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The decision comes after consultations with the government and the state-owned freight company. Credit: Andrei Armiagov/Shutterstock. ArcelorMittal South Africa has announced the closure of its long ...

ArcelorMittal MT-0.72%decrease; red down pointing triangle South Africa is to wind down its long-steel products business affecting around 3,500 jobs, after weak economic conditions, high costs and ...

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(Bloomberg) — ArcelorMittal South Africa Ltd. will close its business making long-steel products, after months of consultations with the government failed to stave off the threat to thousands of jobs.

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ArcelorMittal South Africa has announced the closure of its long steel products division, a move that is expected to affect approximately 3,500 jobs, both directly and indirectly. The decision ...

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