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ArcelorMittal South Africa Limited

ACLJ.J

Latest Trade

130.00ZAc

Change

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Today's Range

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52 Week Range

119.00

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430.00

As of on the Johannesburg Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Arcelormittal South Africa Cuts Over 1,000 Jobs

Jan 23 (Reuters) - Arcelormittal South Africa Ltd <ACLJ.J>::JSE: ACL - ACL - TRADING STATEMENT AND BUSINESS UPDATE FOR THE YEAR ENDED 31 DECEMBER 2019.EMPLOYEE REORGANISATION HAS BEEN LARGELY FINALISED AND RESULTED IN A REDUCTION OF OVER A THOUSAND OWN EMPLOYEES.SIGNIFICANT REPRICING AND RESCOPING OF SUB-CONTRACTOR SERVICES WILL BE COMPLETED BY END OF Q1 OF 2020.CLOSURE OF SIGNIFICANT LONG STEEL PRODUCT PLANTS IS NOT ANTICIPATED IN FORESEEABLE FUTURE.PRIMARY STEEL MAKING OPERATIONS WILL CONTINUE AT NEWCASTLE WORKS.FY HEADLINE EARNINGS TO DECREASE BY AT LEAST R4 300 MLN TO HEADLINE LOSS,RESULTING IN HEPS DECREASE BY AT LEAST 393 CENTS.IMPAIRMENT CHARGES WERE RECOGNIZED FOR FY END 31 DEC FROM ACTIONS UNDERTAKEN IN RESPONSE TO CHALLENGING TRADING CONDITIONS.

Arcelormittal South Africa To Undertake Commercial Wind-Down Of Steel Operations At Saldanha Works

Nov 11 (Reuters) - Arcelormittal South Africa Ltd <ACLJ.J>::CONCLUSION OF THE 1ST PHASE OF THE STRATEGIC ASSET FOOTPRINT REVIEW & FURTHER INFORMATION ON THE S189 PROCESS.UNDERTAKE AN ORDERLY AND COMMERCIAL WIND-DOWN OF STEEL OPERATIONS AT SALDANHA WORKS.PROCESS OF WINDING DOWN SALDANHA'S STEEL OPERATIONS TO A STATE OF CARE AND MAINTENANCE WILL BEGIN IMMEDIATELY.ULTIMATELY PLACING SALDANHA WORKS OPERATION ON CARE AND MAINTENANCE.CONTRACTUAL DOMESTIC SALES ORDERS FROM SALDANHA WILL NOW BE FULFILLED FROM VANDERBIJLPARK WORKS.PROCESS OF WINDING DOWN SALDANHA'S STEEL OPERATIONS TO STATE OF CARE & MAINTENANCE IS ANTICIPATED TO BE COMPLETED IN Q1 2020.SALDANHA WORKS SUFFERING SEVERE FINANCIAL LOSSES AND THESE ARE FORECAST TO CONTINUE FOR FORESEEABLE FUTURE.CONTRACTUAL DOMESTIC SALES ORDERS FROM SALDANHA WILL NOW BE FULFILLED FROM VANDERBIJLPARK WORKS.PROGRESS BEING MADE WITH NEXT PHASE OF REVIEW FOCUSING ON NEWCASTLE, SOME LONG STEEL PRODUCTS ROLLING FACILITIES.

Arcelormittal South Africa Reports 18% Drop In Quarterly Liquid Steel Output

Nov 7 (Reuters) - Arcelormittal South Africa Ltd <ACLJ.J>::JSE: ACL - ACL - UNAUDITED OPERATIONAL INFORMATION FOR THE QUARTER ENDED 30 SEPTEMBER 2019.ARCELORMITTAL SOUTH AFRICA LTD - QTRLY LIQUID STEEL PRODUCTION DOWN BY 18%.ARCELORMITTAL SOUTH AFRICA - QTRLY LIQUID STEEL PRODUCTION LOWER BY 236 000 TONNES, MAINLY DUE TO 185,000 TONNES LOWER OUTPUT AT VANDERBIJLPARK WORKS.ARCELORMITTAL SOUTH AFRICA LTD QTRLY TOTAL STEEL SALES 1 061 THOUSAND TONS VERSUS 1 102 THOUSAND TONS.ARCELORMITTAL SOUTH AFRICA - QTRLY LOCAL SALES WERE 150 000 TONNES (16.9%) LOWER.ARCELORMITTAL SOUTH AFRICA - QTRLY COMMERCIAL COKE SALES 22 000 TONNES (-50.4%) LOWER AND TAR SALES ALSO DOWN BY 2 000 TONNES OR 10.5%.ARCELORMITTAL SOUTH AFRICA LTD - VOLATILITY IN RAND/US DOLLAR EXCHANGE RATE CONTINUES TO IMPACT BUSINESS SIGNIFICANTLY.ARCELORMITTAL SOUTH AFRICA LTD - CAPACITY UTILISATION FOR Q3 2019 DECREASED TO 65% COMPARED TO 85% IN COMPARABLE PERIOD.

