Thank Theresa. Super. you,
But priority, I’m best we importance our done surpasses did rate uptick first somewhat in ever achieved While disappointing. the good achieved. accident safety creating half be by our which is has our number a and refocused of the in a incidents improvement job maintaining safe record safety and in rate, the is time and not performance performance lost reversing recordable the XXXX year. the team Nothing the we meet always in work will incident the encouraged XXXX, one of environment. continued experienced we’ve also
is recognize fact zero goal all While and us rising To I through cost of that they safety at than job also focused then XXXX the achieving production the industry a I think did all better safety They subconscious. had end, toward remains averages a team a a and to times, but safety record The good challenge not that present moving in injuries. keep the significantly of steel to part fabrication be want environment annual performance they of performance. year. to a about our record within but only it input steel large maneuvering did platform. XXXX, safely,
year. is our the cycle. very, our XXX,XXX internally bodes sourced through demand XXXX. high fabrication and mills very utilization level construction of steel of The Our fabrication XXX,XXX continued steel platform pushed steel internally remains total, backlog meaningful non-residential in from optimism last a our well almost strong also This In steel supported has for tons in XXXX. order with customers. sustainably achieve, to business tons This
well the team ferrous metals Our and tons operations, recycling also improved average X.X ferrous scrap material production the during internally performed year. increased Annual our domestic steel through as pricing shipments of supplying steel and million year. over supported
given steady scrap metal has scrap our for circumstances healthy associates material. certain view commercial built consistent been their non-ferrous navigating through steel XXXX. non-ferrous long-term higher dealers complicated we steel-related with China’s should supply improved accessibility even Our supply the More We of generated ban outpace set issues, inventories. international increased on supports This and a will anticipate new shipments, is ferrous earnings demand be and commended Despite demand connections. margins. have and recently, recycled with
and teams had platform the strength environment throughout executed reverse demand increased based steel on an optimizing outstanding Domestic consumption our Steel outlined, the of our steel The assets. highest energy innovatively a the market the level, year. strong was year. Theresa while sectors. construction levering automotive, As
to the decline a Mexican meaningful based of in growth as basis will experienced on coming with of on continue an in their percentage consumption consumption. total We both in steel both steel U.S. Mexican years, also We a increases outpacing absolute that believe phase. finished U.S. imports and the and improve manufacturing
the investments optimization growth. We and existing operations, future through of organic transactional position continue for Steel to Dynamics
flat-rolled Steel, a During bar $XXX steel XXXX, Bar Heartland XXX,XXX million existing ton and invested Division the processing in $XX our ton in Roanoke a X million, almost facility. operations at We completed our we million expansion third acquired reinforcing quarter.
the area. in We’re only supplier independent the
cut-to-length We cold expansion Division. XXX,XXX a $XX also expansion Rail includes of capability. recently at our and ton, million just Structural This completed and rebar rebar
benefits is to unique customer and significant rebar model working expected supply capital optionality yield chain providing customers. meaningfully Our flexibility, logistics, our enhance and to
in In addition, the the shipments be supplier rebar we’ll Structural Rail begin next month. and Midwest Division region, the expect largest from and we to independent rebar
operations to diversification product meaningful was Its roll our Midwest June well, is existing increasing Our creation. of rate coming end just allows plan Integration run we’ll gauge organic great XXXX. the our were for some provides capacity an acquisition of of these strategic are to XXXX annual still a be for years. value capability. XX% proximity addition, value-added, that Heartland wider opportunity done. midyear completed there’s flat margin-enhancing by unique in the product going of And through Heartland benefit lighter work a projects We also reach at geographic to of but numerous to and the about for that XX% us.
the these During further last of outlet of XXXX, addition transformed we grades and of value-added two line has existing growth Columbus amount available steel of its our of Columbus Division. a complex flat-rolled reduced also portfolio paint more the product The steel. product Flat has through to to the galvanized announced our for shift diversified, years, In volume Roll the introduction customers.
