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0.12156862745098039 0.12549019607843137 rg BT 375.49 664.15 Td (2017 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.00 664.15 Td (\(2017 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.50 664.15 Td (MD&A\). ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.48 664.15 Td (Our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.97 664.15 Td (September ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.48 664.15 Td (30, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.47 664.15 Td (2018 ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 653.35 Td (Consolidated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.13 653.35 Td (Financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.24 653.35 Td (Statements ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.86 653.35 Td (have ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.47 653.35 Td (been ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.59 653.35 Td (prepared ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.71 653.35 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.81 653.35 Td (accordance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.44 653.35 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.54 653.35 Td (International ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.55 653.35 Td (Accounting ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.18 653.35 Td (Standard ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.80 653.35 Td (\(IAS\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.40 653.35 Td (34, ) Tj ET Q BT /F4 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 535.00 653.35 Td (Interim ) Tj ET Q BT /F4 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 642.55 Td (Financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.02 642.55 Td (Reporting ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.54 642.55 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.06 642.55 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.57 642.55 Td (presented ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.10 642.55 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.60 642.55 Td (millions ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.11 642.55 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.12 642.55 Td (Canadian ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.15 642.55 Td (dollars ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.16 642.55 Td (unless ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.68 642.55 Td (otherwise ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.69 642.55 Td (indicated.) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.22 642.55 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 625.75 Td (These ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.34 625.75 Td (documents, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.69 625.75 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.03 625.75 Td (well ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.36 625.75 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.69 625.75 Td (additional ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.05 625.75 Td (information ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.40 625.75 Td (relating ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.74 625.75 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.08 625.75 Td (Stelco, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.42 625.75 Td (including ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.77 625.75 Td (Holdings' ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.34 625.75 Td (2017 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.63 625.75 Td (Annual ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.48 625.75 Td (Information ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.33 625.75 Td (Form, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 536.65 625.75 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.98 625.75 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 614.95 Td (year ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.44 614.95 Td (ended ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.91 614.95 Td (December ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.86 614.95 Td (31, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.80 614.95 Td (2017 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.26 614.95 Td (\(2017 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.03 614.95 Td (AIF\)) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.03 614.95 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.97 614.95 Td (have ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.92 614.95 Td (been ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.38 614.95 Td (filed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.32 614.95 Td (electronically ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.78 614.95 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.22 614.95 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.17 614.95 Td (Canadian ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.13 614.95 Td (securities ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.58 614.95 Td (regulators ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.04 614.95 Td (through ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 550.00 614.95 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 604.15 Td (System ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.39 604.15 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.78 604.15 Td (Electronic ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.18 604.15 Td (Document ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.71 604.15 Td (Analysis ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.11 604.15 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.01 604.15 Td (Retrieval ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.41 604.15 Td (\(SEDAR\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.29 604.15 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.19 604.15 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.09 604.15 Td (available ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.50 604.15 Td (through ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.91 604.15 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.30 604.15 Td (SEDAR ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 455.20 604.15 Td (website ) Tj ET Q q 0 0 0 rg BT 487.60 604.15 Td (at ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 496.98974609375 602.866796875 m 560.01171875 602.866796875 l s q 0 0 1 rg BT 496.99 604.15 Td (www) Tj ET Q q 0 0 1 rg BT 515.99 604.15 Td (.sedar) Tj ET Q q 0 0 1 rg BT 540.51 604.15 Td (.com) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 560.01 604.15 Td (.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 49.50 586.15 Td (FOR) Tj ET Q q 0 0 0 rg BT 70.43 586.15 Td (W) Tj ET Q q 0 0 0 rg BT 79.31 586.15 Td (ARD-LOOKING INFORMA) Tj ET Q q 0 0 0 rg BT 199.67 586.15 Td (TION) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 223.56 586.15 Td ( ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 569.35 Td (Certain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.40 569.35 Td (information ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.80 569.35 Td (included ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.21 569.35 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.10 569.35 Td (this ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.99 569.35 Td (MD&A) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.49 569.35 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.38 569.35 Td (contains ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.78 569.35 Td (forward-looking ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.20 569.35 Td (information ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.60 569.35 Td (within ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.49 569.35 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.89 569.35 Td (meaning ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.30 569.35 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.69 569.35 Td (applicable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.10 569.35 Td (securities ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.00 569.35 Td (laws. ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 558.55 Td (This ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.04 558.55 Td (information ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.10 558.55 Td (includes, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.16 558.55 Td (but ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.20 558.55 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.24 558.55 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.29 558.55 Td (limited ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.83 558.55 Td (to, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.38 558.55 Td (statements ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.93 558.55 Td (made ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.98 558.55 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.53 558.55 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.07 558.55 Td () Tj ET Q BT /F4 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.07 558.55 Td (Business ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.12 558.55 Td (Overview; ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.67 558.55 Td (Strategy"; ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.41 558.55 Td () Tj ET Q BT /F4 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.41 558.55 Td (Review ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.46 558.55 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.50 558.55 Td (Quarterly ) Tj ET Q BT /F4 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 547.75 Td (Financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.86 547.75 Td (Results; ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.70 547.75 Td ("Results ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.24 547.75 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.09 547.75 Td (Operations"; ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.15 547.75 Td (Capital ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.50 547.75 Td (Resources ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.85 547.75 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.21 547.75 Td (Liquidity) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.23 547.75 Td (; ) Tj ET Q BT /F4 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.06 547.75 Td (Risk ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.90 547.75 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.25 547.75 Td (Uncertainties) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.77 547.75 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.11 547.75 Td (sections ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.46 547.75 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.31 547.75 Td (this ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.65 547.75 Td (MD&A) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 545.15 547.75 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 547.49 547.75 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 536.95 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.01 536.95 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.02 536.95 Td () Tj ET Q BT /F4 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.01 536.95 Td (Risk ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.01 536.95 Td (Factors) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.02 536.95 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.52 536.95 Td (section ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.53 536.95 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.04 536.95 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.05 536.95 Td (2017 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.08 536.95 Td (AIF) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.08 536.95 Td (. ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 520.15 Td (Forward-looking ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.75 520.15 Td (information ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.99 520.15 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.71 520.15 Td (relate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.94 520.15 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.17 520.15 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.90 520.15 Td (future ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.63 520.15 Td (outlook ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.37 520.15 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.11 520.15 Td (anticipated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.36 520.15 Td (events ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.60 520.15 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.32 520.15 Td (results ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.55 520.15 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.29 520.15 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.01 520.15 Td (include ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.25 520.15 Td (information ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.49 520.15 Td (regarding ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 509.35 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.07 509.35 Td (financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.66 509.35 Td (position, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.75 509.35 Td (business ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.84 509.35 Td (strategy) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.18 509.35 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.25 509.35 Td (growth ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.83 509.35 Td (strategy) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.18 509.35 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.24 509.35 Td (budgets, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.34 509.35 Td (operations, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.43 509.35 Td (financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.02 509.35 Td (results, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.59 509.35 Td (taxes, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.17 509.35 Td (plans ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.25 509.35 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.84 509.35 Td (objectives ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.42 509.35 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.50 509.35 Td (our ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 498.55 Td (Company) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.35 498.55 Td (. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.07 498.55 Td (Particularly) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.91 498.55 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.63 498.55 Td (information ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.37 498.55 Td (regarding ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.61 498.55 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.84 498.55 Td (expectations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.59 498.55 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.31 498.55 Td (future ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.54 498.55 Td (results, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.77 498.55 Td (performance, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.01 498.55 Td (achievements, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.26 498.55 Td (prospects ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.50 498.55 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 487.75 Td (opportunities ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.99 487.75 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.44 487.75 Td (forward-looking ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.92 487.75 Td (information. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.90 487.75 Td (In ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.36 487.75 Td (some ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.32 487.75 Td (cases, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.28 487.75 Td (forward-looking ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.77 487.75 Td (information ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.24 487.75 Td (can ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.70 487.75 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.67 487.75 Td (identified ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.65 487.75 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.11 487.75 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.57 487.75 Td (use ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.04 487.75 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.50 487.75 Td (forward-) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 476.95 Td (looking ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.92 476.95 Td (terminology ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.34 476.95 Td (such ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.25 476.95 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.65 476.95 Td () Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.49 476.95 Td (plans) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.84 476.95 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.24 476.95 Td () Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.08 476.95 Td (targets) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.43 476.95 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.82 476.95 Td () Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.66 476.95 Td (expects) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.51 476.95 Td () Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.18 476.95 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.08 476.95 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.98 476.95 Td () Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.82 476.95 Td (does ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.23 476.95 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.64 476.95 Td (expect) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.99 476.95 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.39 476.95 Td () Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.23 476.95 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.63 476.95 Td (expected) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.99 476.95 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.39 476.95 Td () Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.23 476.95 Td (an ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.13 476.95 Td (opportunity ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.56 476.95 Td (exists) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.40 476.95 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.80 476.95 Td () Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.64 476.95 Td (budget) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 558.00 476.95 Td (, ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 466.15 Td () Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 51.34 466.15 Td (scheduled) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.21 466.15 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.54 466.15 Td () Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.38 466.15 Td (estimates) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.73 466.15 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.07 466.15 Td () Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.91 466.15 Td (outlook) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.76 466.15 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.10 466.15 Td () Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.94 466.15 Td (forecasts) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.29 466.15 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.63 466.15 Td () Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.47 466.15 Td (projection) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.33 466.15 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.67 466.15 Td () Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.50 466.15 Td (prospects) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.36 466.15 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.70 466.15 Td () Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.53 466.15 Td (strategy) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.38 466.15 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.72 466.15 Td () Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.56 466.15 Td (intends) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.42 466.15 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.76 466.15 Td () Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.59 466.15 Td (anticipates) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.46 466.15 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.80 466.15 Td () Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.63 466.15 Td (does ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.99 466.15 Td (not ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 455.35 Td (anticipate) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.86 455.35 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.72 455.35 Td () Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.56 455.35 Td (believes) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.41 455.35 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.27 455.35 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.63 455.35 Td (variations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.50 455.35 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.37 455.35 Td (such ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.73 455.35 Td (words ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.10 455.35 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.47 455.35 Td (phrases ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.84 455.35 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.20 455.35 Td (state ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.07 455.35 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.44 455.35 Td (certain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.81 455.35 Td (actions, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.18 455.35 Td (events ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.06 455.35 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.41 455.35 Td (results ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.28 455.35 Td () Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.12 455.35 Td (may) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.95 455.35 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.81 455.35 Td () Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 532.65 455.35 Td (could) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 558.00 455.35 Td (, ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 444.55 Td () Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 51.34 444.55 Td (would) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.69 444.55 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.45 444.55 Td () Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.29 444.55 Td (might) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.13 444.55 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.89 444.55 Td () Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.73 444.55 Td (will) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.07 444.55 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.83 444.55 Td () Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.66 444.55 Td (will ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.42 444.55 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.70 444.55 Td (taken) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.55 444.55 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.31 444.55 Td () Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.15 444.55 Td (occur) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.49 444.55 Td () Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.33 444.55 Td () Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.99 444.55 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.26 444.55 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.52 444.55 Td () Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.36 444.55 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.63 444.55 Td (achieved) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.49 444.55 Td (. