ArcelorMittal South Africa has announced that it has signed a new iron ore supply agreement with Kumba Iron Ore which will regulate the sale of up to 6.25 million mt per year of iron ore by Sishen Iron Ore Company (SIOC) to ArcelorMittal ...
Tags: Iron Ore, Metallurgy, Mineral
It's reported that ArcelorMittal South America expected that its shipments of steel long products would increase by 5%~6% in 2013, in comparison of 5.3 million tons in 2012. Augusto Espechit de Almeida, ArcelorMittal's president of long ...
Tags: Construction, Decoration
BD Live reported that aveng subsidiary Trident Steel’s ZAR 8.6 million fine set by the Competition Commission was confirmed by the Competition Tribunal on Wednesday. The settlement followed a commission investigation which found ...
Tags: fine set, Competition Tribunal, Trident Steel, Macsteel Service Centres
Reuters reported that shares of ArcelorMittal South Africa jump almost 5% as a turnaround in Chinese demand bolsters iron ore and steel prices. A steep drop in steel inventories held by Chinese traders may trigger a stronger price ...
Tags: ArcelorMittal, shares, jump, demand bolsters, iron ore, steel
South Africa moved one step closer to the creation of a state owned steel manufacturer on Monday with the Industrial Development Corporation's ZAR 3.4 billion acquisition of Anglo American's majority stake in the Scaw Metals Group. ...
Tags: steel manufacturer, ArcelorMittal SA, IDC
BD Live reported that the appointment of an ArcelorMittal heavyweight as chief financial officer of its South African operation is expected to lead to large scale restructuring at the struggling steelmaker. ArcelorMittal said this week ...