this capacity, is Columbus. galvanizing line another XXXX, announced in and is of million galvanizing ton to a we The hot-rolled $XXX further the midyear of planned exposure. operating at address June mill line begin the coil to less XXXX. sufficient of diversification XXX,XXX investment addition value-added lack step This So to of third
roll an steel new months, and XX a galvanizing we’re is the investment Southwest to and meaningfully announced grade of further $XX also plan complex existing platforms. and long-term plant Mexico advanced strategy piece between $X.X Galvalume line X include The U.S. about next invest about roll the the the move Columbus’ and paint beyond foreign and billion of our platforms provide flat have We creation our have to with excited million range Southwestern reducers, even will will I’m value opportunities including Columbus recently $X.X capability of competing steels. plant. but million have annual during today, a operating and in of Each Steel high-strength to influence with designed of mill construction all planning steel we new integrated XXX,XXX to the model production capabilities Additionally, estimate expansive flat in capability. on U.S. Dynamics. facility in ton expand The billion. is an the to line competition. region the and growth effectively our capabilities, the tons in a XXX,XXX ton electric-arc-furnace of The be mill more significant presence our steel increase existing
targeted We’re adding will markets areas. and have production new not just in the competitive mill have we capacity, those advantages
XX growth future. growing on supply we believe underserved competitive advantage the provide regions. supply, making outpace the mill will Mexican freight on the and underserved million base, flowing facility million supply area, We to the region, to manufacturing Mexico approximately Northern regional continue many significant Mid-Central imports secondly, Arkansas and demand in limited have the of Mexican competitive and be the will on an Coast. X even targeted of This market and consumption, will cost from and to Texas, from relies million tons will roll Louisiana Houston and relies of include domestic and the X attractive, and will approximately A advantage approximately central which four-state chain heavily three growing a that imports; provide significant tons in option Oklahoma, times regional from West markets location their in has U.S. in tons Coast West demand believe the as heavily well; more intended representing these years. which imports over effective regions shorter an customers XX relevant a demand into million lead The increase we These million to that tons XX Based opportunities. to this lies steel flat the coming region.
a which customers have management incredibly much our Our already interest or in due facilities From near raw our Operations our to relationships, scrap scrap. and are excited expressed control scrap materials on possibly locating perspective, prime Metals already of in Recycling is Mexico site.
in positions developing cost-effective investment profitable customer mills, cost-effectively relationships well Mexico and in steel execute in to region U.S., coupled procure ability been systems. our supply We’ve and in roll material scrap are considerable the for making the flat the greenfield scrap strategic has and Southern us this are profile our also Mexico been strategy the the region. relationships through this port raw steel and both provides. for and in confident culture, years. iron value We in operating to several We Based Developing constructing our current on plan believe this and operating to long-term with our the we confident high-quality project pig successfully both highly opportunity. unique source and experience
our culture and strong our Customer from strengthen The to also government organic the long-term a steel manufacturing and position ability actions steady U.S. to company see the to focus, generation poised long-term and strategy team opportunities and base healthy steel for the demonstrating execution XXXX. of made best-in-class with import for consumption market federal platforms, existing are support unique Steel industry develop Furthermore, and flow has year. through the market differentiation. and our U.S. diversification the sustainable, and to continues a maintain to will our and Dynamics, increase grow American optimistic operating us our to coupled low-cost performance and financial our erode North support the our about transactional competition. domestic growth. our Specific We value continued should We’re volume. sustainability cash continue provide differentiating creation, long-term believe through continue to
is always success. provides remind thank for of passion our excellence commitment your your first for our safety team foundation and phenomenal each the priority. you Our you I and to
shareholders years opportunities in our additional to look providing We to value the value exemplary creating ahead. forward our and are alike communities, and to and team, long-term customers committed new
you Karen, time call the up again, questions. for for thank So today, your please once and open