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.26 444.55 Td (In ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.02 444.55 Td (addition, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.31 444.55 Td (any ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.09 444.55 Td (statements ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.37 444.55 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.64 444.55 Td (refer ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.41 444.55 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.18 444.55 Td (expectations, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.47 444.55 Td (intentions, ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 433.75 Td (projections ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.04 433.75 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.06 433.75 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.60 433.75 Td (characterizations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.65 433.75 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.17 433.75 Td (future ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.21 433.75 Td (events ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.74 433.75 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.77 433.75 Td (circumstances ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.30 433.75 Td (contain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.34 433.75 Td (forward-looking ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.89 433.75 Td (information. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.93 433.75 Td (Statements ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.47 433.75 Td (containing ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 422.95 Td (forward-looking ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.98 422.95 Td (information ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.46 422.95 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.42 422.95 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.89 422.95 Td (historical ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.35 422.95 Td (facts ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.31 422.95 Td (but ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.78 422.95 Td (instead ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.76 422.95 Td (represent ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.73 422.95 Td (management) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.10 422.95 Td (s ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.56 422.95 Td (expectations, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.54 422.95 Td (estimates ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.01 422.95 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.98 422.95 Td (projections ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 412.15 Td (regarding ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.86 412.15 Td (future ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.20 412.15 Td (events ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.05 412.15 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.39 412.15 Td (circumstances. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.65 412.15 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.49 412.15 Td (forward-looking ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.35 412.15 Td (statements ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.70 412.15 Td (contained ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.07 412.15 Td (herein ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.42 412.15 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.76 412.15 Td (presented ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.12 412.15 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.95 412.15 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.80 412.15 Td (purpose ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.65 412.15 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.49 412.15 Td (assisting ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 401.35 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.85 401.35 Td (holders ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.20 401.35 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.54 401.35 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.38 401.35 Td (securities ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.23 401.35 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.08 401.35 Td (financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.94 401.35 Td (analysts ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.79 401.35 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.63 401.35 Td (understanding ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.51 401.35 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.35 401.35 Td (financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.21 401.35 Td (position ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.06 401.35 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.91 401.35 Td (results ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.26 401.35 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.60 401.35 Td (operations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.46 401.35 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.80 401.35 Td (at ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.14 401.35 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 551.99 401.35 Td (for ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 390.55 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.25 390.55 Td (periods ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.00 390.55 Td (ended ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.26 390.55 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.51 390.55 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.25 390.55 Td (dates ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.51 390.55 Td (presented, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.27 390.55 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.01 390.55 Td (well ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.75 390.55 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.49 390.55 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.74 390.55 Td (financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.99 390.55 Td (performance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.75 390.55 Td (objectives, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.51 390.55 Td (vision ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.75 390.55 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.00 390.55 Td (strategic ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.25 390.55 Td (goals, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.51 390.55 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.76 390.55 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.99 390.55 Td (not ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 379.75 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 62.01 379.75 Td (appropriate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.04 379.75 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.05 379.75 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.06 379.75 Td (purposes. ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 362.95 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.49 362.95 Td (forward-looking ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.50 362.95 Td (information ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.50 362.95 Td (includes, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.50 362.95 Td (among ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.50 362.95 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.50 362.95 Td (things: ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.49 362.95 Td (statements ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.99 362.95 Td (relating ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.99 362.95 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.98 362.95 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.97 362.95 Td (continuation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.99 362.95 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.98 362.95 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.97 362.95 Td (strong ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.46 362.95 Td (production ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 352.15 Td (performance; ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.48 352.15 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.94 352.15 Td (Company) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.30 352.15 Td (s ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.75 352.15 Td (position ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.73 352.15 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.19 352.15 Td (grow ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.65 352.15 Td (organically; ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.13 352.15 Td (expectations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.62 352.15 Td (regarding ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.60 352.15 Td (utilization ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.07 352.15 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.53 352.15 Td (excess ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.50 352.15 Td (capacity; ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.97 352.15 Td (expectations ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 341.35 Td (regarding ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.06 341.35 Td (upgrades ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.11 341.35 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.15 341.35 Td (existing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.20 341.35 Td (facilities ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.74 341.35 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.28 341.35 Td (their ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.32 341.35 Td (ef) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.66 341.35 Td (fect ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.70 341.35 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.24 341.35 Td (revenue ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.29 341.35 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.84 341.35 Td (costs; ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.87 341.35 Td (expectations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.94 341.35 Td (regarding ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.49 341.35 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.53 341.35 Td (Company) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.89 341.35 Td (s ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.92 341.35 Td (access ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 547.46 341.35 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 557.49 341.35 Td (a ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 330.55 Td (wider ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 73.60 330.55 Td (range ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.22 330.55 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.32 330.55 Td (markets; ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.43 330.55 Td (expectations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.56 330.55 Td (regarding ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.18 330.55 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.29 330.55 Td (impact ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.39 330.55 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.50 330.55 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.10 330.55 Td (tax ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.70 330.55 Td (attributes ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.32 330.55 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.93 330.55 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.53 330.55 Td (future ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.14 330.55 Td (cash ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.75 330.55 Td (flows; ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.35 330.55 Td (expectations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.48 330.55 Td (concerning ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 319.75 Td (enhanced ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.44 319.75 Td (shipping ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.37 319.75 Td (volumes; ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.78 319.75 Td (statements ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.20 319.75 Td (regarding ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.63 319.75 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.04 319.75 Td (dividend ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.96 319.75 Td (policy; ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.87 319.75 Td (expectations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.81 319.75 Td (concerning ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.24 319.75 Td (working ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.65 319.75 Td (capital ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.07 319.75 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 536.48 319.75 Td (capital ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 308.95 Td (expenditures ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.68 308.95 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.34 308.95 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.50 308.95 Td (future ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.16 308.95 Td (actions ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.33 308.95 Td (relating ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.49 308.95 Td (thereto ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.16 308.95 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.82 308.95 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.98 308.95 Td (anticipation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.16 308.95 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.31 308.95 Td (creating ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.98 308.95 Td (value ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.14 308.95 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.80 308.95 Td (profitability) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.15 308.95 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.30 308.95 Td (expectations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.48 308.95 Td (regarding ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 298.15 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.38 298.15 Td (Company) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.74 298.15 Td (s ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.61 298.15 Td (ability ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.98 298.15 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.86 298.15 Td (continue ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.26 298.15 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.13 298.15 Td (attract ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.51 298.15 Td (new ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.39 298.15 Td (customers ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.27 298.15 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.66 298.15 Td (further ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.04 298.15 Td (develop ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.93 298.15 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.32 298.15 Td (maintain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.71 298.15 Td (existing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.59 298.15 Td (customers; ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.97 298.15 Td (expectations ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 287.35 Td (regarding ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.36 287.35 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.71 287.35 Td (Company) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.07 287.35 Td (s ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.41 287.35 Td (ability ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.26 287.35 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.60 287.35 Td (continue ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.47 287.35 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.81 287.35 Td (access ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.66 287.35 Td (markets ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.51 287.35 Td (without ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.86 287.35 Td (any ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.21 287.35 Td (further ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.06 287.35 Td (adverse ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.92 287.35 Td (trade ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.27 287.35 Td (restrictions; ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.12 287.35 Td (expectations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.49 287.35 Td (regarding ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 276.55 Td (industry ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.83 276.55 Td (trends, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.16 276.55 Td (market ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.48 276.55 Td (growth ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.31 276.55 Td (rates ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.14 276.55 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.97 276.55 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.30 276.55 Td (Company's ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.85 276.55 Td (future ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.68 276.55 Td (growth ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.51 276.55 Td (rates, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.84 276.55 Td (plans ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.17 276.55 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.01 276.55 Td (strategies ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.84 276.55 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.16 276.55 Td (increase ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.00 276.55 Td (revenue ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.34 276.55 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.17 276.55 Td (cut ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.00 276.55 Td (costs; ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 265.75 Td (expectations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.52 265.75 Td (regarding ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.03 265.75 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.03 265.75 Td (future ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.53 265.75 Td (pricing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.53 265.75 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.52 265.75 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.01 265.75 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.52 265.75 Td (metals ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.51 265.75 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.01 265.75 Td (its ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.50 265.75 Td (resulting ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.00 265.75 Td (impact; ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.50 265.75 Td (statements ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.00 265.75 Td (regarding ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.51 265.75 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.51 265.75 Td (impact ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.50 265.75 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.50 265.75 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 543.49 265.75 Td (steel ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 254.95 Td (import ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.84 254.95 Td (tarif) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.68 254.95 Td (fs; ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.52 254.95 Td (statements ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.87 254.95 Td (regarding ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.24 254.95 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.08 254.95 Td (potential ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.45 254.95 Td (development ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.32 254.95 Td (opportunities ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.19 254.95 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.53 254.95 Td (respect ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.38 254.95 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.22 254.95 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.07 254.95 Td (Lands ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.92 254.95 Td (\(as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.76 254.95 Td (defined\); ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.12 254.95 Td (statements ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.48 254.95 Td (regarding ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 244.15 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.51 244.15 Td (impact ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.52 244.15 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.53 244.15 Td (tax ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.03 244.15 Td (attributes.) