Ebrahim Patel calls for reversal of Saldanha plant closure 🔒
Trade & industry minister Ebrahim Patel urged ArcelorMittal on Monday to reconsider its decision to shut the Saldanha steel plant, hours after Africa’s largest steelmaker unveiled plans that would put 900 jobs on the line.
The winding down of the plant is a blow to the industry that has been grappling with rising input costs, cheap imports and the lowest demand in a decade as both the government and private sector hold back on infrastructure spending.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.
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