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https://staalx.com

June 19, 2024 (Scroll down for Steelorbis news)

News from the Market

http://staalx.com

Spot Prices Soften Along With Scrap Prices

Imports Continue to Struggle to Compete

Scrap numbers were out this week with a $20/ton decrease on shredded grades=
. This one was expected for a few weeks now and it didn=E2=80=99t cause any=
 major surprise.

Although the long products have been still soft in terms of price and deman=
d, this decrease will not help the mills to recover any margins. Supply has=
 been plentiful and the domestic mills fight among themselves and primarily=
 with their USMCA neighbors.

Other imports that are subject to 25% tariff are mostly absent from the com=
petition, now the domestic prices have softened to a level the other import=
ers are barely competing.

The only wildcard in the supply chain is the Ukrainian melted, EU rolled pr=
oducts that are now tariff and quota free. The president renewed the privil=
ege in June so the imports of wire rods from Poland and Greece and rebars f=
rom Bulgaria and Greece can resume their shipments. The two major producers=
 are trying to keep their numbers slightly below the other imports to reap =
the most benefits of tariff savings so for the buyers, these imports are be=
tter priced but are not a bargain.

This week, spot prices of rebars and wire rods both softened $0.50 cwt to $=
1 cwt in the most competitive Gulf market.

Still, these decreases are pretty modest compared to flat rolled price decr=
eases that ranged from $3 cwt to $6 cwt depending on the product. Nucor=E2=
=80=99s published HRC price is now $36 cwt which is probably $3 or $4 cwt l=
ower than their rebar prices. Should the players in the long products marke=
t consider themselves lucky?

http://steelorbis.com

From our content partner, SteelOrbis

Nucor Consumer Spot Price Down $6/mt as US Finished Steel Prices Continue t=
o Slide

Monday, 17 June 2024 17:52:43 (GMT+3) San Diego

Nucor dropped its Consumer Spot Price (CSP), the price it charges its custo=
mers for hot rolled coils at all of its producing mills, by $5/nt ($6/mt) t=
o $715/nt ($788/mt) FOB mill, the steel maker said today in a weekly letter=
 to its customers.

This week's dip follows a more substantial decline announcement on June 10,=
 when the steel maker reduced its CSP by $60/nt ($66/mt), to $720/nt ($794/=
mt) FOB mill, a 7.69 percent week-on-week drop.

Flat-rolled market insiders said the recent Nucor CSP price declines could =
signal that HRC prices may be reaching a price floor. The current Nucor pri=
ce represents the lowest CSP on record since the weekly announcements began=
 in April.

Recent Nucor price declines come as flat steel prices continue to drop in U=
S spot markets amid slack US demand for finished steel products and falling=
 June scrap prices.

The most recent hot rolled coil prices are heard at $35-$36/cwt. ($700-$720=
/nt or $771-$794/mt), while US Midwest domestic busheling scrap settled dow=
n $40/gt ($39/mt) to $375/gt ($369/mt) for June versus May settled scrap va=
lues.

Although many market insiders contend it's early in the month to make a sol=
id July scrap call, several contacts reported a sideways-to-June expectatio=
n to SteelOrbis for July scrap values for domestic Midwest scrap. Early exp=
ectations for the US East Coast indicate a tighter scrap market, fueled by =
solid exports to Turkey and other European countries, could cause July scra=
p pricing to rise versus June settled values.

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

Sideways July US Domestic Scrap Pricing Call Overshadowed by Rising Export =
Scrap Demand

Friday, 14 June 2024 22:48:44 (GMT+3) San Diego

While several SteellOrbis contacts commented this week that it's "just too =
early to tell" about July scrap pricing, an early consensus seems to indica=
te a sideways trend for July domestic scrap, versus June settled values.

Sideways pricing to June would peg Ohio Valley busheling scrap at at $375/g=
t ($381/mt) delivered to customer location, P&S scrap at $355/gt ($361/mt) =
delivered, shredded at $380/gt ($386/mt) delivered to customer, and HMS#1 a=
t $320/gt ($325/mt) delivered to customer location. As finished steel prici=
ng faltered through May, June scrap pricing in the Ohio Valley settled over=
all $20-$40/gt ($20-$40/mt) less than May prices, SteelOrbis data shows.

"People are talking (about) July at the moment, but right now it's pretty m=
uch a crap shoot," said one Midwest scrap insider. "Whichever way July scra=
p goes, I don't think its going to move much from June price levels."
The bigger story is on the US East Coast, scrap insiders said, where June p=
ricing was only $20-$35/gt ($20-$36/mt) less on a delivered-to-customer bas=
is versus May, owing to solid export demand for more limited scrap inventor=
ies, contacts told SteelOrbis.