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.55 244.15 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 227.35 Td (This ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 69.22 227.35 Td (forward-looking ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.46 227.35 Td (information ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.70 227.35 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.43 227.35 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.67 227.35 Td (forward-looking ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.91 227.35 Td (information ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.15 227.35 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.87 227.35 Td (based ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.11 227.35 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.84 227.35 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.56 227.35 Td (opinions, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.31 227.35 Td (estimates ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.54 227.35 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.27 227.35 Td (assumptions ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 555.51 227.35 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 216.55 Td (light ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.66 216.55 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.82 216.55 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.48 216.55 Td (experience ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.16 216.55 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.82 216.55 Td (perception ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.50 216.55 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.66 216.55 Td (historical ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.82 216.55 Td (trends, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.99 216.55 Td (current ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.65 216.55 Td (conditions ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.83 216.55 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.49 216.55 Td (expected ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.67 216.55 Td (future ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.34 216.55 Td (developments, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.52 216.55 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.68 216.55 Td (well ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.83 216.55 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.99 216.55 Td (other ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 205.75 Td (factors ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.35 205.75 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.21 205.75 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.56 205.75 Td (currently ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.92 205.75 Td (believe ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.29 205.75 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.14 205.75 Td (appropriate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.52 205.75 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.38 205.75 Td (reasonable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.76 205.75 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.61 205.75 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.97 205.75 Td (circumstances. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.83 205.75 Td (Despite ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.19 205.75 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.05 205.75 Td (careful ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.91 205.75 Td (process ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.26 205.75 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.62 205.75 Td (prepare ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 547.48 205.75 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 194.95 Td (review ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.49 194.95 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.99 194.95 Td (forward-looking ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.50 194.95 Td (information, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.50 194.95 Td (there ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.00 194.95 Td (can ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.50 194.95 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.49 194.95 Td (no ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.48 194.95 Td (assurance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.99 194.95 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.99 194.95 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.48 194.95 Td (underlying ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.00 194.95 Td (opinions, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.01 194.95 Td (estimates ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.50 194.95 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.50 194.95 Td (assumptions ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 550.01 194.95 Td (will ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 184.15 Td (prove ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.51 184.15 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.52 184.15 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.03 184.15 Td (correct. ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.54 184.15 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 167.35 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.65 167.35 Td (forward-looking ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.82 167.35 Td (information ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.98 167.35 Td (contained ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.65 167.35 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.30 167.35 Td (this ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.95 167.35 Td (MD&A) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.45 167.35 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.09 167.35 Td (represents ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.26 167.35 Td (management) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.63 167.35 Td (s ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.77 167.35 Td (expectations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.94 167.35 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.09 167.35 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.23 167.35 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.39 167.35 Td (date ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.54 167.35 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.69 167.35 Td (this ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.34 167.35 Td (MD&A) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.84 167.35 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 547.48 167.35 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 156.55 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 57.80 156.55 Td (subject ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.11 156.55 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.41 156.55 Td (change ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.73 156.55 Td (after ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.54 156.55 Td (such ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.34 156.55 Td (date. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.16 156.55 Td (However) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.17 156.55 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.47 156.55 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.77 156.55 Td (disclaim ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.07 156.55 Td (any ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.38 156.55 Td (intention ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.20 156.55 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.00 156.55 Td (obligation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.33 156.55 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.12 156.55 Td (undertaking ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.96 156.55 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.26 156.55 Td (update ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.58 156.55 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.38 156.55 Td (revise ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.18 156.55 Td (any ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.49 156.55 Td (forward-) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 145.75 Td (looking ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.76 145.75 Td (information ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.01 145.75 Td (whether ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.76 145.75 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.00 145.75 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.75 145.75 Td (result ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.49 145.75 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.73 145.75 Td (new ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.97 145.75 Td (information, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.73 145.75 Td (future ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.48 145.75 Td (events ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.73 145.75 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.47 145.75 Td (otherwise, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.22 145.75 Td (except ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.47 145.75 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.71 145.75 Td (required ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.47 145.75 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.22 145.75 Td (applicable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.49 145.75 Td (securities ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 134.95 Td (laws ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.00 134.95 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.51 134.95 Td (Canada. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.88 134.95 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.88 134.95 Td (forward-looking ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.91 134.95 Td (information ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.93 134.95 Td (contained ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.47 134.95 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.97 134.95 Td (this ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.48 134.95 Td (MD&A) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.98 134.95 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.48 134.95 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.48 134.95 Td (expressly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.00 134.95 Td (qualified ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.02 134.95 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.03 134.95 Td (this ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.54 134.95 Td (cautionary ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.56 134.95 Td (statement.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 540.58 134.95 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.08 134.95 Td ( ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 118.15 Td (Forward-looking ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.57 118.15 Td (information ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.64 118.15 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.69 118.15 Td (necessarily ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.26 118.15 Td (based ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.33 118.15 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.89 118.15 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.45 118.15 Td (number ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.51 118.15 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.57 118.15 Td (opinions, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.14 118.15 Td (estimates ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.20 118.15 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.77 118.15 Td (assumptions ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.84 118.15 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.40 118.15 Td (management ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.49 118.15 Td (considered ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 107.35 Td (appropriate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.68 107.35 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.35 107.35 Td (reasonable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.53 107.35 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.69 107.35 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.85 107.35 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.01 107.35 Td (date ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.17 107.35 Td (such ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.83 107.35 Td (statements ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.51 107.35 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.16 107.35 Td (made, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.83 107.35 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.98 107.35 Td (subject ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.14 107.35 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.30 107.35 Td (known ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.97 107.35 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.63 107.35 Td (unknown ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.31 107.35 Td (risks, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.96 107.35 Td (uncertainties, ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 96.55 Td (assumptions ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.97 96.55 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.92 96.55 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.38 96.55 Td (factors ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.33 96.55 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.28 96.55 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.23 96.55 Td (cause ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.18 96.55 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.64 96.55 Td (actual ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.59 96.55 Td (results, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.54 96.55 Td (level ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.99 96.55 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.44 96.55 Td (activity) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.28 96.55 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.72 96.55 Td (performance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.19 96.55 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.13 96.55 Td (achievements ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.60 96.55 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.05 96.55 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.00 96.55 Td (materially ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 85.75 Td (dif) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 58.84 85.75 Td (ferent ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.47 85.75 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.08 85.75 Td (those ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.71 85.75 Td (expressed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.85 85.75 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.46 85.75 Td (implied ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.59 85.75 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.71 85.75 Td (such ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.33 85.75 Td (forward-looking ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.47 85.75 Td (information, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.10 85.75 Td (including ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.24 85.75 Td (but ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.37 85.75 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.49 85.75 Td (limited ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.11 85.75 Td (to, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.73 85.75 Td (those ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.36 85.75 Td (described ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.00 85.75 Td (below ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 49.50 74.95 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.02 74.95 Td (referred ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.03 74.95 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.04 74.95 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.56 74.95 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.57 74.95 Td (heading ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.10 74.95 Td () Tj ET Q BT /F4 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.10 74.95 Td (Risk ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.10 74.95 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.61 74.95 Td (Uncertainties) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.14 74.95 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.63 74.95 Td (below ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.65 74.95 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.17 74.95 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.69 74.95 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.70 74.95 Td (heading ) Tj ET Q BT /F4 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.23 74.95 Td (Risk ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.23 74.95 Td (Factors) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.23 74.95 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.73 74.95 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.23 74.95 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.25 74.95 Td (2017 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.27 74.95 Td (AIF) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.27 74.95 Td (. ) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 49.50 58.15 Td (W) Tj ET Q q 0 0 0 rg BT 57.83 58.15 Td (e ) Tj ET Q q 0 0 0 rg BT 65.34 58.15 Td (caution ) Tj ET Q q 0 0 0 rg BT 96.87 58.15 Td (that ) Tj ET Q q 0 0 0 rg BT 114.38 58.15 Td (the ) Tj ET Q q 0 0 0 rg BT 129.40 58.15 Td (list ) Tj ET Q q 0 0 0 rg BT 142.90 58.15 Td (of ) Tj ET Q q 0 0 0 rg BT 152.91 58.15 Td (risk ) Tj ET Q q 0 0 0 rg BT 169.41 58.15 Td (factors ) Tj ET Q q 0 0 0 rg BT 198.93 58.15 Td (and ) Tj ET Q q 0 0 0 rg BT 216.45 58.15 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 269.98 58.15 Td (is ) Tj ET Q q 0 0 0 rg BT 278.99 58.15 Td (not ) Tj ET Q q 0 0 0 rg BT 294.00 58.15 Td (exhaustive ) Tj ET Q q 0 0 0 rg BT 339.53 58.15 Td (and ) Tj ET Q q 0 0 0 rg BT 357.05 58.15 Td (other ) Tj ET Q q 0 0 0 rg BT 380.07 58.15 Td (factors ) Tj ET Q q 0 0 0 rg BT 409.58 58.15 Td (could ) Tj ET Q q 0 0 0 rg BT 433.60 58.15 Td (also ) Tj ET Q q 0 0 0 rg BT 452.62 58.15 Td (adversely ) Tj ET Q q 0 0 0 rg BT 493.64 58.15 Td (af) Tj ET Q q 0 0 0 rg BT 500.98 58.15 Td (fect ) Tj ET Q q 0 0 0 rg BT 518.00 58.15 Td (our ) Tj ET Q q 0 0 0 rg BT 533.51 58.15 Td (results. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 47.35 Td (Readers ) Tj ET Q q 0 0 0 rg BT 85.78 47.35 Td (are ) Tj ET Q q 0 0 0 rg BT 101.06 47.35 Td (urged ) Tj ET Q q 0 0 0 rg BT 126.34 47.35 Td (to ) Tj ET Q q 0 0 0 rg BT 136.11 47.35 Td (consider ) Tj ET Q q 0 0 0 rg BT 172.39 47.35 Td (the ) Tj ET Q q 0 0 0 rg BT 187.17 47.35 Td (risks, ) Tj ET Q q 0 0 0 rg BT 210.43 47.35 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 263.72 47.35 Td (and ) Tj ET Q q 0 0 0 rg BT 281.00 47.35 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 333.79 47.35 Td (carefully ) Tj ET Q q 0 0 0 rg BT 369.57 47.35 Td (in ) Tj ET Q q 0 0 0 rg BT 378.84 47.35 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 422.14 47.35 Td (the ) Tj ET Q q 0 0 0 rg BT 436.91 47.35 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 500.70 47.35 Td (information ) Tj ET Q q 0 0 0 rg BT 547.49 47.35 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 36.55 Td (are ) Tj ET Q q 0 0 0 rg BT 65.01 36.55 Td (cautioned ) Tj ET Q q 0 0 0 rg BT 106.54 36.55 Td (not ) Tj ET Q q 0 0 0 rg BT 121.55 36.55 Td (to ) Tj ET Q q 0 0 0 rg BT 131.56 36.55 Td (place ) Tj ET Q q 0 0 0 rg BT 155.58 36.55 Td (undue ) Tj ET Q q 0 0 0 rg BT 183.10 36.55 Td (reliance ) Tj ET Q q 0 0 0 rg BT 217.12 36.55 Td (on ) Tj ET Q q 0 0 0 rg BT 229.63 36.55 Td (such ) Tj ET Q q 0 0 0 rg BT 251.14 36.55 Td (information.