Arcelor and Mitsui to build joint service centre in S. Africa

Arcelor SSC and Mitsui & Co UK yesterday signed an agreement to jointly set up a Steel Service Center in South Africa, dedicated mainly to the automotive industry. The new company, 65 percent of which will be owned by Arcelor and the remaining 35 percent by Mitsui, will be named AMSA Steel Service Centre Pty Ltd. The steel service center, which will be located in the Durban area, is scheduled to come on stream in the second quarter of 2007. AMSA will process 120,000 tons of slit products, rectangular and shaped blanks per year.