The decision has been made after an operational review, with the group concluding that Saldanha has lost its structural competitive cost advantage, due mainly to high raw material costs and regulated ...
The closure of ArcelorMittal South Africa’s Saldanha Steel plant will affect roughly 900 workers – 550 of whom are directly employed by the company, with the remainder sub-contracted. The move is ...
A statement released on 11 November by Kobus Verster, CEO of AMSA, reads: “Over the years, the structural cost advantage has been eroded and Saldanha can no longer sustainably and effectively compete ...
Two parties have come forward with an interest to buy ArcelorMittal South Africa's (AMSA) Saldanha operations, the Department of Trade, Industry and Competition (DTIC) announced on Sunday. The steel ...
Johannesburg — Steel from the controversial Saldanha mill will be sold within SA for the first time under a deal reached between Iscor and the Industrial Development Corporation (IDC), the IDC's ...
ArcelorMittal says it has signed an agreement with a hopeful South African independent power producer (IPP) to buy land adjacent to its Saldanha Works operation, should the party be successful in the ...
With more than 2,000 jobs on the line, the winding down will begin immediately and is expected to be completed by the first quarter of 2020 The decision has been made after an operational review, with ...
Two parties have come forward with an interest to buy ArcelorMittal South Africa's (AMSA) Saldanha operations, the Department of Trade, Industry and Competition (DTIC) announced on Sunday. The steel ...
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