ArcelorMittal to shut Saldanha steel operation
With more than 2,000 jobs on the line, the winding down will begin immediately and is expected to be completed by the first quarter of 2020
11 November 2019 - 10:01
Africa’s largest steelmaker, ArcelorMittal SA, which in July warned more than 2,000 jobs were on the line, said on Monday it has decided to put its Saldanha operation into care and maintenance.
The decision has been made after an operational review, with the group concluding that Saldanha has lost its structural competitive cost advantage, due mainly to high raw material costs and regulated prices. ..
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