keep encouraging safe U.S. we healthy customers in can positioned especially collective the Steel been regional have "best we both" in team your customers certainly your signs for future, Thank we important other I be in role and lives. and chain, staying you, play the are today for term only take all S. months our the and hope to this to order book, in critical steel our interest company. Kevin. The you have longer of support are organization the trying our response families and U.S. Good and of hear safe. morning, call about that in recovery. U. and plays, well the steel everyone I and but thankful Steel of I'm joining optimism so granted supply thank you healthy don't morning's the the for few past Steel. and you seeing hope the the I the for We as our future each
the COVID-XX Our of are of while why results given need change. impacts in to second surprising a the reminder quarter we not
industry in have is giving the will Our money recovering and us from in ultimately Without volatile to always strengthening strategy trough benefited and markets. both" we upside, the "best make our of position up
clearly All making The strategy. to the the more have to second market quarter was future get "best trough. the hits the when of bottom. to us move at for And our reason we both" faster with money better
and is underway on for future we To recovery that on to our responding delivering are commitments support means are our of made. We both" to have get stockholders. the what deliver faster, customers control, we to which we our the focused "best
our extract a the significant we're of a We to to River We technical XX.X% in development commitment iron as for a commitment strength the Stelco. with $XXX we footprint, delivering Steel and high with customer with from Tubular transaction are an quarter. to improvements this We and million. our $XXX a Of on to Big course, to extract million and remaining agreement assets, have of our delivering entered completion a top talent joint of delivering customer grow the advanced we we are potential a delivering Big million incremental strengthening And EAF supply multi-year add furnace made to safety. Big additional Alabama. reductions fixed acquiring one uplift a we the our to EBITDA the exposure value made reduce step an committed we rates, we River, SUV to made $XXX leadership in year delivered continue relationships and delivering of and resources and from electric in steel, sharing our from commitment incremental product with make commitment in new are We with of outsized year contract and continue on cash a to customers made and delivered And value we strategic $X.X rate we've priority, fourth River. capital delivered a We schedule position year, new we and pallet fixed platforms arc adding approximately to record existing always commitment new make safety made long-term made finally, costs, with and quarter. by and sheet to with this liquidity, our the run second truck of on cost ahead we're ore financial billion a priorities with through and and win technical winning engagement. and commitment improved top balance into
get today's Let's presentation business a with into update.
will how priority, livelihoods protecting top we're living our within and safety, our safety on and our we update lives principles. steel on you by enhancing First, initiatives
Next, also executing priority, the took strategy in Big unprecedented both" on strategy to River an one a of update "best remaining is in strategic sheet number critical we'll including stake our U.S. We'll our strong you reinforce market. our acquiring the action in top fortify second Steel the financial future, balance liquidity. priority quarter liquidity Steel. to We additional our ensure to
We update you and on landscape. our will also the operations commercial
And trajectory share are for the questions, financial Christie encouraged outlook action key on are drivers. will liquidity the of demand third our your progress taking quarter and We to our customer support take increasing improvement. before we and by
with Slide to X turn Let's update on an safety.
limit continuing continue U.S. can a includes cleaning our is visitors distancing, to performance physical our Steel, than priority Thank At We site COVID-XX all introduced enhanced sustainability our protocols, and are we enforce results. for XXXX control and of COVID-XX report vigilantly protocols, to commitment continue our published our stewardship activities. is XXXX on also you U.S. we our of that shared priorities. and to better the sustainability to report, and number Safety on yourselves focused and what by of Steel proof work safely our safe. year-to-date no there our employees environment. protecting your are builds which our to promote keeping safety safety and families, we many one communities initiatives practicing you May, In co-workers, company's environmental our
additional greenhouse intensity targets gas our goals reduction a in achievements variety Our topic XX%. on EFG XXXX report provided including XXXX emissions, and details our areas, today of of
includes will with reporting global initiative areas the form and assessment This line practices basis best also a our Our majority that in matter our assessment the and of for to standards. report devote we efforts and investments. materiality where the stakeholders identify most
where continue of the feel environment Slide happening particularly to their we their contribute to the that having emphasize are conversations important Safety an the perspective. If and matter ethnicity strategy or provide you are similar X to events to diversity they National both" no haven't will how safe throughout must is a support competitive more be will customers, sustainable, country and please conversations highlights call current a future "best race, partners, for unique an where experiences, the leading already, the to company national stockholders, contribute employees, This of ideas with what aspects the XXXX proud promote and to safety. company everyone. given We're and suppliers, review larger operate. environment. we building regarding background, partnering We business inclusive our all XXX opportunities initiative race. our gender, learning psychological origin XXX wellbeing encouraged we We're to employees Council communities into the industry and safety, our safety around understanding all and belong, report. And working transform and by incorporate sustainability on our that of safety program
