ArcelorMittal to shut Saldanha steel plant in South Africa
Business | November 11, 2019 18:55 ISTThe company, majority-owned by ArcelorMittal, announced on its website that "568 people work at the plant which has produced steel products for more than two decades." As part of a strategic review of its operations, the steel manufacturer found that its Saldanha operations had lost their competitive cost advantage to compete in the export market, "mainly due to raw material and regulated prices"