South Africa

The Department of Trade, Industry and Competition and the Industrial Development Corporation have provided over Rand 1.3 billion in financial support to ArcelorMittal South Africa (AMSA), including Targeted Enhanced Recruitment Scheme funding to retain nearly 3000 workers. AMSA has reported a Rand 5.1 billion loss for 2024 amid a decline in sales and production volumes; long steel operations alone lost Rand 1.1 billion.

AMSA wants the removal of the recycled steel export tax and is seeking tariffs on imports, plus relief on energy and rail costs. Meanwhile, mini-mills oppose lifting the tax, arguing that it supports local green steel production.

The sector remains under pressure, with the government actively negotiating with AMSA to prevent closure and redefine the future of the domestic steel industry through tariff and policy revision.