Press Releases - ArcelorMittal
ArcelorMittal announces the publication of its third quarter 2024 sell-side analyst consensus figures. Read more
ArcelorMittal closing down long-steel works, cutting about 3 500 …
Jan 6, 2025 · ArcelorMittal South Africa will wind down its long-steel works, which means that about 3 500 jobs in the industry will be cut. Closing its long-steel works will happen despite government trying to ...
ArcelorMittal SA’s collapse highlights need for industrial policy …
4 days ago · SA’s largest steelmaker, ArcelorMittal SA (Amsa), announced it was shutting down its long steel business and closing its plants in Newcastle and Vereeniging. Amsa initially deferred closing down ...
ArcelorMittal workers yet to be notified of impending closure …
6 days ago · Workers at steel producer giant ArcelorMittal South Africa in KwaZulu-Natal are yet to be formally informed of the company’s impending closure of its long products business while a union and the ...
ArcelorMittal to shut South Africa long steel business
ArcelorMittal (NYSE:MT) said Monday it will wind down its long-steel products business in South Africa, following losses brought on by weak economic conditions, high logistic and energy costs, and ...
ArcelorMittal to Close South Africa Site With 3,500 Jobs at Risk
Jan 6, 2025 · ArcelorMittal South Africa expects its losses to have widened last year. Stripping out one-time items, its loss per share will range from 4.06 rand to 4.41 rand compared with 1.70 rand a year ...
Steel giant ArcelorMittal backs out of ‘green’ projects with …
Nov 26, 2024 · Luxembourg-based multinational steel manufacturer ArcelorMittal said it was delaying big investment programmes in Europe, citing uncertainties over European Union regulatory directives.
ArcelorMittal provides update on its European decarbonization …
Nov 26, 2024 · ArcelorMittal is today providing an update on its decarbonization plans in Europe. The Company has previously announced the intention to invest in lower carbon emissions “hydrogen ready” DRI-EAF facilities to replace several blast furnaces across our European business, as a key strategic first step towards reducing emissions.
U.S. Department of Energy announces financial support for ArcelorMittal …
Apr 22, 2024 · In support of this clean energy project, ArcelorMittal Calvert has been awarded $280.5 million in investment tax credits from the U.S. Internal Revenue Service (IRS) as part of the Qualifying Advanced Energy Project Credit (48C) program, funded by the Inflation Reduction Act of 2022 (IRA).
ArcelorMittal South Africa to close plant, shares plummet
JOHANNESBURG, Jan 6 (Reuters) - Steel producer ArcelorMittal South Africa's (ACLJ.J), opens new tab shares fell more than 15% on Monday after the company said it would proceed with the closure of ...