ArcelorMittal: South African Steel Giant Gets State Boost to Avert April Shutdown

ArcelorMittal South Africa has postponed the planned closure of its long steel operations to August 31, following a $91.5 million lifeline from the state-owned Industrial Development Corporation. The struggling steelmaker had earlier announced it would shut down the division by April after failing to secure government concessions on electricity costs, freight rail tariffs, and import... Read More »South African Steel Giant Gets State Boost to Avert April ShutdownThe post South African Steel Giant Gets State Boost to Avert April Shutdown first appeared on iAfrica.