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https://staalx.com

May 29, 2024 (Scroll down for Steelorbis news)

News from the Market

http://staalx.com

May Closes to a Soft but Stable Long Products Market

Scrap Prices Expected to Soften Slightly for June

Our weekly newsletter has been quite repetitive lately with very little cha=
nge in the markets for the steel long products. While the end-user demand i=
s not bad, it has been softening gently as part of cooling off the economy.=
 This creates a long-lasting low-grade pain in the industry, and no one fee=
ls quite happy about it.

Domestic mills compete among themselves and keep blaming the ever-so-dimini=
shing imports. What is also surprising is that despite all the tariffs and =
protections, some mills say they are barely making money while the US price=
s are generally much higher than the international prices. One can imagine =
that if Section 232 is abolished one day, it will create quite a significan=
t amount of casualties in domestic steel makers.

Luckily for domestic producers, Section 232 is not going anywhere. Biden to=
pped Trump by introducing additional tariffs on Chinese steel imports and h=
asn't really relaxed Section 232, even though he criticized it before the e=
lections.

Although trade legislation has been relatively predictable, with Trump lead=
ing in the polls, steel markets could be up for volatility once again. Expe=
ct the trade legislation to weaponize further for various foreign agendas.

But for now in steel markets, May is closing to a stable and slightly softe=
r June. Scrap prices are similar and expected to stay sideways or drop a li=
ttle. No big price decreases are expected, and most discounts will happen q=
uietly to large buyers with some foreign fighter labels.

http://staalx.com Go to StaalX.com

https://live.eventtia.com/en/itfaamericas27thannualconference/Welcome/

StaalX: New-Generation Website

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We are excited to announce that the launch of our highly anticipated Next-G=
eneration StaalX website is just around the corner! Our team has been worki=
ng to bring you a new online experience, designed to make navigating and pu=
rchasing a variety of new steel products easier and more efficient.

Stay tuned for more updates as we put the final touches on this new-generat=
ion platform. We can't wait to share it with you soon!

Thank you for your continued support!
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StaalX Rebar Listing Price Index

http://www.staalx.com
http://www.staalx.com/

http://www.staalx.com/

The StaalX rebar listing index still remains unchanged at $40.86 from the l=
ast few weeks .

Below are prices from the StaalX platform for selective metro areas for #4 =
20 ft, Grade 60. Figures include delivery for a full load (45,000 lbs minim=
um).

Houston
$ 41.06 cwt =E2=80=8A
St. Louis
$43.58cwt
Philadelphia=E2=80=8A
$42.02 cwt
Chicago=E2=80=8A
$ 42.02 cwt =E2=80=8A
 Tampa
$41.29 cwt

http://www.staalx.com
http://www.staalx.com/

http://www.staalx.com/

At StaalX, we simplify your steel procurement process with our user-friendl=
y platform. Get instant quotes tailored to your needs and location. Choose =
from various sizes, lengths, grades, and origins to find the perfect match =
for your project. Enter your details and receive immediate pricing for easi=
er decision-making.

Experience the precision and convenience of https://staalx.com/ StaalX.com =
, where quality, affordability, and timely delivery are our priorities. Don=
't buy your bars before checking out StaalX instant quotes!

http://staalx.com Go to StaalX.com

http://steelorbis.com

From our content partner, SteelOrbis

US June Scrap Prices Seen Sideways to Lower on Low Steel Demand, Reduced Im=
ports

Friday, 24 May 2024 19:53:05 (GMT+3) San Diego

US scrap markets for June are now seen sideways to $10-$20/nt ($11-$22/mt) =
lower compared with May scrap settles, as slack domestic steel demand conti=
nues, even as monthly steel scrap imports into the US from the world showed=
 a monthly decline, industry data shows.

This week's June buy cycle market call differs from this past week when the=
 expectation for June was for prices to settle sideways to May, market insi=
ders told SteelOrbis.

"Overall, US Midwest (spot market) scrap is flat to down from prices seen i=
n early May," a scrap trader told SteelOrbis. "We're seeing slack (steel) d=
emand and very plentiful supply," he continued, "For June, the outlook we'r=
e now hearing is that people are leaning sideways to lower."

Insiders say that the combination of continued scant domestic US steel dema=
nd and flat to lower US finished steel prices are making the movement of im=
ported scrap from the world oftentimes noncompetitive.

According to the International Trade Administration, imports of steel scrap=
 into the US from the world at the end of March 2024, (the nearest month fo=
r which data was currently available), was down 8.3% to 1,204,671 mt from 1=
,314,121 mt at the end of the equivalent month in 2023. To be fair, yearly =
comparisons were better, with end-2023 scrap imports posting at 5, 125,399 =
mt, 7.84% higher than end-2022 4,753,548 mt
levels.

While the year-on-year scrap import comparisons were up, market insiders ca=
ution yearly comparison data was recorded at a time when US steel prices we=
re considerably higher and the movement of international scrap shipments mo=
re competitive on a delivered price basis.

The move from a flat-to-May to a sideways-to-lower June scrap call also com=
es despite the first weekly price increase from steel producer Nucor since =
the beginning of April. The steel maker increased its Consumer Spot Price (=
CSP) for hot-rolled coils from $760/nt ($838/mt) to $770/nt ($849/mt), a 1.=
3% weekly increase.

Because the price increase comes at a time when spot market HRC price level=
s continue flat to down, SteelOrbis market insiders caution the move likely=
 was an
attempt by the steel maker to establish a price floor to prevent further HR=
C price
declines. "The lower scrap values that we're seeing doesn't bode well for t=
he price
increase at Nucor," a contact told SteelOrbis following Monday's CSP price =
increase.
"The market overall is still flat with most prices unchanged to down."

With lower scrap values largely determining the value of finished steel, St=
eelOrbis
market contacts expect little in the way of substantial price increases in =
the near future.
US Domestic containerized shredded scrap declined $10/nt ($11/mt) this week=
 to
$390/nt ($430/mt), market insiders told SteelOrbis, while other grades were=
 largely flat
to week-earlier levels.

---------------------------------------------------------------------------=
---------------------------------------

US Rebar Prices Flat to Higher Amid Price Uncertainty and Scant Demand

Thursday, 23 May 2024 21:00:25 (GMT+3)
San Diego

US domestic rebar prices were reported "largely stable to higher" this week=
 even as low local demand continued and cheaper imports were not expected t=
o displace "aggressive "domestic steel mill pricing schemes aimed at mainta=
ining cash flows and market share, market insiders told SteelOrbis this wee=
k.

Stable to slightly higher end-week pricing follows this past week, when tal=
k of low continued mid-month demand and the lack of a spring "construction =
season" dominated conversations, prompting some spot market values, especia=
lly the US East Coast, to move sharply lower on the week.
Midwest domestic rebar spot prices are assessed $1.00 cwt ($22.05/mt of $20=
.00/nt) higher at $40.00-$41.00 cwt ex-mill ($882 to $904/mt or $800-$820/n=
t) against previous assessments at $38.00-$41.00 cwt ($838-$904/mt or $760-=
$820/nt). Following last week's nearly 11% price slump on the US East Coast=
, this week's price increase represents the first price reversal in two wee=
ks, when prices averaged $42.50-$43.50 cwt. ($937-$959/mt or $850-$870/nt) =
ex-mill.

"Domestic rebar values are largely stable to numbers we saw this past week,=
" said one Midwest rebar market insider. "There's still not a lot of import=
s coming into the US Gulf because of low domestic pricing, though those tha=
t can buy substantial amounts are buying imports at $37.00-$38.00 cwt ($816=
-$838/mt or $740-$760/nt) to keep themselves active."

"Rebar prices remain stable with uncertainty into the future," said another=
 US Gulf Coast-based steel market insider commenting on his view of "scant"=
 weekly trade. "We're hearing now that June (shredded) scrap is expected to=
 come in sideways to $10-$20/mt lower."

At last report, US East Coast rebar pricing regained all of the previous we=
ek's decline, posting a $2.00 cwt increase ($44.00/mt or $40/nt) to $39.00-=
$41.00 cwt ($860-$904/mt or $780-$820/nt) versus previous assessments at $3=
6.00-$40.00 cwt ($794-$882/mt or $720-$800/nt). Imports are discussed US Ea=
st Coast at $37.00-$38.00 cwt loaded truck.

In Houston, contacts say rebar exports from Mexico remain a non-starter fro=
m a supply standpoint, as local Mexican mills wait for lower local steel pr=
icing to develop to avoid potential anti-dumping allegations from the US. P=
ricing in the local Houston market remains flat to a week ago at an average=
 $40.50 cwt ($893/mt or $810/nt), market insiders said.

Looking at other long products, in the wide flange beams market, insiders c=
ommented
that mills have been "very aggressive "on pricing though values remained st=
able from
previous levels at $47.50 cwt ($1,047/mt or $950/nt). Overseas pricing is d=
iscussed in
the "high-40s" market insiders said.

Merchant Bar Quality steel (MBQ) is discussed flat at $49.00-$51.00 cwt. ($=
1,080-$1,124/mt or $980-$1,020/nt) with imports from Mexico and Canada meet=
ing
contract requirements, insiders said.

Do you have any questions? Check out our FAQ!

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line-height: 17pt; text-align: left;"><font color=3D"#000000" face=3D"Arial=
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to a Soft but Stable Long Products Market</b></font></p><p style=3D"font-fa=
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color: rgb(0, 0, 0);"><font color=3D"#000000" face=3D"Arial, Helvetica" sty=
le=3D"color: rgb(0, 0, 0); font-size: 12pt;"></font></font></font></font></=
p><p style=3D"font-family:Arial,verdana;font-size:12px; color:#000000;paddi=
ng:0px;margin: 0;line-height: 17pt; text-align: left;"><font color=3D"#0000=
00" face=3D"Arial, Helvetica" style=3D"color: rgb(0, 0, 0);"><font color=3D=
"#000000" face=3D"Arial, Helvetica" style=3D"color: rgb(0, 0, 0);"><font co=
lor=3D"#000000" face=3D"Arial, Helvetica" style=3D"color: rgb(0, 0, 0);"><f=
ont color=3D"#000000" face=3D"Arial, Helvetica" style=3D"color: rgb(0, 0, 0=
); font-size: 12pt;"></font></font></font></font></p><span><p style=3D"font=
-family:Arial,verdana;font-size:12px; color:#000000;padding:0px;margin: 0;l=
ine-height: 17pt; text-align: left;"><font color=3D"#000000" face=3D"Arial,=
 Helvetica" style=3D"color: rgb(0, 0, 0); font-size: 12pt;"></font></p><spa=
n><p style=3D"font-family:Arial,verdana;font-size:12px; color:#000000;paddi=
ng:0px;margin: 0;line-height:17pt; text-align: left;"><font color=3D"#00000=
0" face=3D"Arial, Helvetica" style=3D"color: rgb(0, 0, 0); font-size: 12pt;=
"></font></p><span><p style=3D"font-family:Arial,verdana;font-size:12px; co=
lor:#000000;padding:0px;margin: 0;line-height: 17pt; text-align: left;"><fo=
nt color=3D"#000000" face=3D"Arial, Helvetica" style=3D"color: rgb(0, 0, 0)=
; font-size: 12pt;"></font></p><span><p style=3D"font-family:Arial,verdana;=
font-size:12px; color:#000000;padding:0px;margin: 0;line-height: 17pt; text=
-align: left;"><font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"c=
olor: rgb(0, 0, 0); font-size: 12pt;"></font></p><span><font style><span></=
span></font></span></span></span></span></span></span></span></span></span>=
</span></span></span></span></span></span></span><span><font style=3D"font-=
size: 12pt;"></font></span><span><p style=3D"font-family:Arial,verdana;font=
-size:12px; color:#000000;padding:0px;margin: 0;line-height: 17pt; text-ali=
gn: left;"><font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"font-=
size: 12pt;color:#000000;">Our weekly newsletter has been quite repetitive =
lately with very little change in the markets for the steel long products. =
While the end-user demand is not bad, it has been softening gently as part =
of cooling off the economy. This creates a long-lasting low-grade pain in t=
he industry, and no one feels quite happy about it.</font></p><p style=3D"f=
ont-family:Arial,verdana;font-size:12px; color:#000000;padding:0px;margin: =
0;line-height: 17pt; text-align: left;"><font color=3D"#000000" face=3D"Ari=
al, Helvetica" style=3D"font-size: 12pt;color:#000000;"><br></font></p><p s=
tyle=3D"font-family:Arial,verdana;font-size:12px; color:#000000;padding:0px=
;margin: 0;line-height: 17pt; text-align: left;"><span style=3D"font-size: =
12pt; font-family: Arial, Helvetica; background-color: transparent;">Domest=
ic mills compete among themselves and keep blaming the ever-so-diminishing =
imports. What is also surprising is that despite all the tariffs and protec=
tions, some mills say they are barely making money while the US prices are =
generally much higher than the international prices. One can imagine that i=
f Section 232 is abolished one day, it will create quite a significant amou=
nt of casualties in domestic steel makers.</span><br></p><p style=3D"font-f=
amily:Arial,verdana;font-size:12px; color:#000000;padding:0px;margin: 0;lin=
e-height: 17pt; text-align: left;"><font color=3D"#000000" face=3D"Arial, H=
elvetica" style=3D"font-size: 12pt;color:#000000;"><br></font></p><p style=
=3D"font-family:Arial,verdana;font-size:12px; color:#000000;padding:0px;mar=
gin: 0;line-height: 17pt; text-align: left;"><font color=3D"#000000" face=
=3D"Arial, Helvetica" style=3D"font-size: 12pt;color:#000000;">Luckily for =
domestic producers, Section 232 is not going anywhere. Biden topped Trump b=
y introducing additional tariffs on Chinese steel imports and hasn't really=
 relaxed Section 232, even though he criticized it before the elections.</f=
ont></p><p style=3D"font-family:Arial,verdana;font-size:12px; color:#000000=
;padding:0px;margin: 0;line-height: 17pt; text-align: left;"><font color=3D=
"#000000" face=3D"Arial, Helvetica" style=3D"font-size: 12pt;color:#000000;=
"><br></font></p><p style=3D"font-family:Arial,verdana;font-size:12px; colo=
r:#000000;padding:0px;margin: 0;line-height: 17pt; text-align: left;"><font=
 color=3D"#000000" face=3D"Arial, Helvetica" style=3D"font-size: 12pt;color=
:#000000;">Although trade legislation has been relatively predictable, with=
 Trump leading in the polls, steel markets could be up for volatility once =
again. Expect the trade legislation to weaponize further for various foreig=
n agendas.</font></p><p style=3D"font-family:Arial,verdana;font-size:12px; =
color:#000000;padding:0px;margin: 0;line-height: 17pt; text-align: left;"><=
font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"font-size: 12pt;c=
olor:#000000;"><br></font></p><p style=3D"font-family:Arial,verdana;font-si=
ze:12px; color:#000000;padding:0px;margin: 0;line-height: 17pt; text-align:=
 left;"><font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"font-siz=
e: 12pt;color:#000000;">But for now in steel markets, May is closing to a s=
table and slightly softer June. Scrap prices are similar and expected to st=
ay sideways or drop a little. No big price decreases are expected, and most=
 discounts will happen quietly to large buyers with some foreign fighter la=
bels.</font></p></span><div><div><span><span><span><span><span><span><span>=
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/span></span></span></span></span></div></div></div></div></div>
=09=09=09</td></tr>
=09=09</tbody></table>
       =09  </div>
</td></tr>
<tr><td class=3D"txtsize" id=3D"elm_1657637534906" style=3D" mso-table-lspa=
ce:0pt; font-size:12px;font-family:Arial, Helvetica, sans-serif; mso-table-=
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=09=09=09
=09=09 =09       =20
=09=09           =20
=09=09 =20



















