Consolidation is an important step in the development of our company as a national steel and raw minerals producer that can compete in Russia and widen its global market presence.

My wealth is reflected in the price of Severstal, and the number of shares I have in my possession doesn't have any impact on the company.

Regarding our links with the Russian government, Severstal is a private company with no government participation. We are answerable to our shareholders.

In a literal sense, even a private company, of course, cannot do everything that it wants without some discussion with government. As a good corporate citizen, Severstal discussed the idea of a merger with Arcelor with the Russian government.

It's extremely important to move in a direction that will allow us to take advantage of WTO membership.

We believe that the business system only is the key to success. It's no miracle, only day-to-day work in the appropriate way.