ArcelorMittal's (MT -1.2%) search for potential buyers of a large stake in its Canadian iron ore...

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

ArcelorMittal'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.