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steel
South African steel crisis: Neasa condemns R1. 68bn ArcelorMittal bailout as 'inevitable failure'
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.
Navigating the impact of government decisions on South Africa's steel sector - Donald MacKay
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.
Government pledges R417 million to sustain ArcelorMittal employees amid talks to avert plant closures
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.
Coega mill confident SA can be continent’s green-steel hub
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 reports operational challenges amidst demand recovery in aluminium products
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
More mining smelters at risk of closure due to rising costs and falling ferrochrome prices
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
Steel Meltdown: How government failure doomed ArcelorMittal and 3,500 jobs
The closure of ArcelorMittal’s steel plants is a stark reminder of the consequences of inadequate policymaking and government inaction.