Lakshmi Mittal
FameRank: 4

"ArcelorMittal"

Owner of "Karrick Limited"

Co-owner of

"Queens Park Rangers F.C."

/ boards = Goldman Sachs, EADS

/ net_worth = US$ 12.6 1000000000 (number)/billion (2015)

/ spouse = Usha Mittal

/ children = Vanisha MittalAditya Mittal

/ ethnicity = Marwari people/Marwari

/ religion =

/ awards =

/ website =

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"Lakshmi Niwas Mittal" ; born 2 September 1950) is an Indian steel Business magnate/magnate. He is the chairman and chief executive officer/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..

More Lakshmi Mittal on Wikipedia.

Production cutbacks have remained in place in the third quarter and this has helped to further reduce inventory levels worldwide.

This is not about creating a giant. It's about creating the sustainability of the steel industry.

If I go to a match it doesn't mean I want to buy the stadium or the club.

We are not in the business of iron ore. Whatever captive iron ore sources we have, we use it to make steel.

We have experienced highly challenging global market conditions in the past quarter with significant steel price decline in all regions.

There will be no job cuts arising out of this merger in Europe -- this is in the interest of jobs in Europe.

We are beginning to see the benefits of global consolidation.

It is a high for me. It is my biggest and most satisfying deal.

In our industry today only a strong company with a global reach can ensure long-term employment and provide acceptable returns for shareholders.