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

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

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

There will be no job cuts arising out of this merger in Europe - this is in the interest of jobs in Europe.

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.

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

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