AMSA lifts Q3 production, sales amid difficult trading environment

ArcelorMittal South Africa (AMSA) increased its liquid steel production by 11.2%, or 125 000 t, in the third quarter ended September 30, despite tough trading conditions, owing to higher production at Saldanha Works as a result of the mini reline in the third quarter of last year. However, this was partly offset by lower production at Newcastle Works following a cutback in production as a result of high input costs and poor market conditions. The capacity use for the third quarter increased to 81% compared with 73% in the comparable period.