Averda South Africa Wins A 3-Year Contract With Arcelor Mittal

Oct 28 (Reuters) - AVERDA ::AVERDA HAS WON A THREE-YEAR CONTRACT WITH ARCELORMITTAL SOUTH AFRICA.CONTRACT SCOPE COMPRISES COLLECTION, TRANSPORTATION AND DISPOSAL OF SEVERAL COMPLEX WASTE STREAMS INCLUDING SLUDGE, COAL TAR, OIL AND GREASE, EFFLUENT, BORAX AND PHOSPHATES.

Arcelormittal South Africa Announces Strategic Asset Footprint Review Of Operating Sites

Sept 25 (Reuters) - Arcelormittal South Africa Ltd <ACLJ.J>::ANNOUNCEMENT OF A STRATEGIC ASSET FOOTPRINT REVIEW OF ARCELORMITTAL SOUTH AFRICA'S OPERATING SITES.IS IN PROCESS OF CONSULTING WITH ITS EMPLOYEES AND TRADE UNIONS ABOUT REVIEW.OUTCOME OF REVIEW MAY RESULT IN CLOSURE OF CERTAIN OPERATING SITES, INDIVIDUAL PLANTS AND PRODUCTION AREAS.OUTCOME OF REVIEW MAY RESULT IN CONCENTRATION OF OPERATIONS AT REMAINING SITES.EXTENDED STRATEGIC EVALUATION TO INCORPORATE REVIEW OF OPERATIONAL, FINANCIAL SUSTAINABILITY OF SOME OF ITS MAJOR OPERATING SITES.STRATEGIC EVALUATION EXTENDED TO ALSO INCORPORATE REVIEW OF INDIVIDUAL PLANTS AND PRODUCTION AREAS.SOME OPERATING SITES, INDIVIDUAL PLANTS, PRODUCTION AREAS PROVEN TO BE PARTICULARLY VULNERABLE FROM FINANCIAL PERSPECTIVE.STRATEGIC EVALUATION EXTENSION EXCLUDES COMMERCIAL MARKET COKE OPERATIONS.STRATEGIC EVALUATION EXTENSION DOES NOT IMPACT ANNOUNCED PLANNED ACQUISITION OF HIGHVELD STRUCTURAL MILL.ENVISAGED THAT PROCESS OF CONSULTATION WITH EMPLOYEES, TRADE UNIONS MAY BE FINALISED IN Q4 OF 2019.

Arcelormittal South Africa Posts HY Headline Loss Of 638 Mln Rand

Aug 1 (Reuters) - Arcelormittal South Africa Ltd <ACLJ.J>::CONSOLIDATED FINANCIAL RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2019.HY HEADLINE LOSS OF R638 MILLION COMPARED TO HEADLINE EARNINGS OF R54 MILLION FOR SAME PERIOD LAST YEAR.INTERNATIONAL STEEL PRICES ARE EXPECTED TO IMPROVE WHILE RAW MATERIAL BASKET IS LIKELY TO BE LOWER.SALE OF BUSINESS AGREEMENT CONCLUDED IN RELATION TO ACQUISITION BY ARCELORMITTAL SOUTH AFRICA OF HIGHVELD STRUCTURAL MILL.HY REVENUE 21.74 BILLION RAND VERSUS 22.87 BILLION RAND.

Arcelormittal Entered Into Sale Of Business Agreement With HSM And Highveld

Aug 1 (Reuters) - Arcelormittal South Africa Ltd <ACLJ.J>::JSE: ACL - ACL - TERMS ANNOUNCEMENT : PROPOSED ACQUISITION.ARCELORMITTAL SOUTH AFRICA LTD - ENTERED INTO A SALE OF BUSINESS AGREEMENT WITH HSM AND HIGHVELD.ARCELORMITTAL SOUTH AFRICA - SALE IN RELATION TO ACQUISITION OF ASSETS AND LIABILITIES OF STRUCTURAL STEEL AND RAIL MANUFACTURING BUSINESS.ARCELORMITTAL SOUTH AFRICA LTD - PURCHASE PRICE PAYABLE BY ARCELORMITTAL SHALL BE AN AMOUNT EQUAL TO ZAR150 MILLION TO BE PAID ON EFFECTIVE DATE IN CASH.ARCELORMITTAL SOUTH AFRICA LTD - PURCHASE PRICE WILL BE INCREASED BY AN AMOUNT EQUAL TO ZAR150 MILLION, SUBJECT TO OCCURRENCE OF A PAYMENT TRIGGER EVENT.ARCELORMITTAL SOUTH AFRICA LTD - WILL MAKE OFFERS OF EMPLOYMENT ON A FIXED BASIS TO ALL CURRENT EMPLOYEES OF BUSINESS.

