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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
07/29/201614:49:40Report of Foreign Issuer (6-k)
07/29/201612:57:00ArcelorMittal Earnings Beat Expectations -- 3rd Update
07/29/201609:51:00ArcelorMittal Earnings Beat Expectations -- 2nd Update
07/29/201604:26:00ArcelorMittal Earnings Beat Expectations -- Update
07/29/201603:10:00ArcelorMittal Posts Surge in Profit on Exceptional Item
07/29/201602:39:00ArcelorMittal Sees Minimal Brexit Impact on its Business
07/29/201602:01:00ArcelorMittal Posts Surge in Profit on Exceptional Item
07/28/201611:54:00Cliffs Natural Profit Fell Sharply but Beat Estimates
07/19/201611:22:47Report of Foreign Issuer (6-k)
07/13/201613:44:49Report of Foreign Issuer (6-k)
07/11/201613:10:00Germany's Thyssenkrupp Confirms Talks With Tata Steel
07/11/201613:07:00Germany's Thyssenkrupp Confirms Talks With Tata Steel Over Possible...
07/01/201611:01:00Acciaieria Arvedi-led Consortium Bids for Italy's Ilva Steel...
06/30/201612:10:00ArcelorMittal, Marcegaglia Offer to Buy Italy's Largest Steel...
06/30/201611:12:23Report of Foreign Issuer (6-k)
06/30/201608:41:00ArcelorMittal, Marcegaglia Offer to Buy Italy's Largest Steel...
06/28/201614:26:47Report of Foreign Issuer (6-k)
06/14/201614:43:19Report of Foreign Issuer (6-k)
06/09/201613:10:00Cliffs Natural Resources to Reopen Minnesota Mine Early
05/31/201618:10:00ADRs End Mostly Lower; ArcelorMittal Rises

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