Published 3 months ago

ArcelorMittal defers shutdown of Newcastle, Vereeniging steel mills after Transnet promises

Summary by Ground News

ArcelorMittal SA has agreed to defer the closure of its long steel business, including its Newcastle and Vereeniging plants. The company is the only manufacturer of many key steel products used across SA's manufacturing industry. Apart from its 3 500 employees that may lose their jobs at the plants, the closure will put tens of thousands of jobs in various industries at risk.

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News24

ArcelorMittal defers shutdown of Newcastle, Vereeniging steel mills after Transnet promises

SA's biggest steelmaker Arcelor Mittal SA said on Thursday it has agreed to defer the closure its long steel business, including its Newcastle and Vereeniging plants, for six months as it eyes improvements in terms of rail and port performance.

3 months ago·South Africa

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