South Africa - Latest news GMK Center

The country's steel industry is under pressure due to internal and external factors

This measure is intended to protect the country's steel industry

The country has significantly increased anti-dumping duties on products from these countries

The proposal aims to strengthen the local share

At the end of 2025, the parties failed to reach an agreement

The state-owned Industrial Development Corp. is working with financial advisors on this matter

Job losses deepen in the country

The company plans to lay off 4,000 employees, with the cuts affecting its flagship asset in the country

ArcelorMittal South Africa plans to shut down its long products manufacturing facilities in September

In January, ArcelorMittal South Africa announced a plan to close its long products production facilities

The company focused on developing a business viability plan

The rate of duty will be 9%, it is implemented for 200 days for all countries except developing countries