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https://staalx.com

StaalX Newsletter, July 16, 2025 (Scroll down for Steelorbis news)

Updates From This Week

http://staalx.com

Soft demand is keeping longs pricing stable

Imports severely handicapped yet there is plentyof domestic steel for now

Although everyone has been watching thepricing announcements that usually c=
omeon Fridays, there has not been any major pricing announcements from the =
domestic rebar and wire rod mills.

The only increase we have seen for rebars is a size price adjustment. #3's,=
 not a productive item by the domestic mills arenow bumped up by $4 cwt ext=
ra. They used to be $2 cwt extra in the Gulf region. This means the mills a=
re at least seeing some tightening in the market as well as seeing less imp=
ort competition and are happy to give up on these less productive items. La=
st month, Commercial Metals also wanted to have a large extra for 20 footer=
s but Nucor didn't match the price increase on 20' rebars and the extra was=
 consequently rescinded.

One would think with 50% tariff and now Vietnam, Algeria and Egypt under an=
tidumping investigation and no longer offering, there would be more tighten=
ing of supply in the market. Prices should go up in a tight market, however=
, the lack of imports are easily matched by lack of overall demand which is=
 keeping pricing level at the moment.

The US has the highests steel prices in the world. High prices almost alway=
s cause less demand and almost all building materials' costs are now up due=
 to tariffs across the board as well as other pressures like high interest =
rates and labor shortages in the construction sector.

For wire rods, we have not yet seen another increase either. Similar to reb=
ars, the market ought to be tighter now, yet the lack of demand and more do=
mestic output iskeeping the prices stable for now. Liberty Steel started pr=
oduction with productivity better than expected. Yet, Canadians, Mexicans a=
nd pretty much all other imports are severely cut due to a 50% tariff.

Only increase announcement on merchants bars and beams by $40 per ton, whic=
h is the first price increase for a long time and definitely since the tari=
ff was increased from 25% to 50% by June 4th.

Weekly Poll

What do you think? Will the steel demand improve in the summer months?
* https://qprdy-zgph.maillist-manage.net/poll.zc?pollid=3D86721500002010405=
5&od=3D3zbbfd3107516e2747240afb213f83dea99f3114ab6bc11315f109b5f5525d0f45 =
=E2=80=A2 Yes: Pent Up demand will show up as the new US trade policy sinks=
 in
* https://qprdy-zgph.maillist-manage.net/poll.zc?pollid=3D86721500002010405=
7&od=3D3zbbfd3107516e2747240afb213f83dea99f3114ab6bc11315f109b5f5525d0f45 =
=E2=80=A2 No: The economy has been challenged by tariffs and the steel dema=
nd will continue to suffer

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 Procurement

The new StaalX website is now live =E2=80=94 and it=E2=80=99s more than jus=
t rebar.

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ee the difference.

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From our content partner, SteelOrbis

http://steelorbis.com

US import long steel pricing flat to down on limited demand with tariffs, r=
eciprocal deadlines extended
Thursday, 10 July 2025 17:55:24 (GMT+3) San Diego
US import rebar and wire rod pricing was steady to slightly less this week =
as demand for import material remains limited following the June 4 implemen=
tation of 50 percent steel tariffs, market insiders told SteelOrbis. Uncert=
ainty among steel importers remains heightened with many buyers and sellers=
 sidelined pending an extended Aug. 1 deadline for affected countries to re=
-negotiate their current reciprocal tariff levels with the US Department of=
 Commerce.
Spot market insiders say long steel importers, facing higher delivered cost=
s amid ongoing 50 percent Section 232 steel tariffs, report few buyers yet =
willing to accept their higher offers versus domestic material, even as dom=
estic long steel prices have been moving higher since tariffs went into aff=
ect. This week, reports of limited import rebar sales at reduced prices wer=
e noted, as sellers attempt to maintain cash flows as import demand stalls.=
=20

=E2=80=9CSo far, markets are flat this week,=E2=80=9D remarked one import l=
ong steel insider. =E2=80=9CDemand (for imports) is just no good.=E2=80=9D =
=E2=80=9CI hear import offers slipped to $40/cwt from $42/cwt, maybe tempor=
arily, since importers need to raise money,=E2=80=9D said another import st=
eel insider to SteelOrbis.
Reports indicate the doubling of steel tariffs from 25 percent to 50 percen=
t effective June 4 has increased the delivered price of import rebar and wi=
re rod by $6.00-7.00/cwt., making much imported material non-competitive ag=
ainst domestic supply. Recent price increases by domestic mills has =E2=80=
=9Cyet to increase domestic pricing to the point where imported material ma=
kes sense,=E2=80=9D insiders said.
As high pre-tariff inventory continues to be drawn down on the US Gulf Coas=
t, import rebar on a loaded truck basis vicinity Houston is offered at $39-=
41/cwt, with most offers noted slightly less on average at $40/cwt, off fro=
m $39-42/cwt., one week prior.
=E2=80=9CCurrent pricing is supported by (import) inventory constraints, ev=
en as overall demand lags,=E2=80=9D reported one Gulf Coast long steel impo=
rter. =E2=80=9COngoing Section 232 tariffs and pending negotiations with Me=
xico and Canada continue to cloud visibility for new bookings.=E2=80=9D
Rebar inventory from Mexico staged in Texas on a loaded truck basis is offe=
red steady at $39.50-42.50/cwt., little changed versus previous $40.00-$42.=
00/cwt., workable trading ranges reported several weeks earlier.
Insiders say foreign producers continue to avoid the US markets until there=
=E2=80=99s more clarity on tariffs. On July 7, US President Trump issued an=
 executive order extending the deadline for reciprocal tariff negotiations =
to be completed from July 9 to Aug. 1 as few country-specific deals remaine=
d inked. Fourteen major US trading partners received letters from the US ad=
ministration stating individual tariff levels ranging between 25-40 percent=
 in addition to any existing sector-specific tariffs.
=E2=80=9CWith little foreign material on the water, competition from import=
s remains limited for now,=E2=80=9D the long steel importer added. =E2=80=
=9CEspecially, as sellers are reluctant to discount heavily in a low-volume=
 environment.=E2=80=9D
Long steel insiders continue to report price volatility could continue thro=
ugh July and now into August, as the market re-calibrates around new costs,=
 continuing trade policy uncertainty, and potential retaliation from Canada=
 and Mexico against the US, especially if tariff levels between the US=E2=
=80=99s two major trading partners fail to be re-negotiated before the revi=
sed August deadline. US President Trump stated this week in media reports t=
hat there will be no additional extensions for reciprocal tariffs.

In the wire rod markets, workable spot trade offers are yet again heard at =
$45-46/cwt., though few trades are expected to occur as import pricing rema=
ins higher than available delivered domestic supply, even as wire rod outpu=
t reports from the recently restarted Liberty Steel wire and rod plant in P=
eoria, Illinois were unavailable.

US domestic rebar up slightly while wire rod stays flat though construction=
 demand remains insufficient
Friday, 11 July 2025 22:50:02 (GMT+3) San Diego
US domestic rebar moves up slightly while wire rod stays flat as scrap rema=
ins sideways in July. =E2=80=9CThe demand [for longs] is still not good,=E2=
=80=9D according to a SteelOrbis insider. Many construction contracts have =
been delayed due to the tariffs initiated by President Trump back in June. =
Since construction material prices have spiked, companies like Unistress Co=
rp., in Massachusetts, have been forced to lay off hundreds of their employ=
ees. Still, the suppliers in the rebar segment seem to be a bit bullish in =
their pricing, most probably due the limited supply on the import side.
In the weekly rebar spot markets, domestic supply on an FOB mill basis was =
assessed with most transactions noted at $41.00-42.00/cwt, ($820-840/nt or =
$904-926/mt), on average $41.50/cwt, ($830/nt or $915/mt), up $1.00/cwt, ($=
20/nt or $22/mt), from seven days ago.
In the domestic wire rod market, most transactions were reported this week =
at $46.50-47.50/cwt ($930-950/nt or $1,025-1,047/mt), or an average of $47.=
00/cwt ($940/nt or $1,036/mt), unchanged from seven days ago. Liberty Steel=
 still remains active as of this week.

