This is a learning in the business life that first of all you need to have commitment, dedication and passion for what you are doing.

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

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.

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 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.

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