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DELAYS IN COMMISSIONING THE FURNACE AT ARCELORMITTAL SOUTH AFRICA’S NEWCASTLE WORKS
ArcelorMittal South Africa Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1989/002164/06)
Share code: ACL
ISIN: ZAE000134961
(“ArcelorMittal South Africa")
DELAYS IN COMMISSIONING THE FURNACE AT ARCELORMITTAL SOUTH
AFRICA’S NEWCASTLE WORKS
ArcelorMittal South Africa shareholders are advised that
Newcastle Works has experienced unforeseen delays which are being
attended to urgently in restarting the Blast Furnace after the
reline was completed at the end of October 2014.
Management is confident that the contingency plans in place will
ensure delivery to most customers throughout December. The
December shut down period is expected to ease the pressure on the
plants and customer orders for the New Year will not be impacted.
The Newcastle Works reline is one of the largest investments made
by ArcelorMittal South Africa, aimed at increasing domestic
capacity, which further indicates ArcelorMittal South Africa’s
commitment to the South African steel industry and to the local
economy.
19 November 2014
Sponsor to ArcelorMittal South Africa Limited
J.P. Morgan Equities South Africa Pty Ltd
For further information please contact:
Kesebone Maema
Manager: Corporate Communications, Corporate Affairs
Tel: (016) 889 2425
Date: 19/11/2014 08:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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