JOHANNESBURG - Steel making giant ArcelorMittal South Africa will keep operations going, for now. The planned wind-down of the troubled division has been postponed until the 31st of August.

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This also means that ArcelorMittal will not shed 3 500 jobs anymore and that downstream jobs will also be saved. The Industrial Development Corporation of SA (IDC) saved ArcelorMittal’s long ...

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ArcelorMittal South Africa is the largest steel producer in sub-Saharan Africa. In 2023, ArcelorMittal South Africa made 2.8 million tonnes of liquid steel. This was 14% higher than the amount ...

The Industrial Development Corporation (IDC) wants to increase its stake in primary steel producer ArcelorMittal SA (Amsa), after injecting R1.683bn to delay the wind-down of Amsa's long-steel ...