ArcelorMittal may get a bid of about $490 million for its struggling South African unit from a group led by the state-owned Industrial Development Corp. https://t.co/0NmI8BjWHU ...

Company Operations - ArcelorMittal's South Africa unit is in crisis talks with the government regarding its loss-making construction-steel mill [1] Government Intervention - South Africa's government is involved in deciding the fate of ArcelorMittal's struggling mill [1]