Blast furnace failure costing millions

The fact that the blast furnace is not working will mean that there are serious shortages of steel in South Africa for the next three months. ArcellorMittal warns that these shortages could extend until the end of next year.

Ken Manners of SP Metal Forgings - which makes components for the local and international automotive market - says that ArcellorMittal is "doing its best" to try and resolve the problems but steel shortages will persist for the immediate future.

Steel users in South Africa say that the company has kept them informed about the problems and according to Business Report is trying to work with them to help alleviate problems.

Read more:

• Business Report: Newcastle furnace failure to cost exports, manufacturers