A sideways-to-June July scrap call pegs East Coast busheling at $335/gt ($3=
41/mt) delivered, P&S is expected to come in at $320/gt ($325/mt) delivered=
, unchanged from June levels, while shredded and HMS#1 are expected to come=
 in steady to June at $370/gt ($376/mt) and $290/gt (295/mt) delivered to c=
ustomer, respectively.

Despite solid monthly declines across the board in US local scrap pricing, =
US East Coast export scrap spot prices were solidly higher this week as exp=
orters scrambled to meet reported robust demand for July scrap from Turkey =
and other importing countries, scrap market insiders told SteelOrbis this w=
eek.

" The export market is much stronger in terms of demand than the domestic U=
S scrap market right now," said one SteelOrbis scrap market insider. "Turke=
y has a lot of demand, and the exporters know it, so their raising their pr=
ices."

Contacts say they expect about 25 deep sea cargoes from the US and the UK t=
o be booked by Turkey for July delivery. The total doesn't include deliveri=
es from Russia.

Philadelphia dock delivered P&S scrap pricing is reported at $300-$305/gt (=
$305-$310/mt), up from $260-$270/gt
($264-$274/mt) one week ago. The price rise for P&S scrap, represents a 15.=
4 percent weekly increase.

Despite rising P&S delivered dock pricing SteelOrbis contacts said East Coa=
st delivered dock shredded grades in New York and Philadelphia, currently p=
riced near $290/gt ($295/mt) could be "near a price bottom" as demand from =
exporters remains more limited.

"Many exporters have their own shredders now, so they won't buy already shr=
edded material because if they do, they loose out on the non-ferrous compon=
ent of the scrap," a contact said.

"The exporters are looking for the non-ferrous recovery to boost their marg=
ins," the scrap contact added. "So, they don't want to buy shredded scrap f=
rom other people, which is limiting the demand."

HMS#1 New York 80:20 dock delivered scrap is discussed at $270-$290/gt ($27=
5-$295/mt), little changed on the week. Contacts reported higher dock deliv=
ered HMS#I pricing of $290-$310/gt ($295-$315/mt) out of Camden, New Jersey=
.

Do you have any questions? Check out our FAQ!

Check out the most frequently asked questions about the service and product=
s of StaalX. We are always here to chat with you in the chat boxes from the=
 site or on the support telephone number below.

