SA Money Daily | ArcelorMittal shuts plants after govt infrastructure spending never came
100 000 containers now stuck outside three SA ports - as new penalties and price hikes loom View Online SA Money Daily The biggest business, economic and market news of the day. AHMED AREFF , BUSINESS DEPUTY EDITOR ArcelorMittal shuts plants after govt infrastructure spending never came ArcelorMittal SA has abandoned its long steel business after almost a decade of carrying it in the vain hope that South Africa would fuel demand through public infrastructure development . On Tuesday, Africa's largest steelmaker finally pulled the trigger, and announced more than 3 500 jobs are on the line as it winds down the business. The steelmaker said external national macro environment forces it has no contro...