US scrap prices stable in July as tighter local supply balanced by low expo=
rt demand, weak currency
Tuesday, 08 July 2025 17:49:10 (GMT+3) San Diego
Prices for US ferrous scrap for July delivery in the Ohio Valley and the No=
rtheast remained unchanged this month compared to June. Continued reports o=
f tightening domestic inventory were balanced by limited export demand and =
general weakness in international currency markets following the June 4 inc=
rease in Section 232 steel and aluminum tariffs from 25 percent to 50 perce=
nt.

US settled prices are below:

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=
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=09=20

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line-height: 17pt;">

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eight: 17pt;">

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align: left;"><span style=3D"font-family: Arial, Helvetica;"><font style></=
font></span></p>

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:0px;margin: 0;line-height:17pt; text-align: left;"><font color=3D"#000000"=
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or:#000000;padding:0px;margin: 0;line-height: 17pt; text-align: left;"><fon=
t style=3D"font-size: 14pt;"><span style=3D"font-family: Arial, Helvetica;"=
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<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=
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</b><p style=3D"font-family:Arial,verdana;font-size:12px; color:#000000;pad=
ding:0px;margin: 0;line-height:17pt; text-align: left;"><span>

</span></p><p style=3D"font-family:Arial,verdana;font-size:12px; color:#000=
000;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-s=
ize: 16pt;"><b></b></font></p></span><span>

<p style=3D"font-family:Arial,verdana;font-size:12px; color:#000000;padding=
:0px;margin: 0;line-height:17pt; text-align: left;"><span style=3D"font-fam=
ily: Arial, Helvetica; font-weight: bold;"><font style=3D"font-size: 16pt;"=
><span></span><span></span><span>

</span></font></span></p><p style=3D"font-family:Arial,verdana;font-size:12=
px; color:#000000;padding:0px;margin: 0;line-height: 17pt; text-align: left=
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olor: rgb(0, 0, 0); font-size: 14pt;"><b style></b></font></font></p></span=
><span><b>

</b><p style=3D"font-family:Arial,verdana;font-size:12px; color:#000000;pad=
ding:0px;margin: 0;line-height:17pt; text-align: left;"><font color=3D"#000=
000" face=3D"Arial, Helvetica" style=3D"color: rgb(0, 0, 0); font-size: 14p=
t;"><b style><span></span></b></font></p><p style=3D"font-family:Arial,verd=
ana;font-size:12px; color:#000000;padding:0px;margin: 0;line-height: 17pt; =
text-align: left;"><span style=3D"font-family: Arial, Helvetica; font-weigh=
t: bold;"><font style=3D"font-size: 14pt;">Soft demand is keeping longs pri=
cing stable&nbsp;</font></span></p></span><p style=3D"margin: 0;padding: 0p=
x;font-family:Arial, Helvetica, sans-serif; color:#000000;line-height:1.7;f=
ont-family:Arial,verdana;font-size:12px;padding:0px;"></p><p style=3D"font-=
family:Arial,verdana;font-size:12px; color:#000000;padding:0px;margin: 0;li=
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px;margin: 0;line-height:17pt; text-align: left;"><font color=3D"#000000" f=
ace=3D"Arial, Helvetica" style=3D"font-size: 12pt;color:#000000;"><b><span>

</span></b></font></p><p style=3D"font-family:Arial,verdana;font-size:12px;=
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color:#000000;"><b><font color=3D"#000000" face=3D"Arial, Helvetica" style=
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</span></font></b></font></p><p style=3D"font-family:Arial,verdana;font-siz=
e: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=
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handicapped yet there is plenty&nbsp;of domestic steel for now</font></font=
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font-size: 12pt;color:#000000;"><b><font color=3D"#000000" face=3D"Arial, H=
elvetica" style=3D"font-size: 12pt;color:#000000;">

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style=3D"font-size: 12pt;color:#000000;">

</font></font></b><p style=3D"margin: 0;padding: 0px;font-family:Arial, Hel=
vetica, sans-serif; color:#000000;line-height:1.7;font-family:Arial,verdana=
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</font></font></b></b></font></b></font><p style=3D"margin: 0;padding: 0px;=
font-family:Arial, Helvetica, sans-serif; color:#000000;line-height:1.7;fon=
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t></p><span>

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:0px;margin: 0;line-height:17pt; text-align: left;"><font color=3D"#000000"=
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: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; 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><=
/font></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>

<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"=
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</p><span>

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: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><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>

<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>

<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>

<p align=3D"justify" style=3D"line-height:1.7;font-family:Arial,verdana;fon=
t-size:12px; color:#000000;padding:0px;margin: 0;text-align: justify; line-=
height: 17pt;"><font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"f=
ont-size: 12pt;color:#000000;">Although everyone has been watching the&nbsp=
;pricing announcements that usually come&nbsp;on Fridays, there has not bee=
n any major pricing announcements from the domestic rebar and wire rod mill=
s.&nbsp;&nbsp;</font></p><p align=3D"justify" style=3D"line-height:1.7;font=
-family:Arial,verdana;font-size:12px; color:#000000;padding:0px;margin: 0;t=
ext-align: justify; line-height: 17pt;"><font color=3D"#000000" face=3D"Ari=
al, Helvetica" style=3D"font-size: 12pt;color:#000000;"><br></font></p><p a=
lign=3D"justify" style=3D"line-height:1.7;font-family:Arial,verdana;font-si=
ze:12px; color:#000000;padding:0px;margin: 0;text-align: justify; line-heig=
ht: 17pt;"><font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"font-=
size: 12pt;color:#000000;">The only increase we have seen for rebars is a s=
ize price adjustment.&nbsp; #3's, not a productive item by the domestic mil=
ls are&nbsp;now bumped up by $4 cwt extra. They used to be $2 cwt extra in =
the Gulf region.&nbsp; This means the mills are at least seeing some tighte=
ning in the market as well as seeing less import competition and are happy =
to give up on these less productive items.&nbsp; Last month, Commercial Met=
als also wanted to have a large extra for 20 footers but Nucor didn't match=
 the price increase on 20' rebars and the extra was consequently rescinded.=
&nbsp;&nbsp;</font></p><p align=3D"justify" style=3D"line-height:1.7;font-f=
amily:Arial,verdana;font-size:12px; color:#000000;padding:0px;margin: 0;tex=
t-align: justify; line-height: 17pt;"><font color=3D"#000000" face=3D"Arial=
, Helvetica" style=3D"font-size: 12pt;color:#000000;"><br></font></p><p ali=
gn=3D"justify" style=3D"line-height:1.7;font-family:Arial,verdana;font-size=
:12px; color:#000000;padding:0px;margin: 0;text-align: justify; line-height=
: 17pt;"><font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"font-si=
ze: 12pt;color:#000000;">One would think with 50% tariff and now Vietnam, A=
lgeria and Egypt under antidumping investigation and no longer offering, th=
ere would be more tightening of supply in the market.&nbsp; Prices should g=
o up in a tight market, however, the lack of imports are easily matched by =
lack of overall demand which is keeping pricing level at the moment.&nbsp;&=
nbsp;</font></p><p align=3D"justify" style=3D"line-height:1.7;font-family:A=
rial,verdana;font-size:12px; color:#000000;padding:0px;margin: 0;text-align=
: justify; line-height: 17pt;"><font color=3D"#000000" face=3D"Arial, Helve=
tica" style=3D"font-size: 12pt;color:#000000;"><br></font></p><p align=3D"j=
ustify" style=3D"line-height:1.7;font-family:Arial,verdana;font-size:12px; =
color:#000000;padding:0px;margin: 0;text-align: justify; line-height: 17pt;=
"><font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"font-size: 12p=
t;color:#000000;">The US has the highests steel prices in the world.&nbsp; =
High prices almost always cause less demand and almost all building materia=
ls' costs are now up due to tariffs across the board as well as other press=
ures like high interest rates and labor shortages in the construction secto=
r.&nbsp;</font></p><p align=3D"justify" style=3D"line-height:1.7;font-famil=
y:Arial,verdana;font-size:12px; color:#000000;padding:0px;margin: 0;text-al=
ign: justify; line-height: 17pt;"><font color=3D"#000000" face=3D"Arial, He=
lvetica" style=3D"font-size: 12pt;color:#000000;"><br></font></p><p align=
=3D"justify" style=3D"line-height:1.7;font-family:Arial,verdana;font-size:1=
2px; color:#000000;padding:0px;margin: 0;text-align: justify; line-height: =
17pt;"><font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"font-size=
: 12pt;color:#000000;">For wire rods, we have not yet seen another increase=
 either.&nbsp; Similar to rebars, the market ought to be tighter now, yet t=
he lack of demand and more domestic output is&nbsp;keeping the prices stabl=
e for now.&nbsp; &nbsp;Liberty Steel started production with productivity b=
etter than expected.&nbsp; Yet, Canadians, Mexicans and pretty much all oth=
er imports are severely cut due to a 50% tariff.&nbsp;&nbsp;</font></p><p a=
lign=3D"justify" style=3D"line-height:1.7;font-family:Arial,verdana;font-si=
ze:12px; color:#000000;padding:0px;margin: 0;text-align: justify; line-heig=
ht: 17pt;"><font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"font-=
size: 12pt;color:#000000;"><br></font></p><p align=3D"justify" style=3D"lin=
e-height:1.7;font-family:Arial,verdana;font-size:12px; color:#000000;paddin=
g:0px;margin: 0;text-align: justify; line-height: 17pt;"><font color=3D"#00=
0000" face=3D"Arial, Helvetica" style=3D"font-size: 12pt;color:#000000;">On=
ly increase announcement on merchants bars and beams by $40 per ton, which =
is the first price increase for a long time and definitely since the tariff=
 was increased from 25% to 50% by June 4th.</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>

