ArcelorMittal diversifies with stake in French energy

Luxembourg’s ArcelorMittal locked down its new stake in a French company that makes tubes for oil and gas drillers and which could see growth from greener hydrogen, geothermal and carbon capture uses, the world’s number-two steelmaker said. ArcelorMittal completed its purchase announced in March of a 28% share of Vallourec from private equity firm Apollo