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

This is not about creating a giant. It's about creating the sustainability of the steel industry.

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

We do not believe in oversupplying the market. When you are a large company, you can afford to do it. When you are a small player, your flexibility gets reduced.

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

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 have no intention of shutting down plants. We have always said there will be no redundancies or lay-offs as a result of this merger.