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  "presentationDate": "2023-06-01 00:00:00",
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      "text": "Downstream product margins over scrap expanded significantly compared to the prior year period\nImproved by approximately $300 per ton y/y\nNorth America finished steel volumes reflected good underlying demand levels and a typical seasonal rebound from Q2\nMajor planned outage to replace a rolling line split between Q3 and Q4\nNorth America controllable costs per ton of finished steel declined meaningfully from the sequential quarter on improved fixed cost leverage, lower per-unit costs for key consumables, and a lower cost burden related to major planned maintenance outages\nEurope segment results negatively impacted year-over-year by a lower steel pricing environment, higher energy costs, and a reduction in shipments\nSteel product margin over scrap declined $111 per ton from a year ago\nEnergy costs increased by ~$60 per ton y/y\nEurope maintained profitability and historically high shipment volumes within a challenging market environment\nLeveraged strong competitive cost position and operational flexibility to address market opportunities",
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      "text": "Q4 financial results are expected to be historically strong\nNorth America finished steel shipments should be consistent with Q3 levels, supported by end market strength and a robust downstream backlog\nNorth America segment margins are expected to be similar to Q3\nFinancial results in Europe are anticipated to be relatively unchanged vs. Q3",
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