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.

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.

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

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

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

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.

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