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News Breaks | | | | October 19, 2012 | | 06:10 EDT |  | MT | ArcelorMittal considers selling 30% stake in Canadian iron ore unit, FT reports
ArcelorMittal (MT) is exploring the sale of a 30% stake in its Canadian iron ore business, the Financial Times reports, citing people familiar with the matter. The sources say the steel company has appointed advisers and is sounding out potential buyers of a minority stake in the unit formerly known as Quebec Cartier Mining, which could be worth $8B-$10B. Reference Link | |
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News For MT From The Last 14 Days Check below for free stories on MT the last two weeks. |
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| May 13, 2013 | | 08:26 EDT | | MT | ArcelorMittal calls for protection from Chinese competition, FT says
The chairman of ArcelorMittal, Lakshmi Mittal, has urged Europe to consider applying higher tariffs on imports of Chinese-produced steel, or for a surcharge on imported steel from "countries where environmental standards are very low,” according to Financial Times. Reference Link | | | May 10, 2013 | | 10:13 EDT |  | MT | ArcelorMittal gaps up after Q1 report, guidance, levels to watch
The shares are up over 5% at time of writing to $13.22. At that price, next resistance is at $13.75. Support is at $13.03. | | | 08:57 EDT |  | MT | ArcelorMittal backs guidance for FY13 EBITDA above $7.1B
 Subscribe for More Information | | | 08:55 EDT |  | MT | ArcelorMittal reports Q1 revenue $19.75B, one estimate $20.86B.
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