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padding:0px;margin: 0;line-height:17pt; text-align: left;"><font color=3D"#=
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</font></p>

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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>

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</b></p><p style=3D"font-family:Arial,verdana;font-size:12px; color:#000000=
;padding:0px;margin: 0;line-height: 17pt;"></p><p style=3D"font-family:Aria=
l,verdana;font-size:12px; color:#000000;padding:0px;margin: 0;line-height: =
17pt;"></p><p style=3D"font-family:Arial,verdana;font-size:12px; color:#000=
000;padding:0px;margin: 0;line-height: 17pt;"></p><p style=3D"font-family:A=
rial,verdana;font-size:12px; color:#000000;padding:0px;margin: 0;line-heigh=
t: 17pt;"></p><p style=3D"font-family:Arial,verdana;font-size:12px; color:#=
000000;padding:0px;margin: 0;line-height: 17pt;"></p><p style=3D"font-famil=
y:Arial,verdana;font-size:12px; color:#000000;padding:0px;margin: 0;line-he=
ight: 17pt;"></p><p style=3D"font-family:Arial,verdana;font-size:12px; colo=
r:#000000;padding:0px;margin: 0;line-height: 17pt;"></p></div></div></div>
=09=09=09</td></tr>
=09=09</tbody></table>
       =09  </div>
</td></tr>
<tr><td class=3D"txtsize" id=3D"elm_1752679468775" 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" id=3D"elm_1752679468775" style=3D";wo=
rd-wrap:break-word;overflow:hidden;padding-right:0px;background-color:;">
=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"txtsize paddingcomp" style=3D"border-collap=
se:collapse; mso-table-lspace:0pt; font-size:12px;font-family:Arial, Helvet=
ica, sans-serif; mso-table-rspace:0pt;font-size:12px;border:0px;padding:7px=
 15px;line-height:1.7;border-top:0px none ;   border-bottom:0px none ;paddi=
ng-top:7px;padding-bottom:7px;padding-right:15px;padding-left:15px;">
             =09    =09=09<div><p purpose=3D"polqus" style=3D"line-height:1=
.7;font-family:Arial,verdana;font-size:12px; color:#000000;padding:0px;marg=
in: 0;text-align: left;" type=3D"hor"><font size=3D"2">What do you think? W=
ill the steel demand improve in the summer months?   </font></p><ul purpose=
=3D"poloptns" style=3D"padding: 0px;Margin: 0px;line-height: 21pt; list-sty=
le:none;text-align:left" type=3D"disc"><li purpose=3D"option" style=3D"marg=
in: 0px; line-height: 21pt; font-family: Arial, Helvetica, sans-serif; font=
-size: 12px; color: rgb(0, 99, 254); display: list-item;"><a href=3D"https:=
//qprdy-zgph.maillist-manage.net/click/1c08f772a416c7c5/1c08f772a416c040" r=
el=3D"noopener noreferrer" style=3D"text-decoration:underline;margin: 0px; =
line-height: 21pt; font-family: Arial, Helvetica, sans-serif; font-size: 12=
px; color: rgb(0, 99, 254); text-decoration: none;" target=3D"_blank" zcurl=
_name=3D"l_3"><span purpose=3D"listType">&bull;  </span><font style=3D"font=
-family: Arial, Helvetica, sans-serif; font-size: 10pt; color: rgb(0, 99, 2=
54); text-decoration: underline; padding-left: 5px;">Yes:  Pent Up demand w=
ill show up as the new US trade policy sinks in</font></a><li purpose=3D"op=
tion" style=3D"margin: 0px; line-height: 21pt; font-family: Arial, Helvetic=
a, sans-serif; font-size: 12px; color: rgb(0, 99, 254); display: list-item;=
"><a href=3D"https://qprdy-zgph.maillist-manage.net/click/1c08f772a416c7c5/=
1c08f772a416c042" rel=3D"noopener noreferrer" style=3D"Margin: 0px;line-hei=
ght: 21pt;font-family: Arial, Helvetica, sans-serif; font-size: 12px;color:=
 #0063fe;text-decoration: none;" target=3D"_blank" zcurl_name=3D"l_4"><span=
 purpose=3D"listType">&bull;  </span><font style=3D"font-family: Arial, Hel=
vetica, sans-serif; font-size: 10pt; color: rgb(0, 99, 254); text-decoratio=
n: underline; padding-left: 5px;">No: The economy has been challenged by ta=
riffs and the steel demand will continue to suffer</font></a></ul></div>
=09=09=09</td></tr>
=09=09</tbody></table>
       =09  </div>
</td></tr>
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=09=09
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=09=09=09</td></tr></tbody></table>
=09=09=09</div>
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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"=
#000000" face=3D"Arial, Helvetica" style=3D"color: rgb(0, 0, 0);"><font col=
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; 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-hei=
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t></font></font></font></p><p style=3D"font-family:Arial,verdana;font-size:=
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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=
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lor=3D"#000000" face=3D"Arial, Helvetica" style=3D"color: rgb(0, 0, 0);"><f=
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ine-height: 17pt; text-align: left;"><font color=3D"#000000" face=3D"Arial,=
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n><p style=3D"font-family:Arial,verdana;font-size:12px; color:#000000;paddi=
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; 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>=
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size: 12pt;"></font></span><span style=3D"font-size: 16px;"><p style=3D"fon=
t-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></p><span><p style=3D"fo=
nt-family:Arial,verdana;font-size:12px; color:#000000;padding:0px;margin: 0=
;line-height: 17pt; text-align: left;"><font color=3D"#000000" face=3D"Aria=
l, Helvetica" style=3D"color: rgb(0, 0, 0);"></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"=
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</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>

