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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]

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.

ArcelorMittal SA plans job cuts

18 Jun 2020 /  Yadarisa Shabong in Bengaluru, Reuters   1
Following pandemic hit.

ArcelorMittal SA fined over hydrogen sulfide emissions

UPDATE
10 Jun 2020 /  Tanisha Heiberg, Reuters  
'Unfortunately the initiatives implemented did not adequately resolve the problem, said Kobus Verster

ArcelorMittal suspends dividend, drops global steel outlook

7 May 2020 /  Elena Mazneva, Bloomberg   
Citing market uncertainties around the coronavirus epidemic.

South Africa to disclose carbon emissions from its biggest polluters

9 Apr 2020 /  Antony Sguazzin, Bloomberg   
These include Sasol, Eskom and Anglo American.

ArcelorMittal SA does U-turn on closure of Newcastle operations

7 Feb 2020 /  Roy Cokayne   4
For 'social' reasons.

ArcelorMittal ly R3.3 miljard verlies

6 Feb 2020 /  Ryk van Niekerk  
Kobus Verster – uitvoerende hoof, ArcelorMittal

SAA cuts domestic flight routes to one

6 Feb 2020 /  Tebogo Tshwane    32
As of February 29, a large number of domestic and international routes will be closed, as SAA positions itself for a more profitable future.

ArcelorMittal sees rosier steel outlook

6 Feb 2020 /  Elena Mazneva, Bloomberg  
Limited virus impact.

West Coast region hard-hit by Saldanha Steel closure

12 Nov 2019 /  Neesa Moodley   17
Close to 1 000 jobs to be lost.

ArcelorMittal to shut down Saldanha bay operation

11 Nov 2019 /  Moneyweb  
Peter Major – Director of Mining, Mergence corporate solutions

ArcelorMittal trims forecast for steel demand

7 Nov 2019 /  Elena Mazneva, Bloomberg    1
Share surges most in two years.

ArcelorMittal to review Canada, Brazil iron assets

27 Sep 2019 /  Dinesh Nair, Thomas Biesheuvel and Vinicy Chan, Bloomberg  
The company is seeking to cut debt by divesting non-core businesses.

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