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.

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

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

It is a high for me. It is my biggest and most satisfying deal.

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

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.

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