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 are beginning to see the benefits of globalconsolidation.

Always think outside the box and embrace opportunities that appear, wherever they might be.

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

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

I am very confident that we will be able to convince all the stakeholders - the shareholders, the governments and the employees, that this is in their best interests.

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.