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ArcelorMittal SA seeks cash rescue
March 17, 2025
|Mint Kolkata
ArcelorMittal South Africa Ltd is seeking a 3.1 billion-rand ($170 million) rescue package to stave off the closure of crucial steel mills in the country, Sunday Times reported.
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The funds from Industrial Development Corp.—a national finance institution that has a 6.4% stake in the company—would prevent the full idling of its long-steel plants slated for the second quarter, sta
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