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Trouble as SA’s largest steel producer readies closure in 2025

Summary by The South African
Steel firm ArcelorMittal announced earlier this month (February 2025) that it was ready to shutter its operations completely. Poor 2024 financial results for South Africa’s longest-surviving steel producer looks like it will lead to its Vanderbijlpark and Newcastle operations closing, reports The Citizen. Furthermore, the closure of South Africa’s largest steel producer won’t just lead to thousands of job losses, but massive economic knock-on ef…

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The South AfricanThe South African
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Trouble as SA’s largest steel producer readies closure in 2025

Steel firm ArcelorMittal announced earlier this month (February 2025) that it was ready to shutter its operations completely. Poor 2024 financial results for South Africa’s longest-surviving steel producer looks like it will lead to its Vanderbijlpark and Newcastle operations closing, reports The Citizen. Furthermore, the closure of South Africa’s largest steel producer won’t just lead to thousands of job losses, but massive economic knock-on ef…

·Johannesburg, South Africa
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The South African broke the news in Johannesburg, South Africa on Friday, February 14, 2025.
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