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ArcelorMittal South Africa Sees Profit Decline

Annual profit drops 62% due to prices.

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ArcelorMittal South Africa reported a significant decline in its annual profit, plummeting by 62% amid falling steel prices.

The steelmaker’s financial results reflect challenging market conditions, primarily driven by reduced demand and increased competition.

The company faces pressure from global economic fluctuations, impacting its operational efficiency and profitability.

This decline highlights the volatility in the steel market, influenced by factors such as oversupply and sluggish demand in key sectors.

As ArcelorMittal navigates these challenges, it aims to adapt its strategies to mitigate risks and stabilize its financial performance.

The outlook for the steel industry remains uncertain, with fluctuating prices posing risks for manufacturers and investors alike.

Concrete

Holcim UK drives sustainable construction

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Holcim UK has released a report titled ‘Making Sustainable Construction a Reality,’ outlining its five-fold commitment to a greener future. The company aims to focus on decarbonisation, circular economy principles, smarter building methods, community engagement, and integrating nature. Based on a survey of 2,000 people, only 41 per cent felt urban spaces in the UK are sustainably built. A significant majority (82 per cent) advocated for more green spaces, 69 per cent called for government leadership in sustainability, and 54 per cent saw businesses as key players. Additionally, 80 per cent of respondents stressed the need for greater transparency from companies regarding their environmental practices.

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Cemex invests in AI optimisation through OPTIMITIVE

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Cemex, through its corporate venture arm Cemex Ventures, has announced a strategic investment in OPTIMITIVE, a company specialising in AI-powered industrial process optimisation. OPTIMITIVE’s flagship products, Optibat RTO and Optibat Studio, enable real-time, closed-loop control of critical manufacturing operations, delivering notable improvements in energy efficiency and system productivity. This collaboration aims to embed artificial intelligence into Cemex’s global operations, supporting the company’s ‘Future in Action’ programme—its ambitious roadmap to achieve net-zero CO2 emissions. The integration of AI will allow Cemex to reduce energy consumption and emissions.

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GCCA releases LCR system

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The Global Cement and Concrete Association (GCCA) has launched the Low Carbon Ratings (LCR) system for cement and concrete, a new global rating based on products’ carbon footprints. The system uses a clear AA to G scale to help customers prioritise sustainability in material selection across construction sectors worldwide. The GCCA says that the LCR system is designed to be easily recognisable, with a simple visual graphic that indicates a product’s rating and provides consistency and comparability to other products.

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