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French Industry Min To Begin Talks with ArcelorMittal Executives

PARIS--French Industry Minister Arnaud Montebourg will start talks on the future of Steel giant ArcelorMittal's (MT, MT.FR) Florange steel plant, "very quickly", according to a statement from the minister's office issued late Friday. The statement comes after an expert's report presented to the minister said that "a rapid and significant investment plan will be required" at the plant, in order for the site to maintain its competitiveness. The minister will hold talks with ArcelorMittal's executives "to ensure that such a development project for the site would correspond with the company's strategy," according to the statement. Around two months ago, ArcelorMittal confirmed it plans to extend for another six months the partial idling of the steel plant until the end of 2012. The plant's future is one of several cases which are being closely followed by the French government as weak European demand and competitively issues weigh on the country's industry. French car maker Peugeot SA (UG.FR) is in the midst of intense consultations with President Francois Hollande's government over its recently unveiled restructuring plans. -Write to Nadya Masidlover at nadya.masidlover@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Mittal Steel (MT)
DateTimeHeadline
04/24/201510:50:40Report of Foreign Issuer (6-k)
04/10/201518:10:21Mining Companies Face Dangers From Criminal Gangs in Mexico
04/09/201514:56:23Report of Foreign Issuer (6-k)
04/07/201513:46:29Amended Report of Foreign Issuer (6-k/a)
04/03/201512:17:31Report of Foreign Issuer (6-k)
03/16/201514:12:56Report of Foreign Issuer (6-k)
03/02/201511:41:41Automatic Shelf Registration Statement of Securities of Well-known...
03/02/201510:24:50Report of Foreign Issuer (6-k)
02/27/201518:51:15Iron Ore Prices Continue To Weigh In On ArcelorMittal With No...
02/26/201513:57:14Amended Annual and Transition Report (foreign Private Issuer...
02/25/201512:36:51Report of Foreign Issuer (6-k)
02/25/201509:35:35Notice of Iran-related Disclosure Filed Pursuant to Section 13(r)(3...
02/24/201514:49:49Annual and Transition Report (foreign Private Issuer) (20-f)
02/23/201510:09:10The Finest Steel Must Endure The Hottest Fire
02/13/201514:27:23Report of Foreign Issuer (6-k)
02/13/201513:14:48ArcelorMittal Narrows Loss, Warns on Earnings -- 2nd Update
02/13/201512:23:46Correction to ArcelorMittal Expects Pressure From Iron Ore Prices...
02/13/201512:22:25ArcelorMittal Expects Pressure From Iron Ore Prices -- 2nd Update
02/13/201512:17:22ArcelorMittal Expects Pressure From Iron Ore Prices -- 2nd Update
02/13/201512:09:18Report of Foreign Issuer (6-k)

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