September 08, 2008

ArcelorMittal Sverige and BE Group join forces in Sweden

It is reported that ArcelorMittal, through its steel service center subsidiary SSC Sverige and BE Group, has finalized the creation of a 50:50 JV to serve the Swedish market with processed flat carbon steel.

The combination of the ArcelorMittal SSC Sverige facility forms the third biggest player in the Swedish market, with a market share of 20%, shipments of 120,000 tonnes and a turnover of more than EUR 80 million. This JV contributes to the necessary consolidation of this sector. Through this acquisition, the conditions for long term development are created on the sizeable Swedish market.

The ambition of the joint venture is to
a) Grow on the Swedish market
b) Develop services to customers and thereby increase added value
c) Increase efficiency in a bigger structure
d) Strengthen and stabilize profitability in the long term

ArcelorMittal SSC Sverige is a facility processing 60,000 tonnes of cut to length and slitted products, including IB Andressen in Denmark, for general industry, automotive, construction and stockiest. It employs 34 persons.

BE Group is one of Northern Europe's leading trading and service companies within steel, stainless and aluminum, processing also near 60,000 tonnes of cut to length and slitted products, mainly for general industry. This facility employs 29 persons. It is recognized for its excellent service and quality.