https://www.staalx.com/faqs FAQs

Contact us
support@staalx.com or +1 (708) 697-3227

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e-rspace:0pt;font-size:12px;border:0px;padding:0px 0px;border-top:0px none =
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g:0px;text-align:center;padding-top:0px;padding-bottom:0px;padding-right:0p=
x;padding-left:0px;">
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onentpaddingbottom=3D"0px" componentpaddingleft=3D"15px" componentpaddingri=
ght=3D"15px" componentpaddingtop=3D"0px" id style=3D"background-color: rgb(=
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size: 10pt;"><i style>June 19, 2024&nbsp;&nbsp;<font color=3D"#2828da" styl=
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0" face=3D"Arial, Helvetica" style=3D"color: rgb(0, 0, 0);"><font color=3D"=
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or=3D"#000000" face=3D"Arial, Helvetica" style=3D"color: rgb(0, 0, 0);"><fo=
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ght:17pt; text-align: left;"><font color=3D"#000000" face=3D"Arial, Helveti=
ca" style=3D"color: rgb(0, 0, 0);"><font color=3D"#000000" face=3D"Arial, H=
elvetica" style=3D"color: rgb(0, 0, 0);"><font color=3D"#000000" face=3D"Ar=
ial, Helvetica" style=3D"color: rgb(0, 0, 0);"><font color=3D"#000000" face=
=3D"Arial, Helvetica" style=3D"color: rgb(0, 0, 0); font-size: 12pt;"></fon=
t></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: lef=
t;"><font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"color: rgb(0=
, 0, 0);"><font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"color:=
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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"#00000=
0" face=3D"Arial, Helvetica" style=3D"color: rgb(0, 0, 0);"><font color=3D"=
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or=3D"#000000" face=3D"Arial, Helvetica" style=3D"color: rgb(0, 0, 0);"><fo=
nt color=3D"#000000" face=3D"Arial, Helvetica" style=3D"color: rgb(0, 0, 0)=
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:Arial,verdana;font-size:12px; color:#000000;padding:0px;margin: 0;line-hei=
ght:17pt; text-align: left;"><font color=3D"#000000" face=3D"Arial, Helveti=
ca" style=3D"color: rgb(0, 0, 0);"><font color=3D"#000000" face=3D"Arial, H=
elvetica" style=3D"color: rgb(0, 0, 0);"><font color=3D"#000000" face=3D"Ar=
ial, Helvetica" style=3D"color: rgb(0, 0, 0);"><font color=3D"#000000" face=
=3D"Arial, Helvetica" style=3D"color: rgb(0, 0, 0); font-size: 12pt;"></fon=
t></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: lef=
t;"><font color=3D"#000000" 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 color=3D"#000000" face=3D"Arial, Helvetica" style=3D"=
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"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-heig=
ht: 17pt; text-align: left;"><font color=3D"#000000" face=3D"Arial, Helveti=
ca" style=3D"color: rgb(0, 0, 0); font-size: 12pt;"></font></p><span><font =
style=3D"font-size: 12pt;">
Scrap numbers were out this week with a $20/ton decrease on shredded grades=
. This one was expected for a few weeks now and it didn&rsquo;t cause any m=
ajor surprise.&nbsp;</font></span></span></span><div><span><span><span><fon=
t style=3D"font-size: 12pt;"><br></font></span></span></span></div><div><sp=
an><span><span><font style=3D"font-size: 12pt;">Although the long products =
have been still soft in terms of price and demand, this decrease will not h=
elp the mills to recover any margins. Supply has been plentiful and the dom=
estic mills fight among themselves and primarily with their USMCA neighbors=
.&nbsp;</font></span></span></span></div><div><span><span><span><font style=
=3D"font-size: 12pt;"><br></font></span></span></span></div><div><span><spa=
n><span><font style=3D"font-size: 12pt;">Other imports that are subject to =
25% tariff are mostly absent from the competition, now the domestic prices =
have softened to a level the other importers are barely competing.&nbsp;</f=
ont></span></span></span></div><div><span><span><span><font style=3D"font-s=
ize: 12pt;"><br></font></span></span></span></div><div><span><span><span><f=
ont style=3D"font-size: 12pt;">The only wildcard in the supply chain is the=
 Ukrainian melted, EU rolled products that are now tariff and quota free. T=
he president renewed the privilege in June so the imports of wire rods from=
 Poland and Greece and rebars from Bulgaria and Greece can resume their shi=
pments. The two major producers are trying to keep their numbers slightly b=
elow the other imports to reap the most benefits of tariff savings so for t=
he buyers, these imports are better priced but are not a bargain.&nbsp;</fo=
nt></span></span></span></div><div><span><span><span><font style=3D"font-si=
ze: 12pt;"><br></font></span></span></span></div><div><span><span><span><fo=
nt style=3D"font-size: 12pt;">This week, spot prices of rebars and wire rod=
s both softened $0.50 cwt to $1 cwt in the most competitive Gulf market.&nb=
sp;</font></span></span></span></div><div><span><span><span><font style=3D"=
font-size: 12pt;"><br></font></span></span></span></div><div><span><span><s=
pan><font style=3D"font-size: 12pt;">Still, these decreases are pretty mode=
st compared to flat rolled price decreases that ranged from $3 cwt to $6 cw=
t depending on the product. Nucor&rsquo;s published HRC price is now $36 cw=
t which is probably $3 or $4 cwt lower than their rebar prices.&nbsp;</font=
></span></span></span><span style=3D"background-color: transparent; font-si=
ze: 12pt;">Should the players in the long products market consider themselv=
es lucky?</span></div><div><span><span><p style=3D"font-family:Arial,verdan=
a;font-size:12px; color:#000000;padding:0px;margin: 0;line-height: 17pt; te=
xt-align: left;"><font color=3D"#000000" face=3D"Arial, Helvetica" style=3D=
"font-size: 12pt;color:#000000;"></font></p></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 color=3D"#000000" face=3D"Arial, Helveti=
ca" style=3D"font-size: 12pt;color:#000000;"></font></p></span><div><div><s=
pan><span><span><span><span><span><span><span><span><span><span><span><span=
><span><span><span><font style=3D"font-size: 12pt;"><span></span>  </font><=
/span><p style=3D"font-family:Arial,verdana;font-size:12px; color:#000000;p=
adding:0px;margin: 0;line-height: 17pt; text-align: left;"><font color=3D"#=
000000" face=3D"Arial, Helvetica" style=3D"font-size: 12pt;color:#000000;">=
</font></p></span><p style=3D"font-family:Arial,verdana;font-size:12px; col=
or:#000000;padding:0px;margin: 0;line-height: 17pt; text-align: left;"><fon=
t color=3D"#000000" face=3D"Arial, Helvetica" style=3D"font-size: 12pt;colo=
r:#000000;"></font></p></span><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-size=
: 12pt;color:#000000;"></font></p></span><p style=3D"font-family:Arial,verd=
ana;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;"></font></p></span><p style=3D"font-fami=
ly:Arial,verdana;font-size:12px; color:#000000;padding:0px;margin: 0;line-h=
eight: 17pt; text-align: left;"><font color=3D"#000000" face=3D"Arial, Helv=
etica" style=3D"font-size: 12pt;color:#000000;"><font color=3D"#000000" fac=
e=3D"Arial, Helvetica" style=3D"font-size: 12pt;color:#000000;"><font color=
=3D"#000000" face=3D"Arial, Helvetica" style=3D"font-size: 12pt;color:#0000=
00;"></font></font></font></p></span></span><p style=3D"font-family:Arial,v=
erdana;font-size:12px; color:#000000;padding:0px;margin: 0;line-height:17pt=
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=3D"#000000" face=3D"Arial, Helvetica" style=3D"font-size: 12pt;color:#0000=
00;"><font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"font-size: =
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ace=3D"Arial, Helvetica" style=3D"font-size: 12pt;color:#000000;"></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;">=
</font></p>

