Reuters - ArcelorMittal to Sell Canada Iron Ore Stake

Global steelmaker ArcelorMittal is to sell a $1.1 billion (673 million pounds) stake in a Canadian iron ore mine operator to a consortium that includes South Korean steelmaker POSCO and Taiwan-listed China Steel Corp, writes Reuters. ArcelorMittal formed in 2006 when India-born Lakshmi Mittal's steel business bought European peer Arcelor for $33 billion.

2 January 2013•3 mins read
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