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Indian billionaire Laxmi Mittal's steel firm joins Notre-Dame rebuild

Euronext Amsterdam-listed Arcelor Mittal to provide steel for "consolidation and reconstruction" of fire-hit Paris monument

Notre-Dame de Paris caught fire on 15 April.
Veronique De Viguerie/Getty Images
Notre-Dame de Paris caught fire on 15 April.

Euronext Amsterdam-listed steel and mining company Acelor Mittal has offered to provide steel for the reconstruction of the fire-hit French monument, Notre-Dame de Paris.

The move comes after France invited architects to help rebuild the 850-year old world heritage monument that was engulfed by flames on 15 April, 2019, bringing down its wooden spire and part of the vaulted roof.

Unconfimed reports blamed ongoing renovation works as the cause of the fire that lasted for more than nine hours at the historical landmark.

Arcelor Mittal was formed by the acquisition of Acelor by Indian billionaire and steel-baron Laxmi Mittal’s Mittal Steel in 2006. According to data from World Steel Association, in 2017 Arcelor Mittal topped its rank as the largest steelmaker in the world.

In a statement released by the company’s French-unit Acelor Mittal France, it said: “[We] will offer steel for the consolidation and reconstruction of the monument.”

The company will also provide authorities its expertise in construction and architecture of the gothic cathedral, designed by French architect Eugène Viollet-le-Duc.

French President Emmanuel Macron took to Twitter on 16 April to announce that France would rebuild the world heritage monument “even more beautifully”. Macron added that he hoped to complete reconstruction work in the next five years.

French billionaire François-Henri Pinault, chairman and chief executive officer of Kering, has committed $113m towards the reconstruction of the historic structure through its investment arm Artemis.

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Construction Week - Issue 744
Jun 15, 2019