</span><div componentpaddingleft=3D"15px" componentpaddingright=3D"15px"><s=
pan><span><span><span><span><span><span><span><span><span><span><span><span=
><span><p style=3D"font-family:Arial,verdana;font-size:12px; color:#000000;=
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000000" face=3D"Arial, Helvetica" style=3D"font-size: 12pt;color:#000000;">=
</font></p></span></span></span></span></span></span></span></span></span><=
/span></span></span></span></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_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=
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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>
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ce:0pt; font-size:12px;font-family:Arial, Helvetica, sans-serif; mso-table-=
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se;" valign=3D"top">

=09=09
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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%">
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font-size:12px;font-family:Arial, Helvetica, sans-serif; mso-table-rspace:0=
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apse;">
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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=
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o-table-lspace:0pt; mso-table-rspace:0pt;font-size:12px;border: 0px; font-s=
ize: 0px; margin: auto; width: 100%;" 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>
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</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-=
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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>
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pace:0pt; font-size:12px;font-family:Arial, Helvetica, sans-serif; mso-tabl=
e-rspace:0pt;font-size:12px;border:0px;padding:0px 0px;border-top:0px none =
#ffffff ;border-bottom:0px none #ffffff;">
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order-collapse:collapse; mso-table-lspace:0pt; mso-table-rspace:0pt;word-br=
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=
etica, sans-serif; mso-table-rspace:0pt;font-size:12px;border:0px;padding:7=
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=
3c1e16b/1c08f772a3c1ceaf" style=3D"text-decoration:underline;border:0px;" t=
arget=3D"_blank" zcurl_name=3D"l_3">
=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=
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ce=3D"0" width=3D"600">
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            </div>
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</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-=
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se;" valign=3D"top">

