ArcelorMittal's Saldanha plant will keep operating, its chairman said on Wednesday after the facility was placed under review earlier this year due to low steel prices and rising costs.
The plant, north of Cape Town is the newest in the company’s fleet and was opened in 1998 to focus specifically on steel exports, but low steel prices and high electricity and transport costs made it unprofitable last year.
"As the board, we are comfortable that we will have a Saldanha that is a good, healthy, performing business for a long period," said ArcelorMittal SA’s chairman, Mpho Makwana.
Nenhum comentário:
Postar um comentário