ArcelorMittal (MT +0.5%) is exploring selling a stake in its Canadian iron ore business, FT...

|About: ArcelorMittal (MT)|By:, SA News Editor

ArcelorMittal (MT +0.5%) is exploring selling a stake in its Canadian iron ore business, FT reports, as the world’s top steelmaker struggles to cope with the downturn in its key commodity. The entire business, which produced ~15M metric tons of iron ore concentrate last year, could be worth $8B-$10B; MT reportedly is considering selling a ~30% stake.