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                     =09=09   Go to StaalX.com
=09=09=09=09=09=09=09</font>
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=09</div>
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=09=09=09<a href=3D"https://qprdy-zgpvh.maillist-manage.net/click/1c08f772a=
3bdde14/1c08f772a3bdb0b5" style=3D"text-decoration:underline;border:0px;" t=
arget=3D"_blank" zcurl_name=3D"l_4">
=09=09=09<img align=3D"left" alt=3D"https://stratus.campaign-image.com/imag=
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pace=3D"0" width=3D"600">
=09=09=09</a>
=09=09=09</td></tr>
=09=09=09</tbody></table>
=09=09</div>
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</td></tr>
<tr><td class=3D"txtsize" id=3D"elm_1710362359572" style=3D" mso-table-lspa=
ce:0pt; font-size:12px;font-family:Arial, Helvetica, sans-serif; mso-table-=
rspace:0pt;font-size:12px;border:0px;padding:0px 0px;border-collapse:collap=
se;" valign=3D"top">

          <div class=3D"zpelement-wrapper" id=3D"elm_1710362359572" style=
=3D";word-wrap:break-word;overflow:hidden;padding-right:0px;background-colo=
r:;">
=09    =09<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" class=3D"=
zpAlignPos" style=3D" mso-table-lspace:0pt; mso-table-rspace:0pt;font-size:=
12px;padding:0px;border:0px;border-collapse:collapse; mso-table-lspace:0pt;=
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kit-text-size-adjust: 100%;" width=3D"100%">
=09  =09
            <tbody><tr><td class=3D"paddingcomp" style=3D"border-collapse:c=
ollapse; mso-table-lspace:0pt; mso-table-rspace:0pt;border:0px;padding:7px =
15px;font-size:12pt;font-family:Arial,Helvetica;line-height:19pt;border-top=
:0px none ;   border-bottom:0px none ;padding-top:10px;padding-bottom:7px;p=
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             =09    =09=09<div componentpaddingbottom=3D"7px" componentpadd=
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" style><font face=3D"Arial, Helvetica"><span style=3D"font-size: 18.6667px=
;"><b>StaalX: New-Generation Website</b></span></font></div>
=09=09=09</td></tr>
=09=09</tbody></table>
       =09  </div>
</td></tr>
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          <div class=3D"zpelement-wrapper" id=3D"elm_1710367289053" style=
=3D";word-wrap:break-word;overflow:hidden;padding-right:0px;background-colo=
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7pt;"><span style=3D"line-height: 17pt;"><font style=3D"font-size: 12pt;">

</font></span></p><p style=3D"line-height:1.7;font-family:Arial,verdana;fon=
t-size:12px; color:#000000;padding:0px;margin: 0px; padding: 0px; box-sizin=
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c4c4c" face=3D"Arial, Helvetica" style=3D"line-height: 17pt; font-size: 12p=
t;"><span style=3D"line-height: 17pt;"></span></font></span></p><font style=
=3D"font-size: 12pt;"><span style=3D"line-height: 17pt;"><p style=3D"line-h=
eight:1.7;font-family:Arial,verdana;font-size:12px; color:#000000;padding:0=
px;margin: 0;text-align: left; line-height: 17pt;"><span style=3D"font-fami=
ly: Arial, Helvetica; line-height: 17pt;"><b><font style=3D"line-height: 17=
pt;"></font></b></span></p><span><p align=3D"left" style=3D"font-family:Ari=
al,verdana;font-size:12px; color:#000000;padding:0px;margin: 0;line-height:=
 19pt; text-align: left;"><font color=3D"#333333" face=3D"Arial, Helvetica"=
 style=3D"color: rgb(51, 51, 51);"><b><font></font></b></font></p><p align=
=3D"left" style=3D"font-family:Arial,verdana;font-size:12px; color:#000000;=
padding:0px;margin: 0;line-height: 19pt; text-align: left;"><font face=3D"A=
rial, Helvetica" style><span style=3D"color: rgb(51, 51, 51);"></span><span=
><span></span></span></font></p></span><span><p style=3D"font-family:Arial,=
verdana;font-size:12px; color:#000000;padding:0px;margin: 0;line-height: 19=
pt; text-align: left;"><span style=3D"color: rgb(51, 51, 51); font-family: =
Arial, Helvetica;"></span></p></span><span><font style>

<font color=3D"#2828da" style><u><a alt=3D"StaalX" href=3D"https://qprdy-zg=
pvh.maillist-manage.net/click/1c08f772a3bdde14/1c08f772a3bdb0b7" rel=3D"noo=
pener noreferrer" style=3D"text-decoration:underline;color: rgb(0, 0, 0);" =
target=3D"_blank" title=3D"StaalX" zcurl_name=3D"l_5"><font color=3D"#00000=
0" style=3D"color:#000000;"></font></a></u></font>

<p style=3D"font-family:Arial,verdana;font-size:12px; color:#000000;padding=
:0px;margin: 0;line-height: 19pt; text-align: left;"><font color=3D"#333333=
" face=3D"Arial, Helvetica" style=3D"color: rgb(51, 51, 51);"><font><font><=
/font></font></font></p>

<font style><u><a href=3D"https://qprdy-zgpvh.maillist-manage.net/click/1c0=
8f772a3bdde14/1c08f772a3bdb0b9" rel=3D"noopener noreferrer" style=3D"text-d=
ecoration:underline;color: rgb(0, 0, 0);" target=3D"_blank" title=3D"StaalX=
" zcurl_name=3D"l_6"><font color=3D"#000000" style=3D"color:#000000;"></fon=
t></a></u></font>

<h4 style=3D"margin: 0;padding: 0px;font-family:Arial, Helvetica, sans-seri=
f; color:#000000;color:#000000; font-weight:normal;font-family:Arial,verdan=
a,Helvetica, sans-serif; color:#000000;font-size: 22px;"><font style><span>=
</span></font></h4><span><font style></font></span></font></span></span>

<p style=3D"font-family:Arial,verdana;font-size:12px; color:#000000;padding=
:0px;margin: 0;line-height: 19pt; text-align: left;"><font face=3D"Arial, H=
elvetica" style><b style><font style></font></b></font></p><font style>

</font><p style=3D"font-family:Arial,verdana;font-size:12px; color:#000000;=
padding:0px;margin: 0;line-height: 19pt; text-align: left;"><font face=3D"A=
rial, Helvetica" style></font></p><span><font style>

</font><p style=3D"font-family:Arial,verdana;font-size:12px; color:#000000;=
padding:0px;margin: 0;line-height: 19pt; text-align: left;"><font face=3D"A=
rial, Helvetica" style><b style><font style></font></b></font></p><span><fo=
nt style>

<span>

<font><u><a href=3D"https://qprdy-zgpvh.maillist-manage.net/click/1c08f772a=
3bdde14/1c08f772a3bdb0bb" rel=3D"noopener noreferrer" style=3D"text-decorat=
ion:underline;" target=3D"_blank" title=3D"StaalX" zcurl_name=3D"l_7"><font=
></font></a></u></font><span>

<p style=3D"font-family:Arial,verdana;font-size:12px; color:#000000;padding=
:0px;margin: 0;line-height: 19pt; text-align: left;"><font face=3D"Arial, H=
elvetica" style><font style><font style><font style><b style></b></font></f=
ont></font></font></p><span>

<p style=3D"font-family:Arial,verdana;font-size:12px; color:#000000;padding=
:0px;margin: 0;line-height: 19pt; text-align: left;"><font face=3D"Arial, H=
elvetica" style><font style><span>

</span></font></font></p><p style=3D"font-family:Arial,verdana;font-size:12=
px; color:#000000;padding:0px;margin: 0;line-height: 19pt; text-align: left=
;"><font face=3D"Arial, Helvetica" style><font style><font face=3D"Arial, H=
elvetica" style><font style></font></font></font></font></p><span>

<span></span></span></span></span></span></font></span></span></font></div>=
<p style=3D"font-family:Arial,verdana;font-size:12px; color:#000000;padding=
:0px;margin: 0;line-height: 17pt; text-align: left;"><font color=3D"#000000=
" face=3D"Arial, Helvetica" style=3D"color: rgb(0, 0, 0); font-size: 12pt;"=
></font></p><font style=3D"font-size: 12pt;"><span><p style=3D"font-family:=
Arial,verdana;font-size:12px; color:#000000;padding:0px;margin: 0;line-heig=
ht: 17pt; text-align: left;"><font style><span style=3D"font-family: Arial,=
 Helvetica;"></span><span> </span></font></p></span><span></span></font></d=
iv><span><p style=3D"font-family:Arial,verdana;font-size:12px; color:#00000=
0;padding:0px;margin: 0;line-height: 17pt; text-align: left;"><font color=
=3D"#000000" face=3D"Arial, Helvetica" style=3D"font-size: 12pt;color:#0000=
00;"></font></p><span><p style=3D"font-family:Arial,verdana;font-size:12px;=
 color:#000000;padding:0px;margin: 0;line-height: 17pt; text-align: left;">=
<font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"font-size: 12pt;=
color:#000000;">We are excited to announce that the launch of our highly an=
ticipated Next-Generation StaalX website is just around the corner! Our tea=
m has been working to bring you a new online experience, designed to make n=
avigating and purchasing a variety of new steel products easier and more ef=
ficient.</font></p><p style=3D"font-family:Arial,verdana;font-size:12px; co=
lor:#000000;padding:0px;margin: 0;line-height: 17pt; text-align: left;"><fo=
nt color=3D"#000000" face=3D"Arial, Helvetica" style=3D"font-size: 12pt;col=
or:#000000;"><br></font></p><p style=3D"font-family:Arial,verdana;font-size=
:12px; color:#000000;padding:0px;margin: 0;line-height: 17pt; text-align: l=
eft;"><font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"font-size:=
 12pt;color:#000000;">Stay tuned for more updates as we put the final touch=
es on this new-generation platform. We can't wait to share it with you soon=
!</font></p><p style=3D"font-family:Arial,verdana;font-size:12px; color:#00=
0000;padding:0px;margin: 0;line-height: 17pt; text-align: left;"><font colo=
r=3D"#000000" face=3D"Arial, Helvetica" style=3D"font-size: 12pt;color:#000=
000;"><br></font></p><p style=3D"font-family:Arial,verdana;font-size:12px; =
color:#000000;padding:0px;margin: 0;line-height: 17pt; text-align: left;"><=
font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"font-size: 12pt;c=
olor:#000000;">Thank you for your continued support!</font></p></span><p st=
yle=3D"font-family:Arial,verdana;font-size:12px; color:#000000;padding:0px;=
margin: 0;line-height: 17pt; text-align: left;"><font face=3D"Arial, Helvet=
ica" style=3D"font-size: 12pt;"><a alt=3D"Register here!" href=3D"https://q=
prdy-zgpvh.maillist-manage.net/click/1c08f772a3bdde14/1c08f772a3bdb0bd" rel=
=3D"noopener noreferrer" style=3D"text-decoration:underline;color: rgb(0, 1=
08, 251);" target=3D"_blank" title=3D"Register here!" zcurl_name=3D"l_8"><f=
ont color=3D"#006cfb" style=3D"color:#006cfb;"></font></a></font></p></span=
><div id style=3D"outline: none;"><span style=3D"font-size: 12pt;"></span><=
/div><div id style=3D"outline: none;"><p style=3D"font-family:Arial,verdana=
;font-size:12px; color:#000000;padding:0px;margin: 0;line-height: 17pt; tex=
t-align: left;"><font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"=
font-size: 12pt;color:#000000;"></font></p><p style=3D"font-family:Arial,ve=
rdana;font-size:12px; color:#000000;padding:0px;margin: 0;line-height: 17pt=
; text-align: left;"><font color=3D"#000000" face=3D"Arial, Helvetica" styl=
e=3D"font-size: 12pt;color:#000000;"></font></p></div></div></div></div></d=
iv>
=09=09=09</td></tr>
=09=09</tbody></table>
       =09  </div>
</td></tr>
<tr><td class=3D"txtsize" id=3D"elm_1710367353064" style=3D" mso-table-lspa=
ce:0pt; font-size:12px;font-family:Arial, Helvetica, sans-serif; mso-table-=
rspace:0pt;font-size:12px;border:0px;padding:0px 0px;border-collapse:collap=
se;" valign=3D"top">

