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S.Africa's ArcelorMittal shares down 6% on second day of strike

(Reuters) - ArcelorMittal (NYSE:MT) South Africa Ltd's share price was down 5.97% at 1500 GMT on Thursday on the Johannesburg Stock Exchange on the second day of a strike over...
S.Africa's ArcelorMittal shares down 6% on second day of strike © Reuters. ArcelorMittal plant is seen in Vanderbijlpark, an industrial city south of Johannesburg, South Africa, November 21, 2017. REUTERS/Siphiwe Sibeko/Files

(Reuters) - ArcelorMittal (NYSE:MT) South Africa Ltd's share price was down 5.97% at 1500 GMT on Thursday on the Johannesburg Stock Exchange on the second day of a strike over wages, as workers picketed outside its factories.

The National Union of Metalworkers of South Africa (NUMSA) began a strike at Africa's biggest steel company on Wednesday, after wage negotiations broke down last week.

South Africa's labour court on Wednesday ordered that workers at the company's steel plants, blast furnaces and coke batteries be excluded from an ongoing job boycott, after ArcelorMittal argued these are essential services barred from striking by law, NUMSA said.

"Justice Mahosi of the labour court interdicted the strike temporarily but only for workers in the blast furnaces, coke batteries and the steel plant, until a final judgment has been made," NUMSA said in a statement.

The union wants a 10% pay increase, a housing allowance and payment of 80% of medical insurance costs, against the company's final offer of a 7% wage increase.

ArcelorMittal was not available to comment.

A NUMSA spokesperson said she could not immediately establish how many of union members worked in the departments affected by the court order but said NUMSA was the biggest union at ArcelorMittal, with about half of the company's permanent employees affiliated to it.

The company, majority owned by Luxembourg-based ArcelorMittal SA, had 7,133 permanent workers at the end of 2021, its latest annual report showed.

On Thursday, scores of striking workers picketed outside ArcelorMittal's Vereeniging plant about 100 kilometres south of Johannesburg, chanting protest songs, burning tyres and blocking roads with cement blocks and debris as police kept a close watch.

"We want a 10% salary increase, that's why we are standing outside," Marake Mokoena, a crane driver, told Reuters.

"This is because (the price of) everything is increasing, petrol, food and everything, but the company doesn't want to give us that percentage, so we will fight until we get that 10% increase."

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23-05-2022 11:44:44 (UTC+7)

EUR/USD

1.0593

+0.0033 (+0.31%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (7)

EUR/USD

1.0593

+0.0033 (+0.31%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (7)

GBP/USD

1.2550

+0.0063 (+0.50%)

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Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (4)

Sell (3)

USD/JPY

127.36

-0.49 (-0.38%)

Summary

Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (5)

Sell (2)

AUD/USD

0.7092

+0.0059 (+0.83%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (2)

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USD/CAD

1.2799

-0.0037 (-0.29%)

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↑ Buy

Moving Avg:

Buy (7)

Sell (5)

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Buy (7)

Sell (1)

EUR/JPY

134.91

-0.10 (-0.07%)

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Sell (8)

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Buy (2)

Sell (6)

EUR/CHF

1.0293

-0.0003 (-0.03%)

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Gold Futures

1,853.47

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↑ Buy

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Silver Futures

21.883

+0.209 (+0.96%)

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Copper Futures

4.3030

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Crude Oil WTI Futures

110.88

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Brent Oil Futures

110.71

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Natural Gas Futures

8.193

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US Coffee C Futures

216.48

-2.22 (-1.02%)

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Buy (12)

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Buy (6)

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Euro Stoxx 50

3,657.03

+16.48 (+0.45%)

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↑ Buy

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Buy (9)

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S&P 500

3,901.36

+0.57 (+0.01%)

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DAX

13,981.91

+99.61 (+0.72%)

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FTSE 100

7,389.98

+87.24 (+1.19%)

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Hang Seng

20,350.10

-367.14 (-1.77%)

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Buy (1)

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US Small Cap 2000

1,773.27

-2.96 (-0.17%)

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↑ Buy

Moving Avg:

Buy (7)

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IBEX 35

8,484.50

+78.50 (+0.93%)

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Neutral

Moving Avg:

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BASF SE NA O.N.

48.850

-0.010 (-0.02%)

Summary

Buy

Moving Avg:

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Sell (6)

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Bayer AG NA

63.74

+0.34 (+0.54%)

Summary

Buy

Moving Avg:

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Allianz SE VNA O.N.

195.58

+0.78 (+0.40%)

Summary

Buy

Moving Avg:

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Indicators:

Buy (8)

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Adidas AG

172.80

+0.92 (+0.54%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (7)

Sell (1)

Deutsche Lufthansa AG

6.852

+0.049 (+0.72%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

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Sell (5)

Siemens AG Class N

115.08

+2.62 (+2.33%)

Summary

Neutral

Moving Avg:

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Deutsche Bank AG

9.362

-0.130 (-1.37%)

Summary

Buy

Moving Avg:

Buy (6)

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Indicators:

Buy (8)

Sell (1)

 EUR/USD1.0593↑ Sell
 GBP/USD1.2550Buy
 USD/JPY127.36Buy
 AUD/USD0.7092Neutral
 USD/CAD1.2799↑ Buy
 EUR/JPY134.91↑ Sell
 EUR/CHF1.0293↑ Sell
 Gold1,853.47↑ Buy
 Silver21.883↑ Buy
 Copper4.3030↑ Sell
 Crude Oil WTI110.88Sell
 Brent Oil110.71↑ Buy
 Natural Gas8.193Sell
 US Coffee C216.48↑ Buy
 Euro Stoxx 503,657.03↑ Buy
 S&P 5003,901.36↑ Buy
 DAX13,981.91Buy
 FTSE 1007,389.98Neutral
 Hang Seng20,350.10↑ Sell
 Small Cap 20001,773.27↑ Buy
 IBEX 358,484.50Neutral
 BASF48.850Buy
 Bayer63.74Buy
 Allianz195.58Buy
 Adidas172.80Buy
 Lufthansa6.852↑ Sell
 Siemens AG115.08Neutral
 Deutsche Bank AG9.362Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,880/ 6,980
(5/ 5) # 1,770
SJC HCM6,895/ 6,985
(0/ 0) # 1,775
SJC Hanoi6,895/ 6,987
(0/ 0) # 1,777
SJC Danang6,895/ 6,987
(0/ 0) # 1,777
SJC Nhatrang6,895/ 6,987
(0/ 0) # 1,777
SJC Cantho6,895/ 6,987
(0/ 0) # 1,777
Cập nhật 23-05-2022 11:44:47
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ↀ Giá vàng thế giới
$1,854.15+8.330.45%
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Sản phẩmVùng 1Vùng 2
RON 95-V30.58031.190
RON 95-III29.98030.570
E5 RON 92-II28.95029.520
DO 0.05S26.65027.180
DO 0,001S-V27.45027.990
Dầu hỏa 2-K25.16025.660
ↂ Giá dầu thô thế giới
WTI$110.90-0.37-0.33%
Brent$113.38-0.49-0.43%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.005,0023.315,00
EUR23.899,8625.238,69
GBP28.277,1029.483,51
JPY176,47186,83
KRW15,8019,25
Cập nhật lúc 11:38:00 23/05/2022
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