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 298.16 36.55 Td ( ) Tj ET Q endstream endobj 7 0 obj <><><><><><><><><><><><><><><><><><><>] /Rotate 0 /Contents 8 0 R>> endobj 8 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.20 24.25 Td (2) Tj ET Q /GS0 gs q 238.00 0 0 104.90 187.00 635.94 cm /I2 Do Q BT /F1 10.00 Tf ET BT /F3 14.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.45 619.15 Td (Management) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.39 619.15 Td (s Discussion and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.91 619.15 Td (Analysis) Tj ET Q BT /F3 14.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.40 590.35 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.91 590.35 Td (able of Contents) Tj ET Q 1 1 1 rg /GS0 gs 49.50 563.05 464.00 -25.00 re f /GS0 gs 1 1 1 rg /GS0 gs 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0.12156862745098039 0.12549019607843137 rg BT 272.84 688.00 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.12 688.00 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.91 688.00 Td (construction, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.21 688.00 Td (automotive ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.51 688.00 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.81 688.00 Td (energy ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.61 688.00 Td (industries ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.40 688.00 Td (across ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.19 688.00 Td (Canada ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 546.99 688.00 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 677.20 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.34 677.20 Td (United ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.18 677.20 Td (States. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.01 677.20 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.35 677.20 Td (e ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.18 677.20 Td (believe ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.52 677.20 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.35 677.20 Td (total ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.19 677.20 Td (cash ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.02 677.20 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.85 677.20 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.69 677.20 Td (net ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.02 677.20 Td (ton ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.36 677.20 Td (\(nt\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.68 677.20 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.51 677.20 Td (among ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.86 677.20 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.19 677.20 Td (lowest ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.53 677.20 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.35 677.20 Td (North ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.82 677.20 Td (America ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.66 677.20 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.50 677.20 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.83 677.20 Td (expect ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.17 677.20 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.00 677.20 Td (margins ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 666.40 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.51 666.40 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.51 666.40 Td (will ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.51 666.40 Td (expand ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.54 666.40 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.55 666.40 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.55 666.40 Td (increase ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.07 666.40 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.58 666.40 Td (asset ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.59 666.40 Td (utilization ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.61 666.40 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.13 666.40 Td (regain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.65 666.40 Td (volumes ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.66 666.40 Td (lost ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.17 666.40 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.67 666.40 Td (recent ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.19 666.40 Td (years. ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.19 666.40 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 649.60 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 58.33 649.60 Td (e ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.19 649.60 Td (operate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.57 649.60 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.42 649.60 Td (two ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.28 649.60 Td (facilities: ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.64 649.60 Td (Lake ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.01 649.60 Td (Erie ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.86 649.60 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.19 649.60 Td (orks ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.05 649.60 Td (\(LEW\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.40 649.60 Td (near ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.26 649.60 Td (Nanticoke, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.64 649.60 Td (Ontario ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.00 649.60 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.87 649.60 Td (Hamilton ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.24 649.60 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.57 649.60 Td (orks ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.42 649.60 Td (\(HW\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.26 649.60 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.12 649.60 Td (Hamilton, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.98 649.60 Td (Ontario. ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 638.80 Td (LEW ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.07 638.80 Td (facilities ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.65 638.80 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.22 638.80 Td (comprised ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.31 638.80 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.38 638.80 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.95 638.80 Td (coke ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.53 638.80 Td (battery) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.38 638.80 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.45 638.80 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.02 638.80 Td (blast ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.60 638.80 Td (furnace, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.69 638.80 Td (two ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.26 638.80 Td (basic ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.84 638.80 Td (oxygen ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.43 638.80 Td (furnace ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.01 638.80 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.59 638.80 Td (making ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.17 638.80 Td (vessels, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.25 638.80 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.83 638.80 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.40 638.80 Td (ladle ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.99 638.80 Td (treatment ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 628.00 Td (system ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.43 628.00 Td (\(L) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.77 628.00 Td (TS\), ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.69 628.00 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.63 628.00 Td (RHOB ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.56 628.00 Td (vacuum ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.00 628.00 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.94 628.00 Td (degassing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.90 628.00 Td (facility) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.24 628.00 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.67 628.00 Td (twin-strand ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.61 628.00 Td (slab ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.05 628.00 Td (caster) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.07 628.00 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.50 628.00 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.43 628.00 Td (6-stand ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.38 628.00 Td (hot ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.82 628.00 Td (strip ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.75 628.00 Td (mill, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.68 628.00 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.62 628.00 Td (three ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.06 628.00 Td (pickling ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.01 628.00 Td (lines. ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 617.20 Td (LEW ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.54 617.20 Td (produces ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.60 617.20 Td (hot-rolled ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.16 617.20 Td (coil ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.70 617.20 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.75 617.20 Td (hot-rolled ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.31 617.20 Td (pickled ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.36 617.20 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.41 617.20 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.46 617.20 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.50 617.20 Td (either ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.05 617.20 Td (sold ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.60 617.20 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.14 617.20 Td (third-parties ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.69 617.20 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.73 617.20 Td (sent ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.78 617.20 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.83 617.20 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.37 617.20 Td (HW ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.40 617.20 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.94 617.20 Td (further ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.99 617.20 Td (processing. ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 606.40 Td (HW ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.93 606.40 Td (facilities ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.88 606.40 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.83 606.40 Td (comprised ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.29 606.40 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.73 606.40 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.68 606.40 Td (coke ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.63 606.40 Td (battery) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.47 606.40 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.92 606.40 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.86 606.40 Td (4-stand ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.82 606.40 Td (cold-rolling ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.28 606.40 Td (mill ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.71 606.40 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.67 606.40 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.62 606.40 Td (Z-Line ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.07 606.40 Td (continuous ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.54 606.40 Td (galvanizing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.51 606.40 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.46 606.40 Td (galvannealing ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 595.60 Td (line ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.55 595.60 Td (\(CGL\). ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.09 595.60 Td (HW ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.62 595.60 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.66 595.60 Td (supplied ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.72 595.60 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.27 595.60 Td (hot-rolled ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.32 595.60 Td (pickled ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.88 595.60 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.43 595.60 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.97 595.60 Td (LEW ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.01 595.60 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.56 595.60 Td (produces ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.13 595.60 Td (high ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.68 595.60 Td (quality) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 414.69 595.60 Td ( ) Tj ET Q q 0 0 0 rg BT 417.23 595.60 Td (cold-rolled ) Tj ET Q q 0 0 0 rg BT 461.29 595.60 Td (full ) Tj ET Q q 0 0 0 rg BT 475.33 595.60 Td (hard ) Tj ET Q q 0 0 0 rg BT 495.89 595.60 Td (and ) Tj ET Q q 0 0 0 rg BT 513.44 595.60 Td (coated ) Tj ET Q q 0 0 0 rg BT 543.00 595.60 Td (steel ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 584.80 Td (products ) Tj ET Q q 0 0 0 rg BT 86.43 584.80 Td (as ) Tj ET Q q 0 0 0 rg BT 97.85 584.80 Td (well ) Tj ET Q q 0 0 0 rg BT 115.27 584.80 Td (as ) Tj ET Q q 0 0 0 rg BT 126.69 584.80 Td (coke ) Tj ET Q q 0 0 0 rg BT 147.61 584.80 Td (that ) Tj ET Q q 0 0 0 rg BT 164.53 584.80 Td (is ) Tj ET Q q 0 0 0 rg BT 172.95 584.80 Td (supplied ) Tj ET Q q 0 0 0 rg BT 208.39 584.80 Td (to ) Tj ET Q q 0 0 0 rg BT 217.81 584.80 Td (LEW ) Tj ET Q q 0 0 0 rg BT 239.22 584.80 Td (to ) Tj ET Q q 0 0 0 rg BT 248.64 584.80 Td (fuel ) Tj ET Q q 0 0 0 rg BT 265.06 584.80 Td (its ) Tj ET Q q 0 0 0 rg BT 275.98 584.80 Td (blast ) Tj ET Q q 0 0 0 rg BT 296.90 584.80 Td (furnace ) Tj ET Q q 0 0 0 rg BT 328.83 584.80 Td (and ) Tj ET Q q 0 0 0 rg BT 345.76 584.80 Td (sold ) Tj ET Q q 0 0 0 rg BT 364.19 584.80 Td (to ) Tj ET Q q 0 0 0 rg BT 373.60 584.80 Td (third-parties. ) Tj ET Q q 0 0 0 rg BT 425.54 584.80 Td (W) Tj ET Q q 0 0 0 rg BT 433.87 584.80 Td (e ) Tj ET Q q 0 0 0 rg BT 440.79 584.80 Td (believe ) Tj ET Q q 0 0 0 rg BT 471.22 584.80 Td (our ) Tj ET Q q 0 0 0 rg BT 486.14 584.80 Td (rolling ) Tj ET Q q 0 0 0 rg BT 512.07 584.80 Td (and ) Tj ET Q q 0 0 0 rg BT 529.00 584.80 Td (finishing ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 574.00 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 97.81 574.00 Td (represent ) Tj ET Q q 0 0 0 rg BT 139.11 574.00 Td (some ) Tj ET Q q 0 0 0 rg BT 164.40 574.00 Td (of ) Tj ET Q q 0 0 0 rg BT 175.19 574.00 Td (the ) Tj ET Q q 0 0 0 rg BT 190.98 574.00 Td (most ) Tj ET Q q 0 0 0 rg BT 213.77 574.00 Td (advanced ) Tj ET Q q 0 0 0 rg BT 256.08 574.00 Td (in ) Tj ET Q q 0 0 0 rg BT 266.37 574.00 Td (our ) Tj ET Q q 0 0 0 rg BT 282.66 574.00 Td (industry ) Tj ET Q q 0 0 0 rg BT 317.45 574.00 Td (and ) Tj ET Q q 0 0 0 rg BT 335.75 574.00 Td (dif) Tj ET Q q 0 0 0 rg BT 345.09 574.00 Td (ferentiate ) Tj ET Q q 0 0 0 rg BT 385.90 574.00 Td (us ) Tj ET Q q 0 0 0 rg BT 398.68 574.00 Td (from ) Tj ET Q q 0 0 0 rg BT 419.97 574.00 Td (our ) Tj ET Q q 0 0 0 rg BT 436.26 574.00 Td (North ) Tj ET Q q 0 0 0 rg BT 460.89 574.00 Td (American ) Tj ET Q q 0 0 0 rg BT 502.19 574.00 Td (competitors. ) Tj ET Q q 0 0 0 rg BT 554.49 574.00 Td (In ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 563.20 Td (addition ) Tj ET Q q 0 0 0 rg BT 84.46 563.20 Td (to ) Tj ET Q q 0 0 0 rg BT 94.91 563.20 Td (LEW ) Tj ET Q q 0 0 0 rg BT 117.35 563.20 Td (and ) Tj ET Q q 0 0 0 rg BT 135.30 563.20 Td (HW) Tj ET Q q 0 0 0 rg BT 149.80 563.20 Td (, ) Tj ET Q q 0 0 0 rg BT 155.24 563.20 Td (we ) Tj ET Q q 0 0 0 rg BT 169.68 563.20 Td (own ) Tj ET Q q 0 0 0 rg BT 189.13 563.20 Td (a ) Tj ET Q q 0 0 0 rg BT 197.07 563.20 Td (50% ) Tj ET Q q 0 0 0 rg BT 218.02 563.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 250.47 563.20 Td (in ) Tj ET Q q 0 0 0 rg BT 260.41 563.20 Td (two ) Tj ET Q q 0 0 0 rg BT 277.36 563.20 Td (separate ) Tj ET Q q 0 0 0 rg BT 315.32 563.20 Td (joint ) Tj ET Q q 0 0 0 rg BT 334.77 563.20 Td (ventures: ) Tj ET Q q 0 0 0 rg BT 374.72 563.20 Td (Baycoat ) Tj ET Q q 0 0 0 rg BT 410.18 563.20 Td (Limited ) Tj ET Q q 0 0 0 rg BT 442.13 563.20 Td (Partnership ) Tj ET Q q 0 0 0 rg BT 491.09 563.20 Td (and ) Tj ET Q q 0 0 0 rg BT 509.05 563.20 Td (D.C. ) Tj ET Q q 0 0 0 rg BT 529.98 563.20 Td (Chrome ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 552.40 Td (Limited ) Tj ET Q q 0 0 0 rg BT 81.51 552.40 Td (that ) Tj ET Q q 0 0 0 rg BT 99.03 552.40 Td (complement ) Tj ET Q q 0 0 0 rg BT 150.55 552.40 Td (our ) Tj ET Q q 0 0 0 rg BT 166.06 552.40 Td (finishing ) Tj ET Q q 0 0 0 rg BT 201.58 552.40 Td (capabilities.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 248.60 552.40 Td ( ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 535.60 Td (Our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.12 535.60 Td (operations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.27 535.60 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.40 535.60 Td (strategically ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.04 535.60 Td (located ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.18 535.60 Td (near ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.31 535.60 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.44 535.60 Td (raw ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.06 535.60 Td (material ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.19 535.60 Td (suppliers ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.33 535.60 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.46 535.60 Td (core ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.09 535.60 Td (customers ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.72 535.60 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.85 535.60 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.47 535.60 Td (believe ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.11 535.60 Td (positions ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.75 535.60 Td (us ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.38 535.60 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 540.00 535.60 Td (serve ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 524.80 Td (both ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.42 524.80 Td (Canadian ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.85 524.80 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.20 524.80 Td (American ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.11 524.80 Td (customers ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.53 524.80 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.44 524.80 Td (shorter ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.35 524.80 Td (lead-times ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.77 524.80 Td (relative ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.68 524.80 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.09 524.80 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.51 524.80 Td (steelmakers. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.43 524.80 Td (Furthermore, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.35 524.80 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.76 524.80 Td (fact ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.17 524.80 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.09 524.80 Td (both ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.51 524.80 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 514.00 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.94 514.00 Td (operating ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.40 514.00 Td (facilities ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.34 514.00 Td (have ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.79 514.00 Td (access ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.73 514.00 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.17 514.00 Td (multiple ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.11 514.00 Td (modes ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.06 514.00 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.50 514.00 Td (transportation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.46 514.00 Td (\(water) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.97 514.00 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.40 514.00 Td (rail ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.33 514.00 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.28 514.00 Td (truck\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.71 514.00 Td (allows ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.65 514.00 Td (us ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.09 514.00 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.53 514.00 Td (negotiate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.49 514.00 Td (competitive ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 503.20 Td (freight ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.51 503.20 Td (rates, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.52 503.20 Td (rapidly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.54 503.20 Td (adapt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.56 503.20 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.56 503.20 Td (changing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.60 503.20 Td (market ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.60 503.20 Td (environments, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.63 503.20 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.15 503.20 Td (access ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.66 503.20 Td (customers ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.67 503.20 Td (across ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.68 503.20 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.18 503.20 Td (wide ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.19 503.20 Td (range ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.71 503.20 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.72 503.20 Td (locations.) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.74 503.20 Td ( ) Tj ET Q BT /F5 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 486.40 Td (U.S. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.00 486.40 Td (Section ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.01 486.40 Td (232 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.53 486.40 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.86 486.40 Td (rade ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.37 486.40 Td (Expansion ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.05 486.40 Td (Act) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 469.60 Td (On ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 63.59 469.60 Td (April ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.58 469.60 Td (20, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.07 469.60 Td (2017, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.57 469.60 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.06 469.60 Td (United ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.06 469.60 Td (States ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.55 469.60 Td (administration ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.56 469.60 Td (issued ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.56 469.60 Td (an ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.55 469.60 Td (executive ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.55 469.60 Td (order ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.54 469.60 Td (directing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.54 469.60 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.03 469.60 Td (United ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.03 469.60 Td (States ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.52 469.60 Td (Department ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.52 469.60 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.01 469.60 Td (Commerce ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 458.80 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.88 458.80 Td (investigate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.29 458.80 Td (whether ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.69 458.80 Td (imports ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.57 458.80 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.45 458.80 Td (foreign ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.35 458.80 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.74 458.80 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.13 458.80 Td (harming ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.02 458.80 Td (US ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.90 458.80 Td (national ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.81 458.80 Td (security) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.15 458.80 Td (. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.87 458.80 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.76 458.80 Td (directive ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.65 458.80 Td (falls ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.03 458.80 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.43 458.80 Td (Section ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.83 458.80 Td (232 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.22 458.80 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.10 458.80 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.84 458.80 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.00 458.80 Td (rade ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 448.00 Td (Expansion ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.26 448.00 Td (Act ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.05 448.00 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.34 448.00 Td (1962, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.64 448.00 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.44 448.00 Td (allows ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.23 448.00 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.52 448.00 Td (US ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.81 448.00 Td (president ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.62 448.00 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.91 448.00 Td (restrict ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.69 448.00 Td (trade ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.99 448.00 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.28 448.00 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.07 448.00 Td (good ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.87 448.00 Td (if ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.16 448.00 Td (such ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.95 448.00 Td (trade ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.25 448.00 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.53 448.00 Td (determined ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.34 448.00 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.63 448.00 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.42 448.00 Td (harmful ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.22 448.00 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.51 448.00 Td (US ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 437.20 Td (national ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.03 437.20 Td (security) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.37 437.20 Td (.) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 420.40 Td (On ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.42 420.40 Td (February ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.85 420.40 Td (16, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.77 420.40 Td (2018, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.71 420.40 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.63 420.40 Td (US ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.55 420.40 Td (Department ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.99 420.40 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.91 420.40 Td (Commerce ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.33 420.40 Td (released ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.26 420.40 Td (its ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.68 420.40 Td (report ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.60 420.40 Td (regarding ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.04 420.40 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.97 420.40 Td (Section ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.40 420.40 Td (232 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.83 420.40 Td (investigation. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 546.49 420.40 Td (The ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 409.60 Td (recommendations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.84 409.60 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.16 409.60 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.48 409.60 Td (report ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.30 409.60 Td (include ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.13 409.60 Td (options ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.46 409.60 Td (regarding ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.80 409.60 Td (tarif) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.64 409.60 Td (fs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.95 409.60 Td (and/or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.78 409.60 Td (quotas ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.11 409.60 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.43 409.60 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.75 409.60 Td (intended ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.59 409.60 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.41 409.60 Td (adjust ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.74 409.60 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.56 409.60 Td (level ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.38 409.60 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.19 409.60 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 532.51 409.60 Td (imports ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 398.80 Td (into ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.01 398.80 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.01 398.80 Td (United ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.52 398.80 Td (States ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.53 398.80 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.54 398.80 Td (it ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.53 398.80 Td (has ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.54 398.80 Td (been ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.05 398.80 Td (determined ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.58 398.80 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.08 398.80 Td (those ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.60 398.80 Td (imports ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.60 398.80 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.10 398.80 Td (an ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.61 398.80 Td (impairment ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.61 398.80 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.62 398.80 Td (national ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.64 398.80 Td (security) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.98 398.80 Td (. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.97 398.80 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.47 398.80 Td (Under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.48 398.80 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.48 398.80 Td (statute, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.50 398.80 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 388.00 Td (US ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.81 388.00 Td (president ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.13 388.00 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.93 388.00 Td (required ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.26 388.00 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.07 388.00 Td (adopt, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.39 388.00 Td (modify ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.20 388.00 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.51 388.00 Td (take ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.82 388.00 Td (no ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.13 388.00 Td (action ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.45 388.00 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.77 388.00 Td (these ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.09 388.00 Td (recommendations. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.42 388.00 Td (During ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.24 388.00 Td (March ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.55 388.00 Td (2018, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.37 388.00 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.18 388.00 Td (US ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.99 388.00 Td (administration ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 377.20 Td (imposed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.27 377.20 Td (tarif) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.11 377.20 Td (fs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.37 377.20 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.63 377.20 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.90 377.20 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.17 377.20 Td (aluminum ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.43 377.20 Td (imports ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.19 377.20 Td (into ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.96 377.20 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.72 377.20 Td (US, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.98 377.20 Td (but ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.75 377.20 Td (suspended ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.04 377.20 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.80 377.20 Td (implementation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.09 377.20 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.85 377.20 Td (any ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.61 377.20 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.88 377.20 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.15 377.20 Td (aluminum ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.41 377.20 Td (tarif) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 543.25 377.20 Td (fs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 552.51 377.20 Td (by ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 366.40 Td (exemptingCanada ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.95 366.40 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.36 366.40 Td (certain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.77 366.40 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.68 366.40 Td (countries. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.09 366.40 Td (On ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.49 366.40 Td (May ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.89 366.40 Td (31, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.80 366.40 Td (2018, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.72 366.40 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.63 366.40 Td (US ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.52 366.40 Td (administration ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.95 366.40 Td (signed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.86 366.40 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.26 366.40 Td (proclamation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.19 366.40 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 540.59 366.40 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.50 366.40 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 564.50 366.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 567.00 366.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 569.50 366.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 572.00 366.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 574.50 366.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 577.00 366.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 579.50 366.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 582.00 366.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 584.51 366.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 587.01 366.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 589.51 366.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 592.01 366.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 594.51 366.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 597.01 366.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 599.51 366.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 602.01 366.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 604.51 366.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 607.01 366.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 609.51 366.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 612.01 366.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 614.51 366.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 617.01 366.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 619.51 366.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 622.01 366.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 624.51 366.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 627.01 366.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 629.51 366.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 632.01 366.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 634.52 366.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 637.02 366.40 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 355.60 Td (June ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.02 355.60 Td (1, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.02 355.60 Td (2018, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.05 355.60 Td (tarif) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.89 355.60 Td (fs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.39 355.60 Td (will ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.39 355.60 Td (no ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.90 355.60 Td (longer ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.42 355.60 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.93 355.60 Td (suspended ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.46 355.60 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.47 355.60 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.98 355.60 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.48 355.60 Td (aluminum ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.00 355.60 Td (imports ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.00 355.60 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.50 355.60 Td (Canada, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.03 355.60 Td (Mexico ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.04 355.60 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.55 355.60 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.57 355.60 Td (European ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.10 355.60 Td (Union.) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 552.11 355.60 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 338.80 Td (On ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.52 338.80 Td (May ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.04 338.80 Td (31, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.07 338.80 Td (2018, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.11 338.80 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.14 338.80 Td (Government ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.18 338.80 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.20 338.80 Td (Canada ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.25 338.80 Td (responded ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.30 338.80 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.32 338.80 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.35 338.80 Td (Section ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.89 338.80 Td (232 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.42 338.80 Td (tarif) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.26 338.80 Td (fs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.78 338.80 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.31 338.80 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.84 338.80 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.86 338.80 Td (announcing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.92 338.80 Td (its ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.44 338.80 Td (intention ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.98 338.80 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.01 338.80 Td (impose ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 328.00 Td (surtaxes ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.69 328.00 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.36 328.00 Td (similar ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.04 328.00 Td (trade-restrictive ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.73 328.00 Td (countermeasures ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.93 328.00 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.62 328.00 Td (steel, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.80 328.00 Td (aluminum ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.49 328.00 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.18 328.00 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.37 328.00 Td (specified ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.56 328.00 Td (goods ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.76 328.00 Td (imported ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.45 328.00 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.12 328.00 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.31 328.00 Td (United ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.00 328.00 Td (States, ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 317.20 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.42 317.20 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.85 317.20 Td (value ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.78 317.20 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.71 317.20 Td (up ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.13 317.20 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.06 317.20 Td ($16.6 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.00 317.20 Td (billion. