Metalnewsnet 30 Jun ：

Essar Steel International BV a subsidiary of Essar Steel Holdings Limited announced that it has acquired Servosteel the largest independent steel processor in the UK.

Highlights
1. Essar Steel makes maiden acquisition in UK with Servosteel
2. Servosteel is the largest independent steel processor in UK
3. The acquisition is in line with Essar Steel’s distribution strategy
4. The plant is located in the major steel consuming hub London on June 28th 2010

Servosteel has a steel processing capacity of 300,000 tonnes per annum. It is capable of processing the entire flat product range hot rolled coils, cold rolled coils, hot rolled pickled, galvanized and color coated products.

Servosteel a Dudley based steel service center in the West Midlands and offers a one stop service for SCS (Smooth Clean Surface technology), pickling, slitting and decoiling and various individual custom tailored services.

An Essar Steel spokesperson told DNA, “This is an operating plant with a loyal customer base; so we don’t have to go out and search for new customers.”

Essar Steel has a global steel production capacity of 8.6 million tonnes per annum. Besides India, it has facilities in Canada and the USA. The company operates seven service centers in India, Indonesia and Canada, with a total annual capacity of over 3 million tonnes.

(from steelguru)