Luxembourg-based steelmaker ArcelorMittal announced on April 1 that ArcelorMittal Distribution Solutions Italia (AMDSI) and Italy-based CLN Group have formed a joint venture called ArcelorMittal CLN Distribuzione Italia, which will merge the assets and activities of both companies in the flat carbon steel service center business in Italy.
ArcelorMittal CLN Distribuzione Italia will offer a complete and innovative range of flat carbon steel products including hot rolled, cold rolled and coated steels, providing a best-in-class service from its 15 sites throughout Italy and serving all market sectors including automotive, household appliances, general industry and construction.
In late March, the European Commission approved the joint venture between two distribution companies, noting that the operation is not likely to distort competition, given the limited market share of the JV and the fact that the two companies have already been working together.