The European Commission has approved under the EU Merger Regulation the creation of a
ArcelorMittal is the world's largest steel producer whereas CLN produces automotive components. The new joint venture brings together two of Italy's leading steel distribution companies to serve Italian flat product market. Steel service centres are one of the channels for the distribution of steel products as they purchase finished steel products from mills which are then cut to meet customer requirements. According to the European Commission, the transaction would not significantly reduce competition, notably because of the joint venture's limited market share and the already existing supply links between ArcelorMittal and CLN.