The Department of Trade, Industry and Competition (DTIC) is working to find a long-term solution to prevent the closure of ArcelorMittal South Africa's (AMSA) steel operations, which could result in the loss of about 3,500 jobs. The DTIC is engaging with stakeholders to explore ways to resolve AMSA's challenges and make recommendations to the president. The department also emphasizes the need for productivity improvements, supply chain efficiencies, investments in low-carbon technologies, competitiveness, and local procurement of steel products.
said it is committed to finding a long-term solution to avoid the closure of ArcelorMittal South Africa’s steel operations. , which may result in losing about 3,500 jobs at the Newcastle Works, Vereeniging Works, and the rail and structures subsidiary, ArcelorMittal Rail and Structural .“Steel production is anticipated to cease by late January 2025, with the wind-down of the remaining production processes completed in the first quarter of 2025,” the company said.
“Look, the future of the industry requires strong partnerships by all the stakeholders on the table, both public and private sector,” he explained. The department also noted that it is working hard to address the structural issues affecting the company’s longs steel business. “It is also important that public and private sector entities and companies commit themselves to procure locally manufactured steel products in their projects; Undoubtedly, such a commitment will contribute positively to aggregate demand, job creation and economic growth in South Africa,” the department added.The investment firm said it could make the group profitable rapidly, without job losses.
ARCELORMITTAL STEEL JOBS SOUTH AFRICA DTIC
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