Global Trade Alert
Global Trade Alert

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

Announcement

01 Apr 2025

In April 2025, the Industrial Development Corporation of South Africa announced a ZAR 1.68 billion facility for ArcelorMittal South Africa's Long Steels business. The funding aims to defer the closure of the company's steel manufacturing operations. 

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

01 Apr 2025

Revocation date:

No revocation date

Announced: 01 Apr 2025
Local labour incentive In force
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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Announced: 01 Apr 2025
Lending support In force
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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