Noluthando Gosa-linked Arcelormittal Sa Faces Crucial Decision On South African Mill

South Africa holds crisis talks with ArcelorMittal SA over Newcastle steel mill closure, threatening 3,500 jobs and vital long-steel supply.

IDC considers increasing stake in loss-making steelmaker to preserve South Africas steel manufacturing capacity.

ArcelorMittal SA faces surging costs, cheap Chinese imports, and 31 share price slump in 2025.

South Africas government is holding high-stakes crisis talks with ArcelorMittal South Africa Limited ArcelorMittal SA, the Gauteng-based steelmaker linked to Noluthando Gosa, over the potential closure of its loss-making Newcastle construction-steel mill .

According to people familiar with the matter, the Department of Trade, Industry and Competition DTIC and the state-owned Industrial Development Corp. IDC are exploring options to keep the plant operational. The Newcastle facility, based in KwaZulu-Natal, produces long-steel products essential to South Africas automotive, mining, and construction industriesgrades not currently manufactured by local rivals.

On April 1, ArcelorMittal SA, said the IDCits second-largest shareholder after its parentwould conduct a due-diligence process to potentially increase its shareholding. A decision on the plants fate could emerge within days.