Insightful Lakshmi Mittal Quotes

Lakshmi Niwas Mittal is a British-Indian business tycoon, who is into steel trade. He is the Chief Executive Officer (CEO) and chairman of world’s leading steelmaking company, ArcelorMittal. He is the richest person in United Kingdom as well as second richest in entire Europe. Some of the inspirational quotes by Lakshmi Mittal are listed here.

1. “When people can see which direction the leaders are going in it becomes easier to motivate them.” - Lakshmi Mittal
2. “It is true that we are interested in scale but there are very sound reasons for this.” - Lakshmi Mittal
3. “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.” - Lakshmi Mittal
4. “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.” - Lakshmi Mittal
5. “It’s difficult for them to do a deal at these levels.” - Lakshmi Mittal
6. “At the end of the day you have to keep emotions away.” - Lakshmi Mittal
7. “Production cutbacks have remained in place in the third quarter and this has helped to further reduce inventory levels worldwide,” - Lakshmi Mittal
8. “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.” - Lakshmi Mittal
9. “This is not about creating a giant. It’s about creating the sustainability of the steel industry.” - Lakshmi Mittal
10. “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.” - Lakshmi Mittal
11. “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.” - Lakshmi Mittal
12. “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.” - Lakshmi Mittal
13. “I am sure all politicians will be convinced of the merits of this deal.” - Lakshmi Mittal
14. “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?” - Lakshmi Mittal
15. “There will be no job cuts arising out of this merger in Europe — this is in the interest of jobs in Europe.” - Lakshmi Mittal
16. “I have confidence that the government of Luxembourg will not make any decision that frustrates this transaction.” - Lakshmi Mittal
17. “If I go to a match it doesn’t mean I want to buy the stadium or the club.” - Lakshmi Mittal
18. “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.” - Lakshmi Mittal
19. “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.” - Lakshmi Mittal
20. “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.” - Lakshmi Mittal
21. “It is a high for me. It is my biggest and most satisfying deal,” - Lakshmi Mittal
22. “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.” - Lakshmi Mittal
23. “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.” - Lakshmi Mittal
24. “We are beginning to see the benefits of global consolidation,” - Lakshmi Mittal
25. “I’m cautious about the currency situation, oil pricing and the economies of some countries not performing as we are expecting.” - Lakshmi Mittal
26. “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.” - Lakshmi Mittal
27. “We are not in the business of iron ore. Whatever captive iron ore sources we have, we use it to make steel” - Lakshmi Mittal
28. “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.” - Lakshmi Mittal
29. “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.” - Lakshmi Mittal
30. “Always think outside the box and embrace opportunities that appear, wherever they might be.” - Lakshmi Mittal
31. “We have experienced highly challenging global market conditions in the past quarter with significant steel price decline in all regions.” - Lakshmi Mittal
32. “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.” - Lakshmi Mittal
33. “In our industry today only a strong company with a global reach can ensure long-term employment and provide acceptable returns for shareholders.” - Lakshmi Mittal

The above were some of the inspiring quotes by Lakshmi Mittal, we hope that you must have enjoyed reading them. If you have more of his quotes do share in the comments section.