ArcelorMittal Pulls French Site Bid for EU Steel Project-Reuters

Wednesday, 5 Dec 2012 07:00pm EST 

Reuters reported that ArcelorMittal has withdrawn its application for a European Union pilot project the French government hoped could keep two blast furnaces going at the group's Florange site in north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. 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.