=09=09
=09=09=09 <div class=3D"zpelement-wrapper divider" id=3D"elm_1710367353064"=
 style=3D";word-wrap:break-word;overflow:hidden;background-color:;">
=09=09=09 <table bgcolor border=3D"0" cellpadding=3D"0" cellspacing=3D"0" c=
lass=3D"zpAlignPos" style=3D" mso-table-lspace:0pt; mso-table-rspace:0pt;pa=
dding:0px;border:0px;border-collapse:collapse; mso-table-lspace:0pt;font-si=
ze:5px; mso-table-rspace:0pt;word-break:break-word;-ms-text-size-adjust: 10=
0%;-webkit-text-size-adjust: 100%;background-color:;" width=3D"100%">
=09=09=09 <tbody><tr><td class=3D"txtsize" style=3D" mso-table-lspace:0pt; =
font-size:12px;font-family:Arial, Helvetica, sans-serif; mso-table-rspace:0=
pt;font-size:12px;border:0px;padding:18px 7px 18px 7px;border-collapse:coll=
apse;">
=09=09=09=09=09<div class=3D"divider" componentborder=3D"#9babab" style=3D"=
margin:0px;padding:0px;text-align:center;"><table align=3D"center" border=
=3D"0" border-color=3D"#9babab" cellpadding=3D"0" cellspacing=3D"0" class=
=3D"dvdrtbl" style=3D"border-collapse:collapse;border-collapse:collapse; ms=
o-table-lspace:0pt; mso-table-rspace:0pt;font-size:12px;border: 0px; font-s=
ize: 0px; width: 100%; margin: auto;" width=3D"100%"> <tbody><tr><td align=
=3D"center" border-size=3D"1px" height=3D"0" style=3D"border-collapse:colla=
pse; mso-table-lspace:0pt; font-size:12px;font-family:Arial, Helvetica, san=
s-serif; mso-table-rspace:0pt;font-size:12px;border:0px;padding:7px;border-=
style: dotted none none; border-color: rgb(155, 171, 171); font-size: 0px; =
margin: 0px; padding: 0px; width: 100%; border-top-width: 1px;" width=3D"10=
0%">       </td> </tr></tbody></table></div>
=09=09=09</td></tr></tbody></table>
=09=09=09</div>
</td></tr>
<tr><td class=3D"txtsize" id=3D"elm_1682361317670" style=3D" mso-table-lspa=
ce:0pt; font-size:12px;font-family:Arial, Helvetica, sans-serif; mso-table-=
rspace:0pt;font-size:12px;border:0px;padding:0px 0px;border-collapse:collap=
se;" valign=3D"top">

          <div class=3D"zpelement-wrapper" id=3D"elm_1682361317670" style=
=3D";word-wrap:break-word;overflow:hidden;padding-right:0px;background-colo=
r:#ffffff;">
=09    =09<table bgcolor=3D"#ffffff" border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" class=3D"zpAlignPos" style=3D" mso-table-lspace:0pt; mso-table-r=
space:0pt;font-size:12px;padding:0px;border:0px;border-collapse:collapse; m=
so-table-lspace:0pt; mso-table-rspace:0pt;word-break:break-word;-ms-text-si=
ze-adjust: 100%;-webkit-text-size-adjust: 100%;" width=3D"100%">
=09  =09
            <tbody><tr><td class=3D"paddingcomp" style=3D"border-collapse:c=
ollapse; mso-table-lspace:0pt; mso-table-rspace:0pt;border:0px;padding:7px =
15px;font-size:12pt;font-family:Arial,Helvetica;line-height:19pt;border-top=
:0px none ;   border-bottom:0px none ;padding-top:15px;padding-bottom:10px;=
padding-right:15px;padding-left:15px;">
             =09    =09=09<div componentbgcolor=3D"#ffffff" componentpaddin=
gbottom=3D"10px" componentpaddingleft=3D"15px" componentpaddingright=3D"15p=
x" componentpaddingtop=3D"15px" style=3D"background-color: rgb(255, 255, 25=
5);"><span style=3D"font-size: 18.6667px;"><b>StaalX Rebar Listing Price In=
dex</b></span></div>
=09=09=09</td></tr>
=09=09</tbody></table>
       =09  </div>
</td></tr>
<tr><td class=3D"txtsize" id=3D"elm_1673897809299" style=3D" mso-table-lspa=
ce:0pt; font-size:12px;font-family:Arial, Helvetica, sans-serif; mso-table-=
rspace:0pt;font-size:12px;border:0px;padding:0px 0px;border-collapse:collap=
se;" valign=3D"top">

          <div class=3D"zpelement-wrapper" id=3D"elm_1673897809299" style=
=3D";word-wrap:break-word;overflow:hidden;padding-right:0px;background-colo=
r:#ffffff;">
=09    =09<table bgcolor=3D"#ffffff" border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" class=3D"zpAlignPos" style=3D" mso-table-lspace:0pt; mso-table-r=
space:0pt;font-size:12px;padding:0px;border:0px;border-collapse:collapse; m=
so-table-lspace:0pt; mso-table-rspace:0pt;word-break:break-word;-ms-text-si=
ze-adjust: 100%;-webkit-text-size-adjust: 100%;" width=3D"100%">
=09  =09
            <tbody><tr><td class=3D"paddingcomp" style=3D"border-collapse:c=
ollapse; mso-table-lspace:0pt; mso-table-rspace:0pt;border:0px;padding:7px =
15px;font-size:12pt;font-family:Arial,Helvetica;line-height:17pt;border-top=
:0px none ;   border-bottom:0px none ;padding-top:5px;padding-bottom:5px;pa=
dding-right:15px;padding-left:15px;">
             =09    =09=09<div componentbgcolor=3D"#ffffff" componentlinehe=
ight=3D"17pt" componentpaddingbottom=3D"5px" componentpaddingleft=3D"15px" =
componentpaddingright=3D"15px" componentpaddingtop=3D"5px" style=3D"backgro=
und-color: rgb(255, 255, 255);"><p style=3D"font-family:Arial,verdana;font-=
size:12px; color:#000000;padding:0px;margin: 0;line-height: 17pt;"><span st=
yle=3D"line-height: 17pt;">

</span></p><p style=3D"line-height:1.7;font-family:Arial,verdana;font-size:=
12px; color:#000000;padding:0px;margin: 0px; padding: 0px; box-sizing: bord=
er-box; font-style: normal; font-variant-ligatures: normal; font-variant-ca=
ps: normal; font-weight: 400; orphans: 2; text-align: left; text-indent: 0p=
x; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;=
 -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); line=
-height: 17pt;"><span style=3D"font-size: 12pt; line-height: 17pt;"><font c=
olor=3D"#4c4c4c" face=3D"Arial, Helvetica" style=3D"line-height: 17pt;"><sp=
an style=3D"font-size: 12pt; line-height: 17pt;"></span></font></span></p><=
span style=3D"line-height: 17pt;"><p style=3D"line-height:1.7;font-family:A=
rial,verdana;font-size:12px; color:#000000;padding:0px;margin: 0;text-align=
: left; line-height: 17pt;"><span style=3D"font-family: Arial, Helvetica; l=
ine-height: 17pt;"><b><font style=3D"font-size: 12pt; line-height: 17pt;"><=
/font></b></span></p><span><p align=3D"left" style=3D"font-family:Arial,ver=
dana;font-size:12px; color:#000000;padding:0px;margin: 0;line-height: 19pt;=
 text-align: left;"><font color=3D"#333333" face=3D"Arial, Helvetica" style=
=3D"font-size: 12pt;color:#333333;"><b><font></font></b></font></p><p align=
=3D"left" style=3D"font-family:Arial,verdana;font-size:12px; color:#000000;=
padding:0px;margin: 0;line-height: 19pt; text-align: left;"><font face=3D"A=
rial, Helvetica" style=3D"font-size: 12pt;"><span style=3D"color: rgb(51, 5=
1, 51);"></span><span><span></span></span></font></p></span><span><p style=
=3D"font-family:Arial,verdana;font-size:12px; color:#000000;padding:0px;mar=
gin: 0;line-height: 19pt; text-align: left;"><span style=3D"color: rgb(51, =
51, 51); font-size: 12pt; font-family: Arial, Helvetica;"></span></p></span=
><span><font style>

<font color=3D"#2828da" style=3D"font-size: 12pt;"><u><a alt=3D"StaalX" hre=
f=3D"https://qprdy-zgpvh.maillist-manage.net/click/1c08f772a3bdde14/1c08f77=
2a3bdb0bf" rel=3D"noopener noreferrer" style=3D"text-decoration:underline;c=
olor: rgb(0, 0, 0);" target=3D"_blank" title=3D"StaalX" zcurl_name=3D"l_9">=
<font color=3D"#000000" style=3D"color:#000000;"></font></a></u></font>

<p style=3D"line-height:1.7;font-family:Arial,verdana; color:#000000;paddin=
g:0px;margin: 0;font-size: 12pt; line-height: 19pt; text-align: left;"><fon=
t color=3D"#333333" face=3D"Arial, Helvetica" style=3D"font-size: 12pt;colo=
r:#333333;"><font><font></font></font></font></p>

<font style=3D"font-size: 12pt;"><u><a href=3D"https://qprdy-zgpvh.maillist=
-manage.net/click/1c08f772a3bdde14/1c08f772a3bdb0c1" rel=3D"noopener norefe=
rrer" style=3D"text-decoration:underline;color: rgb(0, 0, 0);" target=3D"_b=
lank" title=3D"StaalX" zcurl_name=3D"l_10"><font color=3D"#000000" style=3D=
"color:#000000;"></font></a></u></font>

<h4 style=3D"margin: 0;padding: 0px;font-family:Arial, Helvetica, sans-seri=
f; color:#000000;color:#000000; font-weight:normal;font-family:Arial,verdan=
a,Helvetica, sans-serif; color:#000000;font-size: 22px;"><font style=3D"fon=
t-size: 12pt;"><span></span></font></h4><span><font style=3D"font-size: 12p=
t;"></font></span></font></span></span>

<p style=3D"font-family:Arial,verdana;font-size:12px; color:#000000;padding=
:0px;margin: 0;line-height: 19pt; text-align: left;"><font face=3D"Arial, H=
elvetica" style=3D"font-size: 12pt;"><b style><font style></font></b></font=
></p><font style=3D"font-size: 12pt;">

</font><p style=3D"font-family:Arial,verdana;font-size:12px; color:#000000;=
padding:0px;margin: 0;line-height: 19pt; text-align: left;"><font face=3D"A=
rial, Helvetica" style=3D"font-size: 12pt;"></font></p><font style=3D"font-=
size: 12pt;">

</font><p style=3D"font-family:Arial,verdana;font-size:12px; color:#000000;=
padding:0px;margin: 0;line-height: 19pt; text-align: left;"><font face=3D"A=
rial, Helvetica" style><b style><font style=3D"font-size: 12pt;"></font></b=
></font></p><font style><font style=3D"font-size: 12pt;">



<font style><u><a href=3D"https://qprdy-zgpvh.maillist-manage.net/click/1c0=
8f772a3bdde14/1c08f772a3bdb0c3" rel=3D"noopener noreferrer" style=3D"text-d=
ecoration:underline;" target=3D"_blank" title=3D"StaalX" zcurl_name=3D"l_11=
"><font></font></a></u></font>

</font><p style=3D"line-height:1.7;font-family:Arial,verdana; color:#000000=
;padding:0px;margin: 0;font-size: 12pt; line-height: 19pt; text-align: left=
;"><font face=3D"Arial, Helvetica" style><font style><font style><font styl=
e=3D"font-size: 12pt;"><b style></b></font></font></font></font></p>

