ArcelorMittal South Africa defers plant closure after $92M injection
The closure of the long-steel operations has been expected since November 2023.
Iron ore prices surged on Monday, buoyed by renewed optimism over demand for the steel-making ingredient in China. According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $123.51 a tonne during afternoon trading,...
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