JAMIE CARR: Wealth, jobs take a tumble at ArcelorMittal SA
ArcelorMittal has started the wind-down of its operations at Saldanha, which was formerly one of the biggest employers in the West Coast region
30 January 2020 - 05:00
ArcelorMittal SA’s business update tells of a woeful year, which it describes as unexpectedly being the most challenging for the world’s steel industry since the global financial crisis.
Against this toxic backdrop you can add a raft of issues particular to the SA economy and to ArcelorMittal SA itself, and the whole picture adds up to some spectacular losses...
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.