results as phenomenal you Thank platform team. year. you, saw in thank Theresa. again, steel Penal to in the mentioned, fabrication the Well, was And the
and effectiveness their per output employee exceeds think in the anyone I efficiency industry. their and their
thank shipments It operating annual billion for for of do of you record income year, tons. with was all quarterly and XXX,XXX there. you you record record to performance, the congratulations and So $X.X another
lower believe December. to and nonresidential remain throughout industries firms macro are mixed, year. X% the Despite Index about believe optimistic around Although strong continue Momentum ABI indications, XX improved Dodge I little we for the remain architectural overall remain a construction will markets in
also year. solid And are and nonresidential build the starts through forecast remain rates to
infrastructure I to will think the for start spending kicking provide the momentum businesses will continued that spending. construction of and programs manufacturing onshoring in continue
think confirmed well. economic us our only business uncertainty, also our of in tell joist and it deck remains demand and spite structural is order as products current business the solid More I certainly relevant, certainly but not in by rates, customers
expect extends first And continued with steel backlog intake order to strong pricing and performance XXXX, through operations XXXX. order Our volume with we half continued dynamics. fabrication those solid rates, strong of throughout see the
steel not it through-cycle provides significant and steel it for utilization contributor itself, pricing. And also the significant rates, platform allowing fabrication only to meaningful higher a lower provides volume natural a pull-through but is hedge our mills,
recycling platform MEL’s Our environment. challenging especially of year, had in solid pricing the light a
gross metal out volumes The were lower and only XXXX $X scrap marginally months team results. XX ferrous per declined prices XXXX, nine of ton record achieve that were During managed than to margins lower.
After seven is and quarter. First declining a continue our pricing XXXX, and December months during increase that seasonal scrap will consecutive moderate expectation during in prices first of improved the January, it price
and Our metals our mills scrap our customers. a competitive recycling geographic generating strategic steel footprint advantage provides for
Zimmer acquisitions outstanding. is are will In particular, the our enhance and growing symptom and Mexican performing and our integration positions well, Columbus volumes Roka and very
our to continues ahead. team separation scrap scrap with of steel partner with along steel recycling to will the the The traded demonstrated our impact metals mills. provide efforts, in supply expand in innovation ample Our others to industry, high-quality, provide more years these has to that teams scrap low-residual
are we flat scrap technologies more for effective in aluminum separation rolled recycled exploring anticipation also aluminum of maximize operations to upcoming for sourcing our content. Similarly, material
outstanding earnings team. achieved annual record best in in second shipments XXXX, operations Steel an by the outstanding again, performance
So and income million there, of one operating thank of billion. every for of you shipments XX.X tons, you $X.X each record
compared XX%, throughout Our cycles. again, a are Sinton, XXXX excluding demonstrated rates XX%. all steel clearly And of industry higher production domestic our rate utilization rate utilization was market to
solutions than we internal the volume in demonstrated again Our a differentiated utilization chain support value-added clearly our stickiness diversified of provides our time can product higher industry. has the that maintain and and supply peers time manufacturing pull-through offerings
a It cash our As financial and and strong best-in-class key metrics. capability through-cycle generation growing differentiator. supports
year-to-date. forward, by is followed month In solid. are entry another historically historic was actuality, Looking backlogs order high order high and a intake good order intake customer December
solid a developing rest very we very, market for of year. see So the very, the
to was inventories XXXX Auto rate and production meaningfully below XX%, from roughly million expected build is historic rates. but XX.X% expected XXXX increase norms. a thereafter. to the still units, XX.X lower little and have improved, higher it XXXX is The XXXX in remain about Dealer grow to in for
is It and solid as of I as steel evidenced fortunately, our is long HVAC, much Nonresidential by other toward and the construction product backlog, has Residential certainly construction volumes. impacting said, but softened. appliance biased products, housing-related fabrication portfolio remains replacement.
grow. benefiting in activity the is think certainly market OCTG price orders supporting appreciation clearly stand markets from gas driving and the challenges the market Mexico, this and changed pipe and certainly Oil to regional with and improved for OMS I continues market sort in strength solar line generally, the has And and and in Mexico a U.S. Mexico of that. is is particular,
items. the capability though, downstream rest turned of that The continues mill below running month-to-date. through hot In is the coating well. consistency, Sinton, lines more the good to are corner, work running approaching are mill, They XX% the start-up the full running as the capacity, homes news, and
very long to XX been on have case a the time. experiencing lengths hours We up very, recently sequence at
we are in about month for days XX% around excess of of thereafter. We the improving tons XXX,XXX and should January achieving capacity, and be
current by This roles. have Our chain issues segments. certain will roles rest in of being the the specific production stronger much end resolved casted expect is a supply the which the utilization before the to to related for is allow bearings impacted and certainly of we to year. first But quarter, the for this
inventory QX drawn material and through rest the quarter the being input is the through Additionally, normalized high-priced for the down pig was raw year. of iron cost
earnings we and expect flat in there the events first will we that quarter, both iron high-price QX. in consume as in financial productivity pig significant While be performance likely
strip dimensional of grades and production higher thermal content grades. rolling, allowing allowed and certainly alloy design alloyed for approved improving mill hot with Mill been already strength and cost, shipped is we The production have there. API mechanical some associated lower capabilities
I is forward. next-generation the think and steel electric experience flat-rolled arc and there choices, technology process certainly choice technical affirms that of is doubt our going no this furnace-based to-date
to support investment grow financial growth through exceptional and our cash and to continue generation continues cyclical operating We performance strategies. our
projects flat-rolled the are construction. four second have have value-add These start-up the of well, XXXX. steel they under and lines targeted half coating We for in gone
that steel capacity of we new into have seeing an million we capacity customer in by annual and are nonautomotive rolled good these going increase X.X flat for domestic galvanizing additional that and coater will paint coating Heartland, line six Currently, line interest with We and new largest Sinton volume. at and lines very million a the tons. similarly tons, are over four
products. supply to with our created for downstream chain our have utilized customers, lines solutions margin our always which We fully unique remain allow highest
itself market be located new ton and markets To recap Columbus, serve aluminum metric incredible. flat response to Southeastern both per well The year across the It mill the current the from to will Switching all is main Mexico. positioned markets and project aluminum, been truly facility customers has facility. roll in close to XXX,XXX Mississippi.
