ArcelorMittal threatens to close Saldhana steel plant

By Andy Rice 19 July 2010

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