ArcelorMittal SA (Amsa) is limping into its 100th year of existence with its stock down more than two-thirds in the past 12 months and faced with several headwinds, including dwindling local steel demand and Transnet’s efficiency bottlenecks.

The share price is down 70% over the past year, valuing it at R1.15bn. The company’s recent woes were compounded by a loss of R1.9bn in the year to end-December from a profit of R2.6bn in 2022...

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