Financial StrategyAbout 90% of the total C$850m capex was reportedly committed on fixed prices, which should reduce capex risk.
ProfitabilityTransformation from BoF-based steelmaking to EAF will translate to higher through-cycle profitability, lower costs, and higher multiples over time.
Project ManagementThe EAF project remains on schedule to commence commissioning by calendar year-end, which should reduce capex risk.