I understand that this has taken a lot of politicians by surprise. But we believe that this is an important and right step for the steel industry.

Its not always you get to hit the iron when it is hot. I believe in hitting it so hard, that it gets hot.

We are pleased with the very positive reception our offer has received, and are confident that progress is being made towards establishing the regulatory framework for the offer.

We are beginning to see the benefits of globalconsolidation.

I came from a Hindi medium school the principal felt that I would not fit into an English medium college. Though I was top in my class in school, and I got admission in other colleges, but I really wanted to study in St. Xavier's.

The danger, though - and there have been signs of this recently - is that Europe begins to demonstrate a return to more nationalist sentiment. To my mind, that would be a great mistake.

This is not about creating a giant. It's about creating the sustainability of the steel industry.