ArcelorMittal SA vows to address SA’s steel shortages

  JOHANNESBURG – ARCELORMITTAL South Africa (Amsa) said in its 2020 integrated annual report that it was committed to addressing the country’s steel shortages. Chief executive Kobus Verster said on Friday the group had experienced considerable delays with starting the N5 blast furnace in Newcastle. Verster said the N5 setbacks were frustrating, particularly because of the group’s intense focus on addressing customers’ steel shortages that had been building up since before Covid-19. “In the new year we have budgeted and planned to fix the problems caused by the unusual post-pandemic…

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ArcelorMittal gets the go-ahead to buy steel manufacturer

The Competition Tribunal has unconditionally approved a large merger that will see ArcelorMittal SA acquire the steel and rail manufacturing business of Highveld Structural Mill, the Tribunal said in a statement on Wednesday. HSM, a subsidiary of Evraz Highveld Steel & Vanadium, is the only producer of “heavy sections of long steel” in the country, according to the Tribunal. It went into business rescue in 2015 and ceased production. In 2017, however, it reinstated production of the heavy sections. ArcelorMittal, the largest steel company in Africa, announced the R300 million…

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Eskom, Arcelor Among SA Firms Lacking Emissions Plans

Eskom, which accounts for two-fifths of South Africa’s greenhouse-gas emissions, leads the country’s biggest emitters in its failure to set targets to reduce its impact on the climate, a report shows. The state power utility, which produces most of its electricity from coal, also doesn’t disclose who at the company is responsible for assessing its climate-based risks, the Cape Town-based Centre for Environmental Rights said in a report released on Monday. With its economy heavily dependent on mining and manufacturing, South Africa ranks as the continent’s biggest producer of greenhouse…

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