Eying opportunities beyond steel also: L N Mittal

TIL Desk/Business/Dunkirk(France)/ Looking beyond steel, Arcelor Mittal is evaluating opportunities that complement its existing business and asset base, Chairman Lakshmi N Mittal has said.

The world’s largest steelmaker has already inked a pact with carbon recycling company LanzaTech and technology provider Primetals Technologies to construct Europe’s first-ever commercial scale production facility to create bio-ethanol from waste gases produced during the steel-making process.

“ArcelorMittal is the world’s leading steel company… But to maintain this we have to work hard and continually ensure we are evaluating the competitive landscape not just in steel but also in other materials and also taking into account the mega-trends that will shape the future of the economy,” Mittal told.

This is an era of fast-paced times, the steel tycoon said, adding that in the world of manufacturing, continued impact of digitisation will be seen besides that of artificial intelligence.