By Reuters
ArcelorMittal South Africa said on Wednesday it is in talks with the government and other parties for funding that could delay the planned closure of its long steel operations.
The steelmaker said on February 28 that it would cease long steel production of fencing material, rail, rods and bars by April this year after discussions with the government failed to avert the loss-making plant’s closure.
“ArcelorMittal South Africa is engaging with stakeholders, including government, regarding funding and related matters to enable the deferral of the wind down of the long steel business, as well as regarding the interventions previously announced,” the company said in a statement.
The ongoing wind-down processes have not been stopped, it said, but was “being managed in a manner that accommodates ongoing funding discussions”.
“It should be noted that without agreement regarding the funding and related matters, the deferral of the wind down of the long
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