Amsa holds off mothballing as it awaits state’s word on long-steel business
ArcelorMittal SA, which has received a R380m interest-free loan, is expected to make an announcement later this month
06 February 2025 - 08:56
SA’s largest steel manufacturer, ArcelorMittal SA (Amsa), has delayed closing its ailing long-steel business for a month to allow further talks with the government on rescuing it.
The JSE-listed group, which received a R380m interest-free loan from shareholder the Industrial Development Corporation (IDC) for the delay, is expected to make an announcement in the second half of February...
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