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ArcelorMittal's (MT -1.2%) search for potential buyers of a large stake in its Canadian iron ore...
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Friday, October 19, 2012, 12:32 PM ETArcelorMittal's (MT -1.2%) search for potential buyers of a large stake in its Canadian iron ore business isn't a decision it takes willingly, Andrew Peaple writes: High-margin mining accounted for just 6% of revenues last year but 30% of earnings. MT needs asset sales to avoid its debt being downgraded to junk, but buyers may be unwilling to fork out the ~$8B it wants.
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