ArcelorMittal

ArcelorMittal South Africa Faces Share Turmoil Amid Rights Issue Speculation

6 days ago

In a recent development that has sent ripples through financial markets, ArcelorMittal South Africa is reportedly contemplating a significant rights issue to bolster its capital position. This news comes after the company witnessed a sharp decline in its share value, raising concerns among investors about the future sustainability of the business.

Steel Industry Crisis: Mittal's Mill Closures Sparks Urgent Discussions in South Africa

20 days ago

The steel industry in South Africa is facing a critical moment as the looming closures of mills operated by ArcelorMittal have prompted urgent discussions among high-ranking government officials. The steel mogul’s decision to shutter operations comes in response to a confluence of challenges, including rising costs, weakened demand, and increasing competition from imports. The implications of these closures could extend beyond just the economy; they may significantly impact employment rates and the broader industrial landscape within the nation.

South Africa Engages in Talks to Prevent ArcelorMittal Plant Closures

27 days ago

In a significant development for the South African steel industry, discussions are currently underway aimed at averting the closure of ArcelorMittal's manufacturing plants in the country. These negotiations are critical as they could determine the future of hundreds of jobs and the overall stability of the local steel market.