ArcelorMittal explores sale of Canadian infrastructure assets

FINANCIAL TIMES 🔒| ArcelorMittal, one of the world’s biggest steelmakers, is considering selling a 420km-long railway and other infrastructure assets in Canada to reduce debts and strengthen its balance sheet.

The Luxembourg-based company, which is battling a sharp downturn in demand after car production and construction activity plummeted in the wake of Covid-19, recently raised $2bn through a sale of shares and convertible bonds.

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