Can ArcelorMittal be saved?
Thanks to loans from the IDC, Amsa has been able to delay the shutdown of its two long-steel plants, saving thousands of jobs — at least in the short term
10 April 2025 - 05:00
Kobus Verster, CEO of ArcelorMittal South Africa (Amsa), is displaying a newfound optimism these days.
Just last month he was preparing to shut down Amsa’s loss-making long-steel plants in Vereeniging and Newcastle by early April, at a cost of 3,500 direct job losses and possibly thousands more in the engineering industry...
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