ArcelorMittal crashes as it shutters its SA long steel mills - says govt should have done more

Steel giant ArcelorMittal shutters its South African steel sites—impacting over 3,500 jobs

The company said low steel prices on international markets due to "record Chinese exports" was a major reason for the move.

ArcelorMittal's South African Subsidiary to Shut Down Long Steel Plants

Get latest articles and stories on World at LatestLY. ArcelorMittal South Africa Limited (AMSA), the local subsidiary of Indian-born British steel magnate Lakshmi Mittal, will cease operations at its long steel plants in the country, impacting over 3,500 jobs. World News | ArcelorMittal's South African Subsidiary to Shut Down Long Steel Plants.

ArcelorMittal SA to close Longs Steel business, job cuts expected

Steel producer ArcelorMittal South Africa said on Monday it would proceed with winding down the Longs Steel business, which will be placed into care and maintenance subject to the consultation process.

ArcelorMittal to shutter Newcastle, Vereeniging long steel mills - cutting 3 500 jobs

Despite a year of work to save the loss-making longs steel business, ArcelorMittal has announced plans to shut it in coming months.

ArcelorMittal South Africa to Close Long-Steel Works, Sees Loss

(Bloomberg) — ArcelorMittal South Africa Ltd. will close its business that makes long-steel products, potentially affecting about 3,500 jobs.

ArcelorMittal South Africa to shut long steel plants, 3,500 jobs at risk

ARCELORMITTAL South Africa Limited (AMSA), a subsidiary of steel magnate Lakshmi Mittal’s global operations, has announced plans to cease operations at its long steel plants.The decision, which will affect over 3,500 jobs, comes after prolonged efforts to address challenges in the South African steel industry.AMSA stated that the closure follows persistent weak economic conditions, ongoing energy and logistics constraints, and heightened competi…