<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>

<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>

<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>

<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>

<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>

<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>

<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>

<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>

<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>

<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><p style=3D"font-family:Arial,verdana;font-size:12px; color:#0000=
00;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;">=
<span></span></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;"></font></p><span><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;"></font></p><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:A=
rial,verdana;font-size:12px; color:#000000;padding:0px;margin: 0;line-heigh=
t: 17pt; text-align: left;"><font color=3D"#000000" face=3D"Arial, Helvetic=
a" style=3D"font-size: 12pt;color:#000000;"></font></p><span><p style=3D"fo=
nt-family:Arial,verdana;font-size:12px; color:#000000;padding:0px;margin: 0=
;line-height: 17pt; text-align: left;"><font color=3D"#000000" face=3D"Aria=
l, Helvetica" style=3D"font-size: 12pt;color:#000000;"></font></p></span></=
span></span></span></span></span></span></span></span></span></span></span>=
</span></span></span></span><p style=3D"line-height:1.7;font-family:Arial,v=
erdana; color:#000000;padding:0px;margin: 0;font-size: 16px; line-height: 1=
7pt; text-align: left;"><font color=3D"#000000" face=3D"Arial, Helvetica" s=
tyle=3D"font-size: 12pt;color:#000000;"></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;"><b></b></font></p><span><font style=3D"font-size: 12pt;">

<b></b></font></span><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"color: rgb(0, 0, 0); font-size: 14pt;"=
><b style>

</b></font></p><span>

<p align=3D"justify" style=3D"line-height:1.7;font-family:Arial,verdana;fon=
t-size:12px; color:#000000;padding:0px;margin: 0;text-align: justify; line-=
height: 17pt;"><font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"c=
olor: rgb(0, 0, 0);"><font style=3D"font-size: 14pt;"><b style><span><span>=
<span>

<b>StaalX' Next-Generation Platform &mdash; Advanced Tools for Smarter Stee=
l Procurement</b>

</span>

</span></span></b></font></font></p><p align=3D"justify" style=3D"line-heig=
ht:1.7;font-family:Arial,verdana;font-size:12px; color:#000000;padding:0px;=
margin: 0;text-align: justify; line-height: 17pt;"><font color=3D"#000000" =
face=3D"Arial, Helvetica" style=3D"font-size: 12pt;color:#000000;"><b><br><=
/b><font></font></font></p><p align=3D"justify" style=3D"font-family:Arial,=
verdana;font-size:12px; color:#000000;padding:0px;margin: 0;line-height: 17=
pt; text-align: justify;"><font color=3D"#000000" face=3D"Arial, Helvetica"=
 style=3D"font-size: 12pt;color:#000000;"><font color=3D"#000000" face=3D"A=
rial, Helvetica" style=3D"font-size: 12pt;color:#000000;"><font></font></fo=
nt></font></p><p align=3D"justify" style=3D"font-family:Arial,verdana;font-=
size:12px; color:#000000;padding:0px;margin: 0;line-height: 17pt; text-alig=
n: justify;"><font face=3D"Arial, Helvetica" style=3D"font-size: 12pt;"><fo=
nt face=3D"Arial, Helvetica" style=3D"font-size: 12pt;"><font></font>

<span>

</span></font></font></p><p align=3D"justify" style=3D"line-height:1.7;font=
-family:Arial,verdana;font-size:12px; color:#000000;padding:0px;margin: 0;t=
ext-align: justify; line-height: 17pt;"><font face=3D"Arial, Helvetica" sty=
le=3D"font-size: 12pt;"><font face=3D"Arial, Helvetica" style=3D"font-size:=
 12pt;"><font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"font-siz=
e: 12pt;color:#000000;"></font></font></font></p><span>

<p align=3D"justify" style=3D"line-height:1.7;font-family:Arial,verdana;fon=
t-size:12px; color:#000000;padding:0px;margin: 0;text-align: justify; line-=
height: 17pt;"><font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"f=
ont-size: 12pt;color:#000000;"><font><font><font>The new StaalX website is =
now live &mdash; and it&rsquo;s more than just rebar.</font></font></font><=
/font></p><p align=3D"justify" style=3D"line-height:1.7;font-family:Arial,v=
erdana;font-size:12px; color:#000000;padding:0px;margin: 0;text-align: just=
ify; line-height: 17pt;"><font color=3D"#000000" face=3D"Arial, Helvetica" =
style=3D"font-size: 12pt;color:#000000;"><font><font><br></font></font></fo=
nt></p><p align=3D"justify" style=3D"line-height:1.7;font-family:Arial,verd=
ana;font-size:12px; color:#000000;padding:0px;margin: 0;text-align: justify=
; line-height: 17pt;"><font color=3D"#000000" face=3D"Arial, Helvetica" sty=
le=3D"font-size: 12pt;color:#000000;"><font><font>We&rsquo;ve expanded our =
product range, streamlined quoting, and added flexible logistics options to=
 meet your business needs:</font></font></font></p><font><font><ul style=3D=
"font-size: 12pt; font-family: Arial, Helvetica; line-height: 17pt;"><li st=
yle=3D"font-size: 12pt; font-family: Arial, Helvetica; line-height: 17pt;">=
<p align=3D"justify" style=3D"line-height:1.7;font-family:Arial,verdana;fon=
t-size:12px; color:#000000;padding:0px;margin: 0;text-align: justify; line-=
height: 17pt;"><font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"f=
ont-size: 12pt;color:#000000;"><font><strong>Product Diversity</strong>: Br=
owse and source from a growing catalog beyond just rebar &mdash; including =
wire rod, wire mesh, and more products to come.</font></font></p><li style=
=3D"font-size: 12pt; font-family: Arial, Helvetica; line-height: 17pt;"><p =
align=3D"justify" style=3D"line-height:1.7;font-family:Arial,verdana;font-s=
ize:12px; color:#000000;padding:0px;margin: 0;text-align: justify; line-hei=
ght: 17pt;"><font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"font=
-size: 12pt;color:#000000;"><font><strong>Instant Quotes</strong>: Get real=
-time pricing and availability with zero wait time.</font></font></p><li st=
yle=3D"font-size: 12pt; font-family: Arial, Helvetica; line-height: 17pt;">=
<p align=3D"justify" style=3D"line-height:1.7;font-family:Arial,verdana;fon=
t-size:12px; color:#000000;padding:0px;margin: 0;text-align: justify; line-=
height: 17pt;"><font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"f=
ont-size: 12pt;color:#000000;"><font><strong>Flexible Fulfillment</strong>:=
 Order full or partial truckloads based on your exact demand &mdash; no ove=
rbuying.</font></font></p><li style=3D"font-size: 12pt; font-family: Arial,=
 Helvetica; line-height: 17pt;"><p align=3D"justify" style=3D"line-height:1=
.7;font-family:Arial,verdana;font-size:12px; color:#000000;padding:0px;marg=
in: 0;text-align: justify; line-height: 17pt;"><font color=3D"#000000" face=
=3D"Arial, Helvetica" style=3D"font-size: 12pt;color:#000000;"><font><stron=
g>Pay Later</strong>: Simplified procurement with net payment terms for qua=
lified buyers.</font></font></p><li style=3D"font-size: 12pt; font-family: =
Arial, Helvetica; line-height: 17pt;"><p align=3D"justify" style=3D"line-he=
ight:1.7;font-family:Arial,verdana;font-size:12px; color:#000000;padding:0p=
x;margin: 0;text-align: justify; line-height: 17pt;"><font color=3D"#000000=
" face=3D"Arial, Helvetica" style=3D"font-size: 12pt;color:#000000;"><font>=
<strong>Customer Pickup Options (Coming Soon)</strong>: Choose to pick up y=
our orders directly for added convenience and cost control.</font></font></=
p></ul><p align=3D"justify" style=3D"line-height:1.7;font-family:Arial,verd=
ana;font-size:12px; color:#000000;padding:0px;margin: 0;text-align: justify=
; line-height: 17pt;"><font color=3D"#000000" face=3D"Arial, Helvetica" sty=
le=3D"font-size: 12pt;color:#000000;"><font>Our platform is built for speed=
 of quotation and competitive pricing &mdash; so you can trade steel on you=
r terms.</font></font></p><p align=3D"justify" style=3D"line-height:1.7;fon=
t-family:Arial,verdana;font-size:12px; color:#000000;padding:0px;margin: 0;=
text-align: justify; line-height: 17pt;"><font color=3D"#000000" face=3D"Ar=
ial, Helvetica" style=3D"font-size: 12pt;color:#000000;"><font><br></font><=
/font></p><p align=3D"justify" style=3D"line-height:1.7;font-family:Arial,v=
erdana;font-size:12px; color:#000000;padding:0px;margin: 0;text-align: just=
ify; line-height: 17pt;"><font face=3D"Arial, Helvetica" style=3D"font-size=
: 12pt;"><font style>Explore the upgrades at&nbsp;<a data-saferedirecturl=
=3D"https://www.google.com/url?q=3Dhttps://www.staalx.com/&source=3Dgmail&u=
st=3D1752771278025000&usg=3DAOvVaw39IHtppJ6FNxCLypiC344G" href=3D"https://q=
prdy-zgph.maillist-manage.net/click/1c08f772a416c7c5/1c08f772a416c044" rel=
=3D"noopener noreferrer" style=3D"text-decoration:underline;color: rgb(0, 1=
08, 251);" target=3D"_blank" title=3D"https://www.staalx.com" zcurl_name=3D=
"l_5"><font color=3D"#006cfb" style=3D"color:#006cfb;">www.staalx.com</font=
></a>&nbsp;or g</font>et in touch today with&nbsp;<a href=3D"mailto:support=
@staalx.com?subject=3D" rel=3D"noopener noreferrer" style=3D"text-decoratio=
n:underline;color: rgb(0, 108, 251);" target=3D"_blank" title=3D"support@st=
aalx.com"><font color=3D"#006cfb" style=3D"color:#006cfb;">support@staalx.c=
om</font></a>&nbsp;to see the difference.</font></p></font></font>

