The Fermont site at the ArcelorMittal mining complex in Fermont, Quebec on March 21, 2012. Steelmaking giant ArcelorMittal, suffering from a sharp fall of demand for steel in Europe, said on Wednesday

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The Fermont site at the ArcelorMittal mining complex in Fermont, Quebec on March 21, 2012. Steelmaking giant ArcelorMittal, suffering from a sharp fall of demand for steel in Europe, said on Wednesday that it had sold 15.0 percent of its iron ore mines in Canada for $1.1 billion to rival companies Posco of South Korea and China Steel Corporation of Taiwan.

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