R/€ = 13.08
R/$ = 11.54
Au 1261.17 $/oz
Pt 1226.50 $/oz
Nov 03, 2011
Steel producer ArcelorMittal South Africa, which slumped to a dramatic third-quarter loss of R460-million on the back of serious operational disruptions and a rise in input costs, said it had increased domestic selling prices from November 1 notwithstanding recent...
Oct 24, 2008
There is much discussion about a possible global recession as the financial crisis, which had its original epicentre in the US, spreads across that world and is now starting to affect the real economy.
Oct 16, 2008
Africa's largest steel producer ArcelorMittal South Africa confirmed on Thursday that its export-focused Saldanha Steel mill, in the Western Cape, has been affected by the worldwide slowdown in the demand and that it is running "well below capacity". The JSE-listed...
May 23, 2008
Africa's largest steel producer ArcelorMittal South Africa would continue to "allocated" material to its customers until probably the third quarter, when it expected to return its plants to a more normalised level of production. Energy shortages, unstable production...
May 14, 2008
Africa's largest steel producer ArcelorMittal South Africa is seeking to galvanise a joint metals industry dialogue with State power utility Eskom in a bid to secure the same power-rationing dispensation that has been extended to South Africa's miners,...
Nov 25, 2005
Mittal Steel South Africa is to embark on a capex programme, which will involve a variety of asset-replacement projects, as well as the expansion of existing facilities in addition to the R1-billion already being spent on environmental projects.
Jan 10, 2003
South African steel group Iscor is seen posting a sharp increase in first-half earnings next week, buoyed by higher steel prices and demand and a big contribution from its Saldanha mill, analysts said yesterday.