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      "text": "Status\nOperational startup underway\nProducing for commercial sale in Q4 2023\nInitial ramp-up on rebar, before commissioning merchant\nStrategic Benefits\nMill network optimization\nExtension of merchant bar footprint to West Coast\nOn-site optimization with original AZ micro mill\nLeverage shared infrastructure and staffing, improved production planning\nPlant Highlights\nFirst micro mill in the world capable of both rebar and merchant bar production in a continuous process\n500k tons of capacity, including 150k tons of merchant\nOutlook\nExpect EBITDA breakeven during Q1 FY 2024\nTargeting FY 2024 production of approximately 400k tons\nAnticipated through-the-cycle annual EBITDA of $70M to $80M\nEarnings at run-rate volumes should be above expected through-the-cycle levels within current market conditions",
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      "text": "CMC's mill projects are expected to provide significant network optimization opportunities\nNew mill sites will enhance geographical reach and scale within key steel consuming markets\nTotal incremental annual through-the-cycle EBITDA is expected in the range of $140 million to $160 million\nProject economics for both mills benefit from significant capital cost offsets:\nArizona 2: sale of former California steelmaking site\nSteel West Virginia: upfront incentives from state and local agencies",
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      "text": "Status\nExpect groundbreaking this summer\nStrategic Benefits\nNetwork optimization across Eastern U.S. footprint\nImproved logistics, production planning, enhanced customer service capabilities\nPlant Highlights\nStrategically located to serve dense Northeast and Mid-Atlantic markets, as well as the Midwest\nOutlook\nExpect startup in calendar 2025\nAnticipated through-the-cycle annual EBITDA of $70M to $80M",
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      "text": "Q3 FY23 Supplemental Slides | June 22, 2023 5",
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