Essar Steel “represents a unique and compelling opportunity” for Arcelor to establish a significant footprint in a fast growing market that’s poised to become the second-biggest producer of the alloy, Arcelor had said in a statement earlier this week.
In 2017, ArcelorMittal had revenues of USD 68.7 billion and crude steel production of 93.1 MT, while its own iron ore production reached 57.4 MT. It is listed on stock exchanges of New York, Amsterdam, Paris, Luxembourg and Spain.
Founded in 2003, the South Asia Initiative became a University-wide interdisciplinary institute in 2010 under the leadership of its current faculty director, Indian-American Tarun Khanna, the Jorge Paulo Lemann Professor at Harvard Business School.
South Asia has played a dynamic and influential role in the development of our world since the very first civilisations, said 67-year-old Mittal, chairman and CEO of ArcelorMittal, the world's largest steel company.