SMU November HR Coil $830 up $35 from Oct. Posco MOU with Cliffs to purchase 10% stake. HRC lead times at several mills is into January. Steel mills year end maintenance is complete. Nippon/USS updates $11B investment strategy completition by 2028, upgrading HSM at Gary Works, evaluating a new HSM at Mon Valley, a DRI facility at Big River and a new integrated mill. HR lead time 4-7 weeks, CR lead time 5-8 weeks. US steel mills Nov capacity utilization is 76.7%. SMU November CR Coil $1,020 up $30 from Oct. November Chicago #1 Bush $390 flat from Oct. Zinc is $1.45LB. $1 U.S. Dollar = $1.40 Canadian Dollar.