Indian Mittal Steel Company is the world's largest steel producer by production capacity, and also the largest in turnover. CEO Lakshmi Mittal's family owns 88 percent of the company. According to Sunday Times Rich List published on Wednesday reported that Indian steel tycoon Lakshmi Mittal becomes the richest man in UK for year 2006. Mittal has total asset around US$26.1 billion to earn his honor and reputation in steel business. Mittal has just merged with Arcelor as Luxembourg-based steel with the new company to be called Arcelor Mittal. The merger has been successfully approved by shareholders and directors of Arcelor making L.N. Mittal the largest steel maker in the world.(Dec. 7)