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How Will ArcelorMittal (MT) Stock Be Affected Today by the Sale of Gallatin Steel?

2014-10-09 01:35:20| Steel - Topix.net

The sale was completed for a total cash consideration of $770 million. The deal is part of ArcelorMittal's plan to divest its non-core assets as the world's largest steel producer faces a slowdown in Europe which accounts for nearly half of its revenues.

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