# ArcelorMittal South Africa to acquire Highveld Steel's heavy structural mill

ArcelorMittal South Africa announced its intention to acquire HSM, a subsidiary of Highveld Steel, which is Africa's only producer of heavy structural steel. The deal involves an upfront cash payment of R150 million and a possible further R150 million conditional on a rail offtake agreement.

- Type: Acquisition
- Announced: 2019-08-01
- Where: eMalahleni, South Africa, South Africa
- Value: $10.0M (150.0M ZAR)
- Status: announced
- Products: heavy structural steel, railway lines
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [ArcelorMittal South Africa](https://endata.com/companies/15215.md) (acquirer)
- [Highveld Steel](https://endata.com/companies/41025.md) (target)

## Sources

- [engineeringnews.co.za](https://www.engineeringnews.co.za/article/amsa-moves-to-buy-highvelds-heavy-structural-mill-2019-08-01), 2019-08-01: "The acquisition would ensure that the momentum created under the CMA was sustained and that South Africa retained a regionally strategic steel-manufacturing capability."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.