</span><font face=3D"Arial, Helvetica" style=3D"font-size: 12pt;"><font fac=
e=3D"Arial, Helvetica" style=3D"font-size: 12pt;"><p align=3D"justify" styl=
e=3D"line-height:1.7;font-family:Arial,verdana;font-size:12px; color:#00000=
0;padding:0px;margin: 0;text-align: justify; line-height: 17pt;"><span styl=
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pt;font-size:12px;border:0px;padding:18px 7px 18px 7px;border-collapse:coll=
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=
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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;border-=
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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_1730997146187" 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_1730997146187" 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>
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       =09  </div>
</td></tr>
<tr><td class=3D"txtsize" id=3D"elm_1651460085610" style=3D" mso-table-lspa=
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se;" valign=3D"top">

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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:=
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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-zgph.maillist-manage.net/click/1c08f772a4=
16c7c5/1c08f772a416c048" style=3D"text-decoration:underline;border:0px;" ta=
rget=3D"_blank" zcurl_name=3D"l_8">
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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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</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-=
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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:17pt;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 componentlineheight=3D"17pt" style=3D"line-h=
eight: 17pt;"><p align=3D"justify" style=3D"line-height:1.7;font-family:Ari=
al,verdana;font-size:12px; color:#000000;padding:0px;margin: 0;text-align: =
justify;"><span>




















</span></p><p align=3D"justify" style=3D"line-height:1.7;font-family:Arial,=
verdana;font-size:12px; color:#000000;padding:0px;margin: 0;text-align: jus=
tify; line-height: 17pt;"><font color=3D"#000000" face=3D"Arial, Helvetica"=
 style=3D"color: rgb(0, 0, 0); font-size: 14pt;"><b><span><span>US import l=
ong steel pricing flat to down on limited demand with tariffs, reciprocal d=
eadlines extended</span></span></b></font></p>

<p align=3D"justify" style=3D"line-height:1.7;font-family:Arial,verdana;fon=
t-size:12px; color:#000000;padding:0px;margin: 0;text-align: justify; line-=
height: 17pt;"><font color=3D"#000000" face=3D"MS Serif, New York, serif" s=
tyle=3D"font-size: 12pt;color:#000000;">Thursday, 10 July 2025 17:55:24 (GM=
T+3) San Diego</font></p>

<p align=3D"justify" style=3D"line-height:1.7;font-family:Arial,verdana;fon=
t-size:12px; color:#000000;padding:0px;margin: 0;text-align: justify; line-=
height: 17pt;"><font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"f=
ont-size: 12pt;color:#000000;">&nbsp;</font></p>

<p align=3D"justify" style=3D"line-height:1.7;font-family:Arial,verdana;fon=
t-size:12px; color:#000000;padding:0px;margin: 0;text-align: justify; line-=
height: 17pt;"><font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"f=
ont-size: 12pt;color:#000000;"><span><span>US import rebar and wire rod pri=
cing was steady to slightly less this week as demand for import material re=
mains limited following the June 4 implementation of 50 percent steel tarif=
fs, market insiders told SteelOrbis. Uncertainty among steel importers rema=
ins heightened with many buyers and sellers sidelined pending an extended A=
ug. 1 deadline for affected countries to re-negotiate their current recipro=
cal tariff levels with the US Department of Commerce.</span></span></font><=
/p>

<p align=3D"justify" style=3D"line-height:1.7;font-family:Arial,verdana;fon=
t-size:12px; color:#000000;padding:0px;margin: 0;text-align: justify; line-=
height: 17pt;"><font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"f=
ont-size: 12pt;color:#000000;">&nbsp;</font></p>

<p align=3D"justify" style=3D"line-height:1.7;font-family:Arial,verdana;fon=
t-size:12px; color:#000000;padding:0px;margin: 0;text-align: justify; line-=
height: 17pt;"><font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"f=
ont-size: 12pt;color:#000000;"><span><span>Spot market insiders say long st=
eel importers, facing higher delivered costs amid ongoing 50 percent Sectio=
n 232 steel tariffs, report few buyers yet willing to accept their higher o=
ffers versus domestic material, even as domestic long steel prices have bee=
n moving higher since tariffs went into affect. This week, reports of limit=
ed import rebar sales at reduced prices were noted, as sellers attempt to m=
aintain cash flows as import demand stalls.</span>&nbsp;</span></font></p><=
p align=3D"justify" style=3D"line-height:1.7;font-family:Arial,verdana;font=
-size:12px; color:#000000;padding:0px;margin: 0;text-align: justify; line-h=
eight: 17pt;"><font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"fo=
nt-size: 12pt;color:#000000;"><span><br></span></font></p><p align=3D"justi=
fy" style=3D"line-height:1.7;font-family:Arial,verdana;font-size:12px; colo=
r:#000000;padding:0px;margin: 0;text-align: justify; line-height: 17pt;"><f=
ont color=3D"#000000" face=3D"Arial, Helvetica" style=3D"font-size: 12pt;co=
lor:#000000;"><span><span>&ldquo;So far, markets are flat this week,&rdquo;=
 remarked one import long steel insider. &ldquo;Demand (for imports) is jus=
t no good.&rdquo; &ldquo;I hear import offers slipped to $40/cwt from $42/c=
wt, maybe temporarily, since importers need to raise money,&rdquo; said ano=
ther import steel insider to SteelOrbis.</span></span></font></p>

<p align=3D"justify" style=3D"line-height:1.7;font-family:Arial,verdana;fon=
t-size:12px; color:#000000;padding:0px;margin: 0;text-align: justify; line-=
height: 17pt;"><font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"f=
ont-size: 12pt;color:#000000;">&nbsp;</font></p>

<p align=3D"justify" style=3D"line-height:1.7;font-family:Arial,verdana;fon=
t-size:12px; color:#000000;padding:0px;margin: 0;text-align: justify; line-=
height: 17pt;"><font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"f=
ont-size: 12pt;color:#000000;"><span><span>Reports indicate the doubling of=
 steel tariffs from 25 percent to 50 percent effective June 4 has increased=
 the delivered price of import rebar and wire rod by $6.00-7.00/cwt., makin=
g much imported material non-competitive against domestic supply. Recent pr=
ice increases by domestic mills has &ldquo;yet to increase domestic pricing=
 to the point where imported material makes sense,&rdquo; insiders said.</s=
pan></span></font></p>

<p align=3D"justify" style=3D"line-height:1.7;font-family:Arial,verdana;fon=
t-size:12px; color:#000000;padding:0px;margin: 0;text-align: justify; line-=
height: 17pt;"><font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"f=
ont-size: 12pt;color:#000000;">&nbsp;</font></p>

