JOHANNESBURG - South Africa’s largest steelmaker is eyeing a return to production in Gauteng.
ArcelorMittal says it’s in advanced talks with the Industrial Development Corporation.
It's part of a broader restructuring plan to revitalise its Vereeniging works.
The company plans to restart production at the Vereeniging Bar Mill in the coming quarter.
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It will focus on high-value speciality steel bars for the automotive and mining sectors.
The key inputs are in short supply since long-steel operations were scaled back.
While details are limited, the move is seen as an attempt to secure local supply chains and protect jobs.