<p style=3D"line-height:1.7;font-family:Arial,verdana; color:#000000;paddin=
g:0px;margin: 0;font-size: 12pt; line-height: 19pt; text-align: left;"><fon=
t face=3D"Arial, Helvetica" style><font style=3D"font-size: 12pt;"><span>

</span></font></font></p><p style=3D"line-height:1.7;font-family:Arial,verd=
ana; color:#000000;padding:0px;margin: 0;font-size: 12pt; line-height: 19pt=
; text-align: left;"><font face=3D"Arial, Helvetica" style><font style><fon=
t face=3D"Arial, Helvetica" style><font style=3D"font-size: 12pt;"></font><=
/font></font></font></p>



<p style=3D"font-family:Arial,verdana;font-size:12px; color:#000000;padding=
:0px;margin: 0;line-height: 17pt; text-align: left;"><font style=3D"font-si=
ze: 12pt;"><font style=3D"font-family: Arial, Helvetica, sans-serif;"></fon=
t>The StaalX rebar listing index still remains unchanged at<b>&nbsp;$40.86 =
</b>from the last few weeks</font><font style=3D"font-size: 12pt;"><span>.<=
/span><span style=3D"font-size: 12pt; font-family: Arial, Helvetica;"></spa=
n></font></p><p style=3D"font-family:Arial,verdana;font-size:12px; color:#0=
00000;padding:0px;margin: 0;line-height: 17pt; text-align: left;"><span sty=
le=3D"font-size: 12pt;"><br></span></p><p style=3D"font-family:Arial,verdan=
a;font-size:12px; color:#000000;padding:0px;margin: 0;line-height: 17pt; te=
xt-align: left;"><span style=3D"font-size: 12pt;">Below are prices from the=
 StaalX platform for selective metro areas for #4 20 ft, Grade 60.&nbsp;</s=
pan><span style=3D"font-size: 12pt;">Figures include delivery for a full lo=
ad (45,000 lbs minimum).</span></p></font></div>
=09=09=09</td></tr>
=09=09</tbody></table>
       =09  </div>
</td></tr>
<tr><td class=3D"txtsize" id=3D"elm_1684178683207" style=3D" mso-table-lspa=
ce:0pt; font-size:12px;font-family:Arial, Helvetica, sans-serif; mso-table-=
rspace:0pt;font-size:12px;border:0px;padding:0px 0px;border-collapse:collap=
se;" valign=3D"top">

          <div class=3D"zpelement-wrapper" id=3D"elm_1684178683207" style=
=3D";word-wrap:break-word;overflow:hidden;padding-right:0px;background-colo=
r:transparent;">
=09    =09<table bgcolor=3D"transparent" border=3D"0" cellpadding=3D"0" cel=
lspacing=3D"0" class=3D"zpAlignPos" style=3D" mso-table-lspace:0pt; mso-tab=
le-rspace:0pt;font-size:12px;padding:0px;border:0px;border-collapse:collaps=
e; mso-table-lspace:0pt; mso-table-rspace:0pt;word-break:break-word;-ms-tex=
t-size-adjust: 100%;-webkit-text-size-adjust: 100%;" width=3D"100%">
=09  =09
            <tbody><tr><td class=3D"paddingcomp" style=3D"border-collapse:c=
ollapse; mso-table-lspace:0pt; mso-table-rspace:0pt;border:0px;padding:7px =
15px;font-size:12pt;font-family:Arial,Helvetica;line-height:19pt;border-top=
:0px none ;   border-bottom:0px none ;padding-top:7px;padding-bottom:7px;pa=
dding-right:15px;padding-left:15px;">
             =09    =09=09<div componentbgcolor=3D"#f8f9fb" style=3D"backgr=
ound-color: rgb(248, 249, 251);"><div componentbgcolor=3D"transparent" id s=
tyle=3D"outline: none;"><table align=3D"left" style=3D" border:0px;border-c=
ollapse:collapse;border-collapse:collapse; mso-table-lspace:0pt; mso-table-=
rspace:0pt;font-size:12px;width: 100%; float: left; border-collapse: collap=
se;"><tbody><tr><td style=3D"border-collapse:collapse; mso-table-lspace:0pt=
; font-size:12px;font-family:Arial, Helvetica, sans-serif; mso-table-rspace=
:0pt;font-size:12px;border:0px;padding:7px;width: 50%; padding: 7px; font-f=
amily: Arial, Helvetica, sans-serif; font-size: 10pt; text-align: center; b=
order-collapse: collapse; border: 1px solid rgb(0, 0, 0);" width=3D"50%"><f=
ont style=3D"font-size: 12pt;"><b>Houston</b></font></td><td style=3D"borde=
r-collapse:collapse; mso-table-lspace:0pt; font-size:12px;font-family:Arial=
, Helvetica, sans-serif; mso-table-rspace:0pt;font-size:12px;border:0px;pad=
ding:7px;width: 50%; padding: 7px; font-family: Arial, Helvetica, sans-seri=
f; font-size: 10pt; text-align: center; border-collapse: collapse; border: =
1px solid rgb(0, 0, 0);" width=3D"50%"><font style=3D"font-size: 12pt;"><sp=
an>

<span><span>$<span>41.06</span> cwt</span><span>&nbsp;</span></span><span>=
=E2=80=8A</span>

</span><br></font></td></tr><tr><td style=3D"border-collapse:collapse; mso-=
table-lspace:0pt; font-size:12px;font-family:Arial, Helvetica, sans-serif; =
mso-table-rspace:0pt;font-size:12px;border:0px;padding:7px;width: 50%; padd=
ing: 7px; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; text-=
align: center; border-collapse: collapse; border: 1px solid rgb(0, 0, 0);" =
width=3D"50%"><font style=3D"font-size: 12pt;"><b> St. Louis=09</b></font><=
/td><td style=3D"border-collapse:collapse; mso-table-lspace:0pt; font-size:=
12px;font-family:Arial, Helvetica, sans-serif; mso-table-rspace:0pt;font-si=
ze:12px;border:0px;padding:7px;width: 50%; padding: 7px; font-family: Arial=
, Helvetica, sans-serif; font-size: 10pt; text-align: center; border-collap=
se: collapse; border: 1px solid rgb(0, 0, 0);" width=3D"50%"><p align=3D"ce=
nter" style=3D"font-family:Arial,verdana;font-size:12px; color:#000000;padd=
ing:0px;margin: 0;line-height: 19pt; text-align: center;"><font color=3D"#0=
00000" face=3D"Arial, Helvetica" style=3D"color: rgb(0, 0, 0); font-size: 1=
2pt;">$43.58&nbsp;cwt</font></p></td></tr><tr><td style=3D"border-collapse:=
collapse; mso-table-lspace:0pt; font-size:12px;font-family:Arial, Helvetica=
, sans-serif; mso-table-rspace:0pt;font-size:12px;border:0px;padding:7px;wi=
dth: 50%; padding: 7px; font-family: Arial, Helvetica, sans-serif; font-siz=
e: 10pt; text-align: center; border-collapse: collapse; border: 1px solid r=
gb(0, 0, 0);" width=3D"50%"><font style=3D"font-size: 12pt;"><b>Philadelphi=
a=E2=80=8A</b></font></td><td style=3D"border-collapse:collapse; mso-table-=
lspace:0pt; font-size:12px;font-family:Arial, Helvetica, sans-serif; mso-ta=
ble-rspace:0pt;font-size:12px;border:0px;padding:7px;width: 50%; padding: 7=
px; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; text-align:=
 center; border-collapse: collapse; border: 1px solid rgb(0, 0, 0);" width=
=3D"50%"><span style=3D"font-size: 16px;">$42.02 cwt</span></td></tr><tr><t=
d style=3D"border-collapse:collapse; mso-table-lspace:0pt; font-size:12px;f=
ont-family:Arial, Helvetica, sans-serif; mso-table-rspace:0pt;font-size:12p=
x;border:0px;padding:7px;width: 50%; padding: 7px; font-family: Arial, Helv=
etica, sans-serif; font-size: 10pt; text-align: center; border-collapse: co=
llapse; border: 1px solid rgb(0, 0, 0);" width=3D"50%"><font style=3D"font-=
size: 12pt;"><b>Chicago=E2=80=8A</b></font></td><td style=3D"border-collaps=
e:collapse; mso-table-lspace:0pt; font-size:12px;font-family:Arial, Helveti=
ca, sans-serif; mso-table-rspace:0pt;font-size:12px;border:0px;padding:7px;=
width: 50%; padding: 7px; font-family: Arial, Helvetica, sans-serif; font-s=
ize: 10pt; text-align: center; border-collapse: collapse; border: 1px solid=
 rgb(0, 0, 0);" width=3D"50%"><font style=3D"font-size: 12pt;"><span>

<span>$<span>42.02</span>&nbsp;cwt</span>

</span>=E2=80=8A</font></td></tr><tr><td style=3D"border-collapse:collapse;=
 mso-table-lspace:0pt; font-size:12px;font-family:Arial, Helvetica, sans-se=
rif; mso-table-rspace:0pt;font-size:12px;border:0px;padding:7px;width: 50%;=
 padding: 7px; font-family: Arial, Helvetica, sans-serif; font-size: 10pt; =
text-align: center; border-collapse: collapse; border: 1px solid rgb(0, 0, =
0);" width=3D"50%"><font style=3D"font-size: 12pt;">&nbsp;<b style>Tampa</b=
></font></td><td style=3D"border-collapse:collapse; mso-table-lspace:0pt; f=
ont-size:12px;font-family:Arial, Helvetica, sans-serif; mso-table-rspace:0p=
t;font-size:12px;border:0px;padding:7px;width: 50%; padding: 7px; font-fami=
ly: Arial, Helvetica, sans-serif; font-size: 10pt; text-align: center; bord=
er-collapse: collapse; border: 1px solid rgb(0, 0, 0);" width=3D"50%"><font=
 style=3D"font-size: 12pt;">$41.29 cwt</font></td></tr></tbody></table></di=
v></div>
=09=09=09</td></tr>
=09=09</tbody></table>
       =09  </div>
</td></tr>
<tr><td class=3D"txtsize" id=3D"elm_1684184298814" style=3D" mso-table-lspa=
ce:0pt; font-size:12px;font-family:Arial, Helvetica, sans-serif; mso-table-=
rspace:0pt;font-size:12px;border:0px;padding:0px 0px;border-collapse:collap=
se;" valign=3D"top">

          <div class=3D"zpelement-wrapper" id=3D"elm_1684184298814" style=
=3D";word-wrap:break-word;overflow:hidden;padding-right:0px;background-colo=
r:#ffffff;">
=09    =09<table bgcolor=3D"#ffffff" border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" class=3D"zpAlignPos" style=3D" mso-table-lspace:0pt; mso-table-r=
space:0pt;font-size:12px;padding:0px;border:0px;border-collapse:collapse; m=
so-table-lspace:0pt; mso-table-rspace:0pt;word-break:break-word;-ms-text-si=
ze-adjust: 100%;-webkit-text-size-adjust: 100%;" width=3D"100%">
=09  =09
            <tbody><tr><td class=3D"paddingcomp" style=3D"border-collapse:c=
ollapse; mso-table-lspace:0pt; mso-table-rspace:0pt;border:0px;padding:7px =
15px;font-size:12pt;font-family:Arial,Helvetica;line-height:19pt;border-top=
:0px none ;   border-bottom:0px none ;padding-top:7px;padding-bottom:7px;pa=
dding-right:15px;padding-left:15px;">
             =09    =09=09<div style><div><div id style=3D"outline: none;">=
<div id style=3D"outline: none;"><div id style=3D"outline: none;"><div comp=
onentbgcolor=3D"#ffffff" componentlineheight=3D"17pt" componentpaddingbotto=
m=3D"5px" componentpaddingleft=3D"30px" componentpaddingright=3D"30px" comp=
onentpaddingtop=3D"5px" id style=3D"background-color: rgb(255, 255, 255); o=
utline: none;"><p style=3D"font-family:Arial,verdana;font-size:12px; color:=
#000000;padding:0px;margin: 0;line-height: 17pt;"><span style=3D"line-heigh=
t: 17pt;"><font style=3D"font-size: 12pt;">

