28
Jul
12:34
AMSA's production, sales shrink, earnings grow
ArcelorMittal South Africa (AMSA) expects second-half-year production to increase after the ZAR 464 million ($27.6m) Newcastle blast furnace restoration was recently completed.
AMSA's crude steel production decreased 30% on-year to 1.1 million tonnes in H1, with utilisation rate falling to 42% from 59% in H1 2021.
“The reduction in capacity utilisation and production reflects the impact of lower demand and the challenges associated with rail …
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Very good overview of the weekly steel market.
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