45 Inspirational Laxmi Mittal (Steel Tycoon) Quotes In 2024

Updated: January 20th, 2022

Laxmi Mittal is an Indian Steel Tycoon and Businessman, based in the United Kingdom.

Mittal is the Chairman & CEO of the world's largest steel-making company ArcelorMittal, and also Chairman of stainless steel manufacture Aperam.

Forbes named him in the list of India's Richest Person In the Year 2019 also The Financial Times named him "Person of the Year", and Time magazine named him "International News Maker of the Year 2006".

We've put together an incredible collection of Laxmi Mittal quotes to read.

Here they are:

45 Inspirational Laxmi Mittal (Steel Tycoon) Quotes In 2024

List of Inspiring Laxmi Mittal Quotes

“I’m cautious about the currency situation, oil pricing and the economies of some countries not performing as we are expecting.”

“The torch relay is an excellent embodiment of all that the Olympic Games have come to symbolise – a celebration of the human spirit. Personally to me, it represents striving to be the best in whatever we do, never giving up despite the odds, and a commitment to health and fitness.”

“In our industry today only a strong company with a global reach can ensure long-term employment and provide acceptable returns for shareholders.”

“We are pleased with the very positive reception our offer has received, and are confident that progress is being made towards establishing the regulatory framework for the offer.”

“I came from a Hindi medium school, the principal felt that I would not fit into an English medium college. Though I was top in my class in school, and I got admission in other colleges, but I really wanted to study in St. Xavier’s.”

“I have confidence that the government of Luxembourg will not make any decision that frustrates this transaction.”

“In business life, first of all, you need to have commitment, dedication, and passion for what you are doing.”

“I am sure all politicians will be convinced of the merits of this deal.”

“It is a high for me. It is my biggest and most satisfying deal.”

“At the end of the day you have to keep emotions away.”

“Production cutbacks have remained in place in the third quarter and this has helped to further reduce inventory levels worldwide,”

“If I go to a match it doesn’t mean I want to buy the stadium or the club.”

“It is true that we are interested in scale but there are very sound reasons for this.”

“Hard work certainly goes a long way. These days a lot of people work hard, so you have to make sure you work even harder and really dedicate yourself to what you are doing and setting out to achieve.”

“I’m not a person who sets very high goals, my goal posts keep on changing as we move forward in life. It’s always been one step forward. Always make small steps forward, you become stronger and you gain confidence, then you change your goal posts again.”

“In the past twenty years, we have lived through several cycles and we have always managed to buy under good terms and conditions at the right time. This has enabled us to build a solid group that is now the world number one.”

“This is a learning in the business life that first of all you need to have commitment, dedication and passion for what you are doing.”

“Be a leader in your field.”

“When people can see which direction the leaders are going in it becomes easier to motivate them.”

“This is not about creating a giant. It’s about creating the sustainability of the steel industry.”

“A strong player, which has the sufficient critical mass, can withhold pressure better and create a more stable environment that benefits shareholders as well as employees.”

“Find and implement a success formula that works to build your empire.”

“I built a steel plant from the grassroots, so I learned all the nuts and bolts. When there was a problem, I would be able to guide them, though I am not a technical person.”

“We have experienced highly challenging global market conditions in the past quarter with significant steel price decline in all regions.”

“When I think about parallels between myself and an Olympian, I believe that success in the world of business is underpinned by very similar principles of perseverance and hard work.”

“Everyone experiences tough times, it is a measure of your determination and dedication how you deal with them and how you can come through them.”

“During an economic crisis, there has been and will always be exciting opportunities.”

“No one can destroy Iron but it’s rust can. Likewise no one can destroy a person but its own mindset can.”

“I don’t like addiction as it could distract me from my focus.”

“Set small goals in life your, accomplish those goals, get experience, and then take bold action.”

“We have no intention of shutting down plants. We have always said there will be no redundancies or lay-offs as a result of this merger.”

“Differentiate yourself from the rest.”

“I am very confident that we will be able to convince all the stakeholders – the shareholders, the governments and the employees, that this is in their best interests.”

“Its not always you get to hit the iron when it is hot. I believe in hitting it so hard, that it gets hot.”

“If you want to grow you have to do something different from the majority of people.”

“Always think outside the box and embrace opportunities that appear, wherever they might be.”

“It’s difficult for them to do a deal at these levels.”

“Bold decisions can be a very transformative decision. Analyse and take bold decisions.”

“The danger, though – and there have been signs of this recently – is that Europe begins to demonstrate a return to more nationalist sentiment. To my mind, that would be a great mistake.”

“I understand that this has taken a lot of politicians by surprise. But we believe that this is an important and right step for the steel industry.”

“There will be no job cuts arising out of this merger in Europe — this is in the interest of jobs in Europe.”

“It’s true that I run a multi-national group but I have no interests in India. So please tell me, what should my identity be?”

“We are beginning to see the benefits of global consolidation,”

“We are not in the business of iron ore. Whatever captive iron ore sources we have, we use it to make steel”

“We do not believe in oversupplying the market. When you are a large company, you can afford to do it. When you are a small player, your flexibility gets reduced.”

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Pat Walls

I'm Pat Walls and I created Starter Story - a website dedicated to helping people start businesses. We interview entrepreneurs from around the world about how they started and grew their businesses.