<p align=3D"justify" style=3D"line-height:1.7;font-family:Arial,verdana;fon=
t-size:12px; color:#000000;padding:0px;margin: 0;text-align: justify; line-=
height: 17pt;"><font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"f=
ont-size: 12pt;color:#000000;"><span><span>As high pre-tariff inventory con=
tinues to be drawn down on the US Gulf Coast, import rebar on a loaded truc=
k basis vicinity Houston is offered at $39-41/cwt, with most offers noted s=
lightly less on average at $40/cwt, off from $39-42/cwt., one week prior.</=
span></span></font></p>

<p align=3D"justify" style=3D"line-height:1.7;font-family:Arial,verdana;fon=
t-size:12px; color:#000000;padding:0px;margin: 0;text-align: justify; line-=
height: 17pt;"><font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"f=
ont-size: 12pt;color:#000000;">&nbsp;</font></p>

<p align=3D"justify" style=3D"line-height:1.7;font-family:Arial,verdana;fon=
t-size:12px; color:#000000;padding:0px;margin: 0;text-align: justify; line-=
height: 17pt;"><font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"f=
ont-size: 12pt;color:#000000;"><span><span>&ldquo;Current pricing is suppor=
ted by (import) inventory constraints, even as overall demand lags,&rdquo; =
reported one Gulf Coast long steel importer. &ldquo;Ongoing Section 232 tar=
iffs and pending negotiations with Mexico and Canada continue to cloud visi=
bility for new bookings.&rdquo;</span></span></font></p>

<p align=3D"justify" style=3D"line-height:1.7;font-family:Arial,verdana;fon=
t-size:12px; color:#000000;padding:0px;margin: 0;text-align: justify; line-=
height: 17pt;"><font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"f=
ont-size: 12pt;color:#000000;">&nbsp;</font></p>

<p align=3D"justify" style=3D"line-height:1.7;font-family:Arial,verdana;fon=
t-size:12px; color:#000000;padding:0px;margin: 0;text-align: justify; line-=
height: 17pt;"><font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"f=
ont-size: 12pt;color:#000000;"><span><span>Rebar inventory from Mexico stag=
ed in Texas on a loaded truck basis is offered steady at $39.50-42.50/cwt.,=
 little changed versus previous $40.00-$42.00/cwt., workable trading ranges=
 reported several weeks earlier.</span><span></span></span></font></p>

<p align=3D"justify" style=3D"line-height:1.7;font-family:Arial,verdana;fon=
t-size:12px; color:#000000;padding:0px;margin: 0;text-align: justify; line-=
height: 17pt;"><font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"f=
ont-size: 12pt;color:#000000;">&nbsp;</font></p>

<p align=3D"justify" style=3D"line-height:1.7;font-family:Arial,verdana;fon=
t-size:12px; color:#000000;padding:0px;margin: 0;text-align: justify; line-=
height: 17pt;"><font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"f=
ont-size: 12pt;color:#000000;"><span><span>Insiders say foreign producers c=
ontinue to avoid the US markets until there&rsquo;s more clarity on tariffs=
. On July 7, US President Trump issued an executive order extending the dea=
dline for reciprocal tariff negotiations to be completed from July 9 to Aug=
. 1 as few country-specific deals remained inked. Fourteen major US trading=
 partners received letters from the US administration stating individual ta=
riff levels ranging between 25-40 percent in addition to any existing secto=
r-specific tariffs.</span></span></font></p>

<p align=3D"justify" style=3D"line-height:1.7;font-family:Arial,verdana;fon=
t-size:12px; color:#000000;padding:0px;margin: 0;text-align: justify; line-=
height: 17pt;"><font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"f=
ont-size: 12pt;color:#000000;">&nbsp;</font></p>

<p align=3D"justify" style=3D"line-height:1.7;font-family:Arial,verdana;fon=
t-size:12px; color:#000000;padding:0px;margin: 0;text-align: justify; line-=
height: 17pt;"><font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"f=
ont-size: 12pt;color:#000000;"><span><span>&ldquo;With little foreign mater=
ial on the water, competition from imports remains limited for now,&rdquo; =
the long steel importer added. &ldquo;Especially, as sellers are reluctant =
to discount heavily in a low-volume environment.&rdquo;</span></span></font=
></p>

<p align=3D"justify" style=3D"line-height:1.7;font-family:Arial,verdana;fon=
t-size:12px; color:#000000;padding:0px;margin: 0;text-align: justify; line-=
height: 17pt;"><font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"f=
ont-size: 12pt;color:#000000;">&nbsp;</font></p>

<p align=3D"justify" style=3D"line-height:1.7;font-family:Arial,verdana;fon=
t-size:12px; color:#000000;padding:0px;margin: 0;text-align: justify; line-=
height: 17pt;"><font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"f=
ont-size: 12pt;color:#000000;"><span><span>Long steel insiders continue to =
report price volatility could continue through July and now into August, as=
 the market re-calibrates around new costs, continuing trade policy uncerta=
inty, and potential retaliation from Canada and Mexico&nbsp; against the US=
, especially if tariff levels between the US&rsquo;s two major trading part=
ners fail to be re-negotiated before the revised August deadline. US Presid=
ent Trump stated this week in media reports that there will be no additiona=
l extensions for reciprocal tariffs.&nbsp;</span></span></font></p><p align=
=3D"justify" style=3D"line-height:1.7;font-family:Arial,verdana;font-size:1=
2px; color:#000000;padding:0px;margin: 0;text-align: justify; line-height: =
17pt;"><font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"font-size=
: 12pt;color:#000000;"><span><span><span><br></span></span></span></font></=
p><p align=3D"justify" style=3D"line-height:1.7;font-family:Arial,verdana;f=
ont-size:12px; color:#000000;padding:0px;margin: 0;text-align: justify; lin=
e-height: 17pt;"><font color=3D"#000000" face=3D"Arial, Helvetica" style=3D=
"font-size: 12pt;color:#000000;"><span><span><span>In the wire rod markets,=
 workable spot trade offers are yet again heard at $45-46/cwt., though few =
trades are expected to occur as import pricing remains higher than availabl=
e delivered domestic supply, even as wire rod output reports from the recen=
tly restarted Liberty Steel wire and rod plant in Peoria, Illinois were una=
vailable.</span></span></span></font></p>

<p align=3D"justify" style=3D"line-height:1.7;font-family:Arial,verdana;fon=
t-size:12px; color:#000000;padding:0px;margin: 0;text-align: justify; line-=
height: 17pt;"><font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"f=
ont-size: 12pt;color:#000000;">&nbsp;</font></p><p align=3D"justify" style=
=3D"line-height:1.7;font-family:Arial,verdana;font-size:12px; color:#000000=
;padding:0px;margin: 0;text-align: justify; line-height: 17pt;"><font color=
=3D"#000000" face=3D"Arial, Helvetica" style=3D"font-size: 12pt;color:#0000=
00;"><br></font></p><p align=3D"justify" style=3D"font-family:Arial,verdana=
;font-size:12px; color:#000000;padding:0px;margin: 0;line-height: 17pt; tex=
t-align: justify;"><font color=3D"#000000" style=3D"color: rgb(0, 0, 0);">




















</font></p><p align=3D"justify" style=3D"line-height:1.7;font-family:Arial,=
verdana;font-size:12px; color:#000000;padding:0px;margin: 0;text-align: jus=
tify; font-family: Arial, Helvetica; line-height: 17pt;"><font color=3D"#00=
0000" style=3D"color: rgb(0, 0, 0);"><font color=3D"#000000" face=3D"Arial,=
 Helvetica" style=3D"color: rgb(0, 0, 0); font-size: 14pt;"><b><span><span>=
US domestic rebar up slightly while wire rod stays flat though construction=
 demand remains insufficient</span></span></b></font></font></p><font color=
=3D"#000000" style=3D"color: rgb(0, 0, 0);">

