ArcelorMittal SA says a surge in administered costs, including electricity and rail tariffs, has made it uncompetitive on the global stage as the steel producer slipped to a half-year headline loss of R638m.

“The group’s strategic imperative of improving its cost competitiveness against, in particular, China-sourced steel and that of domestic producers is being severely hampered by structural disadvantages associated with unaffordable electricity, port and rail tariffs and raw-material costs,” the company said...

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