— Net sales decreased by 18% to $2.37 billion during the three-month period from $2.90 billion last year, vs. $2.47 billion expected
— Operating income from steel operations dropped 16% sequentially to $201 million, based on two planned steel mill outages
— Completed significant planned maintenance outages at Butler and Columbus Flat Roll divisions
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— Average external product selling price for steel operations decreased sequentially to $764 per ton
— Generated strong Q4 cash flow from operations of $409 million and executed inaugural investment grade notes offering