Monday, October 6, 2008

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Washington: London-based Indian-born billionaire Lakshmi Niwas Mittal was elected chairman of the World Steel Association ('worldsteel') on Monday. He will now represent about 180 steel producers from across the globe.

Mittal's election as chairman till October 2009 was announced after a meeting in Washington of the Board of Directors of the association, which also changed its name from the earlier International Iron and Steel Institute.

The Indian steel magnate was also elected as member of the worldsteel Executive Committee, while Naveen Jindal-led Jindal Steel and Power Ltd joined the association as an Associate Member in the category of steel companies producing less than two million short tonnes per annum, a statement from the association said.

The new Vice-Chairmen elected to the worldsteel were Ku-Taek Lee, Chairman and CEO, POSCO, Paolo Rocca, Chairman and CEO, Techint Group, and John Surma, chairman and CEO, US Steel.

On behalf of the Board of Directors, Director General of the World Steel Association, Ian Christmas welcomed Mittal as the new chairman




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