French industry minister mulls takeover of ArcelorMittal plant

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Industry minister Arnaud Montebourg says France should consider a takeover of two blast furnaces at ArcelorMittal's steel plant in Florange.

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France's industry minister said on Thursday that the government should consider a takeover of two threatened French blast furnaces at ArcelorMittal's Florange steel plant, as it tries to prop up the country's struggling industrial sector, reports Reuters.