Arcelormittal Rail News Today

SEIFSA says almost 300 000 jobs will be affected if the three ArcelorMittal plants and its other businesses close down.

Synopsis: The South African steel sector faces uncertainty due to potential closures by ArcelorMittal SA, leading to setbacks in industrial growth. The collapse

The plan was pitched as the platform through which government, business and labour would work collaboratively – but the experienced reality is quite different.

The steel industry supported the Steel Master Plan when it was unveiled in 2021, but now government seems to ignore industry requests to meet.

The closure of ArcelorMittal South Africa operations in Newcastle and Vereeniging, starting from January 2024, is set to put 3,500 jobs on the line.

This week’s shock announcement that South Africa’s dominant but loss-making steelmaker AMSA is cutting its 10,000 workforce by 35%...

Expectations for the next financial year see an uptick in demand in the steel industry as well as positive movements in international pricing.

Steps are being taken by ArcelorMittal to revive the sole producer of mainline rail in sub-Saharan Africa.