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.

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.

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.

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.

When I think about parallels between myself and an Olympian, I believe that success in the world of business is underpinned by very similar principles of perseverance and hard work.

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.