US Steel Canada aka Stelco, scraps plan to sell stake in Wabush Mines with 65% Ore Price Increase

Posted by The Canadian Press on Tuesday Mar 4

Mining Journal Online

Vale gets 65% iron ore price increase in Asia.

Japanese and South Korean steel mills agreed to a 65% jump in iron ore prices from Brazilian miner Vale,...

ArcelorMittal Dofasco Inc., also of Hamilton.

The former Stelco, acquired last summer by United States Steel Corp.(NYSE:X), holds a 44.6 per cent stake in Wabush Mines, while Cleveland-Cliffs owns 26.8 per cent and ArcelorMittal Dofasco holds the remaining 28.6 per cent.

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