Steel group ArcelorMittal South Africa (AMSA) has confirmed that it will proceed with the wind down of its longs business after talks with government failed to yield the “timely solutions required” to prevent the closure.

"We will holistically transform the structures of industry, energy consumption and transportation toward green, low-carbon development," he said.

China's foreign trade enterprises are actively expanding into high-growth markets and high-potential industries.

AI adoption is accelerating across industries nationwide. From healthcare to finance and ports to railways, AI is driving innovation and improving efficiency.

US imports from China provide vital stock for businesses nationwide.

World crude steel production for the 69 countries reporting to the World Steel Association (worldsteel) was 151.4 million tonnes (Mt) in January 2025, a 4.4% decrease compared to January 2024.

The government will impose up to 38.02 percent antidumping tariffs on steel plates from China, accepting Hyundai Steel's claim that the oversupply of low-priced Chinese products has damaged the domestic industry.

Brazilian steelmaker Gerdau may opt to bump up its output capacity in the United States instead of building a new plant in Mexico, its CEO said on Thursday, as tariffs implemented by President Donald Trump shake up global trade.