Networth Investments’ offer to buyout a controlling stake in beleaguered ArcelorMittal South Africa (AMSA) from its parent ...

The IDC, which has a 6% stake in Amsa, last year endowed the struggling steel manufacturer with R1 billion to forestall the ...

Shunmugam added that many employees of Amsa considered Newcastle their home, and relocating to another town would be a ...

SEIFSA estimated that the ArcelorMittal closure will cause a staggering 293 754 direct and indirect job losses and not only ...

Around 3,500 jobs will be affected after weak economic conditions, high costs and Chinese steel imports weighed on the ...

ArcelorMittal to close long-steel business in South Africa, citing losses from economic conditions, high costs and Chinese ...

Steel producer ArcelorMittal South Africa's shares fell more than 15% on Monday after the company said it would proceed with ...

ArcelorMittal South Africa, a unit of steel manufacturing company ArcelorMittal (NYSE:MT) has made a major restructuring ...

The Department of Trade, Industry and Competition (the dtic) said on Wednesday it noted with serious concern the announcement ...

ArcelorMittal South Africa Ltd. will close its business making long-steel products, after months of consultations with the ...

The Economic Freedom Fighters blamed the Government of National Unity for ArcelorMittal's decision to wind down some ...

The company said steel production will likely cease by the end of the month and it has yet to determine the final number of ...