Marine Link
Thursday, April 23, 2026

Maritime Blogs Benelux South Africa

Clear
Benelux
South Africa

Blogs

Tags

ArcelorMittal South Africa delays plant closure following $92 million injection

Posted to Maritime Reporter on March 31, 2025

ArcelorMittal South Africa has announced that it will delay the closure of the long-steel plants in its loss-making state until August 31, after receiving a $191.50-million injection from the Industrial Development Corporation. After failing to receive concessions from the government on its demandsā€¦

ArcelorMittal South Africa has entered into discussions to delay the closure of a long-running steel plant

Posted to Maritime Reporter on March 19, 2025

ArcelorMittal South Africa announced on Wednesday that it was in discussions with the government and others parties about funding to delay the planned closing of its long-stack steel operation. After discussions with the government, the steelmakerā€¦

ArcelorMittal S. Africa reports larger loss and hopes for a reduction in interest rates

Posted to Maritime Reporter on August 1, 2024

ArcelorMittal South Africa announced on Thursday that it hopes for a reduction in interest rates during the second part of the year, after its losses increased due to weakened demand. The company lost 1.11 billion Rand ($60 million), comparedā€¦
Read the Magazine Sponsored by

Working Boats: Safety, Salvage, and Rescue, An Inside Look at Eight Adventurous Watercraft, by Tom Crestodina, 2026 Sasquatch Books, Seattle WA, USA

Subscribe for
Maritime Reporter E-News

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week