ArcelorMittal’s Longs Business provides 3 500 direct jobs and 80 000 jobs across the value chain.
ArcelorMittal South Africa says its financial results for the first six months of 2024 is indicative of the potential for gradual recovery in the second half of 2024 and a return to profitability.
Verster said the results showcase the steel giant’s resilience in the face of challenging market conditions and operational issues. Verster said the decision to continue operations of the Long Steel Products business – vital to Newcastle’s economy – underscores the company’s commitment to the Southern African steel industry.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The tide is turning for South AfricaBLSA CEO Busisiwe Mavuso says that the Government of National Unity is making progress – with local assets set to benefit.
Read more »
Infrastructure investment is key to steel industry growth, says SeifaIndustry leaders say though investment into new infrastructure is key, it's also important to focus on repairing the existing infrastructure.
Read more »
Steel Industry worries SA is not producing enough future employeesSeifsa says South Africa’s education system is not producing enough learners who can be eligible to work in the metal and engineering industry.
Read more »
South Africa's potential as a leader in green steel productionAs a top producer of iron ore and rich in renewable energy, the country is well-placed to lead the transition
Read more »
Tensions rise as ‘Iron Giant’ returns to the hills of KZN’S MelmothIron and steel giant Jindal has launched a fresh environmental impact assessment application to mine in central Zululand months after it was rejected.
Read more »
SA Maritime Safety Authority warns public of floating ship debrisThe South African Maritime Safety Authority (Samsa) warned on Tuesday that large steel hatch covers dislodged from a grounded cargo ship on the Cape west coast pose a significant navigational hazard.
Read more »