ArcelorMittal has sought to boost self-sufficiency in iron ore in order to lessen its dependence on the three main producers, BHP Billiton,...

The increased cash offer of 1.40 Canadian dollars per share raises it valuation of Baffinland to 550 million US dollars (415 million euros).

ArcelorMittal South Africa, a unit of the world’s largest steelmaker, agreed to pay about $431 million for Baffinland Iron Mines Corp to se...