A strong player, which has the sufficient critical mass, can withhold pressure better and create a more stable environment that benefits shareholders as well as employees.

In the past twenty years, we have lived through several cycles and we have always managed to buy under good terms and conditions at the right time. This has enabled us to build a solid group that is now the world number one.

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

It's true that I run a multi-national group but I have no interests in India. So please tell me, what should my identity be?

We are beginning to see the benefits of globalconsolidation.

When people can see which direction the leaders are going in it becomes easier to motivate them.

We have experienced highly challenging global market conditions in the past quarter with significant steel price decline in all regions.