December 6, 2012 / 11:08 AM / in 5 years

ArcelorMittal says not permanently ditching ULCOS plan

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.

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

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)

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