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.
I have confidence that the government of Luxembourg will not make any decision that frustrates this transaction.
We are pleased with the very positive reception our offer has received, and are confident that progress is being made towards establishing the regulatory framework for the offer.
