Steelmaker ArcelorMittal South Africa (AMSA) return to profit in the second half of its 2020 financial year on the back of steel-shortage-induced price rises that negatively affected many domestic downstream consumers and have led to growing calls for a lifting of import protection. The JSE-listed company recorded a loss in the first half of the Covid-afflicted year, when almost all its operations were halted for the first time in the company’s history, but recovered to a R1.02-billion profit in the second six months.
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