Home / Main / ArcelorMittal has declared force majeure on supply of steel in South Africa

ArcelorMittal has declared force majeure on supply of steel in South Africa

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a three-week lock movements across the country had a negative impact on the South African branch of one of the world's largest steel producers.

ArcelorMittal has declared force majeure on supply of steel in South Africa

ArcelorMittal South Africa announced its customers about force majeure circumstances arising from decisions of the South African government to declare a total quarantine for 21 days.

"All the offices and the production site of ArcelorMittal in South Africa were closed, and employees of ArcelorMittal in South Africa stay at home, with the exception of the main operational staff who are required to care and maintenance of equipment to prevent emergency situations", - stated in the message of the company.

furthermore, ArcelorMittal South Africa reduces wages and work hours of its employees and limits the maximum number of subcontractors in all areas of activity.

"Unpredictable consequences of a pandemic COVID-19 and localization at the national level has created uncertainty regarding the degree and timing of impact on the volume of production and sales and increased the risk of default of customer service. Depending on the degree of implementation of these risks, possible disruptions in the company. The impact of this on the Company remains subject to significant uncertainty," - said in ArcelorMittal.

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