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Global Trade Alert

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South Africa: IDC provides funding to support ArcelorMittal's long steels business

Description

On 1 April 2025, the Industrial Development Corporation (IDC) of South Africa announced an agreement with ArcelorMittal South Africa to provide a ZAR 1.68 billion (USD 91.15 million) capital facility ...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Apr 2025

Revocation date

No revocation date

Implementation level

NFI

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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