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ArcelorMittal South Africa (AMSA) is exploring monetisation options for noncore assets valued over R5 billion as part of a strategy to reduce its net debt of R6.8 billion. The CEO indicated that negotiations with the Industrial Development Corporation (IDC) are ongoing and progressing well.

Key assets under consideration include the Saldanha Steel Works and parts of the Newcastle Works, with potential partnerships for repurposing operations. AMSA will continue producing high-value steel products in Gauteng and Mpumalanga despite previous business reductions.