Johannesburg, 9 January 2025 – ArcelorMittal South Africa has made the final decision to mothball its long-steel operations at its Newcastle Works, Vereeniging Works, and its rail and structural subsidiary, AMRAS. This significant announcement is set to have far-reaching consequences, impacting not only the surrounding communities but also suppliers, contractors, and the broader metals and engineering sector.
The closure of these facilities marks a critical turning point for the local economy and the steel industry in South Africa. As one of the largest steel producers in the country, ArcelorMittal’s decision to shut down these operations is expected to lead to widespread job losses and a disruption in the supply chain, which could have a ripple effect on multiple industries dependent on steel products.