</font></span></p><p style=3D"line-height:1.7;font-family:Arial,verdana;fon=
t-size:12px; color:#000000;padding:0px;margin: 0px; padding: 0px; box-sizin=
g: border-box; font-style: normal; font-variant-ligatures: normal; font-var=
iant-caps: normal; font-weight: 400; orphans: 2; text-align: left; text-ind=
ent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacin=
g: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255=
); line-height: 17pt;"><span style=3D"line-height: 17pt;"><font color=3D"#4=
c4c4c" face=3D"Arial, Helvetica" style=3D"line-height: 17pt; font-size: 12p=
t;"><span style=3D"line-height: 17pt;"></span></font></span></p><font style=
=3D"font-size: 12pt;"><span style=3D"line-height: 17pt;"><p style=3D"line-h=
eight:1.7;font-family:Arial,verdana;font-size:12px; color:#000000;padding:0=
px;margin: 0;text-align: left; line-height: 17pt;"><span style=3D"font-fami=
ly: Arial, Helvetica; line-height: 17pt;"><b><font style=3D"line-height: 17=
pt;"></font></b></span></p><span><p align=3D"left" style=3D"font-family:Ari=
al,verdana;font-size:12px; color:#000000;padding:0px;margin: 0;line-height:=
 19pt; text-align: left;"><font color=3D"#333333" face=3D"Arial, Helvetica"=
 style=3D"color: rgb(51, 51, 51);"><b><font></font></b></font></p><p align=
=3D"left" style=3D"font-family:Arial,verdana;font-size:12px; color:#000000;=
padding:0px;margin: 0;line-height: 19pt; text-align: left;"><font face=3D"A=
rial, Helvetica" style><span style=3D"color: rgb(51, 51, 51);"></span><span=
><span></span></span></font></p></span><span><p style=3D"font-family:Arial,=
verdana;font-size:12px; color:#000000;padding:0px;margin: 0;line-height: 19=
pt; text-align: left;"><span style=3D"color: rgb(51, 51, 51); font-family: =
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<font color=3D"#2828da" style><u><a alt=3D"StaalX" href=3D"https://qprdy-zg=
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target=3D"_blank" title=3D"StaalX" zcurl_name=3D"l_12"><font color=3D"#0000=
00" style=3D"color:#000000;"></font></a></u></font>

<p style=3D"font-family:Arial,verdana;font-size:12px; color:#000000;padding=
:0px;margin: 0;line-height: 19pt; text-align: left;"><font color=3D"#333333=
" face=3D"Arial, Helvetica" style=3D"color: rgb(51, 51, 51);"><font><font><=
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<font style><u><a href=3D"https://qprdy-zgpvh.maillist-manage.net/click/1c0=
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" zcurl_name=3D"l_13"><font color=3D"#000000" style=3D"color:#000000;"></fo=
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f; color:#000000;color:#000000; font-weight:normal;font-family:Arial,verdan=
a,Helvetica, sans-serif; color:#000000;font-size: 22px;"><font style><span>=
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<p style=3D"font-family:Arial,verdana;font-size:12px; color:#000000;padding=
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elvetica" style><b style><font style></font></b></font></p><font style>

</font><p style=3D"font-family:Arial,verdana;font-size:12px; color:#000000;=
padding:0px;margin: 0;line-height: 19pt; text-align: left;"><font face=3D"A=
rial, Helvetica" style></font></p><span><font style>

</font><p style=3D"font-family:Arial,verdana;font-size:12px; color:#000000;=
padding:0px;margin: 0;line-height: 19pt; text-align: left;"><font face=3D"A=
rial, Helvetica" style><b style><font style></font></b></font></p><span><fo=
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<span>

<font><u><a href=3D"https://qprdy-zgpvh.maillist-manage.net/click/1c08f772a=
3bdde14/1c08f772a3bdb0c9" rel=3D"noopener noreferrer" style=3D"text-decorat=
ion:underline;" target=3D"_blank" title=3D"StaalX" zcurl_name=3D"l_14"><fon=
t></font></a></u></font><span>

<p style=3D"font-family:Arial,verdana;font-size:12px; color:#000000;padding=
:0px;margin: 0;line-height: 19pt; text-align: left;"><font face=3D"Arial, H=
elvetica" style><font style><font style><font style><b style></b></font></f=
ont></font></font></p><span>

<p style=3D"font-family:Arial,verdana;font-size:12px; color:#000000;padding=
:0px;margin: 0;line-height: 19pt; text-align: left;"><font face=3D"Arial, H=
elvetica" style><font style><span>

</span></font></font></p><p style=3D"font-family:Arial,verdana;font-size:12=
px; color:#000000;padding:0px;margin: 0;line-height: 19pt; text-align: left=
;"><font face=3D"Arial, Helvetica" style><font style><font face=3D"Arial, H=
elvetica" style><font style></font></font></font></font></p></span></span><=
/span></font></span></span><span></span></font></div><span><p style=3D"font=
-family:Arial,verdana;font-size:12px; color:#000000;padding:0px;margin: 0;l=
ine-height: 17pt; text-align: left;"><font color=3D"#000000" face=3D"Arial,=
 Helvetica" style=3D"font-size: 12pt;color:#000000;"></font></p><span><p st=
yle=3D"font-family:Arial,verdana;font-size:12px; color:#000000;padding:0px;=
margin: 0;line-height: 17pt; text-align: left;"><font color=3D"#000000" fac=
e=3D"Arial, Helvetica" style=3D"font-size: 12pt;color:#000000;"></font></p>=
</span></span><span><font style=3D"font-size: 12pt;">At StaalX, we simplify=
 your steel procurement process with our user-friendly platform. Get instan=
t quotes tailored to your needs and location. Choose from various sizes, le=
ngths, grades, and origins to find the perfect match for your project. Ente=
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sp;</font></span></div><div id style=3D"outline: none;"><span><font style=
=3D"font-size: 12pt;"><br></font></span></div><div id style=3D"outline: non=
e;"><font style=3D"font-size: 12pt;">Experience the precision and convenien=
ce of <a alt=3D"StaalX.com" href=3D"https://qprdy-zgpvh.maillist-manage.net=
/click/1c08f772a3bdde14/1c08f772a3bdb0cb" rel=3D"noopener noreferrer" style=
=3D"text-decoration:underline;color: rgb(0, 108, 251);" target=3D"_blank" t=
itle=3D"StaalX.com" zcurl_name=3D"l_15"><font color=3D"#006cfb" style=3D"co=
lor:#006cfb;">StaalX.com</font></a>, where quality, affordability, and time=
ly delivery are our priorities. Don't buy your bars before checking out Sta=
alX instant quotes!</font></div></div></div></div></div>
=09=09=09</td></tr>
=09=09</tbody></table>
       =09  </div>
</td></tr>
<tr><td class=3D"txtsize" id=3D"elm_1716993018983" style=3D" mso-table-lspa=
ce:0pt; font-size:12px;font-family:Arial, Helvetica, sans-serif; mso-table-=
rspace:0pt;font-size:12px;border:0px;padding:0px 0px;border-collapse:collap=
se;" valign=3D"top">

=09=09=09
=09=09 =09       =20
=09=09           =20
=09=09 =20



















=09<table bgcolor=3D"transparent" cellpadding=3D"0" cellspacing=3D"0" style=
=3D" mso-table-lspace:0pt; mso-table-rspace:0pt;font-size:12px;border:0px;b=
order-collapse:collapse; mso-table-lspace:0pt; mso-table-rspace:0pt;border:=
none;" width=3D"100%">
        <tbody><tr><td class=3D"paddingcomp" style=3D"border-collapse:colla=
pse; mso-table-lspace:0pt; font-size:12px;font-family:Arial, Helvetica, san=
s-serif; mso-table-rspace:0pt;font-size:12px;border:0px;padding:7px 15px;bo=
rder-top:none none none;border-bottom:none none none;padding-top:7px;paddin=
g-bottom:7px;padding-right:15px;padding-left:15px;">
        <div class=3D"zpelement-wrapper buttonElem" id=3D"elm_1716993018983=
" style=3D"overflow:hidden;word-wrap:break-word;">
=09    <div class=3D"zpAlignPos" style=3D"text-align:center;">
                <table align=3D"center" cellpadding=3D"0" cellspacing=3D"0"=
 style=3D" mso-table-lspace:0pt; mso-table-rspace:0pt;font-size:12px;border=
:none;padding:0px;border:0px;margin:0px auto;border-collapse:separate; mso-=
table-lspace:0pt; mso-table-rspace:0pt;">
                <tbody><tr>
                   <td align=3D"center" class=3D"txtsize" style=3D"border-c=
ollapse:collapse; mso-table-lspace:0pt; font-size:12px; mso-table-rspace:0p=
t;font-size:12px;border:0px;padding:0px;color:#ffffff;font-family:Arial;tex=
t-align:center;border-radius:4px;text-align:center;cursor:pointer;">
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=09=09=09=09=09          <v:roundrect xmlns:v=3D"urn:schemas-microsoft-com:=
vml" xmlns:w=3D"urn:schemas-microsoft-com:office:office" href=3D"https://qp=
rdy-zgpvh.maillist-manage.net/click/1c08f772a3bdde14/1c08f772a3bdb0b1" styl=
e=3D"border-radius:4px;height:40px;v-text-anchor:middle;width:220px;" arcsi=
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=09=09=09=09=09            <w:anchorlock/>
=09=09=09=09=09            <center style=3D"direction:ltr;color:#ffffff;fon=
t-family:Arial;font-size:12pt;">Go to StaalX.com</center>
=09=09=09=09=09          </v:roundrect>
        =09=09=09=09<![endif]-->
                        <a align=3D"center" href=3D"https://qprdy-zgpvh.mai=
llist-manage.net/click/1c08f772a3bdde14/1c08f772a3bdb0cd" style=3D"padding:=
0px 0px;background-color:#2fbbb0;width:220px;height:40px;font-size:12pt;dir=
ection:ltr;font-family:Arial;color:#ffffff;cursor:pointer;text-decoration:n=
one;border-radius:4px;border:0px solid #ffffff;border-collapse:separate;dis=
play:table;mso-hide:all;text-align:center;" target=3D"_blank" zcurl_name=3D=
"l_16">
=09=09=09=09=09=09=09<font style=3D"color:#ffffff;display:table-cell;vertic=
al-align:middle;">
                     =09=09   Go to StaalX.com
=09=09=09=09=09=09=09</font>
                        </a>
                    </td>
                </tr>
                </tbody></table>
            </div>
=09</div>
=09</td></tr></tbody></table>
</td></tr>
<tr><td class=3D"txtsize" id=3D"elm_1707928128766" style=3D" mso-table-lspa=
ce:0pt; font-size:12px;font-family:Arial, Helvetica, sans-serif; mso-table-=
rspace:0pt;font-size:12px;border:0px;padding:0px 0px;border-collapse:collap=
se;" valign=3D"top">

=09=09
=09=09=09 <div class=3D"zpelement-wrapper divider" id=3D"elm_1707928128766"=
 style=3D";word-wrap:break-word;overflow:hidden;background-color:;">
=09=09=09 <table bgcolor border=3D"0" cellpadding=3D"0" cellspacing=3D"0" c=
lass=3D"zpAlignPos" style=3D" mso-table-lspace:0pt; mso-table-rspace:0pt;pa=
dding:0px;border:0px;border-collapse:collapse; mso-table-lspace:0pt;font-si=
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0%;-webkit-text-size-adjust: 100%;background-color:;" width=3D"100%">
=09=09=09 <tbody><tr><td class=3D"txtsize" style=3D" mso-table-lspace:0pt; =
font-size:12px;font-family:Arial, Helvetica, sans-serif; mso-table-rspace:0=
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=09=09=09=09=09<div class=3D"divider" componentborder=3D"#9babab" style=3D"=
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s-serif; mso-table-rspace:0pt;font-size:12px;border:0px;padding:7px;border-=
style: dotted none none; border-color: rgb(155, 171, 171); font-size: 0px; =
margin: 0px; padding: 0px; width: 100%; border-top-width: 1px;" width=3D"10=
0%">       </td> </tr></tbody></table></div>
=09=09=09</td></tr></tbody></table>
=09=09=09</div>
</td></tr>
<tr><td class=3D"txtsize" id=3D"elm_1651460085610" style=3D" mso-table-lspa=
ce:0pt; font-size:12px;font-family:Arial, Helvetica, sans-serif; mso-table-=
rspace:0pt;font-size:12px;border:0px;padding:0px 0px;border-collapse:collap=
se;" valign=3D"top">

=09    =09<table bgcolor=3D"transparent" border=3D"0" cellpadding=3D"0" cel=
lspacing=3D"0" style=3D" mso-table-lspace:0pt; mso-table-rspace:0pt;font-si=
ze:12px;border:0px;padding:0px;width:100%;border-collapse:collapse; mso-tab=
le-lspace:0pt; mso-table-rspace:0pt;word-break:break-word;background-color:=
transparent;">
=09    <tbody><tr>
=09=09<td class=3D"txtsize" style=3D"border-collapse:collapse; mso-table-ls=
pace:0pt; font-size:12px;font-family:Arial, Helvetica, sans-serif; mso-tabl=
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#ffffff ;border-bottom:0px none #ffffff;">
            =09<div class=3D"zpelement-wrapper image" coupcmp id=3D"elm_165=
1460085610" prodcmp style=3D";word-wrap:break-word;overflow:hidden;padding:=
0px;background-color:transparent;">
=09=09=09<div>
=09=09        <table align=3D"left" border=3D"0" cellpadding=3D"0" cellspac=
ing=3D"0" class=3D"zpAlignPos" style=3D" mso-table-lspace:0pt; mso-table-rs=
pace:0pt;font-size:12px;text-align:left;width:100%;padding:0px;border:0px;b=
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eak:break-word;width:100%;text-align:left;">
            =09=09<tbody><tr><td class=3D"paddingcomp" style=3D"border-coll=
apse:collapse; mso-table-lspace:0pt; font-size:12px;font-family:Arial, Helv=
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px 15px;text-align:center;padding-top:0px;padding-bottom:0px;padding-right:=
0px;padding-left:0px;">
=09=09=09<a href=3D"https://qprdy-zgpvh.maillist-manage.net/click/1c08f772a=
3bdde14/1c08f772a3bdb0cf" style=3D"text-decoration:underline;border:0px;" t=
arget=3D"_blank" zcurl_name=3D"l_17">
=09=09=09<img align=3D"left" alt=3D"https://campaign-image.com/zohocampaign=
s/867215000001006004_zc_v37_1651462575366_so_logo.png" class=3D"zpImage" he=
ight=3D"auto" hspace=3D"0" size=3D"F" src=3D"https://stratus.campaign-image=
.com/images/835649227/inkcanva_867215000011391383.png" style=3D"width:600px=
;height:autopx;max-width:600px !important;border:0px;text-align:left;" vspa=
ce=3D"0" width=3D"600">
=09=09=09</a>
=09=09=09</td></tr>
=09=09=09</tbody></table>
=09=09</div>
            </div>
            </td></tr></tbody></table>
</td></tr>
<tr><td class=3D"txtsize" id=3D"elm_1651460503351" style=3D" mso-table-lspa=
ce:0pt; font-size:12px;font-family:Arial, Helvetica, sans-serif; mso-table-=
rspace:0pt;font-size:12px;border:0px;padding:0px 0px;border-collapse:collap=
se;" valign=3D"top">

