Latest News & Developments
Neasa has condemned ArcelorMittal's R1. 68 billion bailout, labelling it a mere delay of the inevitable closure of its Long Steel Business. With 3,400 jobs on the line, experts question whether government intervention is merely prolonging the company's decline at taxpayers' expense.
Explore how government policies have reshaped South Africa's steel industry, leading to significant trade-offs and economic challenges for major players like ArcelorMittal South Africa.
In a bid to avert a crisis, the South African government pledges R417 million to support nearly 3,000 ArcelorMittal workers as negotiations to prevent steel mill closures intensify.
While producers using traditional coal-fired blast furnaces produced 2. 59-million tonnes of steel in 2024, the so-called mini mills, where steel is made from scrap metal, yielded approximately 2. 11-million in the same 12-month period.
Hulamin faces operational challenges despite a recovery in demand for aluminium products, leading to a decline in earnings and the decision to sell its Containers business
South Africa's ferrochrome industry faces severe challenges as Merafe Resources announces possible further smelter closures amid rising costs and falling prices, threatening jobs and the country's position in global production
The closure of ArcelorMittal’s steel plants is a stark reminder of the consequences of inadequate policymaking and government inaction.