<p align=3D"justify" style=3D"line-height:1.7;font-family:Arial,verdana;fon=
t-size:12px; color:#000000;padding:0px;margin: 0;text-align: justify; font-=
size: 12pt; line-height: 17pt;"><font color=3D"#000000" face=3D"MS Serif, N=
ew York, serif" style=3D"font-size: 12pt; color: rgb(0, 0, 0);">Friday, 11 =
July 2025 22:50:02 (GMT+3) San Diego</font></p>

<p align=3D"justify" style=3D"line-height:1.7;font-family:Arial,verdana;fon=
t-size:12px; color:#000000;padding:0px;margin: 0;text-align: justify; font-=
family: Arial, Helvetica; font-size: 12pt; line-height: 17pt;"><font color=
=3D"#000000" face=3D"Arial, Helvetica" style=3D"font-size: 12pt;color:#0000=
00;">&nbsp;</font></p>

<p align=3D"justify" style=3D"line-height:1.7;font-family:Arial,verdana;fon=
t-size:12px; color:#000000;padding:0px;margin: 0;text-align: justify; font-=
family: Arial, Helvetica; font-size: 12pt; line-height: 17pt;"><font color=
=3D"#000000" face=3D"Arial, Helvetica" style=3D"font-size: 12pt;color:#0000=
00;"><span><span>US domestic rebar moves up slightly while wire rod stays f=
lat as scrap remains sideways in July. &ldquo;The demand [for longs] is sti=
ll not good,&rdquo; according to a SteelOrbis insider. Many construction co=
ntracts have been delayed due to the tariffs initiated by President Trump b=
ack in June. Since construction material prices have spiked, companies like=
 Unistress Corp., in Massachusetts, have been forced to lay off hundreds of=
 their employees. Still, the suppliers in the rebar segment seem to be a bi=
t bullish in their pricing, most probably due the limited supply on the imp=
ort side.</span></span></font></p>

<p align=3D"justify" style=3D"line-height:1.7;font-family:Arial,verdana;fon=
t-size:12px; color:#000000;padding:0px;margin: 0;text-align: justify; font-=
family: Arial, Helvetica; font-size: 12pt; line-height: 17pt;"><font color=
=3D"#000000" face=3D"Arial, Helvetica" style=3D"font-size: 12pt;color:#0000=
00;">&nbsp;</font></p>

<p align=3D"justify" style=3D"line-height:1.7;font-family:Arial,verdana;fon=
t-size:12px; color:#000000;padding:0px;margin: 0;text-align: justify; font-=
family: Arial, Helvetica; font-size: 12pt; line-height: 17pt;"><font color=
=3D"#000000" face=3D"Arial, Helvetica" style=3D"font-size: 12pt;color:#0000=
00;"><span><span>In the weekly rebar spot markets, domestic supply on an FO=
B mill basis was assessed with most transactions noted at $41.00-42.00/cwt,=
 ($820-840/nt or $904-926/mt), on average $41.50/cwt, ($830/nt or $915/mt),=
 up $1.00/cwt, ($20/nt or $22/mt), from seven days ago.</span></span></font=
></p>

<p align=3D"justify" style=3D"line-height:1.7;font-family:Arial,verdana;fon=
t-size:12px; color:#000000;padding:0px;margin: 0;text-align: justify; font-=
family: Arial, Helvetica; font-size: 12pt; line-height: 17pt;"><font color=
=3D"#000000" face=3D"Arial, Helvetica" style=3D"font-size: 12pt;color:#0000=
00;">&nbsp;</font></p>

<p align=3D"justify" style=3D"line-height:1.7;font-family:Arial,verdana;fon=
t-size:12px; color:#000000;padding:0px;margin: 0;text-align: justify; font-=
family: Arial, Helvetica; font-size: 12pt; line-height: 17pt;"><font color=
=3D"#000000" face=3D"Arial, Helvetica" style=3D"font-size: 12pt;color:#0000=
00;"><span><span>In the domestic wire rod market, most transactions were re=
ported this week at $46.50-47.50/cwt ($930-950/nt or $1,025-1,047/mt), or a=
n average of $47.00/cwt ($940/nt or $1,036/mt), unchanged from seven days a=
go. Liberty Steel still remains active as of this week.</span></span></font=
></p><p align=3D"justify" style=3D"line-height:1.7;font-family:Arial,verdan=
a;font-size:12px; color:#000000;padding:0px;margin: 0;text-align: justify; =
font-family: Arial, Helvetica; font-size: 12pt; line-height: 17pt;"><font c=
olor=3D"#000000" face=3D"Arial, Helvetica" style=3D"font-size: 12pt;color:#=
000000;"><span><br></span></font></p><p align=3D"justify" style=3D"line-hei=
ght:1.7;font-size:12px; color:#000000;padding:0px;margin: 0;font-family: Ar=
ial, Helvetica; line-height: 17pt; text-align: justify;"><font color=3D"#00=
0000" face=3D"Arial, Helvetica" style=3D"color: rgb(0, 0, 0);">

</font></p><p align=3D"justify" style=3D"line-height:1.7;font-family:Arial,=
verdana;font-size:12px; color:#000000;padding:0px;margin: 0;text-align: jus=
tify; line-height: 17pt;"><font color=3D"#000000" face=3D"Arial, Helvetica"=
 style=3D"color: rgb(0, 0, 0);"><font color=3D"#000000" face=3D"Arial, Helv=
etica" style=3D"color: rgb(0, 0, 0);"><font style><font style=3D"font-size:=
 14pt;"><b style><span><span>US scrap prices stable in July as tighter loca=
l supply balanced by low export demand, weak currency</span></span></b></fo=
nt></font></font></font></p><font color=3D"#000000" style=3D"color: rgb(0, =
0, 0);"><font style=3D"font-size: 12pt;"><p align=3D"justify" style=3D"line=
-height:1.7;font-family:Arial,verdana;font-size:12px; color:#000000;padding=
:0px;margin: 0;text-align: justify; line-height: 17pt;"><font color=3D"#000=
000" style=3D"font-size: 12pt; color: rgb(0, 0, 0);"><font face=3D"MS Serif=
, New York, serif" style>Tuesday, 08 July 2025 17:49:10 (GMT+3) San Diego</=
font></font></p><p align=3D"justify" style=3D"line-height:1.7;font-family:A=
rial,verdana;font-size:12px; color:#000000;padding:0px;margin: 0;text-align=
: justify; font-family: Arial, Helvetica; line-height: 17pt;"><font color=
=3D"#000000" face=3D"Arial, Helvetica" style=3D"font-size: 12pt;color:#0000=
00;"><font>&nbsp;</font></font></p><p align=3D"justify" style=3D"line-heigh=
t:1.7;font-family:Arial,verdana;font-size:12px; color:#000000;padding:0px;m=
argin: 0;text-align: justify; font-family: Arial, Helvetica; line-height: 1=
7pt;"><font color=3D"#000000" face=3D"Arial, Helvetica" style=3D"font-size:=
 12pt;color:#000000;"><font><span><span>Prices for US ferrous scrap for Jul=
y delivery in the Ohio Valley and the Northeast remained unchanged this mon=
th compared to June. Continued reports of tightening domestic inventory wer=
e balanced by limited export demand and general weakness in international c=
urrency markets following the June 4 increase in Section 232 steel and alum=
inum tariffs from 25 percent to 50 percent.&nbsp;</span></span></font></fon=
t></p><p align=3D"justify" style=3D"line-height:1.7;font-family:Arial,verda=
na;font-size:12px; color:#000000;padding:0px;margin: 0;text-align: justify;=
 font-family: Arial, Helvetica; line-height: 17pt;"><font color=3D"#000000"=
 face=3D"Arial, Helvetica" style=3D"font-size: 12pt;color:#000000;"><font><=
span><span><br></span></span></font></font></p><p align=3D"justify" style=
=3D"line-height:1.7;font-family:Arial,verdana;font-size:12px; color:#000000=
;padding:0px;margin: 0;text-align: justify; font-family: Arial, Helvetica; =
line-height: 17pt;"><font color=3D"#000000" face=3D"Arial, Helvetica" style=
=3D"font-size: 12pt;color:#000000;"><font><span><span>US settled prices are=
 below:</span></span></font></font></p></font></font><p align=3D"justify" s=
tyle=3D"line-height:1.7;font-family:Arial,verdana;font-size:12px; color:#00=
0000;padding:0px;margin: 0;text-align: justify;"></p></font><p align=3D"jus=
tify" style=3D"line-height:1.7;font-family:Arial,verdana;font-size:12px; co=
lor:#000000;padding:0px;margin: 0;text-align: justify;"></p>