          <div class=3D"zpelement-wrapper" id=3D"elm_1651460503351" style=
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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><span><font style=3D"font-size: 1=
2pt;"><b>Nucor Consumer Spot Price Down $6/mt as US Finished Steel Prices C=
ontinue to Slide&nbsp;</b></font></span></div><div><span><font style=3D"fon=
t-size: 12pt;"><br></font></span></div><div><span><font color=3D"#646464" s=
tyle=3D"font-size: 12pt;"><i>Monday, 17 June 2024 17:52:43 (GMT+3) San Dieg=
o&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;">Nucor d=
ropped its Consumer Spot Price (CSP), the price it charges its customers fo=
r hot rolled coils at all of its producing mills, by $5/nt ($6/mt) to $715/=
nt ($788/mt) FOB mill, the steel maker said today in a weekly letter to its=
 customers.&nbsp;</font></span></div><div><span><font style=3D"font-size: 1=
2pt;"><br></font></span></div><div><span><font style=3D"font-size: 12pt;">T=
his week's dip follows a more substantial decline announcement on June 10, =
when the steel maker reduced its CSP by $60/nt ($66/mt), to $720/nt ($794/m=
t) FOB mill, a 7.69 percent week-on-week drop.&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;">Flat-rolled market insiders said the rece=
nt Nucor CSP price declines could signal that HRC prices may be reaching a =
price floor. The current Nucor price represents the lowest CSP on record si=
nce the weekly announcements began in April.&nbsp;</font></span></div><div>=
<span><font style=3D"font-size: 12pt;"><br></font></span></div><div><span><=
font style=3D"font-size: 12pt;">Recent Nucor price declines come as flat st=
eel prices continue to drop in US spot markets amid slack US demand for fin=
ished steel products and falling June scrap prices.&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;">The most recent hot rolled coil pric=
es are heard at $35-$36/cwt. ($700-$720/nt or $771-$794/mt), while US Midwe=
st domestic busheling scrap settled down $40/gt ($39/mt) to $375/gt ($369/m=
t) for June versus May settled scrap values.&nbsp;</font></span></div><div>=
<span><font style=3D"font-size: 12pt;"><br></font></span></div><div><span><=
font style=3D"font-size: 12pt;">Although many market insiders contend it's =
early in the month to make a solid July scrap call, several contacts report=
ed a sideways-to-June expectation to SteelOrbis for July scrap values for d=
omestic Midwest scrap. Early expectations for the US East Coast indicate a =
tighter scrap market, fueled by solid exports to Turkey and other European =
countries, could cause July scrap pricing to rise versus June settled value=
s.</font></span><br></div><div><span><font style=3D"font-size: 12pt;"><br><=
/font></span></div><div><hr noshade size=3D"1" style=3D"border-top:1px soli=
d #E3DFCB;"><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:0px;"><br></p></div><div><span><font style=3D"font-size: =
12pt;"><span><b>Sideways July US Domestic Scrap Pricing Call Overshadowed b=
y Rising Export Scrap Demand&nbsp;</b></span></font></span></div><div><span=
><font style=3D"font-size: 12pt;"><span><br></span></font></span></div><div=
><span><font color=3D"#646464" style=3D"font-size: 12pt;"><span><i>Friday, =
14 June 2024 22:48:44 (GMT+3) San Diego&nbsp;</i></span></font></span></div=
><div><span><font style=3D"font-size: 12pt;"><span><br></span></font></span=
></div><div><span><font style=3D"font-size: 12pt;"><span>While several Stee=
llOrbis contacts commented this week that it's &quot;just too early to tell=
&quot; about July scrap pricing, an early consensus seems to indicate a sid=
eways trend for July domestic scrap, versus June settled values.&nbsp;</spa=
n></font></span></div><div><span><font style=3D"font-size: 12pt;"><span><br=
></span></font></span></div><div><span><font style=3D"font-size: 12pt;"><sp=
an>Sideways pricing to June would peg Ohio Valley busheling scrap at at $37=
5/gt ($381/mt) delivered to customer location, P&S scrap at $355/gt ($361/m=
t) delivered, shredded at $380/gt ($386/mt) delivered to customer, and HMS#=
1 at $320/gt ($325/mt) delivered to customer location. As finished steel pr=
icing faltered through May, June scrap pricing in the Ohio Valley settled o=
verall $20-$40/gt ($20-$40/mt) less than May prices, SteelOrbis data shows.=
&nbsp;</span></font></span></div><div><span><font style=3D"font-size: 12pt;=
"><span><br></span></font></span></div><div><span><font style=3D"font-size:=
 12pt;"><span>&quot;People are talking (about) July at the moment, but righ=
t now it's pretty much a crap shoot,&quot; said one Midwest scrap insider. =
&quot;Whichever way July scrap goes, I don't think its going to move much f=
rom June price levels.&quot;
The bigger story is on the US East Coast, scrap insiders said, where June p=
ricing was only $20-$35/gt ($20-$36/mt) less on a delivered-to-customer bas=
is versus May, owing to solid export demand for more limited scrap inventor=
ies, contacts told SteelOrbis.&nbsp;</span></font></span></div><div><span><=
font style=3D"font-size: 12pt;"><span><br></span></font></span></div><div><=
span><font style=3D"font-size: 12pt;"><span>A sideways-to-June July scrap c=
all pegs East Coast busheling at $335/gt ($341/mt) delivered, P&S is expect=
ed to come in at $320/gt ($325/mt) delivered, unchanged from June levels, w=
