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21 July 2017 10:49 (South Africa)

ArcelorMittal threatens to close Saldhana steel plant

  • Andy Rice
    andy rice
    Andy Rice

    Andy Rice is a founding partner of Yellowwood Future Architects, a marketing strategy consultancy. In his other lives, he is the southern hemisphere's only supporter of Cambridge United Football Club, and was once upon a time the South African National Spoofing Champion. He has played football at Wembley and cricket at Lord's within the same weekend, but troubled the scorer on neither occasion. Things could only go up from here.

ArcelorMittal SA has threatened to shut down its steel plant in Saldhana, unless Kumba Iron Ore reverts to selling it iron ore at cost plus 3%. According to Business Report newspaper, Kumba has said it would look for other domestic buyers should the Saldhana plant be closed down.  Read more: Reuters via M&G

  • Andy Rice
    andy rice
    Andy Rice

    Andy Rice is a founding partner of Yellowwood Future Architects, a marketing strategy consultancy. In his other lives, he is the southern hemisphere's only supporter of Cambridge United Football Club, and was once upon a time the South African National Spoofing Champion. He has played football at Wembley and cricket at Lord's within the same weekend, but troubled the scorer on neither occasion. Things could only go up from here.

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