Tag: ArcelorMittal South Africa
Arcelormittal South Africa to close Saldanha operation
In a statement, the company said it would undertake an orderly and commercial wind-down of the Saldanha operation, which its website says employs 568 staff and produces 1.2 million tonnes of...
ArcelorMittal SA looks to retrench workers
Leading steel producer ArcelorMittal SA is set to retrench over 50 workers as it attempts to address its current challenges.
Following its consolidated financial statements for the six months ended...
Collusion, cartel, price fixing, who will be next?
On Monday, it was announced that all investigations and prosecutions relating to a settlement agreement between ArcelorMittal SA (AMSA) and the Competition Commission have now been finalised and ArcelorMittal will pay...
SA seek remedies for struggling steel sector
Business, government and labour have come together to discuss the hike of import duties on steel imports. These efforts are to protect the struggling steel sector.
Government had agreed to...
Higher steel tariffs unlikely says Radebe
Minister in the Presidency Jeff Radebe has said that it is unlikely that government will raise tariffs on cheap steel imports, despite calls from industry to protect local manufacturers. Factors influencing...
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Western Cape remains an attractive destination for foreign direct investment
Global foreign direct investment (FDI) flows recovered to US$1.58 trillion in 2021, up from US$963 billion recorded in 2020 and higher than pre-pandemic...
