ArcelorMittal says not permanently ditching ULCOS plan

PARIS Thu Dec 6, 2012 4:28pm IST

General view of the ArcelorMittal Florange-Hayange blast furnace in Hayange, Eastern France, December 3, 2012. REUTERS/Vincent Kessler

General view of the ArcelorMittal Florange-Hayange blast furnace in Hayange, Eastern France, December 3, 2012.

Credit: Reuters/Vincent Kessler

Related Topics

Stocks

   
Priyanka Gandhi Vadra, daughter of Congress party chief Sonia Gandhi, adjusts her flower garlands as she campaigns for her mother during an election meeting at Rae Bareli in Uttar Pradesh April 22, 2014. REUTERS/Pawan Kumar

Election 2014

More than 814 million people — a number larger than the population of Europe — are eligible to vote in the world’s biggest democratic exercise.  Full Coverage 

PARIS (Reuters) - Steelmaker ArcelorMittal said on Thursday that an EU pilot project central to its deal with the government to save jobs at a site in northwestern France was not viable today for technical reasons, but it was not permanently ditching the scheme.

ArcelorMittal (ISPA.AS) earlier withdrew its application for the ULCOS project, which the government hoped could ensure a future for two idled blast furnaces at the Florange site.

"(This) is perfectly coherent with what is in the agreement signed with the French government," ArcelorMittal said in a statement after the European Commission said it had pulled its bid for ULCOS. "This in no way means the ULCOS project is being abandoned." (Reporting by Catherine Bremer; editing by Daniel Flynn)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Market Eye

REUTERS SHOWCASE

Asian Markets

Asian Markets

Asian stocks flat after China PMI meets expectations  Full Article 

Chinese Economy

Chinese Economy

Factory activity shrinks for 4th month; pace of decline slows   Full Article 

International Gold

International Gold

Gold hovers near 2-1/2 month lows on firm equities, fund outflows  Full Article 

GM Lawsuit

GM Lawsuit

GM seeks U.S. court protection against ignition lawsuits  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage