• Accoutable government

    Mandi Smallhorne says government should be taken to court for its wasteful expenditure.

  • Inside Labour

    Terry Bell explores the connection between poultry, poverty and desperation.

  • A new ANC sweeper?

    Have the Guptas' new auditors mastered how to look the other way on cue, asks Solly Moeng.

All data is delayed
Loading...
See More

Amsa shares slide on force majeure

Feb 12 2013 12:58
Reuters
Nonkululeko Nyembezi-Heita

ArcelorMittal SA chief executive Nonkululeko Nyembezi-Heita. (Picture: Muntu Vilakazi) (Muntu Vilakazi)

Company Data

ARCELORMITTAL SOUTH AFRICA LIMITED [JSE:ACL]

Last traded 10
Change 0
% Change -4
Cumulative volume 353310
Market cap 0

Last Updated: 03-05-2016 at 11:51. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Fire ravages ArcelorMittal SA plant

Steel giants bid for ThyssenKrupp plant

ArcelorMittal cuts 1 300 Belgian jobs

ArcelorMittal, CSN push for steel mills

ArcelorMittal ignores new debt cut calls

ArcelorMittal SA full-year loss widens

 

Johannesburg - Shares of ArcelorMittal SA [JSE:ACL] extended losses, falling nearly 3%, after the steel producer said it would declare force majeure following the shut down of its Vanderbijlpark plant due to a fire.

The unit of global steelmaker ArcelorMittal said the fire at the plant on Saturday caused extensive damage, adding further strain to the struggling company.

The company last week said its full-year loss widened as domestic steel sales fell and commercial coke sales declined.

The shares were down 2.6% at R32.26 after dropping 6.76% to close at R33.12 on Monday.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

arcelormittal sa

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The drop in inflation:

Previous results · Suggest a vote

Loading...