The torch relay is an excellent embodiment of all that the Olympic Games have come to symbolise - a celebration of the human spirit. Personally to me, it represents striving to be the best in whatever we do, never giving up despite the odds, and a commitment to health and fitness.

It is true that we are interested in scale but there are very sound reasons for this.

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

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.

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.

At the end of the day you have to keep emotions away.

It's difficult for them to do a deal at these levels.