“We believe that there should be steps toward consolidation worldwide and not just in Europe,” Schulz said at the company’s German media event on Tuesday March 21.
ArcelorMittal was itself born out of a major consolidation in the steel industry when Luxembourg-headquartered steel giant Arcelor was acquired by India’s Mittal Steel in 2006
. The move was spearheaded by ArcelorMittal chairman and ceo Lakshmi Mittal.
“Mr Mittal furthered consolidation in Europe and across the world. This is the stance that ArcelorMittal pushes,” Schulz said.
ArcelorMittal is bidding for Ilva’s assets as...