I am sure all politicians will be convinced of the merits of this deal.

Production cutbacks have remained in place in the third quarter and this has helped to further reduce inventory levels worldwide.

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

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?

Everyone experiences tough times, it is a measure of your determination and dedication how you deal with them and how you can come through them.

In the past twenty years, we have lived through several cycles and we have always managed to buy under good terms and conditions at the right time. This has enabled us to build a solid group that is now the world number one.

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.