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ArcelorMittal warns France on consequences of Florange sale

November 23, 2012 - 21:04 GMT Location: London

KEYWORDS: ArcelorMittal , Florange , sale , Arnaud Montebourg , France , government

ArcelorMittal, the world’s largest steelmaker, has responded to French ministers’ suggestions of a complete government takeover of the company’s troubled Florange site.

"ArcelorMittal agreed in good faith that the government could try to find a buyer for the liquid phase of the Florange site, including the coke battery," the company said on Friday November 23. But the company added...

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