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ArcelorMittal SA concludes important steel agreement

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(iStock)
(iStock)

Cape Town - A contract manufacturing agreement has been concluded between ArcelorMittal SA and Highveld Structural Mill (HSM) and Evraz Highveld Steel & Vanadium (Highveld).

HSM is a newly formed subsidiary of Highveld.

The agreement relates to wind-down proposals by the joint business rescue practitioners in terms of a business rescue plan. The agreement is still subject to certain conditions.

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