Sector: Basic Materials
The company is available at Interactive Brokers
ArcelorMittal South Africa Limited (JSE:ACL) is the largest steel producer on the African continent. ArcelorMittal SA operates in three areas:
Produced at Vanderbijlpark and Saldanha Works. Products include slabs and heavy plates as well as hot rolled coil, cold rolled and coated products. Major consumers are the construction, piping, packaging and automotive industries.
Produced at Newcastle and Vereeniging Works. Products include bars, billets, blooms, hot-finished and cold-drawn seamless tubes, window and fencing profiles, light, medium and heavy sections, rod and forged products. Long steel products are used primarily in the construction industry.
From batteries in Vanderbijlpark, Newcastle and Pretoria Works, Coke and Chemicals operations produces metallurgical coke for the company's furnaces in Vanderbijlpark and Newcastle Works, and commercial coke for sale to the ferro-alloy industry. The business also processes and beneficiates metallurgical and steel byproducts, including coal tar. These are sold as raw materials for a wide variety of uses.
ArcelorMittal SA has a depth of technical and managerial expertise that has been carefully nurtured since its inception in 1928. ArcelorMittal SA is known for its reliability and focus which has forged the organisation into a modern, highly competitive supplier of steel products to both domestic and global markets.
ArcelorMittal SA's global standing is underpinned by its association with the world’s largest steel producer, the ArcelorMittal Group. Through this association, ArcelorMittal SA has access to world-class research and development, best practice processes, aggressive procurement contracts and international market leverage to ensure the company remains at the cutting edge of the international steel industry.
The company’s ability to generate profits and cash throughout the fluctuations of the steel cycle is testimony to the success of years of intensive business re-engineering and the cultivation of a continuous improvement culture that has embedded ArcelorMittal SA’s position among the world’s lowest cash cost producers of steel.
ArcelorMittal SA is headquartered in Vanderbijlpark, Gauteng.
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Sasol is partnering steelmaker ArcelorMittal South Africa to explore carbon capture technology and steel production using green hydrogen.
2022-10-18 14:15 +02:00
South Africa’s unemployment rate hit a record high in the first quarter of this year as key sectors including agriculture shed jobs, data showed on Tuesday.
2020-06-23 05:11 +02:00ArcelorMittal South Africa swung to a half-year loss on Thursday, blaming the country`s electricity crisis, high inflation and weak demand from key steel-consuming sectors.
2023-07-27
ArcelorMittal South Africa`s full-year profit declined by 62% due to weaker steel prices and demand at a time when costs were driven up by significant price increases of key inputs such as coal, the company said on Thursday.
2023-02-09South African petrochemicals company Sasol on Tuesday said it was partnering steelmaker ArcelorMittal South Africa to explore carbon capture technology and steel production using green hydrogen.
2022-10-18
ArcelorMittal South Africa shares fell 10% on Thursday after the company said poor rail service, labour disruptions and the country`s worst-ever power cuts drove steel production down.
2022-07-28
ArcelorMittal South Africa is considering investing in rail transport equipment, Chief Executive Kobus Verster said on Thursday, after a decline in first-half steel production partly blamed on logistics problems dampened strong earnings.
2022-07-28South Africa`s largest metal workers union on Wednesday said it had signed a wage deal with ArcelorMittal South Africa Ltd, ending a two-week strike over a pay dispute.
2022-05-26ArcelorMittal South Africa Ltd`s share price was down 5.97% at 1500 GMT on Thursday on the Johannesburg Stock Exchange on the second day of a strike over wages, as workers picketed outside its factories.
2022-05-12(Reuters) -ArcelorMittal South Africa Ltd`s share price was down 5.97% at 1500 GMT on Thursday on the Johannesburg Stock Exchange on the second day of a strike over wages, as workers picketed outside its factories.
2022-05-12
ArcelorMittal South Africa Ltd`s share price was down 5.97% at 1500 GMT on Thursday on the Johannesburg Stock Exchange on the second day of a strike over wages, as workers picketed outside its factories.
2022-05-12
South Africa`s labour court has ordered workers at ArcelorMittal South Africa Ltd`s steel plants, blast furnaces and coke batteries to be excluded from an ongoing job boycott, after the company argued these are essential services barred from striking by law, the metal-workers union said.
2022-05-12
South Africa`s largest metal-workers` union began a strike at ArcelorMittal South Africa Ltd on Wednesday after wage negotiations broke down, the steelmaker said in a statement.
2022-05-11
Steel producer ArcelorMittal South Africa Ltd fell deeper into a half-year loss as demand for steel dropped due to the new coronavirus and output declined after operations were shut during a lockdown, the company said on Thursday.
2020-07-30
South Africa retailer Massmart Holdings Ltd has started talks with unions to cut up to 1,800 jobs at the company`s struggling Game stores as constrained spending and the new coronavirus weigh on performance, the company said on Tuesday.
2020-07-07JSE:TBS JSE:AVI JSE:ACL JSE:SPG JSE:MSM JSE:MPT JSE:LEW JSE:ARH
ArcelorMittal South Africa has issued force majeure notices to customers and suppliers "where appropriate" as a nationwide three-week lockdown impacts Africa`s biggest steel producer.
2020-04-03The South African arm of steelmaker ArcelorMittal expects to plunge to a first-half loss and cut more than 2,000 jobs as it struggles with cheap imports, rising costs and a flagging local economy, it warned on Wednesday.
2019-07-10
South African state-owned weapons manufacturer Denel has fired its chief financial officer Odwa Mhlwana after he was found guilty of all disciplinary charges relating to irregular expenditure, the firm said on Friday.
2018-11-09Production
