A furnace strikes sparks on a red hot steel beam inside the ArcelorMittal HighVeld Steel & Vanadium Corp. plantPhotographer: Waldo Swiegers/Bloomberg
SA Investing
AMSA, IDC reopen deal talks with non-binding offer for mills
IDC and ArcelorMittal South Africa in renewed talks to secure steel operations
Key topics:
IDC resumes talks to acquire ArcelorMittal South Africa operations
AMSA closes two mills, one mine, keeps Vanderbijlpark mill running
Shares surge 11% as discussions focus on sustaining local steel sector
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By Loni Prinsloo and Antony Sguazzin