          <div class=3D"zpelement-wrapper" id=3D"elm_1651460503351" style=
=3D";word-wrap:break-word;overflow:hidden;padding-right:0px;background-colo=
r:;">
=09    =09<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" class=3D"=
zpAlignPos" style=3D" mso-table-lspace:0pt; mso-table-rspace:0pt;font-size:=
12px;padding:0px;border:0px;border-collapse:collapse; mso-table-lspace:0pt;=
 mso-table-rspace:0pt;word-break:break-word;-ms-text-size-adjust: 100%;-web=
kit-text-size-adjust: 100%;" width=3D"100%">
=09  =09
            <tbody><tr><td class=3D"paddingcomp" style=3D"border-collapse:c=
ollapse; mso-table-lspace:0pt; mso-table-rspace:0pt;border:0px;padding:7px =
15px;font-size:12pt;font-family:Arial,Helvetica;line-height:25pt;border-top=
:0px none ;   border-bottom:0px none ;padding-top:10px;padding-bottom:5px;p=
adding-right:15px;padding-left:15px;">
             =09    =09=09<div componentlineheight=3D"25pt" componentpaddin=
gbottom=3D"5px" componentpaddingleft=3D"15px" componentpaddingright=3D"15px=
" componentpaddingtop=3D"10px" style><p align=3D"left" style=3D"font-family=
:Arial,verdana;font-size:12px; color:#000000;padding:0px;margin: 0;line-hei=
ght: 25pt; text-align: left;"><b style=3D"font-family: Arial, Helvetica; ba=
ckground-color: transparent;"><font style=3D"font-size: 14pt;">From our con=
tent partner, SteelOrbis</font></b><br></p></div>
=09=09=09</td></tr>
=09=09</tbody></table>
       =09  </div>
</td></tr>
<tr><td class=3D"txtsize" id=3D"elm_1715204336913" style=3D" mso-table-lspa=
ce:0pt; font-size:12px;font-family:Arial, Helvetica, sans-serif; mso-table-=
rspace:0pt;font-size:12px;border:0px;padding:0px 0px;border-collapse:collap=
se;" valign=3D"top">

          <div class=3D"zpelement-wrapper" id=3D"elm_1715204336913" style=
=3D";word-wrap:break-word;overflow:hidden;padding-right:0px;background-colo=
r:;">
=09    =09<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" class=3D"=
zpAlignPos" style=3D" mso-table-lspace:0pt; mso-table-rspace:0pt;font-size:=
12px;padding:0px;border:0px;border-collapse:collapse; mso-table-lspace:0pt;=
 mso-table-rspace:0pt;word-break:break-word;-ms-text-size-adjust: 100%;-web=
kit-text-size-adjust: 100%;" width=3D"100%">
=09  =09
            <tbody><tr><td class=3D"paddingcomp" style=3D"border-collapse:c=
ollapse; mso-table-lspace:0pt; mso-table-rspace:0pt;border:0px;padding:7px =
15px;font-size:12pt;font-family:Arial,Helvetica;line-height:19pt;border-top=
:0px none ;   border-bottom:0px none ;padding-top:7px;padding-bottom:7px;pa=
dding-right:15px;padding-left:15px;">
             =09    =09=09<div style><div id style=3D"outline: none;"><div>=
</div><div></div><div><font style=3D"font-size: 12pt;"><span></span></font>=
</div><span><font style=3D"font-size: 12pt;"><b></b></font></span></div><sp=
an><font style><b></b></font></span><span><b><font style=3D"font-size: 12pt=
;">US June Scrap Prices Seen Sideways to Lower on Low Steel Demand, Reduced=
 Imports
</font></b></span><div><span><font style=3D"font-size: 12pt;"><br></font></=
span></div><div><span><font color=3D"#646464" style=3D"font-size: 12pt;"><i=
>Friday, 24 May 2024 19:53:05 (GMT+3) San Diego&nbsp;</i></font></span></di=
v><div><span><font style=3D"font-size: 12pt;"><br></font></span></div><div>=
<span><font style=3D"font-size: 12pt;">US scrap markets for June are now se=
en sideways to $10-$20/nt ($11-$22/mt) lower compared with May scrap settle=
s, as slack domestic steel demand continues, even as monthly steel scrap im=
ports into the US from the world showed a monthly decline, industry data sh=
ows.&nbsp;</font></span></div><div><span><font style=3D"font-size: 12pt;"><=
br></font></span></div><div><span><font style=3D"font-size: 12pt;">This wee=
k's June buy cycle market call differs from this past week when the expecta=
tion for June was for prices to settle sideways to May, market insiders tol=
d SteelOrbis.&nbsp;</font></span></div><div><span><font style=3D"font-size:=
 12pt;"><br></font></span></div><div><span><font style=3D"font-size: 12pt;"=
>&quot;Overall, US Midwest (spot market) scrap is flat to down from prices =
seen in early May,&quot; a scrap trader told SteelOrbis. &quot;We're seeing=
 slack (steel) demand and very plentiful supply,&quot; he continued, &quot;=
For June, the outlook we're now hearing is that people are leaning sideways=
 to lower.&quot;&nbsp;</font></span></div><div><span><font style=3D"font-si=
ze: 12pt;"><br></font></span></div><div><span><font style=3D"font-size: 12p=
t;">Insiders say that the combination of continued scant domestic US steel =
demand and flat to lower US finished steel prices are making the movement o=
f imported scrap from the world oftentimes noncompetitive.&nbsp;</font></sp=
an></div><div><span style=3D"background-color: transparent;"><font style=3D=
"font-size: 12pt;"><br></font></span></div><div><span style=3D"background-c=
olor: transparent;"><font style=3D"font-size: 12pt;">According to the Inter=
national Trade Administration, imports of steel scrap into the US from the =
world at the end of March 2024, (the nearest month for which data was curre=
ntly available), was down 8.3% to 1,204,671 mt from 1,314,121 mt at the end=
 of the equivalent month in 2023. To be fair, yearly comparisons were bette=
r, with end-2023 scrap imports posting at 5, 125,399 mt, 7.84% higher than =
end-2022 4,753,548 mt
levels.&nbsp;</font></span></div><div><span style=3D"background-color: tran=
sparent;"><font style=3D"font-size: 12pt;"><br></font></span></div><div><sp=
an style=3D"background-color: transparent;"><font style=3D"font-size: 12pt;=
">While the year-on-year scrap import comparisons were up, market insiders =
caution yearly comparison data was recorded at a time when US steel prices =
were considerably higher and the movement of international scrap shipments =
more competitive on a delivered price basis.&nbsp;</font></span></div><div>=
<span style=3D"background-color: transparent;"><font style=3D"font-size: 12=
pt;"><br></font></span></div><div><span style=3D"background-color: transpar=
ent;"><font style=3D"font-size: 12pt;">The move from a flat-to-May to a sid=
eways-to-lower June scrap call also comes despite the first weekly price in=
crease from steel producer Nucor since the beginning of April. The steel ma=
ker increased its Consumer Spot Price (CSP) for hot-rolled coils from $760/=
nt ($838/mt) to $770/nt ($849/mt), a 1.3% weekly increase.&nbsp;</font></sp=
an></div><div><span style=3D"background-color: transparent;"><font style=3D=
"font-size: 12pt;"><br></font></span></div><div><span style=3D"background-c=
olor: transparent;"><font style=3D"font-size: 12pt;">Because the price incr=
ease comes at a time when spot market HRC price levels continue flat to dow=
n, SteelOrbis market insiders caution the move likely was an
attempt by the steel maker to establish a price floor to prevent further HR=
C price
declines. &quot;The lower scrap values that we're seeing doesn't bode well =
for the price
increase at Nucor,&quot; a contact told SteelOrbis following Monday's CSP p=
rice increase.
&quot;The market overall is still flat with most prices unchanged to down.&=
quot;&nbsp;</font></span></div><div><span style=3D"background-color: transp=
arent;"><font style=3D"font-size: 12pt;"><br></font></span></div><div><span=
 style=3D"background-color: transparent;"><font style=3D"font-size: 12pt;">=
With lower scrap values largely determining the value of finished steel, St=
eelOrbis
market contacts expect little in the way of substantial price increases in =
the near future.
US Domestic containerized shredded scrap declined $10/nt ($11/mt) this week=
 to
$390/nt ($430/mt), market insiders told SteelOrbis, while other grades were=
 largely flat
to week-earlier levels.</font></span><br></div><div><div id style=3D"outlin=
e: none;"><div><font style><br><hr noshade size=3D"1" style=3D"border-top:1=
px solid #E3DFCB;font-size: 12pt;"><p style=3D"margin: 0;padding: 0px;font-=
family:Arial, Helvetica, sans-serif; color:#000000;line-height:1.7;font-fam=
ily:Arial,verdana;font-size:12px;padding:0px;"><font style=3D"font-size: 12=
pt;"><span><b><span><span><br></span></span></b></span></font></p><p style=
=3D"margin: 0;padding: 0px;font-family:Arial, Helvetica, sans-serif; color:=
#000000;line-height:1.7;font-family:Arial,verdana;font-size:12px;padding:0p=
x;"><font style=3D"font-size: 12pt;"><span><b><span><span></span></span></b=
></span></font></p><span><font style=3D"font-size: 12pt;"><b></b></font></s=
pan></font></div><span><font style=3D"font-size: 12pt;"><b></b></font></spa=
n></div><span><font style=3D"font-size: 12pt;"><b></b></font></span></div><=
span><b><font style=3D"font-size: 12pt;">US Rebar Prices Flat to Higher Ami=
d Price Uncertainty and Scant Demand
</font></b></span><div><span><font style=3D"font-size: 12pt;"><br></font></=
span></div><div><span><font color=3D"#646464" style=3D"font-size: 12pt;"><i=
>Thursday, 23 May 2024 21:00:25 (GMT+3)
San Diego&nbsp;</i></font></span></div><div><span><font style=3D"font-size:=
 12pt;"><br></font></span></div><div><span><font style=3D"font-size: 12pt;"=
>US domestic rebar prices were reported &quot;largely stable to higher&quot=
; this week even as low local demand continued and cheaper imports were not=
 expected to displace &quot;aggressive &quot;domestic steel mill pricing sc=
hemes aimed at maintaining cash flows and market share, market insiders tol=
d SteelOrbis this week.&nbsp;</font></span></div><div><span><font style=3D"=
font-size: 12pt;"><br></font></span></div><div><span><font style=3D"font-si=
ze: 12pt;">Stable to slightly higher end-week pricing follows this past wee=
k, when talk of low continued mid-month demand and the lack of a spring &qu=
ot;construction season&quot; dominated conversations, prompting some spot m=
arket values, especially the US East Coast, to move sharply lower on the we=
ek.
Midwest domestic rebar spot prices are assessed $1.00 cwt ($22.05/mt of $20=
.00/nt) higher at $40.00-$41.00 cwt ex-mill ($882 to $904/mt or $800-$820/n=
t) against previous assessments at $38.00-$41.00 cwt ($838-$904/mt or $760-=
$820/nt). Following last week's nearly 11% price slump on the US East Coast=
, this week's price increase represents the first price reversal in two wee=
ks, when prices averaged $42.50-$43.50 cwt. ($937-$959/mt or $850-$870/nt) =
ex-mill.&nbsp;</font></span></div><div><span><font style=3D"font-size: 12pt=
;"><br></font></span></div><div><span><font style=3D"font-size: 12pt;">&quo=
t;Domestic rebar values are largely stable to numbers we saw this past week=
,&quot; said one Midwest rebar market insider. &quot;There's still not a lo=
t of imports coming into the US Gulf because of low domestic pricing, thoug=
h those that can buy substantial amounts are buying imports at $37.00-$38.0=
0 cwt ($816-$838/mt or $740-$760/nt) to keep themselves active.&quot;&nbsp;=
</font></span></div><div><span><font style=3D"font-size: 12pt;"><br></font>=
</span></div><div><span><font style=3D"font-size: 12pt;">&quot;Rebar prices=
 remain stable with uncertainty into the future,&quot; said another US Gulf=
 Coast-based steel market insider commenting on his view of &quot;scant&quo=
t; weekly trade. &quot;We're hearing now that June (shredded) scrap is expe=
cted to come in sideways to $10-$20/mt lower.&quot;&nbsp;</font></span></di=
v><div><span><font style=3D"font-size: 12pt;"><br></font></span></div><div>=
<span><font style=3D"font-size: 12pt;">At last report, US East Coast rebar =
pricing regained all of the previous week's decline, posting a $2.00 cwt in=
crease ($44.00/mt or $40/nt) to $39.00-$41.00 cwt ($860-$904/mt or $780-$82=
0/nt) versus previous assessments at $36.00-$40.00 cwt ($794-$882/mt or $72=
0-$800/nt). Imports are discussed US East Coast at $37.00-$38.00 cwt loaded=
 truck.&nbsp;</font></span></div><div><span><font style=3D"font-size: 12pt;=
"><br></font></span></div><div><span><font style=3D"font-size: 12pt;">In Ho=
uston, contacts say rebar exports from Mexico remain a non-starter from a s=
upply standpoint, as local Mexican mills wait for lower local steel pricing=
 to develop to avoid potential anti-dumping allegations from the US. Pricin=
g in the local Houston market remains flat to a week ago at an average $40.=
50 cwt ($893/mt or $810/nt), market insiders said.&nbsp;</font></span></div=
><div><span><font style=3D"font-size: 12pt;"><br></font></span></div><div><=
span><font style=3D"font-size: 12pt;">Looking at other long products, in th=
e wide flange beams market, insiders commented
that mills have been &quot;very aggressive &quot;on pricing though values r=
emained stable from
previous levels at $47.50 cwt ($1,047/mt or $950/nt). Overseas pricing is d=
iscussed in
the &quot;high-40s&quot; market insiders said.&nbsp;</font></span></div><di=
v><span><font style=3D"font-size: 12pt;"><br></font></span></div><div><span=
><font style=3D"font-size: 12pt;">Merchant Bar Quality steel (MBQ) is discu=
ssed flat at $49.00-$51.00 cwt. ($1,080-$1,124/mt or $980-$1,020/nt) with i=
mports from Mexico and Canada meeting
contract requirements, insiders said.</font></span><br><div><div id style=
=3D"outline: none;"><div><div><span><font style><div style><span></span><p =
style=3D"margin: 0;padding: 0px;font-family:Arial, Helvetica, sans-serif; c=
olor:#000000;line-height:1.7;font-family:Arial,verdana;font-size:12px;paddi=
ng:0px;"><font style=3D"font-size: 12pt;"></font></p></div></font></span></=
div></div></div></div></div></div>
=09=09=09</td></tr>
=09=09</tbody></table>
       =09  </div>
</td></tr>
<tr><td class=3D"txtsize" id=3D"elm_1684339272194" style=3D" mso-table-lspa=
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=09=09
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padding:0px;margin: 0;line-height: 19pt; text-align: left;"><font face=3D"A=
rial, Helvetica" style></font></p><span><font style>