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p><h4 style=3D"font-family:Arial,verdana,Helvetica, sans-serif;font-size: 2=
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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><=
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<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=
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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=
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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>
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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=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=
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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=
rder-top:none none none;border-bottom:none none none;padding-top:7px;paddin=
g-bottom:7px;padding-right:15px;padding-left:15px;">
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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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vml" xmlns:w=3D"urn:schemas-microsoft-com:office:office" href=3D"https://qp=
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=09=09=09=09=09            <center style=3D"direction:ltr;color:#ffffff;fon=
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list-manage.net/click/1c08f772a416c7c5/1c08f772a416c04a" style=3D"padding:0=
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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
=09=09=09 <div class=3D"zpelement-wrapper divider" id=3D"elm_1657641362463"=
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=09=09=09 <tbody><tr><td class=3D"txtsize" style=3D" mso-table-lspace:0pt; =
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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=
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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;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>
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</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=
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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=
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"=
 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>
=09=09=09</td></tr>
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       =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=
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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=
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tion:underline;display: block;font-size: 1px;" target=3D"_blank" zcurl_name=
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h: 40px; height: 40px;" vspace=3D"10" width=3D"35"></a> </td></tr><tr><td a=
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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=
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table align=3D"left" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" style=
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splay: block;font-size: 1px;" target=3D"_blank" zcurl_name=3D"l_12"><img al=
t=3D"Facebook" height=3D"35" src=3D"https://stratus.campaign-image.com/imag=
es/867215000020103004_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-zgph.maillist-manage.net/click/1c08f772a416c7c5=
/1c08f772a416c052" style=3D"display: block;font-size: 1px;font-weight: norm=
al;line-height: normal;text-align: center;text-decoration: none;" target=3D=
"_blank" zcurl_name=3D"l_13"><p fntname=3D"Arial" fntsze=3D"10" style=3D"fo=
nt-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></tabl=
e></td></tr></tbody></table></td></tr></tbody></table></td><td align=3D"lef=
t" 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;" valign=3D"top"><table align=3D"left=
" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" style=3D" mso-table-lspa=
ce:0pt; mso-table-rspace:0pt;font-size:12px;border-collapse: collapse;borde=
r: none;"><tbody><tr><td style=3D"border-collapse:collapse; mso-table-lspac=
e:0pt; font-size:12px;font-family:Arial, Helvetica, sans-serif; mso-table-r=
space:0pt;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" cellspacing=3D"0" style=3D" mso-table-lspace:0pt; mso-table-rspace:0=
pt;font-size:12px;border-collapse: separate;border: none;"><tbody><tr><td a=
lign=3D"left" style=3D"border-collapse:collapse; mso-table-lspace:0pt; font=
-size:12px;font-family:Arial, Helvetica, sans-serif; mso-table-rspace:0pt;f=
ont-size:12px;padding:7px;padding-top: 0px;padding-right: 9px;padding-botto=
m: 0px;padding-left: 9px;border:none;" valign=3D"middle"> <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;" width><tbody><tr><td align=3D"center" name=3D"sclwdgtimges" st=
yle=3D"border-collapse:collapse; mso-table-lspace:0pt; font-size:12px;font-=
family:Arial, Helvetica, sans-serif; mso-table-rspace:0pt;font-size:12px;bo=
rder: none;padding: 0px;margin: 0px;padding-bottom: 6px;" valign=3D"middle"=
> <a href=3D"https://qprdy-zgph.maillist-manage.net/click/1c08f772a416c7c5/=
1c08f772a416c054" style=3D"text-decoration:underline;display: block;font-si=
ze: 1px;" target=3D"_blank" zcurl_name=3D"l_14"><img alt=3D"Instagram" heig=
ht=3D"35" src=3D"https://stratus.campaign-image.com/images/8672150000201030=
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utline: none; text-decoration: none; width: 40px; height: 40px;" vspace=3D"=
10" width=3D"35"></a> </td></tr><tr><td align=3D"center" name=3D"sclwdgtcap=
tns" 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"middle"><a href=3D"ht=
tps://qprdy-zgph.maillist-manage.net/click/1c08f772a416c7c5/1c08f772a416c05=
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ame=3D"l_15"><p fntname=3D"Arial" fntsze=3D"10" style=3D"font-family:Arial,=
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rmal; font-family: Arial, Helvetica, sans-serif; color: rgb(27, 107, 189); =
font-size: 10pt;">Instagram</p></a> </td></tr></tbody></table></td></tr></t=
body></table></td></tr></tbody></table></td><td align=3D"left" style=3D"bor=
der-collapse:collapse; mso-table-lspace:0pt; font-size:12px;font-family:Ari=
al, Helvetica, sans-serif; mso-table-rspace: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-tab=
le-rspace:0pt;font-size:12px;border-collapse: collapse;border: none;"><tbod=
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e:12px;font-family:Arial, Helvetica, sans-serif; mso-table-rspace:0pt;font-=
size:12px;padding-right: 9px;padding-bottom: 9px;border:none;padding: 0px;m=
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ing=3D"0" style=3D" mso-table-lspace:0pt; mso-table-rspace:0pt;font-size:12=
px;border-collapse: separate;border: none;"><tbody><tr><td align=3D"left" s=
tyle=3D"border-collapse:collapse; mso-table-lspace:0pt; font-size:12px;font=
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adding: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" style=3D" mso-table-lspace:0pt; mso-=
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dth><tbody><tr><td align=3D"center" name=3D"sclwdgtimges" style=3D"border-c=
ollapse:collapse; mso-table-lspace:0pt; font-size:12px;font-family:Arial, H=
elvetica, sans-serif; mso-table-rspace:0pt;font-size:12px;border: none;padd=
ing: 0px;margin: 0px;padding-bottom: 6px;" valign=3D"middle"> <a href=3D"ht=
tps://qprdy-zgph.maillist-manage.net/click/1c08f772a416c7c5/1c08f772a416c05=
8" style=3D"text-decoration:underline;display: block;font-size: 1px;" targe=
t=3D"_blank" zcurl_name=3D"l_16"><img alt=3D"X" height=3D"35" src=3D"https:=
//stratus.campaign-image.com/images/867215000020103004_4_1715205012513_zcsc=
lwgttwt1.png" style=3D"border: 0px; margin: 0px; outline: none; text-decora=
tion: none; width: 40px; height: 40px;" vspace=3D"10" width=3D"35"></a> </t=
d></tr><tr><td align=3D"center" name=3D"sclwdgtcaptns" 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:none;padding:=
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-manage.net/click/1c08f772a416c7c5/1c08f772a416c05a" style=3D"display: bloc=
k;font-size: 1px;font-weight: normal;line-height: normal;text-align: center=
;text-decoration: none;" target=3D"_blank" zcurl_name=3D"l_17"><p fntname=
=3D"Arial" fntsze=3D"10" style=3D"font-family:Arial,verdana;font-size:12px;=
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l, Helvetica, sans-serif; color: rgb(27, 107, 189); font-size: 10pt;">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></tbo=
dy></table>=09
=09=09=09=09=09=09=09</td></tr>
=09=09=09            </tbody></table>=09
=09=09            </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">

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r:#ffffff;">
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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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ollapse; mso-table-lspace:0pt; mso-table-rspace:0pt;border:0px;padding:7px =
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ight=3D"17pt" componentpaddingbottom=3D"5px" componentpaddingleft=3D"100px"=
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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>=
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r; line-height: 17pt;"><font color=3D"#444343" face=3D"Arial, Helvetica" st=
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=09=09=09=09=09</tr>=20
=09=09=09=09=09</tbody></table>
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