Not all is lost in Amsa’s long-steel closures, says analyst
Mini-mills supply half of the long steel and about 32% is imported, Nedbank document shows
29 January 2025 - 05:00
Against a backdrop of talks on a possible R1bn bailout for ArcelorMittal, SA’s struggling long-steel business, an analyst has cast doubt on fears that the closure of ArcelorMittal’s steel business will lead to the sector’s collapse.
He said that mini-mills supplied half of the long steel and that about 32% of consumption was imported...
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