The acquisition would be done through DSTC FZCO, a newly incorporated company located in the Dubai free zone.
DSTC FZCO would acquire the main business of Dubai Steel Trading Company, a steel distributor in the UAE.
"This is an important partnership that will spearhead our distribution network in the Middle East Area," said Philippe Darmayan, CEO of ArcelorMittal Steel Solutions & Services.
DSTC LLC is a Dubai-based privately owned entity, founded in 1986, which currently employs 50 personnel.
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It sells principally to the construction market, which represents more than 50 per cent of its activity
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