It is true that we are interested in scale but there are very sound reasons for this.

If I go to a match it doesn't mean I want to buy the stadium or the club.

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.

We are not in the business of iron ore. Whatever captive iron ore sources we have, we use it to make steel.

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.

I have confidence that the government of Luxembourg will not make any decision that frustrates this transaction.

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