</font><p style=3D"font-family:Arial,verdana;font-size:12px; color:#000000;=
padding:0px;margin: 0;line-height: 19pt; text-align: left;"><font face=3D"A=
rial, Helvetica" style><b style><font style></font></b></font></p><span><fo=
nt style>

<span>

<font><u><a href=3D"https://qprdy-zgpvh.maillist-manage.net/click/1c08f772a=
3bdde14/1c08f772a3bdb0d5" rel=3D"noopener noreferrer" style=3D"text-decorat=
ion:underline;" target=3D"_blank" title=3D"StaalX" zcurl_name=3D"l_20"><fon=
t></font></a></u></font><span>

<p style=3D"font-family:Arial,verdana;font-size:12px; color:#000000;padding=
:0px;margin: 0;line-height: 19pt; text-align: left;"><font face=3D"Arial, H=
elvetica" style><font style><font style><font style><b style></b></font></f=
ont></font></font></p><span>

<p style=3D"font-family:Arial,verdana;font-size:12px; color:#000000;padding=
:0px;margin: 0;line-height: 19pt; text-align: left;"><font face=3D"Arial, H=
elvetica" style><font style><span>

</span></font></font></p><p style=3D"font-family:Arial,verdana;font-size:12=
px; color:#000000;padding:0px;margin: 0;line-height: 19pt; text-align: left=
;"><font face=3D"Arial, Helvetica" style><font style><font face=3D"Arial, H=
elvetica" style><font style></font></font></font></font></p><span>

<span></span></span></span></span></span></font></span></span></font></div>=
<span><div align=3D"center" style=3D"text-align: center;"><span style=3D"fo=
nt-size: 12pt;">Check out the most frequently asked questions about the ser=
vice and products of StaalX. We are always here to chat with you in the cha=
t boxes from the site or on the support telephone number below.</span></div=
></span><div componentbgcolor=3D"#ffffff" componentlineheight=3D"17pt" comp=
onentpaddingbottom=3D"5px" componentpaddingleft=3D"30px" componentpaddingri=
ght=3D"30px" componentpaddingtop=3D"5px" id style=3D"background-color: rgb(=
255, 255, 255); outline: none;"><a alt=3D"support@staalx.com" href=3D"mailt=
o:support@staalx.com?subject=3D" style=3D"text-decoration:underline;color: =
rgb(40, 40, 218);" target=3D"_self" title=3D"support@staalx.com"><font colo=
r=3D"#2828da" style=3D"color:#2828da;"></font></a><b style=3D"font-size: 12=
pt;"></b></div></div></div></div>
=09=09=09</td></tr>
=09=09</tbody></table>
       =09  </div>
</td></tr>
<tr><td class=3D"txtsize" id=3D"elm_1657641547032" style=3D" mso-table-lspa=
ce:0pt; font-size:12px;font-family:Arial, Helvetica, sans-serif; mso-table-=
rspace:0pt;font-size:12px;border:0px;padding:0px 0px;border-collapse:collap=
se;" valign=3D"top">

=09=09=09
=09=09 =09       =20
=09=09           =20
=09=09 =20



















=09<table bgcolor=3D"transparent" cellpadding=3D"0" cellspacing=3D"0" style=
=3D" mso-table-lspace:0pt; mso-table-rspace:0pt;font-size:12px;border:0px;b=
order-collapse:collapse; mso-table-lspace:0pt; mso-table-rspace:0pt;border:=
none;" width=3D"100%">
        <tbody><tr><td class=3D"paddingcomp" style=3D"border-collapse:colla=
pse; mso-table-lspace:0pt; font-size:12px;font-family:Arial, Helvetica, san=
s-serif; mso-table-rspace:0pt;font-size:12px;border:0px;padding:7px 15px;bo=
rder-top:none none none;border-bottom:none none none;padding-top:7px;paddin=
g-bottom:7px;padding-right:15px;padding-left:15px;">
        <div class=3D"zpelement-wrapper buttonElem" id=3D"elm_1657641547032=
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                <table align=3D"center" cellpadding=3D"0" cellspacing=3D"0"=
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:none;padding:0px;border:0px;margin:0px auto;border-collapse:separate; mso-=
table-lspace:0pt; mso-table-rspace:0pt;">
                <tbody><tr>
                   <td align=3D"center" class=3D"txtsize" style=3D"border-c=
ollapse:collapse; mso-table-lspace:0pt; font-size:12px; mso-table-rspace:0p=
t;font-size:12px;border:0px;padding:0px;color:#ffffff;font-family:Arial;tex=
t-align:center;border-radius:4px;text-align:center;cursor:pointer;">
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=09=09=09=09=09          <v:roundrect xmlns:v=3D"urn:schemas-microsoft-com:=
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=09=09=09=09=09            <center style=3D"direction:ltr;color:#ffffff;fon=
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        =09=09=09=09<![endif]-->
                        <a align=3D"center" href=3D"https://qprdy-zgpvh.mai=
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"l_22">
=09=09=09=09=09=09=09<font style=3D"color:#ffffff;display:table-cell;vertic=
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                     =09=09   FAQs
=09=09=09=09=09=09=09</font>
                        </a>
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                </tr>
                </tbody></table>
            </div>
=09</div>
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</td></tr>
<tr><td class=3D"txtsize" id=3D"elm_1657641362463" style=3D" mso-table-lspa=
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se;" valign=3D"top">

=09=09
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=09=09=09 <tbody><tr><td class=3D"txtsize" style=3D" mso-table-lspace:0pt; =
font-size:12px;font-family:Arial, Helvetica, sans-serif; mso-table-rspace:0=
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apse;">
=09=09=09=09=09<div class=3D"divider" componentborder=3D"#9babab" style=3D"=
margin:0px;padding:0px;text-align:center;"><table align=3D"center" border=
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=3D"center" border-size=3D"1px" height=3D"0" style=3D"border-collapse:colla=
pse; mso-table-lspace:0pt; font-size:12px;font-family:Arial, Helvetica, san=
s-serif; mso-table-rspace:0pt;font-size:12px;border:0px;padding:7px;border-=
style: dotted none none; border-color: rgb(155, 171, 171); font-size: 0px; =
margin: 0px; padding: 0px; width: 100%; border-top-width: 1px;" width=3D"10=
0%">       </td> </tr></tbody></table></div>
=09=09=09</td></tr></tbody></table>
=09=09=09</div>
</td></tr>
<tr><td class=3D"txtsize" id=3D"elm_1614756675022" style=3D" mso-table-lspa=
ce:0pt; font-size:12px;font-family:Arial, Helvetica, sans-serif; mso-table-=
rspace:0pt;font-size:12px;border:0px;padding:0px 0px;border-collapse:collap=
se;" valign=3D"top">

          <div class=3D"zpelement-wrapper" id=3D"elm_1614756675022" style=
=3D";word-wrap:break-word;overflow:hidden;padding-right:0px;background-colo=
r:#ffffff;">
=09    =09<table bgcolor=3D"#ffffff" border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" class=3D"zpAlignPos" style=3D" mso-table-lspace:0pt; mso-table-r=
space:0pt;font-size:12px;padding:0px;border:0px;border-collapse:collapse; m=
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ze-adjust: 100%;-webkit-text-size-adjust: 100%;" width=3D"100%">
=09  =09
            <tbody><tr><td class=3D"paddingcomp" style=3D"border-collapse:c=
ollapse; mso-table-lspace:0pt; mso-table-rspace:0pt;border:0px;padding:7px =
15px;font-size:12pt;font-family:Arial,Helvetica;line-height:17pt;border-top=
:0px none ;   border-bottom:0px none ;padding-top:5px;padding-bottom:5px;pa=
dding-right:100px;padding-left:100px;">
             =09    =09=09<div componentbgcolor=3D"#ffffff" componentlinehe=
ight=3D"17pt" componentpaddingbottom=3D"5px" componentpaddingleft=3D"100px"=
 componentpaddingright=3D"100px" componentpaddingtop=3D"5px" style=3D"backg=
round-color: rgb(255, 255, 255);"><p align=3D"center" style=3D"line-height:=
1.7;font-family:Arial,verdana;font-size:12px; color:#000000;padding:0px;mar=
gin: 0;text-align: center; line-height: 17pt;"><font face=3D"Arial, Helveti=
ca" style=3D"line-height: 17pt; font-size: 14pt;"><b style>Contact us</b></=
font></p><p align=3D"center" style=3D"line-height:1.7;font-family:Arial,ver=
dana;font-size:12px; color:#000000;padding:0px;margin: 0;text-align: center=
; line-height: 17pt;"><font style=3D"line-height: 17pt; font-size: 12pt;"><=
b style><font color=3D"#006cfb" style><u style>support@staalx.com</u></font=
></b> or <b style>+1 (708) 697-3227</b></font></p><p align=3D"center" style=
=3D"line-height:1.7;font-family:Arial,verdana;font-size:12px; color:#000000=
;padding:0px;margin: 0;text-align: center; line-height: 17pt;"><font style=
=3D"font-size: 10pt; line-height: 17pt;"><b><br></b></font></p><p align=3D"=
center" style=3D"line-height:1.7;font-family:Arial,verdana;font-size:12px; =
color:#000000;padding:0px;margin: 0;text-align: center; line-height: 17pt;"=
><span style=3D"font-size: 10pt; color: rgb(68, 67, 67); font-family: Arial=
, Helvetica;">Follow StaalX on</span><br></p></div>
=09=09=09</td></tr>
=09=09</tbody></table>
       =09  </div>
</td></tr>
<tr><td class=3D"txtsize" id=3D"elm_1614756693700" style=3D" mso-table-lspa=
ce:0pt; font-size:12px;font-family:Arial, Helvetica, sans-serif; mso-table-=
rspace:0pt;font-size:12px;border:0px;padding:0px 0px;border-collapse:collap=
se;" valign=3D"top">










