💨 Abstract

South Africa's largest steel producer, ArcelorMittal, is preparing to close operations in 2025 due to financial losses and increased competition from low-cost imports. The shutdown could lead to thousands of job losses and significant economic consequences, particularly for seven local automotive companies that build and export vehicles globally. The company is seeking government assistance, including a reported R1-billion bailout, to avoid closure and maintain operational efficiency.

Courtesy: www.thesouthafrican.com

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