ArcelorMittal Hands South Africa Responsibility for Mill Rescue

ArcelorMittal SA said it’s up to South Africa to keep crucial steel mills open and questioned the government’s industrial policy.

The company’s South African unit has negotiated with state officials since Jan. 6, when the firm said it planned to close three units including two mills that the country’s automotive, mine equipment and steel-fabrication industries depend on.

ArcelorMittal South Africa Ltd., or AMSA, on Thursday delayed the closures by a month and said it expects to make a final announcement toward the end of February.

“We are not going to carry any further losses on that business,” Chief Executive ...