JOHANNESBURG - AracelorMittal is pushing forward with shutting down its long-steel plants.
This is despite government discussions of a R1-billion rescue package.
The company blames the shutdown on ongoing losses and financial unsustainability.
The shuttering of the Newcastle and Vereeniging plants will affect 3500jobs.
- eNCA spoke to President of the Steel Industries Federation, SEIFSA, Elias Monage for more details.