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LATEST NEWS FOR ArcelorMittal South Africa Ltd.  

ArcelorMittal South Africa is sub-Saharan Africa’s largest steel producer with an annual production capacity (in 2019) of 6.5 million tonnes of liquid steel. In 2019 we produced 4.4 million tonnes of finished primary steel products – almost 700 0... [more info]

Workers missing after ArcelorMittal South Africa site accident

17 Feb 2021 /  Tanisha Heiberg, Reuters  
Rescue efforts are under way at ArcelorMittal South Africa's Vanderbijlpark Works.

ArcelorMittal profit spurred by surge in steel prices

11 Feb 2021 /  Nompu Siziba  
Kobus Verster – CEO, ArcelorMittal.

ArcelorMittal sny koste, winssyfers styg in die tweede helfte van verlede jaar

11 Feb 2021 /  Moneyweb  
Kobus Verster – uitvoerende hoof, ArcelorMittal

ArcelorMittal signs IPP agreement at its Saldanha operation

UPDATE
11 Feb 2021 /  Thando Maeko   6
Saldanha Works operation is under care and maintenance.

Can the IDC finance SA’s economic recovery?

12 Nov 2020 /  Barbara Curson   15
Mounting debt puts it in a precarious position and may limit its ability to stimulate growth.

ArcelorMittal SA says it’s addressing the steel products shortage

11 Nov 2020 /  Roy Cokayne   7
Says all three of its blast furnaces will be operational again from January.

Critical shortage of building and construction materials in SA

9 Nov 2020 /  Roy Cokayne   5
A threat to government’s plan to stimulate the economy through infrastructure investment.

JSE reflects doubts about government’s infrastructure plan

26 Oct 2020 /  Roy Cokayne   7
Construction company share prices remain muted.

What’s behind a company’s choice to delist from the JSE?

19 Oct 2020 /  Nompu Siziba   11
A friendlier business environment and the release of spectrum would encourage large companies to invest in SA again: David Shapiro.

Eskom gets tough with errant municipalities, grabs cash and land

5 Oct 2020 /  Ciaran Ryan   10
As it scrambles to recover R31bn in municipal back bills – raising interesting questions about the land issue in the process.

ArcelorMittal South Africa to restart furnace

29 Sep 2020 /  Tanisha Heiberg, Reuters   1
On higher steel demand.

ArcelorMittal declares force majeure after blast furnace breakdown

UPDATE
26 Aug 2020 /  Promit Mukherjee and Tanisha Heiberg, Reuters  
The company said it was unable to predict production losses due to the uncertainty around when it will be fixed.

Mixed bag for mining stocks as AngloGold CEO says goodbye

3 Aug 2020 /  Ciaran Ryan  
Kelvin Dushnisky calls it a day after releasing a great set of results.

Rand tumbles to 3-week low, stocks fall as earnings disappoint

30 Jul 2020 /  Mfuneko Toyana, Emma Rumney and Nqobile Dludla, Reuters  
At 1600 GMT the rand was 2.2% weaker at R16.91 per dollar, its weakest since July 10.

ArcelorMittal SA falls deeper into half-year loss as steel demand falls

30 Jul 2020 /  Tanisha Heiberg, Reuters   6
The company said it expected steel demand to be at between 70% to 75% of pre-lockdown levels for the foreseeable future.

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