ArcelorMittal to shut Saldanha plant, hundreds of workers affected

2019-11-11 10:08

ArcelorMittal SA has decided to wind down its steel operations at Saldanha, which have been suffering 'severe financial losses'.

ArcelorMittal profit jumps 20% as steel, iron prices rally

2017-02-10 11:59

ArcelorMittal, the world’s largest steelmaker, has reported a 20% increase in annual profit on rising steel and iron ore prices, and forecast higher demand this year.

ArcelorMittal SA plans $170m BEE stake

2016-09-28 17:00

ArcelorMittal SA plans a R2.3bn deal as it seeks to meet the government’s objectives of boosting the participation of black people in the economy.

ArcelorMittal huge threat for SA steel sector - MP

2016-08-24 09:35

ArcelorMittal South Africa is the biggest stumbling block to a competitive steel price industry in South Africa, says DA MP Dean McPherson.

ArcelorMittal's SA unit appoints new CEO

2016-03-08 15:52

World's top steel producer ArcelorMittal's SA unit has named a new chief executive to help the loss-making company battle with cheap imports and rising costs.

ArcelorMittal SA to sell more stock than it's worth

2015-11-06 13:31

ArcelorMittal SA plans to raise up to R4.5bn in a rights offer to cut debt and invest in plants as the steel giant warned its 2015 loss will be 11 times bigger than before.

400 jobs in balance as ArcelorMittal reviews operations

2015-08-31 14:51

ArcelorMittal SA has announced that it would begin consultations on the potential closure of its Vanderbijlpark and Vereeniging works.

SHARE WATCH: Spotlight firmly on China

2015-08-18 16:03

Kirk Swart of Overberg Asset Management has picked 5 shares to watch this week because of their high exposure to the Chinese market.

ArcelorMittal SA posts annual loss on glut

2015-02-13 09:50

ArcelorMittal SA, a unit of the world's top steel maker, has reported a fourth annual loss as a global glut and failing prices put pressure on its performance.

ArcelorMittal SA narrows full-year loss

2014-02-07 10:07

ArcelorMittal SA, a unit of the world's top steelmaker, has narrowed its full-year loss, helped by a weaker rand and firmer steel prices.


ArcelorMittal SA warns of lower sales, output

2019-11-07 12:35

Steel producer ArcelorMittal South Africa recorded lower sales in the three months to September 30, due to weak local demand.

Thabazimbi mine to be transferred to ArcelorMittal

2017-02-09 17:23

Sishen Iron Ore - a subsidiary of Kumba Iron Ore - and ArcelorMittal SA have entered into an agreement to transfer Thabazimbi mine to AMSA.

dti confident about steel price protection measures

2016-09-15 13:30

The department of trade and industry has done enough to save primary and downstream steel producers in South Africa, says a departmental official.

SHARE WATCH: Recent results and news makers

2016-05-31 12:10

Alongside rand-hedge stocks, and Naspers in particular, stocks analyst Kirk Swart looks at recent results and news making shares in this week's five shares to watch.

ArcelorMittal SA seeks producer for new plant

2016-02-14 15:30

ArcelorMittal SA is looking for an independent power producer to build a gas-fired power station at its Saldanha steel works to help ensure its survival.

ArcelorMittal SA seeks import tariffs on all products

2015-09-10 12:52

ArcelorMittal South Africa says it wants additional protection from cheap Chinese steel entering the country, asking the government to add import duties on more products.

Steel industry in crisis - Jim

2015-08-24 19:42

The steel industry is in crisis, says National Union of Metalworkers of SA general secretary Irvin Jim.

ArcelorMittal first half loss seen up to 14-fold wider

2015-07-23 11:19

Africa's biggest steel maker ArcelorMittal South Africa has flagged as much as 14-fold wider half-year loss, citing tough trading conditions and higher finance costs.

Davies wants ArcelorMittal, Sasol to cut prices

2014-09-03 19:03

Trade and Industry Minister Rob Davies says the country will put pressure on ArcelorMittal SA and Sasol to reduce prices.

ConCourt mining ruling welcomed

2013-12-13 17:26

The mineral resources department has welcomed a ruling by the Constitutional Court, making it the exclusive holder of a Kuruman disputed mining area.

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