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

It is a high for me. It is my biggest and most satisfying deal,

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

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

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

We are beginning to see the benefits of global consolidation,