
ArcelorMittal SA’s collapse highlights urgent need for industrial policy reform
South Africa’s largest steelmaker, ArcelorMittal SA (AMSA), announced it is shutting down its long steel business and closing its plants in Newcastle and Vereeniging. AMSA initially deferred closing down due to a potential undertaking by Transnet in early 2024; however, it was forced to close shop after the government failed to follow through.














