ArcelorMittal posts highest profit since 2014 as steel rebounds

2016-11-08 09:19

ArcelorMittal has reported its highest quarterly profit since 2014 after a rally in steel and iron-ore prices boosted earnings.

Mittal takes dilution hit as SA elites get steel stake

2016-09-29 06:59

A former commissioner, a development-bank finance chief and an ex-deputy finance minister are on course to become major shareholders in ArcelorMittal SA.

ArcelorMittal in new steel pricing deal after R1.5bn fine

2016-08-23 20:36

ArcelorMittal, which was fined a record R1.5bn, has agreed to a new pricing model in South Africa aimed at bolstering the local steel sector and reviving the economy.

ArcelorMittal sees boost from higher steel prices

2016-05-06 10:42

ArcelorMittal South Africa expects its “overall liquidity” to normalise at acceptable levels after it raised prices, while first-quarter profit dropped 33%.

Possible protection for SA steel - dti

2016-02-05 17:19

The SA government is working closely with the steel sector to agree on measures to support SA’s primary steel production capabilities, says the dti.

Labour, business in bid to stop steel jobs bloodbath

2015-08-21 13:50

Labour and business are meeting with government in a bid to stem massive job losses as China's dumping of steel is destroying jobs, says metalworkers' union Numsa.

ArcelorMittal ‘going to fight’ Chinese steel imports

2015-07-24 07:26

ArcelorMittal South Africa says it’s “going to fight” subsidised steel from China, the biggest steel producer that is shipping excess output overseas.

Ebola: ArcelorMittal issues force majeure

2014-08-08 23:18

ArcelorMittal has declared force majeure over Ebola and mining firms are acting swiftly, while production ticks over in West Africa's iron ore and gold fields.

ArcelorMittal eyes big projects

2014-08-01 13:40

Steel maker ArcelorMittal is pinning its hopes for an end to tough trading conditions on infrastructure development projects.

Solidarity, Arcelor reach pay deal

2014-06-11 20:11

Trade union Solidarity and steel giant ArcelorMittal have reached a wage agreement, the union says.


Predatory behaviour seems hotwired into ArcelorMittal’s DNA - Patel

2016-10-06 14:50

Predatory behaviour seems to be hotwired into the DNA of steel conglomerate ArcelorMittal, says Minister of Economic Development Ebrahim Patel.

ArcelorMittal drops 'quota system' for new jobs

2016-08-28 10:00

ArcelorMittal has withdrawn a policy giving 100% preference to certain designated groups when making external appointments, says Solidarity.

ArcelorMittal says Saldanha steel plant will keep operating

2016-05-25 14:48

ArcelorMittal's Saldanha plant will keep operating, says its chairperson, after the facility was placed under review earlier this year due to low steel prices and rising costs.

SA considering emergency steel tariffs

2016-04-04 19:03

South Africa is considering imposing emergency tariffs on some iron and steel imports, according to a filing to the World Trade Organisation.

ArcelorMittal to slash jobs, exports from Liberia

2015-11-18 12:58

ArcelorMittal plans to cut up to 450 jobs in Liberia and lower iron ore exports from the West African nation as it battles to reduce costs.

ArcelorMittal calls for anti-dumping – cheap imports could cost 13 500 jobs

2015-08-05 15:22

With steel being dumped below cost, government must decide whether it wants to create opportunity or jeopardise 13 500 jobs at ArcelorMittal, says its CEO.

ArcelorMittal turns to rabbits to go green

2015-07-19 15:10

The company will spend €1.1 billion (R14.8 billion) to turn carbon monoxide into ethanol using a microbe normally found in the gut of rabbits.

Glencore courts Guinea's iron ore treasures

2014-08-06 09:42

Miner and commodity trader Glencore has expressed interest in iron deposits in Guinea, although the company says it has not pitched for a stake in Simandou.

Economy, labour ills a strain on ArcelorMittal

2014-08-01 09:23

ArcelorMittal's first-half loss has narrowed compared to last year, but weak economic growth and labour disputes are expected to keep earnings under strain.

ArcelorMittal to cough up $150m in damages

2014-06-06 15:49

Arcelormittal has agreed to pay Senegal $150m in cash as damages to settle a dispute with the West African nation over a failed mine deal.

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