ArcelorMittal SA pulls plug on its long steel business
Company decision could affect 3,500 jobs across three provinces
06 January 2025 - 09:53
UPDATED 06 January 2025 - 23:30
Steel major ArcelorMittal SA (Amsa) will proceed with the winding down of its long steel business, putting about 3,500 direct and indirect jobs at risk across Gauteng, Mpumalanga and KwaZulu-Natal.
The move is particularly concerning for residents of the KwaZulu-Natal town of Newcastle, where Amsa’s long steel facility plays a key role in the local economy and job market. Newcastle alone accounted for 34% (more than R10bn) of Amsa’s procurement in 2023...
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