/ 5 December 2023

ArcelorMittal and the story of SA’s deindustrialisation

ArcelorMittal says it plans to mitigate further losses by cutting jobs and focusing on improving cash flows.
Last week, ArcelorMittal South Africa, the continent’s largest steelmaker, announced the winding down of its Newcastle and Vereeniging operations starting from January 2024. (David Harrison/M&G)
The steelmaker’s privatisation was the death knell for the country’s manufacturing industry

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