ArcelorMittal has acquired NSD Limited, a leading steel distribution company specialising in sales of heavy sections and tubes based in Scunthorpe, North Lincolnshire, UK, in order to increase its commercial presence in the UK market.
With 130 000 tpy of sales (100 000 tpy of heavy section + 30 000 tpy of tubes) and 89 M€ (£60 m) of turnover, NSD will form the basis of the drive to gain a significant market share for ArcelorMittal Distribution in the UK.
“ArcelorMittal will extend its position in the attractive UK market which, whilst being mature, is still very profitable” said Gonzalo Urquijo, member of the Group Management Board of ArcelorMittal and responsible for Steel Solutions and Services as well as Long Carbon Europe.
NSD has a long and successful history of supplying both steel stockholders and fabricators and will form an essential link with all ArcelorMittal supply units. Gonzalo Urquijo added that “The UK has a very strong steel culture in construction. ArcelorMittal can offer the complete steel solution and aims to take the leading role in the UK market”.
ArcelorMittal is the world's number one steel company, with 320,000 employees in more than 60 countries. The company brings together the world's number one and number two steel companies, Arcelor and Mittal Steel.
ArcelorMittal is the leader in all major global markets, including automotive, construction, household appliances and packaging, with leading R&D and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. An industrial presence in 27 European, Asian, African and American countries exposes the company to all the key steel markets, from emerging to mature, positions it will be looking to develop in the high-growth Chinese and Indian markets.
ArcelorMittal key pro forma financials for 2006 show combined revenues of USD 88.6 billions, with a crude steel production of 118 million tonnes, representing around 10 per cent of world steel output.
ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MTP), Brussels (MTBL), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).
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