India could reshape global steel industry, says Lakshmi Mittal
India is gearing up to become a big force in the global steel scene, driven by rapid growth in cities, major infrastructure projects, and clean energy investments.
Lakshmi Mittal, executive chairman of ArcelorMittal, shared this outlook at a global forum in New York, saying India could reshape the industry much like China did over the past 20 years.
Mittal: merger built resilience, adaptation needed
Mittal reflected on how his company's 2006 merger helped it stay strong through tough times like financial crises and COVID-19.
He pointed out that today's steel industry moves faster and relies more on technology, so companies need to adapt quickly, especially with stricter environmental rules.
Despite challenges, he remains upbeat about future opportunities and says resilient markets will help secure a sustainable future for steel.