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AMSA insists ‘profitability within reach’ after reporting R1.49bn interim loss
Steel producer ArcelorMittal South Africa (AMSA) insists that it is fundamentally stronger than was the case 18 months ago and that “profitability is within reach”, after reporting a headline loss of R1.49-billion during the first half of 2026. The JSE-listed company had, over the past 18 months, placed its longs business into care and maintenance, leading to the closure of the Newcastle Works in KwaZulu-Natal, which contributed to some of the nonrecurring costs during the period.
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businessday.co.za
ArcelorMittal SA flags deeper losses as IDC weighs steelmaker’s future
ArcelorMittal SA’s latest guidance comes as Industrial Development Corporation assesses long-term viability of its long steel business
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engineeringnews.co.za
AMSA flags widened interim losses
Steelmaker ArcelorMittal South Africa (AMSA) has warned that its loss a share for the six months ended June 30 is likely to be between R1.10 and R1.14, compared with a loss a…
