SA’s biggest steel producer and more than 2,000 of its workers could be the latest victims of Eskom’s successive above-inflation electricity hikes.

ArcelorMittal SA, which has about 12,000 employees, has cited high electricity, rail and port costs among the main reasons for the possible job cuts.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now