{"id":23331,"date":"2026-02-05T08:05:02","date_gmt":"2026-02-05T06:05:02","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/arcelormittal-sa-narrows-loss-after-shutting-long-steel-operations\/"},"modified":"2026-02-27T16:34:08","modified_gmt":"2026-02-27T14:34:08","slug":"arcelormittal-sa-narrows-loss-after-shutting-long-steel-operations","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/arcelormittal-sa-narrows-loss-after-shutting-long-steel-operations\/","title":{"rendered":"ArcelorMittal SA narrows loss after shutting long steel operations"},"content":{"rendered":"<div>\n<p class=\"x_MsoNormal\"><span style=\"background-color: var(--global--color-background); color: var(--global--color-primary); font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">ArcelorMittal South Africa (SA) said on Thursday it narrowed its full year loss by 34% on the back of lower raw material costs and after closing its money losing long steel business.<\/span><\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\"><span style=\"background-color: var(--global--color-background); color: var(--global--color-primary); font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">Sub-Saharan Africa&#8217;s top steelmaker posted a headline loss of $207.86 million in the year ended December 2025.<\/span><\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\"><span style=\"background-color: var(--global--color-background); color: var(--global--color-primary); font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">The SA unit of global steelmaker ArcelorMittal has been battling weak local demand, high electricity costs as well as competition from local scrap metal recycling mini-mills and imports from China.<\/span><\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\"><span style=\"background-color: var(--global--color-background); color: var(--global--color-primary); font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">ArcelorMittal SA&#8217;s Luxembourg-headquartered parent company, however, on Thursday reported earnings before interest, tax, depreciation and amortisation (EBITDA) of $1.59 billion for the fourth quarter, beating analysts&#8217; average estimate of $1.51 billion.<\/span><\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">The SA unit said its crude steel production and sales were down 12% to 2.3 million metric tons and 2 million metric tons, respectively. Its realised steel prices were 5% lower in Rand terms and 3% down in United States Dollars.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\"><span style=\"background-color: var(--global--color-background); color: var(--global--color-primary); font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">ArcelorMittal SA shut down its long-steel plants last year in an effort to stem losses.<\/span><\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\"><span style=\"background-color: var(--global--color-background); color: var(--global--color-primary); font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">&#8211;Reuters&#8211;<\/span><\/p>\n<\/div>\n","protected":false},"featured_media":22754,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-23331","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":null,"news_description":"ArcelorMittal SA said on Thursday it narrowed its full year loss by 34%","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/23331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/23331\/revisions"}],"predecessor-version":[{"id":26329,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/23331\/revisions\/26329"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/22754"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=23331"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=23331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}