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

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.
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