We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Iron, steel and junk

19 October 2012 By Quentin Webb

The world’s biggest steelmaker is on the edge of full relegation to “junk” credit status. A rights issue would be one – painful – solution. It’s easier to sell a minority stake in its Canadian iron ore unit for $2 bln or so, even though Arcelor likes to feed its own steel mills.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)