Carmakers beg ArcelorMittal to delay SA mill closures

[joshuatree]

Need at least a year to source alternative steel supplies. Shuttering the steel mills could result in plant closures and job losses in their industries, they said.

By Antony Sguazzin, Bloomberg 16 Jan 2025 12:41

Carmakers in South Africa are imploring the local unit of ArcelorMittal SA and the country’s trade minister to work together to delay the planned closure of steel mills this month.

Associations representing both automotive component makers and car manufacturers — including Volkswagen AG and Toyota Motor Corp — said in near-identical letters seen by Bloomberg that they need at least a year to source alternative steel supplies. Shuttering the steel mills could result in plant closures and job losses in their industries, they said.

More: https://www.moneyweb.co.za/news/com...-beg-arcelormittal-to-delay-sa-mill-closures/

 

[joshuatree]

Paywall:

Carmakers beg ArcelorMittal to delay closure of SA mills https://www.news24.com/fin24/compan...rmittal-to-delay-closure-of-sa-mills-20250116

 

[Willy Strong]

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[joshuatree]

The automotive sector is one of the country’s largest economic sectors contributing 4,3 percent to the country’s gross domestic product. The industry is also the country’s fifth largest export sector accounting 18, 1 percent of total exports and employs over 110 000 people.

SA automotive sector | South African Government

www.gov.za