Market ConditionsContinued weakness in global steel markets and significant challenges from extreme winter weather have pressured first quarter operations.
Revenue PerformanceRevenues fell short of expectations as shipments of 4.1M tons were below estimates, and the average realized price/ton missed the forecast due to weak global steel demand.
Sales GuidanceWeather and market headwinds have driven sales guidance lower, prompting a reduction in full-year met shipment guidance by 0.5M tons.