Senior motor industry officials believe a potential production crisis costing more than 100,000 jobs, caused by ArcelorMittal SA’s (Amsa’s) proposed closure of its Newcastle long-steel factory, can be averted, or at least postponed, after emergency talks with the company and government.

Amsa announced two weeks ago that it would halt production at both its Vereeniging and Newcastle steel plants at the end of January. Newcastle provides the motor industry with 70,000 tonnes of long steel annually, primarily for automotive components used in vehicle manufacture...

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