ArcelorMittal South Africa faces challenges until government addresses regulatory issues

IOL News

In 2024, ArcelorMittal South Africa’s chairman criticized government inertia for causing steel industry struggles. The company planned to close Longs Business, risking job losses. Stakeholder intervention extended operations for six months. Government pledged to address issues like scrap pricing and tariffs. Chinese steel exports impacted global industry, affecting traditional automakers.
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