An ArcelorMittal steel mill in Vanderbijlpark, South AfricaPhotographer: Guillem Sartorio/Bloomberg
SA Investing
South Africa, ArcelorMittal race to save mills as closure looms
Closure of key plants could cut 3,500 jobs and force steel imports
Key topics:
Govt, IDC in crisis talks with ArcelorMittal over mill closures
Newcastle, Vereeniging plants risk closure, 3,500 jobs at stake
Losses blamed on scrap prices, high power costs, poor rail service
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By Loni Prinsloo and Antony Sguazzin