Eleven years ago, steelmaker ArcelorMittal SA was one of the 10 largest companies listed on the JSE - bigger than Absa and Nedbank combined.
But two recessions since then and feeble economic growth in between have put the company's back against the wall...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.