South Africa’s government must “re-nationalize”
The company has begun closing steel operations that employ about 3,500 people and support as many as 100,000 indirect jobs after nearly two years of negotiations with the government failed to address its complaints, including high-input costs and competition from cheap imports.
ArcelorMittal’s assets include what was once Iscor Ltd., the state-run steelmaker built during apartheid to shield the country against sanctions and privatized ...
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