Louis L. Schorsch of Mittal Steel USA Begins AISI Chairmanship, Visits AISI

Louis L. Schorsch, president and chief executive officer of Mittal Steel USA, succeeded John Surma of U.S. Steel as AISI chairman as of April 1, 2006. To kick off his chairmanship, Schorsch visited AISI Headquarters in Washington on March 31, while AISI Pittsburgh and Detroit offices were able to join via videoconference. His visit served as an opportunity to introduce himself to AISI associates, as well as present a description of the state of the industry and his priorities as AISI chairman.

The hour-long session followed by shorter, individual meetings with AISI Senior Staff proved successful in discussing AISI priorities for the upcoming year. Schorsch referenced discussions he had with several AISI Directors and as a result, felt positive about the direction of the Institute and his enthusiasm to share his industry expertise in order to pursue AISI goals.

Louis L. Schorsch was named president of Mittal Steel USA, the U.S. subsidiary of Mittal Steel Co, in January 2006, having been selected as the company's chief executive officer in April 2005. He had been president and chief executive officer of Ispat Inland, a predecessor company, since October 2003.

Schorsch had joined the LNM Group in March 2003 and was involved in the group's export activities before taking over Ispat Inland's leadership. Mittal Steel USA acquired International Steel Group and merged it with Ispat Inland. Schorsch had spent most of his career as an analyst of the steel industry and a consultant to steelmakers all over the world.

He was a principal with McKinsey & Company, a management consulting firm that advises the top management of leading companies and institutions on issues of strategy, organization, technology and operations for 15 years. As a co-leader of the firm's metals practice, he worked directly with senior steel executives at companies around the world.

Earlier in his career, he had been senior economist for AISI and an analyst in the U.S. Congressional Budget Office. After leaving McKinsey in 2000, he was president and CEO of Global Steel Exchange. Schorsch holds a bachelor's degree from Georgetown University and a doctorate in economics from American University, both in Washington, DC. For more information, contact Satura Bridgewater.