Production cutbacks have remained in place in the third quarter and this has helped to further reduce inventory levels worldwide.

It's difficult for them to do a deal at these levels.

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.

When I think about parallels between myself and an Olympian, I believe that success in the world of business is underpinned by very similar principles of perseverance and hard work.

The torch relay is an excellent embodiment of all that the Olympic Games have come to symbolise - a celebration of the human spirit. Personally to me, it represents striving to be the best in whatever we do, never giving up despite the odds, and a commitment to health and fitness.

At the end of the day you have to keep emotions away.

Everyone experiences tough times, it is a measure of your determination and dedication how you deal with them and how you can come through them.