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ArcelorMittal South Africa news
ArcelorMittal South Africa appears in 1 story we have published in October 2026, mostly in our Business coverage. It is most often reported alongside ArcelorMittal and Industrial Development Corporation (IDC).
Latest development
South Africa’s IDC moves toward ₹5,400 crore takeover of ArcelorMittal South Africa
South Africa’s state-owned Industrial Development Corporation (IDC) is advancing toward a ₹5,400 crore acquisition of ArcelorMittal South Africa, a subsidiary of ArcelorMittal controlled by Lakshmi Mittal and Aditya Mittal. The deal, aimed at preserving steelmaking capacity and jobs, includes ₹1,620 crore in cash and the assumption of ₹3,780 crore in debt.
24 October 2026