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.93 317.20 Td (On ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.36 317.20 Td (July ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.78 317.20 Td (1, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.70 317.20 Td (2018, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.65 317.20 Td (tarif) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.49 317.20 Td (fs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.90 317.20 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.33 317.20 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.76 317.20 Td (imported ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.20 317.20 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.62 317.20 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.54 317.20 Td (United ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.98 317.20 Td (States ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.91 317.20 Td (went ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.34 317.20 Td (into ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.27 317.20 Td (force ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.70 317.20 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.13 317.20 Td (were ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 540.06 317.20 Td (set ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.48 317.20 Td (at ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 306.40 Td (25 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 62.51 306.40 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.02 306.40 Td (cent, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.03 306.40 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.04 306.40 Td (same ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.55 306.40 Td (tarif) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.39 306.40 Td (f ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.39 306.40 Td (rate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.40 306.40 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.91 306.40 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.93 306.40 Td (United ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.44 306.40 Td (States ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.46 306.40 Td (applied ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.98 306.40 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.99 306.40 Td (Canadian ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.02 306.40 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.53 306.40 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.05 306.40 Td (Section ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.57 306.40 Td (232.) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.09 306.40 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 289.60 Td (On ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.19 289.60 Td (September ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.39 289.60 Td (30, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.08 289.60 Td (2018, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.78 289.60 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.47 289.60 Td (United ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.67 289.60 Td (States, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.86 289.60 Td (Canada ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.57 289.60 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.76 289.60 Td (Mexico ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.45 289.60 Td (tentatively ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.15 289.60 Td (agreed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.35 289.60 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.54 289.60 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.73 289.60 Td (revised ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.92 289.60 Td (trade ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.61 289.60 Td (agreement ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.82 289.60 Td (\(USMCA\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.49 289.60 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 278.80 Td (replace ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.07 278.80 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.14 278.80 Td (North ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.19 278.80 Td (American ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.76 278.80 Td (Free ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.65 278.80 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.81 278.80 Td (rade ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.87 278.80 Td (Agreement ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.45 278.80 Td (\(NAFT) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.27 278.80 Td (A\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.83 278.80 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.39 278.80 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.45 278.80 Td (goal ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.02 278.80 Td (being ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.59 278.80 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.65 278.80 Td (modernize ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.23 278.80 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.80 278.80 Td (reinforce ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.36 278.80 Td (strong ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.93 278.80 Td (economic ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.00 278.80 Td (ties ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 268.00 Td (between ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.49 268.00 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.46 268.00 Td (three ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.44 268.00 Td (countries ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.42 268.00 Td (while ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.39 268.00 Td (supporting ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.88 268.00 Td (businesses ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.37 268.00 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.85 268.00 Td (workers ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.82 268.00 Td (within ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.29 268.00 Td (North ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.27 268.00 Td (America. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.08 268.00 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.05 268.00 Td (USMCA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.06 268.00 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.52 268.00 Td (generally ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.51 268.00 Td (maintains ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.49 268.00 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 257.20 Td (tarif) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.84 257.20 Td (f-free ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.92 257.20 Td (market ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.49 257.20 Td (access ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.57 257.20 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.65 257.20 Td (NAFT) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.48 257.20 Td (A) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.98 257.20 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.05 257.20 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.14 257.20 Td (provides ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.23 257.20 Td (key ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.30 257.20 Td (outcomes ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.39 257.20 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.97 257.20 Td (Canadian ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.57 257.20 Td (businesses, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.17 257.20 Td (workers ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.74 257.20 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.83 257.20 Td (communities ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.42 257.20 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.49 257.20 Td (areas ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 246.40 Td (such ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.51 246.40 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.52 246.40 Td (labour) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.04 246.40 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.04 246.40 Td (environment, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.57 246.40 Td (automotive ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.09 246.40 Td (trade, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.61 246.40 Td (dispute ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.13 246.40 Td (resolution, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.15 246.40 Td (culture, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.17 246.40 Td (energy) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.02 246.40 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.02 246.40 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.54 246.40 Td (agriculture ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.06 246.40 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.57 246.40 Td (agri-food.) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.59 246.40 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 229.60 Td (Although ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.72 229.60 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.42 229.60 Td (USMCA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.43 229.60 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.62 229.60 Td (addresses ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.34 229.60 Td (most ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.03 229.60 Td (aspects ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.24 229.60 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.94 229.60 Td (trade ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.64 229.60 Td (between ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.86 229.60 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.56 229.60 Td (countries, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.77 229.60 Td (tarif) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.61 229.60 Td (fs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.80 229.60 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.01 229.60 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.21 229.60 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.42 229.60 Td (aluminum ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.62 229.60 Td (remain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.32 229.60 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.52 229.60 Td (place. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 540.29 229.60 Td (A) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 545.80 229.60 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 547.99 229.60 Td (key ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 218.80 Td (Canadian ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.24 218.80 Td (objective ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.46 218.80 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.17 218.80 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.39 218.80 Td (NAFT) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.22 218.80 Td (A) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.72 218.80 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.43 218.80 Td (renegotiations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.67 218.80 Td (was ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.38 218.80 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.59 218.80 Td (obtain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.82 218.80 Td (an ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.53 218.80 Td (exemption ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.76 218.80 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.47 218.80 Td (potential ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.20 218.80 Td (future ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.92 218.80 Td (use ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.13 218.80 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.34 218.80 Td (U.S. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.55 218.80 Td (Section ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.27 218.80 Td (232 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.99 218.80 Td (measures. ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 208.00 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.93 208.00 Td (potential ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.39 208.00 Td (use ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.32 208.00 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.26 208.00 Td (these ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.70 208.00 Td (measures ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.64 208.00 Td (threatens ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.59 208.00 Td (Canadian ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.55 208.00 Td (producers ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.00 208.00 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.44 208.00 Td (workers. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.87 208.00 Td (Under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.81 208.00 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.75 208.00 Td (USMCA, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.18 208.00 Td (Canada ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.13 208.00 Td (secured ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.57 208.00 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.01 208.00 Td (commitment ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 197.20 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.53 197.20 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.58 197.20 Td (U.S. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.62 197.20 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.66 197.20 Td (provide ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.71 197.20 Td (at ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.75 197.20 Td (least ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.30 197.20 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.84 197.20 Td (60-day ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.89 197.20 Td (exemption ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.95 197.20 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.48 197.20 Td (any ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.53 197.20 Td (future ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.08 197.20 Td (measures ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.13 197.20 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.68 197.20 Td (Section ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.24 197.20 Td (232. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.29 197.20 Td (During ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.33 197.20 Td (this ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.87 197.20 Td (time, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.91 197.20 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.96 197.20 Td (U.S. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 547.00 197.20 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 186.40 Td (Canada ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.23 186.40 Td (would ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.46 186.40 Td (seek ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.18 186.40 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.39 186.40 Td (negotiate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.13 186.40 Td (an ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.85 186.40 Td (appropriate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.09 186.40 Td (outcome ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.32 186.40 Td (based ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.55 186.40 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.26 186.40 Td (industry ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.49 186.40 Td (dynamics ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.21 186.40 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.93 186.40 Td (historical ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.15 186.40 Td (trading ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.38 186.40 Td (patterns. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.57 186.40 Td (At ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.78 186.40 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 545.00 186.40 Td (time ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 175.60 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.83 175.60 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.67 175.60 Td (agreement, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.53 175.60 Td (it ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.36 175.60 Td (was ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.69 175.60 Td (expected ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.55 175.60 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.89 175.60 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.72 175.60 Td (USMCA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.73 175.60 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.06 175.60 Td (would ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.90 175.60 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.24 175.60 Td (signed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.09 175.60 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.92 175.60 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.76 175.60 Td (end ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.11 175.60 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.94 175.60 Td (November ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.78 175.60 Td (2018. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.63 175.60 Td (Once ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.47 175.60 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.31 175.60 Td (agreement ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.67 175.60 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 535.50 175.60 Td (signed ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 164.80 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 62.01 164.80 Td (all ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 73.51 164.80 Td (three ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.52 164.80 Td (countries, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.04 164.80 Td (it ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.04 164.80 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.04 164.80 Td (subject ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.06 164.80 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.07 164.80 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.08 164.80 Td (approval ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.10 164.80 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.11 164.80 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.12 164.80 Td (Canadian, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.65 164.80 Td (U.S., ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.16 164.80 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.67 164.80 Td (Mexican ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.69 164.80 Td (governments ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.22 164.80 Td (prior ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.72 164.80 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.73 164.80 Td (taking ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.24 164.80 Td (ef) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.59 164.80 Td (fect.) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.59 164.80 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 148.00 Td (While ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.55 148.00 Td (these ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.61 148.00 Td (developments ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.69 148.00 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.74 148.00 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.30 148.00 Td (optimal, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.86 148.00 Td (Stelco ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.92 148.00 Td (has ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.47 148.00 Td (repeatedly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.55 148.00 Td (demonstrated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.62 148.00 Td (its ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.67 148.00 Td (resiliency ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.23 148.00 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.78 148.00 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.83 148.00 Td (leading ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.90 148.00 Td (advanced ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.97 148.00 Td (integrated ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 137.20 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.06 137.20 Td (producer ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.63 137.20 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.69 137.20 Td (North ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.14 137.20 Td (America, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.70 137.20 Td (its ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.75 137.20 Td (agility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.81 137.20 Td (through ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.38 137.20 Td (multiple ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.44 137.20 Td (modes ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.50 137.20 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.06 137.20 Td (transportation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.14 137.20 Td (\(water) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.65 137.20 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.20 137.20 Td (rail ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.25 137.20 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.32 137.20 Td (truck\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.87 137.20 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.93 137.20 Td (financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.00 137.20 Td (security ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 126.40 Td (through ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.08 126.40 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.63 126.40 Td (robust ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.20 126.40 Td (balance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.27 126.40 Td (sheet. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.34 126.40 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.67 126.40 Td (e ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.23 126.40 Td (believe ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.30 126.40 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.86 126.40 Td (Stelco ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.43 126.40 Td (can ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.49 126.40 Td (operate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.56 126.40 Td (successfully ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.63 126.40 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.19 126.40 Td (all ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.74 126.40 Td (types ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.80 126.40 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.86 126.40 Td (economic ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.93 126.40 Td (environments. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.01 126.40 Td (Furthermore, ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 115.60 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.95 115.60 Td (imposition ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.91 115.60 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.86 115.60 Td (tarif) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.70 115.60 Td (fs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.15 115.60 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.60 115.60 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.05 115.60 Td (imports ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.00 115.60 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.44 115.60 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.40 115.60 Td (United ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.86 115.60 Td (States ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.81 115.60 Td (presents ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.78 115.60 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.23 115.60 Td (potential ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.69 115.60 Td (opportunity ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.67 115.60 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.61 115.60 Td (increased ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.08 115.60 Td (demand ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 535.05 115.60 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.99 115.60 Td (our ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 104.80 Td (products ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.31 104.80 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.12 104.80 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.42 104.80 Td (domestic ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.23 104.80 Td (Canadian ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.56 104.80 Td (market ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.86 104.80 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.67 104.80 Td (could ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.98 104.80 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.78 104.80 Td (part ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.08 104.80 Td (mitigate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.39 104.80 Td (any ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.70 104.80 Td (impact ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.00 104.80 Td (resulting ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.82 104.80 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.61 104.80 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.92 104.80 Td (tarif) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.76 104.80 Td (fs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.56 104.80 Td (imposed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.37 104.80 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.67 104.80 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 535.98 104.80 Td (United ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 94.00 Td (States.) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.02 94.00 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 77.20 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 58.33 77.20 Td (e ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.44 77.20 Td (continue ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.57 77.20 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.18 77.20 Td (monitor ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.29 77.20 Td (these ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.41 77.20 Td (developments ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.55 77.20 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.67 77.20 Td (anticipate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.30 77.20 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.42 77.20 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.03 77.20 Td (Government ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.66 77.20 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.27 77.20 Td (Canada ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.90 77.20 Td (will ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.50 77.20 Td (continue ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.63 77.20 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.24 77.20 Td (support ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.36 77.20 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.98 77.20 Td (businesses ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 66.40 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.52 66.40 Td (workers ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.52 66.40 Td (impacted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.54 66.40 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.55 66.40 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.56 66.40 Td (US ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.56 66.40 Td (administration ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.09 66.40 Td (trade ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.10 66.40 Td (measures) Tj ET Q BT /F5 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.62 66.40 Td (.) Tj ET Q BT /F5 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.12 66.40 Td ( ) Tj ET Q endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 771.50 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 214.60 771.50 Td (AND ) Tj ET Q q 0 0 0 rg BT 241.08 771.50 Td (ANAL) Tj ET Q q 0 0 0 rg BT 270.62 771.50 Td (YSIS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.20 24.25 Td (4) Tj ET Q BT /F5 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 749.45 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 55.33 749.45 Td (rade ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 76.85 749.45 Td (Remedy: ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.36 749.45 Td (Dumping ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.85 749.45 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.35 749.45 Td (Subsidy ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.86 749.45 Td (Investigations) Tj ET Q BT /F5 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.37 749.45 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 732.65 Td (On ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.20 732.65 Td (May ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.40 732.65 Td (25, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.11 732.65 Td (2018, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.82 732.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.53 732.65 Td (Canada ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.25 732.65 Td (Border ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.46 732.65 Td (Services ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.53 732.65 Td (Agency ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.74 732.65 Td (\(CBSA\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.44 732.65 Td (initiated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.66 732.65 Td (investigations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.39 732.65 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.60 732.65 Td (the ) Tj ET Q BT /F4 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.31 732.65 Td (Special ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.02 732.65 Td (Import ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.72 732.65 Td (Measures ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.00 732.65 Td (Act ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 721.85 Td (respecting ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.54 721.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.08 721.85 Td (alleged ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.12 721.85 Td (injurious ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.66 721.85 Td (dumping ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.20 721.85 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.24 721.85 Td (subsidizing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.79 721.85 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.31 721.85 Td (certain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.35 721.85 Td (cold-rolled ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.89 721.85 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.92 721.85 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.94 721.85 Td (China, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.97 721.85 Td (South ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.51 721.85 Td (Korea ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.55 721.85 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.59 721.85 Td (V) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.43 721.85 Td (ietnam. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.96 721.85 Td (On ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 545.99 721.85 Td (July ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 711.05 Td (24, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.08 711.05 Td (2018, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.18 711.05 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.26 711.05 Td (Canadian ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.36 711.05 Td (International ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.30 711.05 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.46 711.05 Td (rade ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.88 711.05 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.04 711.05 Td (ribunal ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.63 711.05 Td (\(CITT\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.19 711.05 Td (announced ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.31 711.05 Td (their ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.39 711.05 Td (determination ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.49 711.05 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.07 711.05 Td (there ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.16 711.05 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.23 711.05 Td (evidence ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.83 711.05 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.41 711.05 Td (discloses ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 557.00 711.05 Td (a ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 700.25 Td (reasonable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.34 700.25 Td (indication ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.17 700.25 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.98 700.25 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.30 700.25 Td (dumping ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.62 700.25 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.44 700.25 Td (subsidizing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.77 700.25 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.08 700.25 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.39 700.25 Td (above-mentioned ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.75 700.25 Td (goods ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.07 700.25 Td (have ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.39 700.25 Td (caused ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.21 700.25 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.02 700.25 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.83 700.25 Td (threatening ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.67 700.25 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 537.98 700.25 Td (cause ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 689.45 Td (injury ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 73.35 689.45 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.71 689.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.06 689.45 Td (domestic ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.92 689.45 Td (industry) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.77 689.45 Td (. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.11 689.45 Td (On ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.60 689.45 Td (August ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.46 689.45 Td (23, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.82 689.45 Td (2018, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.19 689.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.55 689.45 Td (CBSA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.56 689.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.41 689.45 Td (announced ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.79 689.45 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.65 689.45 Td (imports ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.00 689.45 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.36 689.45 Td (subject ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.72 689.45 Td (goods ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.09 689.45 Td (will ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.43 689.45 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.29 689.45 Td (subject ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.65 689.45 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.00 689.45 Td (provisional ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 678.65 Td (duties ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.88 678.65 Td (at ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.25 678.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.63 678.65 Td (following ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.52 678.65 Td (specified ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.90 678.65 Td (rates: ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.28 678.65 Td (China ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.66 678.65 Td (- ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.52 678.65 Td (103.5%; ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.41 678.65 Td (South ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.80 678.65 Td (Korea ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.68 678.65 Td (- ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.54 678.65 Td (64.3%; ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.43 678.65 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.31 678.65 Td (V) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.15 678.65 Td (ietnam ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.03 678.65 Td (- ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.89 678.65 Td (105.7%. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.66 678.65 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.03 678.65 Td (CITT) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.87 678.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.73 678.65 Td (will ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.10 678.65 Td (conduct ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.48 678.65 Td (hearings ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 667.85 Td (starting ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.01 667.85 Td (November ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.03 667.85 Td (19, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.04 667.85 Td (2018 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.56 667.85 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.08 667.85 Td (make ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.59 667.85 Td (their ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.60 667.85 Td (final ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.61 667.85 Td (determination ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.64 667.85 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.65 667.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.66 667.85 Td (end ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.17 667.85 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.18 667.85 Td (2018.) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.70 667.85 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 651.05 Td (On ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 63.74 651.05 Td (July ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.48 651.05 Td (26, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.72 651.05 Td (2018, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.98 651.05 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.22 651.05 Td (CBSA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.24 651.05 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.97 651.05 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.70 651.05 Td (initiated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.46 651.05 Td (investigations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.72 651.05 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.48 651.05 Td (the ) Tj ET Q BT /F4 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.72 651.05 Td (Special ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.97 651.05 Td (Import ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.21 651.05 Td (Measures ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.23 651.05 Td (Act ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.97 651.05 Td (respecting ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.23 651.05 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.47 651.05 Td (alleged ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.23 651.05 Td (injurious ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.48 651.05 Td (dumping ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 640.25 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.77 640.25 Td (certain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.05 640.25 Td (corrosion ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.33 640.25 Td (resistant ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.61 640.25 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.88 640.25 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.15 640.25 Td (China, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.43 640.25 Td (South ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.21 640.25 Td (Korea, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.99 640.25 Td (India ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.77 640.25 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.91 640.25 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.41 640.25 Td (aiwan. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.69 640.25 Td (On ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.96 640.25 Td (September ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.25 640.25 Td (24, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.02 640.25 Td (2018, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.81 640.25 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.58 640.25 Td (CITT) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.42 640.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.68 640.25 Td (announced ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.49 640.25 Td (their ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 629.45 Td (determination ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.13 629.45 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.74 629.45 Td (there ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.86 629.45 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.96 629.45 Td (evidence ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.58 629.45 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.19 629.45 Td (discloses ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.81 629.45 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.41 629.45 Td (reasonable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.55 629.45 Td (indication ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.17 629.45 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.78 629.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.89 629.45 Td (dumping ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.02 629.45 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.12 629.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.23 629.45 Td (above-mentioned ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.38 629.45 Td (goods ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.50 629.45 Td (have ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 618.65 Td (caused ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.14 618.65 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.26 618.65 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.39 618.65 Td (threatening ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.55 618.65 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.17 618.65 Td (cause ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.31 618.65 Td (injury ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.93 618.65 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.56 618.