hile shredded and HMS#1 are expected to come in steady to June at $370/gt (=
$376/mt) and $290/gt (295/mt) delivered to customer, respectively.&nbsp;</s=
pan></font></span></div><div><span><font style=3D"font-size: 12pt;"><span><=
br></span></font></span></div><div><span><font style=3D"font-size: 12pt;"><=
span>Despite solid monthly declines across the board in US local scrap pric=
ing, US East Coast export scrap spot prices were solidly higher this week a=
s exporters scrambled to meet reported robust demand for July scrap from Tu=
rkey and other importing countries, scrap market insiders told SteelOrbis t=
his week.</span></font></span></div><div><span><font style=3D"font-size: 12=
pt;"><span><br></span></font></span></div><div><span><font style=3D"font-si=
ze: 12pt;"><span>&quot;</span></font></span><span style=3D"background-color=
: transparent; font-size: 12pt;">The export market is much stronger in term=
s of demand than the domestic US scrap market right now,&quot; said one Ste=
elOrbis scrap market insider. &quot;Turkey has a lot of demand, and the exp=
orters know it, so their raising their prices.&quot;&nbsp;</span></div><div=
><span style=3D"background-color: transparent; font-size: 12pt;"><br></span=
></div><div><span style=3D"background-color: transparent; font-size: 12pt;"=
>Contacts say they expect about 25 deep sea cargoes from the US and the UK =
to be booked by Turkey for July delivery. The total doesn't include deliver=
ies from Russia.&nbsp;</span></div><div><span style=3D"background-color: tr=
ansparent; font-size: 12pt;"><br></span></div><div><span style=3D"backgroun=
d-color: transparent; font-size: 12pt;">Philadelphia dock delivered P&S scr=
ap pricing is reported at $300-$305/gt ($305-$310/mt), up from $260-$270/gt
($264-$274/mt) one week ago. The price rise for P&S scrap, represents a 15.=
4 percent weekly increase.&nbsp;</span></div><div><span style=3D"background=
-color: transparent; font-size: 12pt;"><br></span></div><div><span style=3D=
"background-color: transparent; font-size: 12pt;">Despite rising P&S delive=
red dock pricing SteelOrbis contacts said East Coast delivered dock shredde=
d grades in New York and Philadelphia, currently priced near $290/gt ($295/=
mt) could be &quot;near a price bottom&quot; as demand from exporters remai=
ns more limited.&nbsp;</span></div><div><span style=3D"background-color: tr=
ansparent; font-size: 12pt;"><br></span></div><div><span style=3D"backgroun=
d-color: transparent; font-size: 12pt;">&quot;Many exporters have their own=
 shredders now, so they won't buy already shredded material because if they=
 do, they loose out on the non-ferrous component of the scrap,&quot; a cont=
act said.&nbsp;</span></div><div><span style=3D"background-color: transpare=
nt; font-size: 12pt;"><br></span></div><div><span style=3D"background-color=
: transparent; font-size: 12pt;">&quot;The exporters are looking for the no=
n-ferrous recovery to boost their margins,&quot; the scrap contact added. &=
quot;So, they don't want to buy shredded scrap from other people, which is =
limiting the demand.&quot;&nbsp;</span></div><div><span style=3D"background=
-color: transparent; font-size: 12pt;"><br></span></div><div><span style=3D=
"background-color: transparent; font-size: 12pt;">HMS#1 New York 80:20 dock=
 delivered scrap is discussed at $270-$290/gt ($275-$295/mt), little change=
d on the week. Contacts reported higher dock delivered HMS#I pricing of $29=
0-$310/gt ($295-$315/mt) out of Camden, New Jersey.</span></div><div><div><=
div><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, He=
lvetica, sans-serif; color:#000000;line-height:1.7;font-family:Arial,verdan=
a;font-size:12px;padding:0px;"><font style=3D"font-size: 12pt;"></font></p>=
</div></font></span></div></div></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=
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_1684339272194"=
 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_1702507561146" 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_1702507561146" 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:7px;padding-bottom:5px;pa=
dding-right:15px;padding-left:15px;">
             =09    =09=09<div componentlineheight=3D"25pt" componentpaddin=
gbottom=3D"5px" componentpaddingleft=3D"15px" componentpaddingright=3D"15px=
" componentpaddingtop=3D"7px" style><p align=3D"left" style=3D"font-family:=
Arial,verdana;font-size:12px; color:#000000;padding:0px;margin: 0;line-heig=
ht: 25pt; text-align: left;"><b style=3D"font-family: Arial, Helvetica; bac=
kground-color: transparent;"><font style=3D"font-size: 14pt;"></font></b></=
p><h4 style=3D"font-family:Arial,verdana,Helvetica, sans-serif;font-size: 2=
2px;color:#000000; font-weight:normal; color:#000000;padding: 0px;margin: 0=
;text-align: center;"><b style=3D"font-family: Arial, Helvetica; background=
-color: transparent;"><font style><font style=3D"font-size: 14pt;"><b style=
>Do you have any questions? Check out our FAQ!</b></font></font></b></h4><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;padd=
ing:0px;"></p></div>
=09=09=09</td></tr>
=09=09</tbody></table>
       =09  </div>
</td></tr>
<tr><td class=3D"txtsize" id=3D"elm_1691607779831" style=3D" mso-table-lspa=
ce:0pt; font-size:12px;font-family:Arial, Helvetica, sans-serif; mso-table-=
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se;" valign=3D"top">

