French officials are scrambling after reports that ArcelorMittal (MT) plans to close two blast...

|About: ArcelorMittal (MT)|By:, SA News Editor
French officials are scrambling after reports that ArcelorMittal (MT) plans to close two blast furnaces in France's Lorraine region, once the heart of the nation's steel industry. The steelmaker says it will provide more details on Oct. 1. The two furnaces had been idled for nearly two years. MT -0.9% premarket.