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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]

ArcelorMittal to explore sale of construction business

11 Sep 2019 /  Aaron Kirchfeld, Dinesh Nair and Elena Mazneva, Bloomberg   
The business could fetch over 700m euros, sources say.

ArcelorMittal sees HY loss of R638m on lower steel prices

1 Aug 2019 /  Moneyweb  
Domestic consumption being at a 10 year low is one of its biggest challenges.

ArcelorMittal South Africa to buy steel manufacturer

1 Aug 2019 /  Tanisha Heiberg, Reuters  
Swings into H1 loss.

ArcelorMittal cuts steel demand outlook on weak Europe

1 Aug 2019 /  Philip Blenkinsop, Reuters  
Lean automotive market weighs.

How the JSE has changed in 10 years

26 Jul 2019 /  Patrick Cairns   14
It's been quite a ride.

Lesetja Kganyago heads up Sarb again

10 Jul 2019 /  Moneyweb  
'This is a very good decision' - David Shapiro.

ArcelorMittal to cut more than 2 000 jobs, shares drop

10 Jul 2019 /  Emma Rumney, Reuters   1
The company employed around 8 850 people in 2018.

The tricky thing about double tax agreements

28 Jun 2019 /  Amanda Visser   1
Most-favoured-nation concept tested in South African and Dutch courts.

ArcelorMittal’s SA unit to face emissions charges

3 Jun 2019 /  Tanisha Heiberg, Reuters    1
The charges relate to the company allegedly transgressing its atmospheric emissions licence.

SA carbon tax finally becomes law

27 May 2019 /  Mfuneko Toyana, Reuters   7
The first phase of the tax carries rate of R120 per tonne of carbon dioxide equivalent.

ArcelorMittal eyes special tariffs from Eskom

8 Feb 2019 /  Antoinette Slabbert   3
Steel maker shows first profit this decade.

Five things making headlines in South Africa today

7 Feb 2019 /  Moneyweb   
Sona day, Mining Indaba concludes, David Jones CEO resigns, ArcelorMittal results, Eskom workers protest.

Rand backtracks after Fed surge, stocks down

1 Feb 2019 /  Olivia Kumwenda-Mtambo, Reuters  
Bourse heavyweight Naspers was the biggest loser on the blue-chip index.

Five things making headlines in South Africa today

1 Feb 2019 /  Moneyweb  
New NPA takes office, January Absa PMI and total new vehicle sales, Glencore production report, Arcelor Mittal trading statement.

ArcelorMittal is said to boost Essar Steel bid to $5.8bn

11 Sep 2018 /  George Smith Alexander, Saloni Shukla, Bhuma Shrivastava and Swansy Afonso, Bloomberg   
The steel company has offered to repay all of Essar Steel’s secured debt.

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