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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
04/26/201613:53:00Report of Foreign Issuer (6-k)
04/26/201612:15:00ArcelorMittal to Redeem $1.4 Billion in Notes due in 2017
04/25/201613:32:29Report of Foreign Issuer (6-k)
04/19/201610:40:07Report of Foreign Issuer (6-k)
04/18/201613:11:23Report of Foreign Issuer (6-k)
04/13/201618:26:00ADRs End Higher; Steelmakers, Mining Companies Rise
04/13/201611:04:00Global Steel Demand to Fall Further in 2016 - World Steel Association
04/13/201608:43:00Worldsteel Forecasts Global Steel Demand Will Contract Again...
04/12/201612:05:17Amended Statement of Beneficial Ownership (sc 13d/a)
04/11/201611:31:00ArcelorMittal Launches Tender to Buy Back up to $3.2 Billion...
04/11/201610:45:04Report of Foreign Issuer (6-k)
04/08/201611:05:34Report of Foreign Issuer (6-k)
04/07/201607:48:04Prospectus Filed Pursuant to Rule 424(b)(3) (424b3)
04/04/201617:27:12Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
04/04/201617:26:46Report of Foreign Issuer (6-k)
04/04/201610:59:08Report of Foreign Issuer (6-k)
04/04/201603:47:00ArcelorMittal Secures up to $1 Billion in Financing for its U.S...
04/01/201612:50:00Thyssenkrupp, Tata in Talks on Steel Tie-Up -- 3rd Update
04/01/201612:35:00Thyssenkrupp, Tata in Talks on Steel Tie-Up -- 2nd Update
04/01/201608:24:00Thyssenkrupp, Tata in Talks on Steel Tie-Up -- Update

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