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      "text": "North America - Key Margins\n$ / ton\nQ3 '22 Q4 '22 Q1 '23 Q2 '23 Q3 '23\nAdjusted EBITDA per Ton of Finished Steel Shipped\nDownstream Products Margin Over Scrap (1 Qtr Lag) [2]\nSteel Products Margin Over Scrap [3]",
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      "text": "North America Indexed Margins and Controllable Costs\nIndexed - $ / ton of external finished steel shipped\nQ3 '22 Q4 '22 Q1 '23 Q2 '23 Q3 '23\nAdjusted EBITDA per ton\nWgt Avg Finished Steel Mgn Over Scrap [4]\nControllable Costs",
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      "text": "Increased downstream product margins over scrap\nUp approximately $300 per ton y/y\nFull value chain profitability on sales of downstream products above long-term average\nMeaningful contribution to sequential EBITDA improvement from lower controllable costs per ton\nImproved fixed cost leverage, lower per-unit costs for key consumables, lower cost burden\nrelated to major planned maintenance projects\nContribution from Tensar ($13.6 million of EBITDA)\nLower steel product margins over scrap cost negatively impacted sequential and y/y performance",
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      "text": "Notes:\n[1] External Finished Steel Tons Shipped equal to shipments of Steel Products plus Downstream Products\n[2] Downstream Product Margin Over Scrap equals Average Selling Price minus cost of ferrous scrap utilized during the prior quarter\n[3] Steel Products Margin Over Scrap equals Average Selling Price minus Cost of ferrous scrap utilized\n[4] Weighted average finished steel margin over scrap equals weighted average selling price of steel products and downstream products\nminus cost of ferrous scrap utilized",
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      "text": "Q3 FY23 Supplemental Slides | June 22, 2023 13",
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      "text": "External Finished Steel Tons Shipped [1] 1,178 1,132 1,086 972 1,169\nAdjusted EBITDA $379,355 $370,516 $377,956 $299,311 $402,175\nAdjusted EBITDA per Ton of Finished Steel Shipped $322 $327 $348 $308 $344\nAdjusted EBITDA Margin 18.7% 18.5% 20.8% 18.2% 20.2%",
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