Arcelor’s South Africa Assets Get Approach From Steel Processors

South African steel processors have approached the country’s biggest development-finance institution with a proposal to help take control of ArcelorMittal SA’s struggling local unit.

By Loni Prinsloo, Antony Sguazzin · Bloomberg Markets

South African steel processors have approached the country’s biggest development-finance institution with a proposal to help take control of ArcelorMittal SA’s struggling local unit.