ArcelorMittal MT-0.72%decrease; red down pointing triangle South Africa is to wind down its long-steel products business affecting around 3,500 jobs, after weak economic conditions, high costs and ...

ArcelorMittal South Africa (Amsa), which announced ... media roundtable on Monday that the loss-making steel company could no longer afford that its long-steel business “drags down” its ...

SEIFSA estimates that the closing of the ArcelorMittal long-steel works will lead to a staggering 293 754 direct and indirect job losses. ArcelorMittal South Africa will wind down its long-steel ...

ArcelorMittal said the country’s steel industry is facing its “greatest sustained challenge” since the 2008 financial crisis. Deteriorating markets and cheap imports, particularly from China ...

Picture taken on November 27, 2012 shows the logo of ArcelorMittal at the factory in Dunkirk, ... [+] northern France. AFP PHOTO PHILIPPE HUGUEN (Photo by Philippe HUGUEN / AFP) (Photo by PHILIPPE ...

ArcelorMittal (NYSE:MT) pricey at six times forward earnings in the coming years? Not at all. Especially if you consider the fact that the company’s earnings could be more than double the ...

ArcelorMittal S.A. MT and LanzaTech Global have announced that ethanol from ArcelorMittal's Steelanol facility in Ghent reached a production milestone, with ethanol volumes at a level that allows ...

Credit: Andrei Armiagov/Shutterstock. ArcelorMittal South Africa has announced the closure of its long steel products division, a move that is expected to affect approximately 3,500 jobs, both ...

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Some 3,500 workers are facing a bleak new year after steel giant ArcelorMittal South Africa decided to shut its long-running steel business. Facebook: ArcelorMittal The steel producer cites ...

(Bloomberg) -- ArcelorMittal South Africa Ltd. will close its business making long-steel products, after months of consultations with the government failed to stave off the threat to thousands of jobs ...