ArcelorMittal to Keep South Africa Plant Open Despite Projected Half-Year Loss Increase
Tuesday, 2 July 2024, 15:13
ArcelorMittal Reverses Decision on South Africa Plant Closure
ArcelorMittal, a key player in the steel industry, has decided to reverse its plan to close down its South African plant, signaling a shift in its operational strategy.
Securing Working Capital Facility
The company has secured a working capital facility to ensure the continued functioning of the plant, safeguarding jobs and contributing to the local economy.
Anticipated Increase in Half-Year Losses
Despite this positive development, ArcelorMittal is bracing for wider losses in the upcoming months, reflecting the challenging market conditions and economic uncertainties.
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