face losing their jobs.
Resistance is rising to the liberalising ideology of the South African state and corporate elites, says Patrick Bond, who is on an M&G Lit Fest panel.
Falling prices and a global oversupply could trigger import tariffs to protect local producers.
As thunderstorms raged in the area last week, the symbolism was potent: the picket-line bonfire hissed and went out.
An increase in import duties for kitchen sinks could help South African firms to be more competitive.
Arcelor Mittal may be forced to give up local assets in a bid to end its dominance in the market.
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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".
The Competition Commission is investigating alleged price-fixing and collusion in the steel industry, it said on Monday.