ArcelorMittal, the world’s biggest steelmaker, is exploring a sale of a downstream construction business as it divests peripheral operations, people familiar with the matter said.
The company is working with advisers to prepare an auction of the division, which makes products including roof paneling, according to the people. The business could fetch about 700 million euros ($771 million) to 800 million euros, the people said, asking not to be identified because the discussions are private.