FilingReader Intelligence

ArcelorMittal South Africa defers business wind-down, losses narrow

July 14, 2025 at 09:00 PM UTCBy FilingReader AI

ArcelorMittal South Africa deferred the wind-down of its Longs Business to September 30, 2025, supported by an IDC facility of R1.683 billion.

The company expects earnings per share losses to narrow to R0.82-R0.93 from R1.09, with headline earnings per share losses improving to R0.89-R0.99 from R1.00 for H1 2025.

Sales volumes dropped 10% from 2024 H1 due to poor rail service and high imports.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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