ArcelorMittal Plant Review May End Hard South African Lesson

Updated on
  • ArcelorMittal unit studying future of plant on west coast
  • High power costs in winter make the operation unviable

The future of a steel plant built in an ambitious partnership between South Africa’s government and industry is in doubt after the local unit of ArcelorMittal said it is reviewing the viability of the Saldanha mill -- commissioned for $1 billion in 1997.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.