South Africa's ArcelorMittal to seek access to rail network

[John Ashworth]

S.Africa's ArcelorMittal plans to invest in rail equipment

ArcelorMittal South Africa is considering investing in rail transport equipment, Chief Executive Kobus Verster said on Thursday, after a decline in first-half steel production partly blamed on logistics problems dampened strong earnings...

ArcelorMittal South Africa eyes investments in rail locomotives, wagons

ArcelorMittal South Africa is considering investing in rail transport equipment, Reuters reported, citing Chief Executive Officer (CEO) Kobus Verster. The company, which lost about 600 million rand in H1 2022 due to rail service disruptions, is considering procuring locomotives and wagons, in partnership with a third-party equipment supplier...

[John Ashworth]

ArcelorMittal to seek access to rail network amid a collapse in Transnet service

ArcelorMittal South Africa (AMSA) has confirmed that it will seek to secure third-party access to Transnet’s rail network as part of efforts to stabilise the logistics involved in supplying key raw materials, such as iron-ore, having experienced an intense period of rail disruption during the first half of 2022, which cost it some R650-million in lost sales...