12
Nov
16:13
AMSA winds down Saldanha operations on severe losses
ArcelorMittal South Africa (AMSA) will wind down operations at Saldanha Works beginning immediately, and put the unit on care and maintenance by end-March 2020.
The plant has lost its structural competitive cost advantage to effectively compete in the export market and is thus suffering from severe financial losses that are forecast to continue for the foreseeable future, AMSA says. Contractual domestic sales orders from Saldanha will now be fulfilled from the V…
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