ArcelorMittal South Africa Shuts Mill as Kumba Talks Fail

ArcelorMittal South Africa Ltd., a unit of the world’s largest steelmaker, said it will close its Saldanha plant and cut all steel exports after failing to reach an interim iron ore supply agreement with Kumba Iron Ore Ltd.

ArcelorMittal South Africa, 46,8 %-owned by Luxembourg-based ArcelorMittal, produced 8 Mt of steel in 2009. Saldanha has a production capacity of 1,2 Mt/a.  (07/2010)