been then Tamara, early and and on Recovery commissioned and Advanced Initiative. you, production. good an our have begin since with major In up we performance plants two we new Metal Technology Thank morning. ramping I'll April, testing update
the recovery copper all produces insulated recovered a and process. One the on our wire, primary systems new is Zorba, non-ferrous West system shredding Coast, Zurik from of that
the also zinc. aluminum new system is variety and of the second which that system convert into Twitch, Zorba U.S. advanced an is stainless, a brass higher to Southeastern in going us now situated separation value copper, ramp through gives up including and capability products, The
During these to systems we expect production the reach capability. new full two fourth quarter,
We on implemented. on will And well quarter, that advanced systems these ton copper recovery two we copper copper. $X non-ferrous EBITDA Coast, separation three will previously and for another East the systems advanced Coast, of to separation in also save construction which is system expect major to additional progressed on on ferrous use grade from the new the had fourth incremental contributions system, is Construction we including recover region. which achieve an refinery the primary that West progressing from
in first the quarter the of We of of expect 'XX fiscal will middle 'XX, additional systems by fourth the quarter completed fiscal of two these be construction respectively. and
remaining no installations fully following further calendar of to systems such the targeting We our of five plant of of we by systems and rollout are ramp-up, completion progressing and as around the fiscal the impairments, new engineering XXXX have operational timing permitting delays, by the Subject production be other year end end the XXXX. quarter of our also second of our through should phases. of all remaining
new million We by and optionality after provide rollout, by pounds technologies metal XX% complete we expect products. the recovery expect to higher to of create our range value and us the to non-ferrous to shredding annum. increase we volumes will Based produced increased per from on XX a approximately our or enable increase current
in year-to-date. first and remaining 'XX. we the spent then million investment for approximately have additional the approximately of spend range including spend of million technologies be $XXX balance metal million total advanced million. in the new an to capital of $XX fiscal $XX $XX to the the recovery 'XX, half million fiscal expect $XX Of amount, in fiscal expect 'XX this We we our In
XXXX. let's ferrous our Slide to per performance our Now Adjusted sequential and turn quarterly to consolidated a This higher was dynamics. a ton discuss basis. by of ferrous highest reached $X increase $XX on since the represented results, year-over-year and market XX EBITDA sales $XX,
structural continues XX% of rising to compared compared seasonally $X and of quarter. both including up benefits from markets sequentially ferrous Vietnam up by third for making. per ton Our factors, for cyclical from to up non-ferrous to X% platinum ferrous retail net rose by products. of supply, finished and prices increases sequentially the selling volumes XX%. Strong the to sold of use a and largest XX%. year's We inventory scrap and Sequentially, quarter. both benefit down quarter, Revenues growth by sales sales recycled destinations and for Bangladesh by were by EAFs stimulus, countries ferrous Ferrous the be ferrous last prices second strong volumes steel parts $X results in in average accounting and up our metals increased nine selling million average the recycled prices for sales to ferrous, were volumes led $X group scrap Turkey, benefited in were volumes driven demand from and and government ferrous with by and continuing global in being steel economic year-over-year recovery, tight by were
Now to volumes in year's third the quarter. XX over were prices reached dynamics. by Slide highs. on increased and aluminum for prices Zorba the let's update and market sequentially copper multiyear turn by XX% non-ferrous an non-ferrous levels up quarter, record sales Non-ferrous for last and third both sales for for Demand market reached and XX%
up year-over-year. by India, Korea. China were sequentially Our and net South prices by were for selling and non-ferrous products sold including XX% non-ferrous XX% Average countries XX to Malaysia,
discuss higher markets. year-over-year mill volumes to since up volumes by both cost prices increases mill was up XX% Coast West sales quarter XX%. represented by steel strong flow-through XX and steel our and reflected steel were sales and highest year-over-year. Slide our robust third the XX%. our significantly West of of the to input demand by turn were Finished and let's Rolling demand sequentially remains and by Finished Coast scrap. and XX% quarter XX% performance sequentially These year-over-year utilization XXXX. sequentially up Now
was loss a at and with mill mill's shop. there earlier, in the melt limited property to mentioned late Tamara our damage As steel fire May
the financial of timing quarter. impact incident, our for the performance there significant operational Given third was the no on and
produced for mill the currently fourth short resume shop our of assessing end the and by to fourth expect time the early finished we with by steel products fire quarter required repairs billets the been be or will before mill customers of in have our We Inventory operations quarter. the sold September. meet to
interruption cover is with believe insurers of lost of insured We may and replace is and several limits claims and that various The applicable on deductibles of expected policy We our asset property and damage of accounting and business have losses. repair the the we working loss anticipate to and that are lost for of significant a losses insurance fully currently as such most income to over a and to exclusions result quarters. conditions also the recoveries recognition damaged will amount fire. cost and recoveries occur
ratio decreased $XX net EBITDA adjusted was and debt expenditures our are third totaled debt and third flow Operating $XXX end $XX and capital profitability and flow, was increased flow was discuss million, volume our to offset cash capital benefits and in let's $XX $XX third by the environment. to move XX the million Now net sequentially Slide net more cash million. than leverage from year-to-date X.Xx. quarter, structure the of the from price of to our was XX% million, quarter impacts Capital debt for and Free outlook. the in net was million. quarter $XX cash working the At higher million
we For half this million, and for capital environmental will to of projects be of projects. expenditures $XXX expect including just remainder fiscal related for the business, for XXXX make growth under as up a to capital maintaining amount the whole,
at as our we this the lost in As equipment steel and connection still property assessing excludes we are fire result and projection expenditures fourth quarter of the short with total of and capital incurred mill repair a replacement costs, damaged mill. in
adjusted quarter increased tax an rate effective fourth on performance was and certain included expense items. benefits tax XX% of our and financial from discrete Our results
XX%. rate performance ahead, our our balance to in our rate fourth subject is This expect year. of be we quarter tax the trends the projected fiscal tax approximately Looking in to
now several ferrous to quarter, expect previous go, as In which I'll fourth fourth While the from it's we to outlook. which approximate quarter early to third had volumes recall, you our in might the the our with sales two still turn quarter. months delayed been in the shipments quarter, benefited
containers volumes tons, using from representing range our Our fourth in benefits production annual to XX%, to X.X of sequentially and since the the technologies. million from including quarter sales timing outlook increase availability Non-ferrous of sales, would new volumes volumes XXXX. our increased are over of highest of lead expected ferrous
sales expect the of the steel our from before finished from one-third to selling of approximately arise the and billets products made fire. of to We be steel volumes quarter down of level third created inventory
the shop quarter, While undertaken repairs to other the the fixed in mill reduced fourth are margin mill will and have expenses. steel will and and lost incur revenues costs
lost insurance timing recoveries fire, to around there quarter. of including provide repair most the a on to and our replace assets Although, a of end such the the September. recoveries accounting we of of the as in cover mill and recognition result a insurance damaged and and to intend income fourth further in for is up of will anticipate significant cost lost uncertainty amount August early as We of amount the or purposes, the steel
fire expect by quarter potential sequentially. in of insurance impact strongly fourth ferrous in drop fourth levels inventory contribute benefits the aggregate I'll outstanding mill at consolidated now average our we finally, recoveries of is that mill, accounting per of turn fire. even to operating Tamara. flow the excluding that to quarter business to to approximate ton related reduced the half cash And over the the EBITDA any steel the Excluding presentation the expect remainder expected to back be notwithstanding positive, on steel consideration from we performance, to our
