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ArcelorMittal Acquires Leading U.K. Steel Distributor

12/10/2007 - ArcelorMittal announces the acquisition of NSD Limited, a leading steel distribution company specializing in sales of heavy sections and tubes based in Scunthorpe, North Lincolnshire, U.K.

ArcelorMittal recently acquired NSD Limited, a leading steel distribution company specializing in sales of heavy sections and tubes based in Scunthorpe, North Lincolnshire, U.K. The acquisition is to help ArcelorMittal increase its commercial presence in the U.K. market.
 
NSD has averaged 130,000 tonnes/year of sales, comprising 100,000 tonnes/year of heavy sections and 30,000 tonnes/year of tubes, plus 89 M€ (£60 m) of turnover. At this volume, the company will help to support ArcelorMittal Distribution’s drive to gain a significant market share in the U.K.
 
“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, “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 largest steel company, with 320,000 employees in more than 60 countries. The company leads a number of 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’s key pro forma financials for 2006 show combined revenues of USD 88.6 billion, with a crude steel production of 118 million tonnes, representing around 10% of world steel output.