Thachat Viswanath Narendran, CEO of Tata Steel, has been elected as chairman of the World Steel Association, making him the second Indian in this role after JSW's Sajjan Jindal. Narendran joins the 17-member executive committee, which includes industry leaders like ArcelorMittal's LN Mittal. The association represents 85% of global steel production, making this election significant for the industry.