As ArcelorMittal considers closing its Newcastle plant, South Africa's steel industry stands resilient. Despite concerns, the ...
A trading update says the headline loss per share is expected to decline by between 165% and 174% for the year to December ...
The year started on a grim note for Newcastle in KwaZulu-Natal as the impending closure of ArcelorMittal South Africa’s (Amsa) operations threaten to plunge the region into an economic crisis.
On Thursday, Amsa announced a net loss of R5.8 billion for the year to December 2024, which includes impairments and costs associated with the planned closure of its long steel mills.
South Africa’s steel industry faces a critical blow as ArcelorMittal plans to shutter key plants, threatening 100,000 jobs.
ArcelorMittal SA reported a R5.1-billion headline loss for the financial year ending in December last year, blaming global ...
As South African authorities are hard at work trying to source a R1-billion rescue package for ArcelorMittal South Africa ...
CEO, Kobus Verster, and Employment and Labour Minister Nomakhosazana Meth has done little to quell fears of massive job losses in Newcastle and Vanderbijlpark.
The Newcastle Growth Coalition Chapter and Newcastle Residents’ Forum are hopeful that the government can still do more to stop the closure of ArcelorMittal South Africa (Amsa). This follows ...
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