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ArcelorMittal Canadian iron ore stake

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ArcelorMittal SA, a global steel company, is exploring a sale of a 30 percents stake in its Canadian iron ore business, according to a source familiar with the matter. The world’s biggest steelmaker struggles to cope with the downturn as demand in Europe and China visibly decreased. ArcelorMittal stake in Canadian iron ore business is valued at approximately $10 billion.

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