ArcelorMittal South Africa to Shut Down Long-Steel Business, Impacting 3,500 Jobs
Edson Baraukwa | Africa Guardian ArcelorMittal South Africa, a subsidiary of Luxembourg-based ArcelorMittal, announced on Monday its decision to shut down its long-steel business, a move that will affect approximately 3,500 direct and indirect jobs. The company cited ongoing challenges such as sluggish economic growth, rising logistics and energy costs, and a surge in low-cost steel imports, especially from…