South Africa’s state-owned Industrial Development Corporation (IDC) is evaluating a R8.5bn ($491m) bid to acquire ArcelorMittal's operations in the country, reported Bloomberg, citing sources familiar with the matter. If the bid is successful, it would end almost two years of negotiations with the state-owned company, the government’s trade and industry department, and steelmaker ArcelorMittal. This potential acquisition by IDC could bring global steel companies to South Africa, as the corporation plans ...