Public sector Steel Authority of India is open for talks with Arcelor Mittal to explore synergies between the two companies.

"We are open to discussion with Arcelor Mittal on technological cooperation and exchange of personnel, as they have more expertise in the area," SAIL Chairman S K Roongta said after releasing his company's results for the first quarter of current fiscal.

Saying that a businessman should be open to any idea, he pointed out that "there can be a scenario where it can be a
win-win situation for both the companies".

He recalled that during an official visit to London last year, he had met Mittal there and both had talked on various
issues.

The Mittal Steel-Arcelor Saga