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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
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08/26/201406:03:37European Stocks Pause as Investors Still Mull Draghi's Hint at...
08/25/201417:30:50French Economy Minister's Exit Reflects Divisions
08/14/201413:35:30ArcelorMittal Said to Send Letter of Intent for Ilva Steel Plant...
08/08/201419:32:21Ebola Virus Outbreak Is Public Health Emergency, World Health...
08/08/201413:10:15ArcelorMittal Contractor Moving Workers out of Liberia
08/01/201419:46:16ArcelorMittal Warns on Profit as Lower Iron-Ore Price Takes Toll--Update
08/01/201412:11:04EUROPE MARKETS: ArcelorMittal, Iliad Slump In Europe; AXA Climbs
08/01/201405:15:49ArcelorMittal Agrees to Buy Stake in Guinea's Mount Nimba Iron-Ore...
08/01/201404:13:50ArcelorMittal Warns on Profit as Lower Prices Take Toll -- Update
07/21/201416:40:37Severstal to Sell Its North American Units -- Update
05/13/201420:08:11U.S. Steel Imports Spark Wave of Trade Complaints - Update
05/13/201407:23:53Retooled ThyssenKrupp Raises Profit Outlook--Update
05/09/201417:44:09ADR Shares End Mixed; ArcelorMittal, Alcatel-Lucent Shares Active
05/09/201416:05:35ArcelorMittal Loss Narrows -- 4th Update
05/09/201412:09:48EUROPE MARKETS: European Stocks Fall From Six-year High

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