Says blast furnace re-line has been moved to 2026. Says expects annual capital expenditures of $700M for 2023, 2024 and 2025. Says expects near-term cost coming down in Q3 and Q4. Says hydrogen will be real game changer for decarbonization for steel, but economics is the real challenge. Says seen massive influx of orders related to solar products. Says service center industries remain way too low. Sas expects coal price to decrease year over year by a significant percentage. Comments taken from Q2 earnings conference call.
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