Multinational steel giant ArcelorMittal has announced the closure of two steel manufacturing plants and a rail production subsidiary in South Africa. This decision, which will impact approximately 3,500 direct and indirect jobs, is being attributed to unsustainable market conditions, including low steel prices and global overcapacity. The closures will affect the Newcastle and Vereeniging steel … Continue reading ArcelorMittal to Close Two South African Steel Plants, Affecting 3,500 Jobs