Arcelormittal South Africa Says HEPS Now Expected To Decrease To Loss Within A Range Of 53 & 63 Cents

July 29 (Reuters) - Arcelormittal South Africa Ltd <ACLJ.J>::UPDATED TRADING STATEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2019.CONTINUES TO FACE CHALLENGES AS A RESULT OF DIFFICULT TRADING ENVIRONMENT IN SOUTH AFRICA.HY LOSS PER SHARE IS EXPECTED TO IMPROVE FROM 147 CENTS PER SHARE TO A LOSS WITHIN A RANGE OF 54 AND 64 CENTS PER SHARE.FALL IN INTERNATIONAL STEEL PRICES, RISE IN COST OF ELECTRICITY, RAIL TRANSPORT & RAW MATERIAL HAVE CONTRIBUTED TO CHALLENGES.HEPS NOW EXPECTED TO DECREASE FROM 5 CENTS/SHARE TO HEADLINE LOSS PER SHARE WITHIN A RANGE OF 53 & 63 CENTS PER SHARE.CO EXPECTED HY HEADLINE EARNINGS TO DECREASE BY AT LEAST R650 MILLION TO LOSS RESULTING IN A DECREASE IN HEPS BY AT LEAST 59 CENTS .

ArcelorMittal South Africa Says Excess Of 2,000 Positions May Be Affected By Restructuring

July 10 (Reuters) - ArcelorMittal South Africa Ltd <ACLJ.J>::TRADING STATEMENT AND BUSINESS REORGANISATION.SEES HY HEADLINE EARNINGS TO DECREASE BY AT LEAST R650 MILLION TO HEADLINE LOSS, RESULTING IN FALL IN HEPS BY AT LEAST 59 CENTS.SEES HY LOSS TO IMPROVE BY AT LEAST R700 MILLION (44%), RESULTING IN AN IMPROVEMENT OF LOSS PER SHARE BY AT LEAST 64 CENTS.A LARGE-SCALE RESTRUCTURING IS CONTEMPLATED, AND IT IS ANTICIPATED THAT IN EXCESS OF 2 000 POSITIONS MAY BE AFFECTED.FINAL OUT-COME AND NUMBER OF POSITIONS AFFECTED IS SUBJECT TO A FORMAL CONSULTATION PROCESS..MORE SIGNIFICANT MEASURES HAVE BECOME NECESSARY, INCLUDING REVIEW OF STAFFING LEVELS, TOGETHER WITH OTHER INTERVENTION.PREVIOUS COST-SAVING INITIATIVES WILL NOT BE SUFFICIENT.

Arcelormittal South Africa Says It May Face Criminal Proceedings Related To Vanderbijlpark Ops​

June 3 (Reuters) - ArcelorMittal South Africa Ltd <ACLJ.J>::ARCELORMITTAL SOUTH AFRICA - HAD BEEN INFORMED THAT THERE WAS INTENTION TO INSTITUTE CRIMINAL PROCEEDINGS AGAINST IT.ARCELORMITTAL SA - CRIMINAL PROCEEDINGS ON ACCOUNT OF 3 ALLEGED TRANSGRESSIONS OF ITS ATMOSPHERIC EMISSIONS LICENCE (AEL) AT VANDERBIJLPARK OPERATIONS.ARCELORMITTAL SOUTH AFRICA - GOT LEGAL ADVICE FROM SENIOR COUNSEL ON ENVIRONMENTAL MATTERS, TO ADHERE TO RELEVANT LEGAL PROCESSES THAT WILL FOLLOW.ARCELORMITTAL SOUTH AFRICA - SUMMONS INSTITUTING CRIMINAL PROCEEDINGS IN REGARD TO ENVIRONMENTAL MATTERS WAS SERVED ON COMPANY ON 30 MAY 2019..ARCELORMITTAL SOUTH AFRICA - THERE ARE THREE CHARGES, TWO OF WHICH RELATE TO ALLEGED CONDUCT OF CERTAIN ACTIVITIES WITHOUT AN AEL.ARCELORMITTAL SOUTH AFRICA - THERE ARE 3 CHARGES, WITH ONE RELATING TO ALLEGED FAILURE TO ADHERE TO AEL BY EXCEEDING SOME MINIMUM EMISSION STANDARDS.ARCELORMITTAL SOUTH AFRICA - IF THERE IS ADVERSE FINDING REGARDING ALLEGED TRANSGRESSIONS, MAXIMUM FINE PAYABLE IS UP TO R15M IN TERMS OF LEGISLATION.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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