AMSA weighs asset disposals as losses mount, debt rises and rand strengthens

ArcelorMittal South Africa (AMSA) is considering various asset disposals as part of a plan to strengthen its balance sheet, which remains under pressure as a result of a protracted period of lossmaking, which has endured since 2010. The JSE-listed steelmaker declared another headline loss of R2.52-billion for the year to December 31, 2017, a modest improvement on the R2.59-billion loss reported in 2016.