          <div class=3D"zpelement-wrapper" id=3D"elm_1691607779831" style=
=3D";word-wrap:break-word;overflow:hidden;padding-right:0px;background-colo=
r:#ffffff;">
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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=
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             =09    =09=09<div componentpaddingbottom=3D"7px" componentpadd=
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ngbottom=3D"5px" componentpaddingleft=3D"30px" componentpaddingright=3D"30p=
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255); outline: none;"><p style=3D"font-family:Arial,verdana;font-size:12px;=
 color:#000000;padding:0px;margin: 0;line-height: 17pt;"><span style=3D"lin=
e-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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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:=
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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></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></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></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;"><b style=3D"font-size: 12pt;"></b></div></d=
iv></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



















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=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%">
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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=
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g-bottom:7px;padding-right:15px;padding-left:15px;">
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                <table align=3D"center" cellpadding=3D"0" cellspacing=3D"0"=
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table-lspace:0pt; mso-table-rspace:0pt;">
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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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                        <a align=3D"center" href=3D"https://qprdy-zgpvh.mai=
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=09=09
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margin: 0px; padding: 0px; width: 100%; border-top-width: 1px;" width=3D"10=
0%">       </td> </tr></tbody></table></div>
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rspace:0pt;font-size:12px;border:0px;padding:0px 0px;border-collapse:collap=
se;" valign=3D"top">

