<p>News 24 reported that state owned South African rail monopoly Transnet's poor performance has forced ArcelorMittal South Africa to shut off a blast furnace for three weeks while the steelmaker has also warned customers that the Russia-Ukraine conflict is pushing key input prices skyward. ArcelorMittal South Africa in a letter sent to customers earlier this month said “It has been experiencing a progressive deterioration in the availability of trains which has affected the levels of raw materials stock and has forced the steelmaker to halt production at one of its blast furnaces in Vanderbijlpark.”</p> <p>Headquartered in Vanderbijlpark, Gauteng, ArcelorMittal South Africa is the largest steel producer on the African continent, with a production capacity, in a normal year, of 7 million tonnes of liquid steel per annum, after taking into account various yield factors, amounts to approximately 4.8 million tonnes of saleable steel products. The company supplies over 61% of the steel used in South Africa and exports the rest to sub-Saharan Africa and elsewhere.</p> <p>Transnet SOC Ltd is a large South African rail, port and pipeline company, headquartered in the Carlton Centre in Johannesburg. A majority of the company's stock is owned by the Department of Public Enterprises, or DPE, of the South African government.</p>
<p>News 24 reported that state owned South African rail monopoly Transnet's poor performance has forced ArcelorMittal South Africa to shut off a blast furnace for three weeks while the steelmaker has also warned customers that the Russia-Ukraine conflict is pushing key input prices skyward. ArcelorMittal South Africa in a letter sent to customers earlier this month said “It has been experiencing a progressive deterioration in the availability of trains which has affected the levels of raw materials stock and has forced the steelmaker to halt production at one of its blast furnaces in Vanderbijlpark.”</p> <p>Headquartered in Vanderbijlpark, Gauteng, ArcelorMittal South Africa is the largest steel producer on the African continent, with a production capacity, in a normal year, of 7 million tonnes of liquid steel per annum, after taking into account various yield factors, amounts to approximately 4.8 million tonnes of saleable steel products. The company supplies over 61% of the steel used in South Africa and exports the rest to sub-Saharan Africa and elsewhere.</p> <p>Transnet SOC Ltd is a large South African rail, port and pipeline company, headquartered in the Carlton Centre in Johannesburg. A majority of the company's stock is owned by the Department of Public Enterprises, or DPE, of the South African government.</p>