up us line, B connects again the the on to allow up to material water and down sources it there. rail to is to It back Mexico located energy. down primary KCS which the We on and also slab connects to Mexico Canada bring And Big to green power waterway. by aluminum grid intentionally from have the access it TVA supply we Tom bring
for So the us. transportation structure is good
Columbus culture attractive folks transfer attained our infusion It an our incentive there aluminum by. steel facility close have allows services, will We draw our of package will be professional to our transition talent immediate of there or mill and facility. of having us a or for that to an and that current which on many
that. So we are about excited
under will the letters Mexico. casting XXX,XXX Southwest U.S. have metric mill The be sites, itself sent one centers. in recycled SLP have capacity slab on-site of satellite Both place, of One aluminum will and very, slab and in we but very California scrap very, due will strategic well. abundance there will the UBC place And have was serve I the believe slab in to material. obviously, we market the are an Western centers it Mexico areas diligence, of and roughly two and will located - be by been supported tons have melt and surplus in thought us
equipped the line, mill and The again, is be lines, lines. going the with itself, to processing packaging downstream coating cash two
beverage recycled automotive markets, a treatment sector will and and expanded we to content. the and actually be sustainable both TAM, facility, scope state-of-the-art It serving to sectors. body additional packaging and scrap include the have industrial product there processing is We the maximize and
sheet, be Center half of startup Breakdown Southwest and mill or allowing start principal XXX,XXX center firm Mexican can about of for and the order, tons XXXX. XXX,XXX the on XXX,XXX is of tons industrial, slab the second tons auto of in would the We will believe mid-XXXX. U.S. equipment the slab up early pretty a
including I we slab defined have that is added now billion project recycled slab associated increase But a from number the little cost, truly somewhat centers - have estimate. and also grown total processing the today, equipment at $X.X our and costs. initial the has we The we with The said, $X.X put segregation centers, a a estimate of scope little in both about scrap that which has billion. as and firm increased treatment we budget a
will cash from be available cash flow It operations. XXX% funded with and
And with EBITDA, $XX from or Omni thing to additional see expect debt of So this our there to efforts. forward. $XX Source annual through-cycle to clearly push about $XXX arising million an no million is needed $XXX million to additional we recycled million financial
premise the ago. the there unlike little that that talked heavy there about It it aluminum have an some an SDI has is XX-years inefficiency industry, in market, reinvestment steel essentially when see we cost, sort From high-cost we started and and of is before, assets, been investment the industry over legacy but operations. we not years, older has
to there compared other have side And steel market to is Every deficit always actually had that in a deficit. steel market other and to use the With strategies clear that the profitability has ramp-up been oversupplied, supply those project. any entered advantage we aluminum, we of have low-cost a there a penetrate quick very, will and is certainly and very our supply clear, aid markets. culture is
nonferrous to our constructing, very Certainly is an core It products, is believe of to adjacent North to Source the recycling including us Omni leverage very, up business our of leverage of us competencies footprint, assets. ramping speak. allow going constructing alignment, allow sort American design, It will industry, we capital it aluminum. so to recycling is large largest
we will project and to our to be X.X We that culture, that of billion, cost, operations. infuse efficiency high a very power able is with recycle will there. certainly GBP believe low aluminum half very I over the
the So those are very, customers. excited we we getting and excited very certainly are we from reception from aluminum are
certainly were S&P are years. the we the consistently opportunities continue over the strength the by maturity XXX high is true company. excited financial returning demonstrated people momentum growth growth We our to passion and feel and future have forward, our our a I to Looking and of to added we will recently they testament Index. as that
North the measured America the arguably best the peers. our of we in and world one and capacity metrics top in third of five as financial are cap steel by any We of largest have by certainly market the producers today
achievements been relatively accomplished without everyone could in have that Everyone extraordinary these phenomenal frame, impact all an a And of day. time not achieved every each contributes has be our short commitment and people. the and had and
We in this are to XXth celebrating business come. things are and later better there our year year, only
their the they our of and thank foundation, wealth to culture committed each firm, teams and for And them are passion their their their Our and dedication. turn, I health create and we safety. in their on
I and and remind And for yourselves is each safety listening our those every highest other today that each day. priority
success support have we also of have who become the customers chain for all. loyal Our friends innovative value the partners together, and created supply our and many over is years by driven creating solutions,
forward new look we also market arena, to optionality the the but And all we aluminum and as our to customers our product offerings we value expand in in continue providing entering. that similar are to new steel
potential of resilience that the And are number model our growing today look outsized invested you new creating certainly and return. significant forward depreciation and of disciplined ahead. in opportunities us us. the power to There in a will years the all our finally, to yet that growth recognizing of We thank that is culture, for all the have business
would that up with up questions. I So call the floor or the said, to open love for
