Steel jobs crisis averted as ArcelorMittal SA keeps plants open
CEO Kobus Verster cites better Transnet performance and the nonrenewal of the scrap export ban
02 July 2024 - 09:42
UPDATED 02 July 2024 - 18:09
SA’s primary steel producer, ArcelorMittal SA (Amsa), says its long steel product operations, which were previously considered for mothballing, will remain open, saving 3,500 jobs at the firm and as many as 80,000 jobs in the value chain.
CEO Kobus Verster said the progress was thanks to the success of its short-term initiatives, coupled with Transnet’s improved performance, the nonrenewal of the scrap export ban and duties on imports that protected the local manufacturers...
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.