ArcelorMittal South Africa's loss widens as steel import influx persists

ArcelorMittal SA

30/07/2026 09:01

July 30 (Reuters) - ArcelorMittal South Africa ACLJ.J said on Thursday its half-year loss widened by 47%, with the business weighed down by weak steel prices and an influx of steel imports, mainly from China.
The South African unit of global steelmaker ArcelorMittal MT.LU posted a headline loss of 1.489 billion rand ($89.29 million) in the six months ended June 30, from a headline loss of 1.014 billion rand previously.

($1 = 16.6754 rand)

 (Reporting by Nelson Banya, Editing by Louise Heavens)
 ((Nelson.Banya@thomsonreuters.com;))