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ArcelorMittal South Africa is part of the steel company Arcelor-Mittal. [ 1 ] [ 2 ] The company was originally Iscor Ltd. , a South African parastatal steel company. It was founded in 1928 and was first listed on the JSE Securities Exchange in 1989.
Sector Education and Training Authority (SETA), is the vocational skills training organization in South Africa.As of March 2011, there has been 21 SETAs. Each SETA is responsible for managing and creating learnerships, [1] internships, unit-based skills programmes, and apprenticeships within its jurisdiction.
In August 2024, ArcelorMittal acquired a 27.5% interest in Vallourec, a producer of seamless steel tubes, from funds managed by Apollo Global Management for €955 million. [63] [64] In 2025, the company's South Africa division ended production of long steel products due to high logistic and energy costs. [65]
Financially, ArcelorMittal South Africa expects to see a considerable decline in earnings for 2024. Revenue for the year is projected to fall by more than 5%, largely due to weak market conditions ...
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Saldanha Steel was a South African steel company originally formed as a partnership between Iscor Limited and the Industrial Development Corporation (IDC). [1] Saldanha Steel is now part of ArcelorMittal South Africa, which in turn is part of global steel company ArcelorMittal .
In 2004, it bought a majority stake in Iscor, renamed Mittal Steel South Africa. [6] In 2004, the company acquired Polskie Huty Stali, BH Steel, and certain Macedonian facilities from Balkan Steel. [4] In 2004, it merged with LNM Holdings and was renamed Mittal Steel. [4] [1] In January 2005, the company acquired Tadeusz Sendzimir Steelworks. [7]
Arcelor S.A. was the world's largest steel producer in terms of turnover and the second largest in terms of steel output, with a turnover of €30.2 billion and shipments of 45 million metric tons of steel in 2004.