EDITORIAL: ArcelorMittal’s Newcastle nightmare
Amsa is sitting atop a crumbling castle, demanding tariffs to shield itself from competitors
The mighty is crumbling. From steel giant to economic black hole, ArcelorMittal’s saga is a tale of self-inflicted wounds and external pressures.
The decision to shutter the Newcastle mill (https://www.businesslive.co.za/bd/companies/industrials/2025-01-06-arcelormittal-sa-pulls-the-plug-on-longs-steel-business/) is no surprise when one considers the myriad challenges the unit of the Luxembourg-based steelmaker of the same name has faced. High logistics, raw material and energy costs, deteriorating steel markets, and the never-ending onslaught of cheap Chinese imports — it’s enough to make anyone reach for the nearest panic button. ..
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