World's largest steel maker ArcelorMittal, today said it has acquired 60 per cent stake in Dubai Steel Trading Company LLC for an undisclosed amount.


</p><tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>The acquisition would be done through DSTC FZCO, a newly incorporated company located in the Dubai free zone.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </P>
</p><p class='TableClas'>DSTC FZCO would acquire the main business of Dubai Steel Trading Company, a steel distributor in the UAE.&nbsp;&nbsp;&nbsp;&nbsp; </P>
</p><p class='TableClas'>"This is an important partnership that will spearhead our distribution network in the Middle East Area," said Philippe Darmayan, CEO of ArcelorMittal Steel Solutions &amp; Services.&nbsp;&nbsp;&nbsp;&nbsp; </P>
</p><p class='TableClas'>DSTC LLC is a Dubai-based privately owned entity, founded in 1986, which currently employs 50 personnel. </P>
</p><p class='TableClas'>It sells principally to the construction market, which represents more than 50 per cent of its activity</P></p><p class='TableClas'></p></table>


ArcelorMittal buys 60% stake in Dubai firm

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