=09                <div class=3D"zpelement-wrapper wdgts" id=3D"elm_1614756=
693700" style=3D"overflow:hidden;word-wrap:break-word;">
=09=09=09=09=09=09<table bgcolor border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" class=3D"zpAlignPos" style=3D" mso-table-lspace:0pt; mso-table-rspac=
e:0pt;padding:0px;border:0px;border-collapse:collapse; mso-table-lspace:0pt=
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just: 100%;-webkit-text-size-adjust: 100%;  background-color:;" width=3D"10=
0%">
=09=09=09=09=09=09=09<tbody><tr><td style=3D"border-collapse:collapse; mso-=
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bottom:0px none ;padding-top:5px;padding-bottom:5px;padding-right:50px;padd=
ing-left:50px;">
=09=09=09=09=09=09=09=09<table align=3D"center" border=3D"0" cellpadding=3D=
"0" cellspacing=3D"0" componentpaddingbottom=3D"5px" componentpaddingleft=
=3D"50px" componentpaddingright=3D"50px" componentpaddingtop=3D"5px" style=
=3D"border-collapse:collapse;border-collapse:collapse; mso-table-lspace:0pt=
; mso-table-rspace:0pt;font-size:12px;min-width: 100%;border: none;" width=
=3D"100%"><tbody><tr><td align=3D"center" style=3D"border-collapse:collapse=
; mso-table-lspace:0pt; font-size:12px;font-family:Arial, Helvetica, sans-s=
erif; mso-table-rspace:0pt;font-size:12px;border: none;padding: 0px;margin:=
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<td align=3D"left" style=3D"border-collapse:collapse; mso-table-lspace:0pt;=
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er-collapse:collapse; mso-table-lspace:0pt; font-size:12px;font-family:Aria=
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llspacing=3D"0" style=3D" mso-table-lspace:0pt; mso-table-rspace:0pt;font-s=
ize:12px;border-collapse: collapse;border: none;" width><tbody><tr><td alig=
n=3D"center" name=3D"sclwdgtimges" style=3D"border-collapse:collapse; mso-t=
able-lspace:0pt; font-size:12px;font-family:Arial, Helvetica, sans-serif; m=
so-table-rspace:0pt;font-size:12px;border: none;padding: 0px;margin: 0px;pa=
dding-bottom: 6px;" valign=3D"middle"> <a href=3D"https://qprdy-zgpvh.maill=
ist-manage.net/click/1c08f772a3bdde14/1c08f772a3bdb0d9" style=3D"text-decor=
ation:underline;display: block;font-size: 1px;" target=3D"_blank" zcurl_nam=
e=3D"l_23"><img alt=3D"LinkedIn" height=3D"35" src=3D"https://stratus.campa=
ign-image.com/images/867215000014232004_1_1715205012151_zcsclwgtlin1.png" s=
tyle=3D"border: 0px; margin: 0px; outline: none; text-decoration: none; wid=
th: 40px; height: 40px;" vspace=3D"10" width=3D"35"></a> </td></tr><tr><td =
align=3D"center" name=3D"sclwdgtcaptns" style=3D"border-collapse:collapse; =
mso-table-lspace:0pt; font-size:12px;font-family:Arial, Helvetica, sans-ser=
if; mso-table-rspace:0pt;font-size:12px;border:none;padding: 0px;margin: 0p=
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on: none;" target=3D"_blank" zcurl_name=3D"l_24"><p fntname=3D"Arial" fntsz=
e=3D"10" style=3D"font-family:Arial,verdana;font-size:12px; color:#000000;p=
adding:0px;margin: 0;line-height: normal; font-family: Arial, Helvetica, sa=
ns-serif; color: rgb(27, 107, 189); font-size: 10pt;">LinkedIn</p></a> </td=
></tr></tbody></table></td></tr></tbody></table></td></tr></tbody></table><=
/td><td align=3D"left" style=3D"border-collapse:collapse; mso-table-lspace:=
0pt; font-size:12px;font-family:Arial, Helvetica, sans-serif; mso-table-rsp=
ace:0pt;font-size:12px;border:none;padding:0px;margin:0px;" valign=3D"top">=
<table align=3D"left" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" styl=
e=3D" mso-table-lspace:0pt; mso-table-rspace:0pt;font-size:12px;border-coll=
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pse; mso-table-lspace:0pt; font-size:12px;font-family:Arial, Helvetica, san=
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ble-lspace:0pt; font-size:12px;font-family:Arial, Helvetica, sans-serif; ms=
o-table-rspace:0pt;font-size:12px;padding:7px;padding-top: 0px;padding-righ=
t: 9px;padding-bottom: 0px;padding-left: 9px;border:none;" valign=3D"middle=
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pt;font-size:12px;border: none;padding: 0px;margin: 0px;padding-bottom: 6px=
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ick/1c08f772a3bdde14/1c08f772a3bdb0dd" style=3D"text-decoration:underline;d=
isplay: block;font-size: 1px;" target=3D"_blank" zcurl_name=3D"l_25"><img a=
lt=3D"Facebook" height=3D"35" src=3D"https://stratus.campaign-image.com/ima=
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40px;" vspace=3D"10" width=3D"35"></a> </td></tr><tr><td align=3D"center" n=
ame=3D"sclwdgtcaptns" style=3D"border-collapse:collapse; mso-table-lspace:0=
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ce:0pt;font-size:12px;border:none;padding: 0px;margin: 0px;" valign=3D"midd=
le"><a href=3D"https://qprdy-zgpvh.maillist-manage.net/click/1c08f772a3bdde=
14/1c08f772a3bdb0df" style=3D"display: block;font-size: 1px;font-weight: no=
rmal;line-height: normal;text-align: center;text-decoration: none;" target=
=3D"_blank" zcurl_name=3D"l_26"><p fntname=3D"Arial" fntsze=3D"10" style=3D=
"font-family:Arial,verdana;font-size:12px; color:#000000;padding:0px;margin=
: 0;line-height: normal; font-family: Arial, Helvetica, sans-serif; color: =
rgb(27, 107, 189); font-size: 10pt;">Facebook</p></a> </td></tr></tbody></t=
able></td></tr></tbody></table></td></tr></tbody></table></td><td align=3D"=
left" style=3D"border-collapse:collapse; mso-table-lspace:0pt; font-size:12=
px;font-family:Arial, Helvetica, sans-serif; mso-table-rspace:0pt;font-size=
:12px;border:none;padding:0px;margin:0px;" valign=3D"top"><table align=3D"l=
eft" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" style=3D" mso-table-l=
space:0pt; mso-table-rspace:0pt;font-size:12px;border-collapse: collapse;bo=
rder: none;"><tbody><tr><td style=3D"border-collapse:collapse; mso-table-ls=
pace:0pt; font-size:12px;font-family:Arial, Helvetica, sans-serif; mso-tabl=
e-rspace:0pt;font-size:12px;padding-right: 9px;padding-bottom: 9px;border:n=
one;padding: 0px;margin: 0px;" valign=3D"top"> <table border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" style=3D" mso-table-lspace:0pt; mso-table-rspac=
e:0pt;font-size:12px;border-collapse: separate;border: none;"><tbody><tr><t=
d align=3D"left" style=3D"border-collapse:collapse; mso-table-lspace:0pt; f=
ont-size:12px;font-family:Arial, Helvetica, sans-serif; mso-table-rspace:0p=
t;font-size:12px;padding:7px;padding-top: 0px;padding-right: 9px;padding-bo=
ttom: 0px;padding-left: 9px;border:none;" valign=3D"middle"> <table align=
=3D"left" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" style=3D" mso-ta=
ble-lspace:0pt; mso-table-rspace:0pt;font-size:12px;border-collapse: collap=
se;border: none;" width><tbody><tr><td align=3D"center" name=3D"sclwdgtimge=
s" style=3D"border-collapse:collapse; mso-table-lspace:0pt; font-size:12px;=
font-family:Arial, Helvetica, sans-serif; mso-table-rspace:0pt;font-size:12=
px;border: none;padding: 0px;margin: 0px;padding-bottom: 6px;" valign=3D"mi=
ddle"> <a href=3D"https://qprdy-zgpvh.maillist-manage.net/click/1c08f772a3b=
dde14/1c08f772a3bdb0e1" style=3D"text-decoration:underline;display: block;f=
ont-size: 1px;" target=3D"_blank" zcurl_name=3D"l_27"><img alt=3D"Instagram=
" height=3D"35" src=3D"https://stratus.campaign-image.com/images/8672150000=
14232004_3_1715205012402_zcsclwgtinsta1.png" style=3D"border: 0px; margin: =
0px; outline: none; text-decoration: none; width: 40px; height: 40px;" vspa=
ce=3D"10" width=3D"35"></a> </td></tr><tr><td align=3D"center" name=3D"sclw=
dgtcaptns" style=3D"border-collapse:collapse; mso-table-lspace:0pt; font-si=
ze:12px;font-family:Arial, Helvetica, sans-serif; mso-table-rspace:0pt;font=
-size:12px;border:none;padding: 0px;margin: 0px;" valign=3D"middle"><a href=
=3D"https://qprdy-zgpvh.maillist-manage.net/click/1c08f772a3bdde14/1c08f772=
a3bdb0e3" style=3D"display: block;font-size: 1px;font-weight: normal;line-h=
eight: normal;text-align: center;text-decoration: none;" target=3D"_blank" =
zcurl_name=3D"l_28"><p fntname=3D"Arial" fntsze=3D"10" style=3D"font-family=
:Arial,verdana;font-size:12px; color:#000000;padding:0px;margin: 0;line-hei=
ght: normal; font-family: Arial, Helvetica, sans-serif; color: rgb(27, 107,=
 189); font-size: 10pt;">Instagram</p></a> </td></tr></tbody></table></td><=
/tr></tbody></table></td></tr></tbody></table></td><td align=3D"left" style=
=3D"border-collapse:collapse; mso-table-lspace:0pt; font-size:12px;font-fam=
ily:Arial, Helvetica, sans-serif; mso-table-rspace:0pt;font-size:12px;borde=
r:none;padding:0px;margin:0px;" valign=3D"top"><table align=3D"left" border=
=3D"0" cellpadding=3D"0" cellspacing=3D"0" style=3D" mso-table-lspace:0pt; =
mso-table-rspace:0pt;font-size:12px;border-collapse: collapse;border: none;=
"><tbody><tr><td style=3D"border-collapse:collapse; mso-table-lspace:0pt; f=
ont-size:12px;font-family:Arial, Helvetica, sans-serif; mso-table-rspace:0p=
t;font-size:12px;padding-right: 9px;padding-bottom: 9px;border:none;padding=
: 0px;margin: 0px;" valign=3D"top"> <table border=3D"0" cellpadding=3D"0" c=
ellspacing=3D"0" style=3D" mso-table-lspace:0pt; mso-table-rspace:0pt;font-=
size:12px;border-collapse: separate;border: none;"><tbody><tr><td align=3D"=
left" style=3D"border-collapse:collapse; mso-table-lspace:0pt; font-size:12=
px;font-family:Arial, Helvetica, sans-serif; mso-table-rspace:0pt;font-size=
:12px;padding:7px;padding-top: 0px;padding-right: 9px;padding-bottom: 0px;p=
adding-left: 9px;border:none;" valign=3D"middle"> <table align=3D"left" bor=
der=3D"0" cellpadding=3D"0" cellspacing=3D"0" style=3D" mso-table-lspace:0p=
t; mso-table-rspace:0pt;font-size:12px;border-collapse: collapse;border: no=
ne;" width><tbody><tr><td align=3D"center" name=3D"sclwdgtimges" style=3D"b=
order-collapse:collapse; mso-table-lspace:0pt; font-size:12px;font-family:A=
rial, Helvetica, sans-serif; mso-table-rspace:0pt;font-size:12px;border: no=
ne;padding: 0px;margin: 0px;padding-bottom: 6px;" valign=3D"middle"> <a hre=
f=3D"https://qprdy-zgpvh.maillist-manage.net/click/1c08f772a3bdde14/1c08f77=
2a3bdb0e5" style=3D"text-decoration:underline;display: block;font-size: 1px=
;" target=3D"_blank" zcurl_name=3D"l_29"><img alt=3D"X" height=3D"35" src=
=3D"https://stratus.campaign-image.com/images/867215000014232004_4_17152050=
12513_zcsclwgttwt1.png" style=3D"border: 0px; margin: 0px; outline: none; t=
ext-decoration: none; width: 40px; height: 40px;" vspace=3D"10" width=3D"35=
"></a> </td></tr><tr><td align=3D"center" name=3D"sclwdgtcaptns" style=3D"b=
order-collapse:collapse; mso-table-lspace:0pt; font-size:12px;font-family:A=
rial, Helvetica, sans-serif; mso-table-rspace:0pt;font-size:12px;border:non=
e;padding: 0px;margin: 0px;" valign=3D"middle"><a href=3D"https://qprdy-zgp=
vh.maillist-manage.net/click/1c08f772a3bdde14/1c08f772a3bdb0e7" style=3D"di=
splay: block;font-size: 1px;font-weight: normal;line-height: normal;text-al=
ign: center;text-decoration: none;" target=3D"_blank" zcurl_name=3D"l_30"><=
p fntname=3D"Arial" fntsze=3D"10" style=3D"font-family:Arial,verdana;font-s=
ize:12px; color:#000000;padding:0px;margin: 0;line-height: normal; font-fam=
ily: Arial, Helvetica, sans-serif; color: rgb(27, 107, 189); font-size: 10p=
t;">X</p></a> </td></tr></tbody></table></td></tr></tbody></table></td></tr=
></tbody></table></td></tr></tbody></table></td></tr></tbody></table></td><=
/tr></tbody></table>=09
=09=09=09=09=09=09=09</td></tr>
=09=09=09            </tbody></table>=09
=09=09            </div>
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