# ArcelorMittal South Africa says it is engaging with stakeholders, including the government, regarding funding that could delay the planned closure of its long steel operations. The steelmaker announced that it will cease long steel production of its mills in Newcastle and Vereeniging by April this year, impacting three-thousand-500 direct and indirect jobs. The company’s longs business operational loss doubled to 1.1-billion-rand in 2024, from 600-million-rand the year before. ArcelorMittal says without a funding agreement, the deferral of the wind-down of the longs business will not be feasible.
ArcelorMittal South Africa in talks with government and other parties for funding