ArcelorMittal to Keep South Africa Plant Open Despite Projected Half-Year Loss Increase

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.