ArcelorMittal South Africa Ltd 2024 IR
The report details ArcelorMittal South Africa's strategic and operational performance during 2024, a year marked by significant challenges in the domestic steel sector. The company faced an EBITDA loss of R1 818 million, heavily impacted by a R1.1 billion drain from its Longs business and operational issues at its Vanderbijlpark blast furnaces. Despite these financial strains, the company maintained its commitment to sustainability, investing R237 million in environmental capital expenditure and progressing its decarbonisation roadmap. Additionally, the company secured a R1 683 million loan facility from the Industrial Development Corporation to temporarily defer the wind-down of its Longs business until at least August 2025.
Company: ArcelorMittal South Africa Ltd
Sector: Materials
Country: South Africa
Year: 2024
Type: IR
Pages: 86
ArcelorMittal South Africa Ltd
Integrated Report
The report details ArcelorMittal South Africa's strategic and operational performance during 2024, a year marked by significant challenges in the domestic steel sector. The company faced an EBITDA loss of R1 818 million, heavily impacted by a R1.1 billion drain from its Longs business and operational issues at its Vanderbijlpark blast furnaces. Despite these financial strains, the company maintained its commitment to sustainability, investing R237 million in environmental capital expenditure and progressing its decarbonisation roadmap. Additionally, the company secured a R1 683 million loan facility from the Industrial Development Corporation to temporarily defer the wind-down of its Longs business until at least August 2025.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Energy Consumption
Water Consumption
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees