South Africa’s steel industry faces a critical blow as ArcelorMittal plans to shutter key plants, threatening 100,000 jobs.

ArcelorMittal SA’s South African unit said it is considering a rights issue to recapitalize the cash-strapped business, triggering a plunge in its stock. Most Read from BloombergCitadel to Leave Names ...

The ambitious plan to produce green steel in the Freeport Saldanha Industrial Zone has been shelved, with Sasol and ArcelorMittal citing high costs and shifting priorities. The setback raises ...

“Saldanha Steel and another plant” would be modernised, reconfigured and restarted for high-value-add and high-margin special ...

RAIL derailments on the Sishen to Saldanha railway contributed towards an 8% decline in fourth quarter iron ore deliveries, said Kumba Iron Ore. Commenting in a fourth quarter and full year production ...

Although ArcelorMittal has decided to close its long steel business, SEIFSA and government still want to save it to protect jobs and the industry.

"Sadly we've seen this play out before with the closure and mothballing of Highveld Steel and Saldanha respectively, all at the feet of a dithering government too slow to react and offering too ...