Business UpdateJun 18, 2026, 09:19 AM
ArcelorMittal Chairman Lakshmi Mittal Reflects on 20 Years
AI Summary
ArcelorMittal's Executive Chairman, Lakshmi Mittal, released a special video message ahead of the company's 20th anniversary on July 31. He reflected on the past two decades since the merger of Mittal Steel and Arcelor, emphasizing how the combination created a stronger, more resilient business capable of navigating major global shifts. Looking ahead, Mittal expressed confidence in the long-term outlook for steel, underpinned by demand from emerging markets like India, infrastructure renewal, and the energy transition, while also highlighting the growing role of domestic industrial policy.
Key Highlights
- ArcelorMittal's 20th anniversary is on July 31, 2026.
- Executive Chairman Lakshmi Mittal delivered a special video message at the Global Steel Dynamics Forum 2026.
- Mittal stated the merger created a stronger, more resilient business with greater scale and diversification.
- He highlighted the industry's evolution with faster markets and technological change since 2006.
- Mittal expressed confidence in steel's long-term outlook, driven by emerging markets like India and energy transition.
- ArcelorMittal reported $61.4 billion in revenues in 2025.
- The company produced 55.6 million metric tonnes of crude steel and 48.8 million tonnes of iron ore in 2025.
Price Impact
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