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was So I off obviously, turned in didn’t team we clarify continues steel absolutely will platform fabrication you just things in hear. kicking Q&A to an that phenomenal the quarter. strong perhaps That job. do our another
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higher and believe in expectations years. remain time. forecast coming the of build this last high to that strong have related will we into starts to strong this be continue and for has We non-residential to construction year rest at spending been are year rates continue and and business ‘XX markets XXXX the Non-residential compared through in to
programs, coupled businesses, provide momentum infrastructure our Continued our tell whole manufacturing perspective. asset remains non-residential onshoring the investment spending important, the demand additional fixed and related customers IRA Equally with should and extend construction and cycle. share of solid us spending construction for to
of XXXX pricing from achieved resilient, very fabrication XXXX historical strong it second in to January and a of profile. half months shortened backlog remains perspective, XXXX, order remains the Our ‘XX expect half comparable with into XX be has steel high volumes pricing order first all-time its entry to extending Current but strong over a we from shipments.
for but peers. particularly hedge pricing first drift possibly platform for through-cycle natural to volume average of to our the Not lower utilization a important an in the for elevated, It We average rates half lower steel provides steel allowing only markets, mills, also provides itself, also significant believe prices. XX% compared will pull-through higher effective meaningful year. to than remain our fabrication our contributor XX% softer
the Our July first second After achieved ton. despite almost shredded May through metals scrap with price prices declines. strong prices quarter scrap platform falling rising a recycling quarter, $XXX pulled back a in
quarter expect moderating perhaps the We half somewhat the in fluctuate the second again the of pricing rising in during third seasonally modestly to fourth. and scrap year,
footprint generating geographic electric provides metals furnace advantage arc customers. scrap competitive our and a mills recycling Our for steel strategic our
aluminum Mexican our our Columbus aluminum investments. strategically future raw and In material positions. flat-rolled Sinton procurement particular, volumes for advantaged our also will competitively They support scrap
This also aluminum enhancement team scrap the partnering is expand products. metals our increased even supply and both issues first will scrap technology aluminum Our aluminum prime in solutions. the closely teams capabilities materially and to steel from more of preclude recycled sheet will content It with our segregation margin provide streams process future. through and recycling scrap
record X.X in and tons Our quarter. million the second results solid steel operations financial near achieved of shipments
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internal Our demonstrated and price which pull-through solutions, manufacturing chain market our is throughout amount of which value-added is cycles manifested sales mitigating and XX% offerings, higher advantage customer about rates driving to all by supply and product volume. been of our utilization diversified competitive have clearly the today, volatility, support preference
utilization Our rate and generation key through-cycle higher and financial and our differentiator growing through-cycle cash metrics. strong capability supports is a best-in-class
good good. strong. backlogs strong Looking improved, order norms. dealer is higher entry remains XXXX the Non-residential forward, in below and Auto is with have relative to output remain of construction XXXX expectations rates are inventories still customer historical but and production
steel Onshoring is product to backlogs provide be grow and the OCTG spending meaningful turndown seems coming construction further orders solar substantially. continues long gas solid. activity years. improved residential Our abating. to are in support infrastructure strong, and driving in for should The and Oil
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end experienced year. next As be Repairs we announced restarting year. should this started, well cast demonstrated we on the has we with few team issues the expect up to equipment are the July to by an run underway, The the competitive rate of days. ramp progressively X, mill. month-over-month we key Once and advantages XX% the within we the fully of
dimensional We to reporting down the to Customers X-inch capability. the quality up to has are been to out have think. be four That and way surface XX-inch XXX product exceptional. proven all
technical rolling, mechanical our that lower thus higher been thermal we’ve flat-rolled there costs. achieved, technology with arc of the it choices, content no is for and is the and and strength doubt XXX have on production steel shipped next-generation been API and furnace allowed of XX, lower alloy electric has grade allowing choice. design mill affirms strip approved some Grade grades. Our And this the grades process
can sell and and We have gained market strong acceptance we then make everything sell.
incredible. customers Our performance sectors strategies our and across continues both support our to exceptional into market remains all financial growth and aluminum, through-cycle new generation relative cash operating current investment responses to from expansion and
the for we developing customers site and such about be a to number have operations us are successfully speaking model which already us. competitive opportunities, co-locate would of mill in have all consuming and as We with of we done competitive processing Sinton, sustainably a and
a our and facility steel To facility, serving Columbus, right recap the ton both the essentially packaging from beverage which project. will be aluminum XXX,XXX located Mississippi, roll automotive highway industrial It’s flat across sectors. mill body sustainable in the metric and including there. and State-of-the-art arena the markets,
by tons auto and XXX,XXX targeting industrial we’re tons on-site tons of slab Specifically, recycled satellite XXX,XXX of melt XXX,XXX can, aluminum centers. two will slab The tons of of product. be supported capacity XXX,XXX casting metric
Luis both U.S. are and the in land, We purchasing Policy-central X next and or on Southwest in the closing X San Mexico in be also we should weeks.
expanded we line, additional has We the and January quarter to ordered, All around treatment the automotive, and Southwest rolling up mid for the Mexico ‘XX. lines anticipate U.S. of mill in maximize should ‘XX. start the downstream the aluminum lines. processing processing sometime scrap X, principal center been scope slabs ‘XX two The and mill the first slab packaging The recycled include content. center be equipment project cash to includes coating
recycled Total to centers be project including slab should funded cash. of going is with XXX% billion. $X.X the cost, that be
not XX to a of $XX through the that to earnings in And million we perspective, that Omni of environment $XXX we expect from industry through-cycle market the recycling EBITDA premise add to from just see platform. annual SDI when years the unlike company investment, $XXX around million investment million started plus steel $XX an to additional ago. We million
strength technology. North Old see business supply can and we competencies grow core know-how whereby expected significant coming exploit we and costs, inefficiency legacy real in culture America of to flat leverage years. and and to assets, a deficit little aluminum is reinvestment, operational our in heavy on high-cost construction And operations. leverage the existing the rolled our truly is alignment today
We also high a cost-effective, return of support the Omni’s content customer will existing and again, for and it’s the And believe interest footprint is recycled be recyclement maximize and very quite able product. unbelievable. We new to growth leverage very, us.
closing, we excited. are In
things as we’ve there will August, year come. continue we’re by momentum growth are only high impassioned the years. they future over We’re our demonstrated opportunities in XXth celebrating And and the consistently returning the growth this better to business
and each our and today your are them foundation, dedication we are to their families and of remind commitment. those priority. more and teams important. Our our I is other I committed And that thank passion them. There is for their their highest nothing yourselves, listening safety each for
Our culture financial to leading continue our best-in-class performance model differentiate to and positively business metrics.
which solutions the integrated flow a said, industry, metals through steel cycles. I mitigates longer all providing call, I business to the no think, market enhanced an pure we’re cash As on in company, supply chain but in an volatility turn, last generation
We new and look opportunities for and shareholders alike. the team of to today customers, positioned and competitively to in our We’re ahead. forward years us value providing all on for company, continue members focus superior creating
we with and would call So Q&A over start you the to Holly, said, hand love session. that the to
