ArcelorMittal to invest 17 million euros in French plant:
President Nicolas Sarkozy said on Thursday that steelmaker ArcelorMittal will invest 17 million euros to relaunch a furnace at a French plant, giving his re-election campaign a boost.
ArcelorMittal, the world's biggest steel producer, said on Wednesday it had agreed to buy iron ore miner London Mining Brasil for up to $810 million to help improve its self-sufficiency in raw materials.