How ArcelorMittal South Africa plans to wind down Longs Business
The second half of the financial year was dominated by the announcement of the contemplation of the wind down of
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ArcelorMittal South Africa
Wind down of the broader long steel products operations at AMSA
Vanderbijlpark – ArcelorMittal South Africa have previously advised of the efforts made to ensure the long-term viability of the Newcastle
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ArcelorMittal South Africa reports on its operations
The company’s average capacity utilisation increased from 42% in H1 2022 to 53% in 2023. Crude steel production increased by
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ArcelorMittal South Africa reacts on local and international markets
Global crude steel production (source: World Steel Association) decreased by 1% or 11 million tonnes in the first half of
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ArcelorMittal South Africa reports loss of R448 million
ArcelorMittal South Africa says weaker trading environment with substantially lower international market prices and stagnant economic growth resulted in headline
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ArcelorMittal SA to adopt a flexible approach to operating plants
ArcelorMittal announces final results December 2022; Revenue for the year grew to R40.8 billion (2021: R39.7 billion) and profit from
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ArcelorMittal South Africa reports on its short-term outlook
Internationally, the World Steel Association expects a recovery in steel demand. The pressure on price-cost spreads is proving to be
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ArcelorMittal SA reports 20% drop in crude steel production
ArcelorMittal SA average capacity utilisation decreased from 60% in 2021 to 47% in 2022. The reduction in capacity utilisation reflects,
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SA steel consumption for 2022 decreased by 12% to 4 million tonnes
After increasing by 4% in 2021, global crude steel production decreased by 4% or 82 million tonnes in 2022 to
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ArcelorMittal SA reacts on developments in steel market
On 28 July 2022, at the announcement of the Company’s interim financial results, it was indicated that the outlook for
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ArcelorMittal South Africa announces decarbonisation roadmap
VANDERBIJLPARK – In its 2021 (inaugural) Environmental, Social and Governance (ESG) report, ArcelorMittal South Africa communicated that it was planning
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AMSA blames high prices of raw materials on its weaker performance
VANDERBIJLPARK – Based on information currently available, ArcelorMittal South Africa has advised that the Company expects the earnings per share
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Newcastle blast furnace: 5 382 carbon blocks, 14 047 refractory bricks
ArcelorMittal South Africa average capacity utilisation decreased from 59% in the 2021 comparable period to 42% in 2022 and should
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AMSA: SA steel consumption for H1 2022 decreased by 14%
Global crude steel production decreased to 949 million tonnes due largely to plant idling because of pandemic-related lockdowns, high inventories
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ArcelorMittal SA to develop two 100MW renewable energy projects
ArcelorMittal South Africa has shown stronger headline earnings of R3 025 million for 2022 (2021: R2 482 million) were supported
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AMSA planning feasibility study for two renewable energy projects
Vanderbijlpark – ArcelorMittal South Africa is embarking on a process to develop two 100MW renewable energy projects, planned for Gauteng
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AMSA capacity utilisation increased from 42% in 2020 to 60% in 2021
Excluding Saldanha Works, which through an orderly and commercial wind-down was placed under care and maintenance early in the second
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ArcelorMittal SA reports strongest annual earnings since 2008
Despite the volatility from the ongoing presence and repercussions of Covid-19 and its various variants, 2021 was an exceptionally strong
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Arcelormittal South Africa reports strongest annual profit since 2008
Despite the volatility from the ongoing presence and repercussions of Covid-19 and its various variants, 2021 was an exceptionally strong
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Arcelormittal SA profits improve more than 100% YoY
VANDERBIJLPARK – Based on the information currently available, Arcelormittal South Africa expects: The earnings per share to improve from R1,80
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Steelmaker AMSA: Comeback from existential crisis to record profits
In 2020, ArcelorMittal SA’s sustainability had being questioned by its most important stakeholders who wondered if the country’s only upstream
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ArcelorMittal leads initiative on zero-carbon steel
One of the priorities of the ArcelorMittal group is to lead the steel industry globally on sustainability. This is reflected
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ArcelorMittal South Africa records strongest profits in a decade
As anticipated in February 2021, both stronger sales volumes and the benefit of robust price-cost effects enabled ArcelorMittal South Africa
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ArcelorMittal turns from lossmaker to very profitable
Vanderbijlpark – ArcelorMittal South Africa is in the process of finalising its results for the six months ended 30 June
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ArcelorMittal SA to deliver strong set of results
Vanderbijlpark – ArcelorMittal South Africa is expected to deliver a strong set of results for the six months ending 30
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AMSA to boost steel output to meet shortage in SA
Africa’s largest steel producer ArcelorMittal South Africa in its 2020 integrated annual report said that it is committed to addressing
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Tragic incident at AMSA coke oven battery
VANDERBIJLPARK, RSA – ArcelorMittal South Africa has announced that an incident at its Vanderbijlpark operations on Wednesday, 17 February 2021,
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ArcelorMittal turns profit amid rising international steel prices
Rising international steel prices, particularly in the fourth quarter of 2020, were the consequence of global steel supply shortages due
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AMSA updates its trading statement for the year ended 31-12-2020
VANDERBIJLPARK – ArcelorMittal South Africa Limited advises that it is in the process of finalising its results for the year
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AMSA steelmaking operations return to EBITDA profitability
VANDERBIJLPARK, South Africa – ArcelorMittal South Africa, in its Trading Statement and Business Update for the year ended 31 December
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