# Parliament’s portfolio committee on Trade, Industry, and Competition says it is concerned about the closure of ArcelorMittal South Africa’s long steel business. The committee had a closed meeting with the management of the steelmaker. The company is planning to close its loss-making long steel operations in Newcastle and Vereeniging, however government is hoping to this week finalise a deal that could save three-thousand-500 jobs. The committee says the maintenance of domestic steel production capacity is critical to cushion the economy against global supply shocks.
Parliament committee concerned by the possible closure of ArcelorMittal’s long steel operations