This is because prices of steel across the platform have been improving throughout the quarter aided by strong steel demand in domestic market. Moreover, Steel Dynamics expects this improving steel consumption and pricing momentum to continue during the year supported by strong steel demand fundamentals and customer optimism. The company also believes the recent steel trade actions taken by the U.S. Federal Administration are likely to reduce imports. Steel Dynamics anticipates profitability of its metals recycling platform to improve sequentially on the back of higher shipments as the demand for recycled ferrous material from the domestic steel sector increased during the quarter. However, earnings of its steel fabrication business are expected to decline sequentially due to seasonally lower shipments. Notably, the seasonally adjusted fabrication order backlog of the company is strong and the demand for the non-residential construction sector remains solid.