ArcelorMittal South Africa to close plant

ArcelorMittal South Africa to Wind Down Long-Steel Products Business
Around 3,500 jobs will be affected after weak economic conditions, high costs and Chinese steel imports weighed on the company.
ArcelorMittal South Africa to close long-steel works, sees loss
The company said steel production will likely cease by the end of the month and it has yet to determine the final number of job losses.
ArcelorMittal South Africa to close plant, shares plummet
JOHANNESBURG (Reuters) -Steel producer ArcelorMittal South Africa's shares fell more than 15% on Monday after the company said it would proceed with the closure of its loss-making long steel business.
ArcelorMittal South Africa to Wind Down Its Longs Business
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ArcelorMittal South Africa to close long-steel business, putting 3,500 jobs in jeopardy
ArcelorMittal South Africa Ltd. will close its long-steel products business, potentially impacting about 3,500 jobs due to unsustainable high logistics and energy costs and insufficient government policy intervention.
ArcelorMittal South Africa to close Longs Steel business, job cuts expected
Steel producer ArcelorMittal South Africa said on Monday that it would proceed with the wind down of the Longs Steel business, which will be placed into care and maintenance subject to the consultation process.
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