Anguish in Newcastle and the Vaal over Amsa plant closures
08 January 2025 - 05:00
Businesses in the towns of Newcastle and Vereeniging are reeling over the imminent closure of ArcelorMittal SA’s (Amsa’s) plants in the two towns — a move that is set to devastate the local economies and hurt municipal revenues.
On Monday Amsa, SA’s largest steel producer, shocked its employees by announcing that its production at the Newcastle Works was expected to come to a halt at the end of this month, with the wind-down of the remaining production processes set to be completed in the first quarter of the year...
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