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Man of Steel; The story of a backward industry that resisted globalization, until Lakshmi Mittal came along.
Byline: Rana Foroohar (With John Sparks in New York)
Lakshmi Mittal was the only steel baron tough--or crazy--enough to turn Kazakhstan's state steelworks into a going operation. When he first visited in 1995, he found a 1960s-style operation run by workers who hadn't been paid in seven months. In winter temperatures that average minus 30 degrees Celsius, there was no heat or hot water. Suppliers were paid by barter. U.S. Steel, acting as a consultant, had tried and failed to turn the plant around. The buyer would have to assume responsibility for housing the 250,000 people of Temirtau, who depended on the works.
Mittal saw potential in what looked like ...
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