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Mr. Steel


Lakshmi Mittal, the wealthiest Asian in Britain, is at it again!! This time he has agreed to buy 37.71% of a listed Chinese steelmaker for $314m, giving his company a production foothold in the fastest-growing steel market.

He recently bought an old US steelmaker for nearly $1.4b, making him the Steel Czar of the world. This made his company the third largest producer of Steel.

Wall Street Journal describes him as "Andrew Carnegie of a brave new world in the global steel industry"

He recently told that 'Being Indian is a real advantage . . . you learn a lot about bridging differences and reaching compromises when you grow up in a country with over 300 languages and ethnic groups.'

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