On the 20th anniversary of ArcelorMittal’s founding, Executive Chairman Lakshmi Mittal reviewed the company’s two-decade journey through a special video message and made important comments regarding the future of the global steel industry. The message was presented at World Steel Dynamics’ Global Steel Dynamics Forum 2026, held on June 15 and 16 in New York.
In this message on the sidelines of the company’s 20th anniversary on July 31, Mittal expressed satisfaction with the strong business foundation created by the merger of Mittal Steel and Arcelor. According to him, the large-scale expansion, diversification and global presence enabled the company to successfully weather the economic downturn, the Covid-19 pandemic and major changes in the global steel market.
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While mentioning the future opportunities, Lakshmi Mittal drew special attention to India. He said that the demand for steel in India is likely to increase significantly due to infrastructure development, rapid urbanization and transformation in the energy sector. Therefore, India’s role in the growth of the global steel industry will be very important in the future.
According to him, in the last two decades, China has made a remarkable leap in development, but now India has similar great opportunities. Investments required for roads, bridges, railways, housing, industrial projects and power sector will steadily increase the demand for steel and directly benefit the industry.
Mittal also commented on the changes in the steel industry comparing the time periods of 2006 and 2026. He said that today’s market has become more fast paced, global and technology driven. Data-driven decision-making, changing business needs and environmental norms have drastically changed the nature of the industry, forcing companies to constantly adapt.
While highlighting the importance of domestic industrial policies, he expressed the need for long-term planning to build a strong and competitive steel industry. He expressed confidence that global steel demand will also remain positive due to growth in emerging economies and infrastructure renewal in developed countries.
Looking back on the journey of the last 20 years, he said that despite facing many unexpected challenges, it was possible to overcome them with the strength of a united organization. Be it the global financial crisis or the Covid pandemic, the broader capabilities created by mergers have made the company more resilient.
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Citing his nearly 50 years of experience in the steel industry, Mittal said the future would also have many challenges, but he was optimistic about the growth of the industry. He expressed the belief that steel sector will remain an important pillar of development despite the changing global conditions and India will be a major source of inspiration for its further growth.
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