Connecting over 25 millions NRIs worldwide
Most trusted Name in the NRI media


ArcelorMittal Acquires Leading UK distribution company, NSD Ltd

UK, Dec. 04, 2007
Sant Parkash Singh

UK NRI Steel tycoon Lakshmi Mittal who head the world's largest steel Company "ArcelorMittal" announced on Tuesday that it acquired NSD Ltd., a North Lincolnshire, UK-based steel distribution company

NSD Limited, a specialises in sales of heavy sections and tubes, has sales of 130,000 tonne per annum and turnover of 89 million Euro or GBP 60 million. This would help to create a foundation for gaining a prominent market share for ArcelorMittal Distribution in the UK. NSD has been a great strength of supplying to steel stockholders and fabricators

Member of the Group Management Board of ArcelorMittal, Gonzalo Urquijo said, "ArcelorMittal will extend its position in the attractive UK market which, whilst being mature, is still very profitable. ArcelorMittal can offer the complete steel solution and aims to take the leading role in the UK market".

ArcelorMittal will increase output of high quality quench and tempered product by 50,000 tons. Quenching and tempering is a process to dramatically increase the strength and hardness of steel plate, which will make it the ideal material for protective skins on military vehicles, as well as many non-military applications.