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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=
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;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>
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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;">
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0%">
=09=09=09=09=09=09=09<tbody><tr><td style=3D"border-collapse:collapse; mso-=
table-lspace:0pt;font-family:Arial, Helvetica, sans-serif; mso-table-rspace=
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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=
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; mso-table-rspace:0pt;font-size:12px;min-width: 100%;border: none;" width=
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; 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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arate;border: none;"><tbody><tr><td align=3D"left" style=3D"border-collapse=
:collapse; mso-table-lspace:0pt; font-size:12px;font-family:Arial, Helvetic=
a, sans-serif; mso-table-rspace:0pt;font-size:12px;padding:7px;padding-top:=
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 valign=3D"middle"> <table align=3D"left" border=3D"0" cellpadding=3D"0" ce=
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/1c08f772a3c1e16b/1c08f772a3c1ceb3" style=3D"text-decor=
ation:underline;display: block;font-size: 1px;" target=3D"_blank" zcurl_nam=
e=3D"l_5"><img alt=3D"LinkedIn" height=3D"35" src=3D"https://stratus.campai=
gn-image.com/images/867215000014540004_1_1715205012151_zcsclwgtlin1.png" st=
yle=3D"border: 0px; margin: 0px; outline: none; text-decoration: none; widt=
h: 40px; height: 40px;" vspace=3D"10" width=3D"35"></a> </td></tr><tr><td a=
lign=3D"center" name=3D"sclwdgtcaptns" style=3D"border-collapse:collapse; m=
so-table-lspace:0pt; font-size:12px;font-family:Arial, Helvetica, sans-seri=
f; 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/cli=
ck/1c08f772a3c1e16b/1c08f772a3c1ceb5" style=3D"display: block;font-size: 1p=
x;font-weight: normal;line-height: normal;text-align: center;text-decoratio=
n: none;" target=3D"_blank" zcurl_name=3D"l_6"><p fntname=3D"Arial" fntsze=
=3D"10" style=3D"font-family:Arial,verdana;font-size:12px; color:#000000;pa=
dding:0px;margin: 0;line-height: normal; font-family: Arial, Helvetica, san=
s-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:0=
pt; font-size:12px;font-family:Arial, Helvetica, sans-serif; mso-table-rspa=
ce: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" style=
=3D" mso-table-lspace:0pt; mso-table-rspace:0pt;font-size:12px;border-colla=
pse: collapse;border: none;"><tbody><tr><td style=3D"border-collapse:collap=
se; mso-table-lspace:0pt; font-size:12px;font-family:Arial, Helvetica, sans=
-serif; mso-table-rspace:0pt;font-size:12px;padding-right: 9px;padding-bott=
om: 9px;border:none;padding: 0px;margin: 0px;" valign=3D"top"> <table borde=
r=3D"0" cellpadding=3D"0" cellspacing=3D"0" style=3D" mso-table-lspace:0pt;=
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;"><tbody><tr><td align=3D"left" style=3D"border-collapse:collapse; mso-tab=
le-lspace:0pt; font-size:12px;font-family:Arial, Helvetica, sans-serif; mso=
-table-rspace:0pt;font-size:12px;padding:7px;padding-top: 0px;padding-right=
: 9px;padding-bottom: 0px;padding-left: 9px;border:none;" valign=3D"middle"=
> <table align=3D"left" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" st=
yle=3D" mso-table-lspace:0pt; mso-table-rspace:0pt;font-size:12px;border-co=
llapse: collapse;border: none;" width><tbody><tr><td align=3D"center" name=
=3D"sclwdgtimges" style=3D"border-collapse:collapse; mso-table-lspace:0pt; =
font-size:12px;font-family:Arial, Helvetica, sans-serif; mso-table-rspace:0=
pt;font-size:12px;border: none;padding: 0px;margin: 0px;padding-bottom: 6px=
;" valign=3D"middle"> <a href=3D"https://qprdy-zgpvh.maillist-manage.net/cl=
ick/1c08f772a3c1e16b/1c08f772a3c1ceb7" style=3D"text-decoration:underline;d=
isplay: block;font-size: 1px;" target=3D"_blank" zcurl_name=3D"l_7"><img al=
t=3D"Facebook" height=3D"35" src=3D"https://stratus.campaign-image.com/imag=
es/867215000014540004_2_1715205012306_zcsclwgtfb1.png" style=3D"border: 0px=
; margin: 0px; outline: none; text-decoration: none; width: 40px; height: 4=
0px;" vspace=3D"10" width=3D"35"></a> </td></tr><tr><td align=3D"center" na=
me=3D"sclwdgtcaptns" style=3D"border-collapse:collapse; mso-table-lspace:0p=
t; font-size:12px;font-family:Arial, Helvetica, sans-serif; mso-table-rspac=
e:0pt;font-size:12px;border:none;padding: 0px;margin: 0px;" valign=3D"middl=
e"><a href=3D"https://qprdy-zgpvh.maillist-manage.net/click/1c08f772a3c1e16=
b/1c08f772a3c1ceb9" style=3D"display: block;font-size: 1px;font-weight: nor=
mal;line-height: normal;text-align: center;text-decoration: none;" target=
=3D"_blank" zcurl_name=3D"l_8"><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: r=
gb(27, 107, 189); font-size: 10pt;">Facebook</p></a> </td></tr></tbody></ta=
ble></td></tr></tbody></table></td></tr></tbody></table></td><td align=3D"l=
eft" style=3D"border-collapse:collapse; mso-table-lspace:0pt; font-size:12p=
x;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"le=
ft" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" style=3D" mso-table-ls=
pace:0pt; mso-table-rspace:0pt;font-size:12px;border-collapse: collapse;bor=
der: none;"><tbody><tr><td style=3D"border-collapse:collapse; mso-table-lsp=
ace:0pt; font-size:12px;font-family:Arial, Helvetica, sans-serif; mso-table=
-rspace:0pt;font-size:12px;padding-right: 9px;padding-bottom: 9px;border:no=
ne;padding: 0px;margin: 0px;" valign=3D"top"> <table border=3D"0" cellpaddi=
ng=3D"0" cellspacing=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; fo=
nt-size:12px;font-family:Arial, Helvetica, sans-serif; mso-table-rspace:0pt=
;font-size:12px;padding:7px;padding-top: 0px;padding-right: 9px;padding-bot=
tom: 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-table=
-lspace:0pt; mso-table-rspace:0pt;font-size:12px;border-collapse: collapse;=
border: none;" width><tbody><tr><td align=3D"center" name=3D"sclwdgtimges" =
style=3D"border-collapse:collapse; mso-table-lspace:0pt; font-size:12px;fon=
t-family:Arial, Helvetica, sans-serif; mso-table-rspace:0pt;font-size:12px;=
border: none;padding: 0px;margin: 0px;padding-bottom: 6px;" valign=3D"middl=
e"> <a href=3D"https://qprdy-zgpvh.maillist-manage.net/click/1c08f772a3c1e1=
6b/1c08f772a3c1cebb" style=3D"text-decoration:underline;display: block;font=
-size: 1px;" target=3D"_blank" zcurl_name=3D"l_9"><img alt=3D"Instagram" he=
ight=3D"35" src=3D"https://stratus.campaign-image.com/images/86721500001454=
0004_3_1715205012402_zcsclwgtinsta1.png" style=3D"border: 0px; margin: 0px;=
 outline: none; text-decoration: none; width: 40px; height: 40px;" vspace=
=3D"10" width=3D"35"></a> </td></tr><tr><td align=3D"center" name=3D"sclwdg=
tcaptns" style=3D"border-collapse:collapse; mso-table-lspace:0pt; font-size=
:12px;font-family:Arial, Helvetica, sans-serif; mso-table-rspace:0pt;font-s=
ize:12px;border:none;padding: 0px;margin: 0px;" valign=3D"middle"><a href=
=3D"https://qprdy-zgpvh.maillist-manage.net/click/1c08f772a3c1e16b/1c08f772=
a3c1cebd" 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_10"><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/1c08f772a3c1e16b/1c08f77=
2a3c1cebf" style=3D"text-decoration:underline;display: block;font-size: 1px=
;" target=3D"_blank" zcurl_name=3D"l_11"><img alt=3D"X" height=3D"35" src=
=3D"https://stratus.campaign-image.com/images/867215000014540004_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/1c08f772a3c1e16b/1c08f772a3c1cec1" 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_12"><=
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>
</td></tr>
<tr><td class=3D"txtsize" id=3D"elm_1614756623113" 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_1614756623113" 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:100px;padding-left:100px;">
             =09    =09=09<div componentbgcolor=3D"#ffffff" componentlinehe=
ight=3D"17pt" componentpaddingbottom=3D"5px" componentpaddingleft=3D"100px"=
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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;"><span style=3D"font-size: 10=
pt; color: rgb(68, 67, 67); font-family: Arial, Helvetica;"><br></span></p>=
<p align=3D"center" style=3D"line-height:1.7;font-family:Arial,verdana;font=
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r; line-height: 17pt;"><font color=3D"#444343" face=3D"Arial, Helvetica" st=
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n=3D"center" style=3D"line-height:1.7;font-family:Arial,verdana;font-size:1=
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=09=09=09=09=09</td>=20
=09=09=09=09=09</tr>=20
=09=09=09=09=09</tbody></table>
=09=09=09=09</td>=20
=09=09=09=09<td style=3D" mso-table-lspace:0pt; font-size:12px;font-family:=
Arial, Helvetica, sans-serif; mso-table-rspace:0pt;font-size:12px;border:0p=
x;padding:0px;border-collapse:collapse; mso-table-lspace:0pt; mso-table-rsp=
ace:0pt;">&nbsp;</td>
=09=09=09</tr>=20
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</div>
</center>=20
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