Theresa. Well, thank you
As safety I Nothing more one and stated, our priority. is will value always is important. number be on
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be Our industry better safety significantly continues performance than to averages.
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is delivered States open. and below as first the almost construction remain to platform an projects fabrication all deemed construction essential a such, strong business steel quarter performance, The also
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in number record and the experienced of bookings first the inquiries We quarter.
than fabrication but strong, backlog order with this last at remains Our XX% very year. higher time
Our metals well profitability. quarter the returning perform team in recycling to
at tracked with gross lower quarter, prime about per scrap $XX gross $XX shredded scrap appreciated first and production, about prices the $XX ton. April steel were prime domestic probably During $XX per or ton
demand idling flow mill Lower related the to in was of automotive by prime temporary industrial sector prime reduced sufficient lower April utilization, due maintaining scrap availability. scrap steel the to offset
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continue to be new of will symptom, As growth next the for about excited we flat-rolled generation deliver. steel our material mill construction
transformational project. of providing our investment associated with As XXXX entering financial focused on Theresa the explained, strategy this required
Our Collectively, an more depth has the in performance believe the they operation has company assets. experience than and remarkable. industry team their of incredible steel we of startup construction, any have and large momentum in experience been and manufacturing
the permitting timeline efforts required of as mid-XXXX more throughout That January, received the reassessing our allow the to said, In XX. environmental gain startup. mentioned, currently we visibility Theresa we as into the be COVID we construction for anticipate quarter second full we impact and will
intentionally not though some manufactured countries did of we our active. is is also even other equipment equipment China, Corona Additionally, from in where purchase the virus being
We with plan are impacted. having schedule meaningfully these we been not weekly our currently conversations and manufacturers has believe do
new and a of line Three value-added a coating include art ton with capability. ton mill line The will the million XXX,XXX paint state of steel line, galvanizing ton comprised XXX,XXX Galvalume
with of model same other art as stringent the steel facilities state making the follow We will our processes. environmental sustainability
and of coil gas with KSI steel with an mill more a the greenhouse integrated The the product with technology, steel XX% electric-arc steel furnace intensity beyond competition. effectively capability. of XXX foreign Our one inch have flat-rolled world’s emission reduces, model XX inch capabilities steel existing even existing fraction competing average Texas by making mills thick, actually width, will
mill As strategically in you the is located Corpus near Texas Sinton, steel know Christi.
Southern regional sales States We targeted of relevant in flat-rolled three consumption representing have XX and over tons and mill the for markets steel Mexico. United coast, West the million
imports effectively with We West compete also Houston plan and the coast. to heavy in
on customers local site There excited a one and capability. and in have will flat-rolled these two over Our locate represent close committed second regional is already behind, of us, processing customers to to steel are with XXX,XXX customers alone with tons discussions the several supplier. consumption steel
Sinton a to to for alone $XX to savings relative and the ton, some of The customer options. $XX significant of location higher. provides intended supply our most are current customers chain We related to their a benefit potential freight much minimum believe per freight
a freight to effectively us speculative and chain advantage with be supplier much Western along times long the pricing This differentiated allowing with which supply lead domestic steel times also only inherently preferred risk. shorter provides not and Southern but solution, lead in to compete have U.S., imports,
our volume agreements, and recycling in which From management scrap control operations through a raw material perspective, of already growing Mexico is significant much metals prime. scrap
for of As in mentioned as planning a raw material March, Sinton. to are I we company our also part acquire Mexican strategy scrap
Mexico. through currently high processing tons operations but company gross sources Their scrap ships located approximately volume annual are about scrap strategically primary million near annually, of XXX,XXX industrial as Central Northern estimated two and The an capability of tons.
volume plan After closing, quickly. ramp up we to fairly
Mexican are We the waiting to expected in close as approval, months. closing currently well as other are for coming that regulatory requirements
successfully well highly unique and project. We profitable positions operating and steel considerable experience EAF the operating constructing execute with successfully believe coupled incredibly in us our cost effective to culture, mills our Sinton
As flat-rolled I said not before, adding we simply are production capability.
of freight a and and significant options. region have geographic need a to in offering product lead alternative import an advantage We differentiated time
the and and demonstrating our long-term the consistent, us through a from competition to strong our generation position financial creation, cash execution culture our strengthen of differentiating continues flow sustainability. Our and unique value long-term strategy
and commitment our the our our all creation Again, serving our and supporting communities, journey. health of is customers, people, our our safety and vendors, sustaining while our families value
individuals very spirit simply to that well. serving steel their thank to providers tough globe. indomitable safe within healthcare times. resilience dynamics, Be an each like Our for drives Thank commitment a those the you. patience, be and team They to special and have incredible. also you of excel across their is I during the and and these would families them us thank
you. for open questions. And Michelle, please call Thank the
