AMSA moves to recapture market share lost to imports and a fire
Channel: Engineering News
Date: 02/08/2013

South Africa's largest steel producer ArcelorMittal South Africa (AMSA) recorded a second-quarter recovery, following a dismal fire-afflicted first quarter. Nevertheless, it still slumped to a R123-million headline loss for the first half of the year to June 30, 2013.

The company, which is led by CEO Nonkululeko Nyembezi-Heita, also issued a warning that the third quarter would be weaker than the second quarter, owing to lingering softness in the domestic economy and rising costs.