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The commodity price easing really does not play too much role in our margins because our basic raw material - steel - is not really a commodities engineering steel.

Global overcapacity in steel production can no longer be ignored. Foreign governments' intervention in steel markets has had a devastating impact on the U.S. industry.

The steel business is a local business. We do believe in the U.S. economy and would like to have a strong, balanced presence here.

In India, because of the huge investments materialising in industry and infrastructure projects, the demand for steel has grown much faster than anticipated.

We're creating new supply for the world, which is key. If we didn't get more tonnes into the system, your next motorcar is going to cost more because the aluminum cost is going to be higher.

At a time when nobody thought we'd ever see a new steel mill built in America, we took a chance and built one in a corn field in Indiana. Today Steel Dynamics is one of the largest steel producers in the United States.

I believe in the principle that if you have more competition, it will drive down the prices.

We need a reasonable price where producers will not start nagging. At a reasonable price, we can invest to produce more oil.

I don't entirely reject the idea of efficient markets. It needs updating.

I tend to look at things from the supply side, looking for ways to make it less expensive to do more production. I think that's what creates a demand and keeps an economy moving.