Dec 4 2007
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”.