ArcelorMittal Netherlands B.V. (MT.AE) has scrapped its plan to buy 40% of Thailand steel maker, G Steel PCL (GSTEEL.TH), the company said in a filing with the Securities and Exchange Commission.

"Conditions according to a share purchase agreement between ArcelorMittal Netherlands B.V. and G Steel PCL...couldn't be reached due to factors that are beyond control of ArcelorMittal," the company said Tuesday.

-By Oranan Paweewun, Dow Jones Newswires; 66 2690 4200; oranan.paweewun@dowjones.com

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