ArcelorMittal South Africa Decides on Winding Down Longs Business

ArcelorMittal’s (MT) division, ArcelorMittal South Africa, has decided to wind down its Longs Business after facing continuous challenges like weak economic growth, high logistics and energy costs, and an influx of low-cost steel imports from China.The Longs Business remained unsustainable even after extensive consultations with the government and stakeholders to find viable solutions due to persistent high logistics and energy costs, combined with insufficient policy interventions, especially those decisio ...