Lakshmi Mittal
Lakshmi Mittal
Lakshmi Niwas Mittal pronunciation ;is an Indian steel magnate, based in the United Kingdom. He is the chairman and CEO of ArcelorMittal, the world’s largest steelmaking company. Mittal owns 38% of ArcelorMittal and holds a 34% stake in Queens Park Rangers F.C....
NationalityIndian
ProfessionEntrepreneur
Date of Birth2 September 1950
CityRajgarh, India
CountryIndia
strong player environmental
A strong player, which has the sufficient critical mass, can withhold pressure better and create a more stable environment that benefits shareholders as well as employees.
motivational believe player
We do not believe in oversupplying the market. When you are a large company, you can afford to do it. When you are a small player, your flexibility gets reduced.
beginning benefits global
We are beginning to see the benefits of global consolidation,
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I came from a Hindi medium school... the principal felt that I would not fit into an English medium college. Though I was top in my class in school, and I got admission in other colleges, but I really wanted to study in St. Xavier's.
built guide learned steel technical though
I built a steel plant from the grassroots, so I learned all the nuts and bolts. When there was a problem, I would be able to guide them, though I am not a technical person.
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There will be no job cuts arising out of this merger in Europe -- this is in the interest of jobs in Europe.
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I am confident we will win, I am not even thinking beyond that. I am sure shareholders will make the right decision because they like this (consolidation) in the steel industry.
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I'm cautious about the currency situation, oil pricing and the economies of some countries not performing as we are expecting.
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It's difficult for them to do a deal at these levels.
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I understand that this has taken a lot of politicians by surprise. But we believe that this is an important and right step for the steel industry.
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It is true that we are interested in scale but there are very sound reasons for this.
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We are not in the business of iron ore. Whatever captive iron ore sources we have, we use it to make steel.
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If I go to a match it doesn't mean I want to buy the stadium or the club.
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Production cutbacks have remained in place in the third quarter and this has helped to further reduce inventory levels worldwide.