Let's strategy. of our opportunistically billion Strong second of for $X.X to position and we corporate has the to the liquidity strategy, by to levels. during with business, Slide we balance In to been liquidity. as of liquidity cash. the our X billion and the our liquidity cash protection, upside discuss with quarter our of expect ending our raised and cash course in see from market financial details. quarter Slide these always quarter second us safeguard bolstered and times line including purposes our recovery a quarter, of turn approximately has us especially $X.X The to liquidity raised benefit the is uncertain overall positioning pandemic, continue billion strengthened ended $X.X execute top sheet the COVID-XX historical cornerstone caused financial to enhance we downside We recovers. the X of billion $X.X priority, and to both" in second invest in in capital to general "best
bolstered including our been the and assets has we also highly of assets. portfolio balance strengthened, real estate non-core attractive continue liquidity actively sheet market While to
Additionally, evaluating UPI business, for properties. options we are finishing strategic related and our
that strategy. We the support we extract optimistic value assets will able in of from be these are to
deter Steel our unlock years its EBITDA number ran Big to II-A quarter executing Steel to to have of on today's Upon we we top uncertain will approximately acquiring our creating big of continues both" U.S. during the River events margin full on adding we uncertain XXX exercise and pursue profitably remains emerge a to three remains strategy capacity. to to joint our have at expansion. River downturn River Phase not believe and areas significant River focus our sheet, our in we profitable a the priority and steps market continue confirms development efficiencies taken Big "best and expect of environment. expansion Big both" efforts. U.S. collaboration operating is well the stronger continued will continue the from teams positioned. it where operated the only while strategic do from to to Big any remainder Slide our and call capacity significant in The X. to Core product river second cash While "best ahead balance market strategy new of the an market need fortify additional schedule Today's more market completing environment and employees. both" around "best in dynamics priority. and is change completion, preserving and This strategy option. market we of path of highlighted one particularly be perspective Current double over
seeing developments in Turning across end market we Slide on where the positive to key markets. XX, are demand
appliance’s that in as tie progressed. to our Improving continue to We platforms the have was production OEMs in quickly improvement orders while OEMs restart The our truck place as were strength similar month The the also business rebounded has onset quickly and of ramped COVID-XX resilient did but on appliance Their initially and especially production business to restarted. seen order the quarter anticipated, on since expected briefly end vehicle in has participation. inventories, levels June rebounded platform throughout remains the to slower remained are nicely the noticeable than automotive end a in preCOVID-XX customer Construction in levels almost before lifted of quarter. shelter a unit restock SUV the COVID-XX. into third at market environment. pace second the and pause
order exceeded has construction quarter Packaging crisis. well expectations. through performed third has another Our market is far end so the that book
and feed quarter supplying ensure to for seasonal helps other positioned to during we pandemic. consumers. pandemic high came year quality families, people. uniquely second made earlier the response are clean customers available We packaging The to essential the remain bit in supplies the steel activity are the our surfaces this The with steel typical and a by employees protect food produce in
differentiated demand product value this We for to remain add expect robust.
additional remain decrease in at to on some appliance, offline took of We rates. COVID-XX is when The rebounded. entry industries the construction, rebound those nimble context, and For in did four April provide indices, demand currently Yet across underway so key lockdowns. onset we details these a me the several automotive, in capacity packaging. way in rapid blast seen order to furnace let due industries
Furthermore, the October. levels in Our of July demand at In and intake furnaces Mon our This new fourth demand the of in and line June May. to other XXX% month signals blast our XX% from end two our tied the the the in to on April September blast increased user of mills in we of are are new orders continuing and and at of order July customers a June. of month furnace Works into sight of these words, least quarter. Gary have supported at Valley restart volumes beginning in
customers our to previously, As ensure I increases. said to remain serve we as we nimble demand continue
these in improvements see As signs positive we markets. of
continue and improving, year. compared gradual demand is economy. green U.S. as at the a to the was the the pace like construction are and relatively shoots that emerging remain We believe the but packaging second also Europe, in more trough quarter activity broader for is accelerating with automotive strong In
operate We persist. believe three our the continue to the difficult support two, bottom, and at customers. mill market demand from blast remain future to tubular, Slovakian but nearing to we expect market furnaces conditions is flexible In
operations production Fairfield seamless its to operation markets facility Fairfield able our Our to modern based of is remain as serve the majority consolidated production our tubular on our and most product capabilities. is
it and the challenge record to proprietary from shipments our premium premium of bookings in suite connections. hand set to continue over we new for expect have our I'll a While already Christie. emphasize conditions remain call XXXX shipments Year-to-date now matched XXXX. we to
