ArcelorMittal pulls French site bid for EU steel project

Published December 06, 2012

| Reuters

PARIS – Steel maker ArcelorMittal has withdrawn its application for a European Union pilot project the French government hoped could keep two blast furnaces going at the group's Florange site in north France.

"We have been informed in a letter from ArcelorMittal that the group has decided to withdraw its bid for Florange due to technical difficulties," a European Commission spokesman said.

The bid to use Florange for the Ulcos environmentally friendly steel project was central to a deal between the French government and ArcelorMittal to secure investment in the site and save jobs threatened by the closure of the furnaces.

(Reporting by Yves Clarisse; Writing by Catherine Bremer; editing by Daniel Flynn)

URL

http://www.foxbusiness.com/news/2012/12/06/arcelormittal-pulls-french-site-bid-for-eu-steel-project/