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.19 618.65 Td (domestic ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.32 618.65 Td (industry) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.17 618.65 Td (. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.79 618.65 Td (On ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.91 618.65 Td (October ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.05 618.65 Td (24, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.68 618.65 Td (2018, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.32 618.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.95 618.65 Td (CBSA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.96 618.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.08 618.65 Td (announced ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.74 618.65 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.88 618.65 Td (imports ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.50 618.65 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 607.85 Td (subject ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.67 607.85 Td (goods ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.34 607.85 Td (will ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.99 607.85 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.16 607.85 Td (subject ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.82 607.85 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.48 607.85 Td (provisional ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.66 607.85 Td (duties. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.33 607.85 Td (While ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.98 607.85 Td (certain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.15 607.85 Td (exporters ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.82 607.85 Td (were ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.48 607.85 Td (assigned ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.66 607.85 Td (individual ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.33 607.85 Td (provisional ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.51 607.85 Td (duty ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.67 607.85 Td (rates, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.33 607.85 Td (all ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.49 607.85 Td (other ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 597.05 Td (exporters ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.31 597.05 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.11 597.05 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.42 597.05 Td (subject ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.73 597.05 Td (countries ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.05 597.05 Td (were ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.35 597.05 Td (assigned ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.18 597.05 Td (provisional ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.00 597.05 Td (duties ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.81 597.05 Td (at ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.11 597.05 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.42 597.05 Td (following ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.24 597.05 Td (specified ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.56 597.05 Td (rates: ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.86 597.05 Td (China ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.18 597.05 Td (- ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.97 597.05 Td (44.2%; ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.79 597.05 Td (Chinese ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.49 597.05 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.99 597.05 Td (aipei ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 586.25 Td (- ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 55.98 586.25 Td (24.7%; ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.98 586.25 Td (India ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.48 586.25 Td (- ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.46 586.25 Td (39.3%; ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.46 586.25 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.45 586.25 Td (South ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.96 586.25 Td (Korea ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.95 586.25 Td (- ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.93 586.25 Td (39.3%. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.74 586.25 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.23 586.25 Td (CITT) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.06 586.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.04 586.25 Td (has ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.53 586.25 Td (scheduled ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.55 586.25 Td (hearings ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.05 586.25 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.54 586.25 Td (January ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.54 586.25 Td (2019 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.54 586.25 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.54 586.25 Td (will ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.02 586.25 Td (make ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.01 586.25 Td (their ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 545.50 586.25 Td (final ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 575.45 Td (determination ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.03 575.45 Td (during ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.55 575.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.56 575.45 Td (first ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.56 575.45 Td (quarter ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.58 575.45 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.58 575.45 Td (2019.) Tj ET Q BT /F2 9.00 Tf ET BT /F5 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 558.65 Td (Initiation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.99 558.65 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.99 558.65 Td (Safeguard ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.50 558.65 Td (Measures) Tj ET Q BT /F5 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.03 558.65 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 541.85 Td (Safeguards ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.77 541.85 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.51 541.85 Td (trade ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.76 541.85 Td (measures ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.01 541.85 Td (imposed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.76 541.85 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.51 541.85 Td (international ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.28 541.85 Td (trade ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.53 541.85 Td (rules ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.77 541.85 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.51 541.85 Td (exceptional ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.77 541.85 Td (circumstances ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.02 541.85 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.26 541.85 Td (respond ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.52 541.85 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.76 541.85 Td (increases ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 555.01 541.85 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 531.05 Td (imports ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.96 531.05 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.43 531.05 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.89 531.05 Td (harm ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.85 531.05 Td (Canadian ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.84 531.05 Td (producers ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.32 531.05 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.79 531.05 Td (workers. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.26 531.05 Td (Following ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.73 531.05 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.19 531.05 Td (period ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.67 531.05 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.63 531.05 Td (consultation, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.62 531.05 Td (it ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.58 531.05 Td (was ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.04 531.05 Td (determined ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.53 531.05 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.00 531.05 Td (steps ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.97 531.05 Td (needed ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 520.25 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.49 520.25 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.49 520.25 Td (taken ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.49 520.25 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.98 520.25 Td (prevent ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.99 520.25 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.49 520.25 Td (diversion ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.49 520.25 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.98 520.25 Td (foreign ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.49 520.25 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.49 520.25 Td (products ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.99 520.25 Td (into ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.49 520.25 Td (Canada ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.00 520.25 Td (resulting ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.00 520.25 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.99 520.25 Td (Section ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.00 520.25 Td (232 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.00 520.25 Td (measures ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.50 520.25 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.49 520.25 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.99 520.25 Td (United ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.99 520.25 Td (States, ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 509.45 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 62.01 509.45 Td (well ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.01 509.45 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.02 509.45 Td (responsive ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.04 509.45 Td (trade ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.05 509.45 Td (measures ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.07 509.45 Td (taken ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.59 509.45 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.09 509.45 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.11 509.45 Td (jurisdictions. ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.13 509.45 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 492.65 Td (On ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 63.57 492.65 Td (October ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.16 492.65 Td (1) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.50 492.65 Td (1, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.57 492.65 Td (2018, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.66 492.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.74 492.65 Td (Government ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.83 492.65 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.91 492.65 Td (Canada ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.00 492.65 Td (announced ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.11 492.65 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 304.69 492.65 Td (it ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.76 492.65 Td (had ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.35 492.65 Td (directed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.94 492.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.02 492.65 Td (CITT) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.85 492.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.42 492.65 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.49 492.65 Td (inquire ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.08 492.65 Td (into ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.16 492.65 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.74 492.65 Td (report ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.82 492.65 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.40 492.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.48 492.65 Td (importation ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 481.85 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.08 481.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.16 481.85 Td (following ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.75 481.85 Td (seven ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.34 481.85 Td (classes ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.92 481.85 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.00 481.85 Td (goods: ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.59 481.85 Td (energy ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.68 481.85 Td (tubular; ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.27 481.85 Td (heavy ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.86 481.85 Td (plate; ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.45 481.85 Td (hot-rolled ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.54 481.85 Td (sheet; ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.63 481.85 Td (pre-painted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.73 481.85 Td (steel; ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.81 481.85 Td (concrete ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.90 481.85 Td (reinforcing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 546.49 481.85 Td (bar; ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 471.05 Td (wire ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.71 471.05 Td (rod; ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.43 471.05 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.65 471.05 Td (stainless ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.88 471.05 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.09 471.05 Td (wire. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.16 471.05 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.88 471.05 Td (purpose ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.61 471.05 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.33 471.05 Td (this ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.54 471.05 Td (inquiry ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.26 471.05 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.97 471.05 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.68 471.05 Td (determine ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.91 471.05 Td (whether ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.14 471.05 Td (any ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.86 471.05 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.57 471.05 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.29 471.05 Td (above-mentioned ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.05 471.05 Td (goods ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.78 471.05 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.99 471.05 Td (being ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 460.25 Td (imported ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.45 460.25 Td (into ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.40 460.25 Td (Canada ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.37 460.25 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.81 460.25 Td (such ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.26 460.25 Td (increased ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.72 460.25 Td (quantities ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.68 460.25 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.14 460.25 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.60 460.25 Td (such ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.04 460.25 Td (conditions ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.01 460.25 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.95 460.25 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.90 460.25 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.34 460.25 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.79 460.25 Td (principal ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.74 460.25 Td (cause ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.20 460.25 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.14 460.25 Td (serious ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.59 460.25 Td (injury ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.54 460.25 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.98 460.25 Td (threat ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 449.45 Td (thereof ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.00 449.45 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.48 449.45 Td (Canadian ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.99 449.45 Td (producers ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.98 449.45 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.47 449.45 Td (like ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.95 449.45 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.93 449.45 Td (directly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.41 449.45 Td (competitive ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.91 449.45 Td (goods. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.78 449.45 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.26 449.45 Td (CITT) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.09 449.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.07 449.45 Td (will ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.54 449.45 Td (conduct ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.04 449.45 Td (safeguard ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.05 449.45 Td (hearings ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.55 449.45 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.03 449.45 Td (each ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.52 449.45 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.00 449.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 537.49 449.45 Td (above ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 438.65 Td (noted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.45 438.65 Td (products ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.90 438.65 Td (during ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.85 438.65 Td (January ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.80 438.65 Td (2019, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.25 438.65 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.20 438.65 Td (issue ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.14 438.65 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.07 438.65 Td (report ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.51 438.65 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.95 438.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.39 438.65 Td (Minister ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.83 438.65 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.26 438.65 Td (Finance, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.71 438.65 Td (including ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.17 438.65 Td (any ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.61 438.65 Td (recommendations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.07 438.65 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.12 438.65 Td (April ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.06 438.65 Td (3, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.49 438.65 Td (2019.) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 421.85 Td (Also ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.12 421.85 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.74 421.85 Td (October ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.36 421.85 Td (1) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.70 421.85 Td (1, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.81 421.85 Td (2018, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.94 421.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.06 421.85 Td (Government ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.19 421.85 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.31 421.85 Td (Canada ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.44 421.85 Td (announced ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.60 421.85 Td (provisional ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.23 421.85 Td (safeguard ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.87 421.85 Td (measures ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.99 421.85 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.61 421.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.73 421.85 Td (above ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.86 421.85 Td (noted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.99 421.85 Td (steel ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 411.05 Td (products. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.31 411.05 Td (Beginning ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.64 411.05 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.94 411.05 Td (October ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.25 411.05 Td (25, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.05 411.05 Td (2018, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.87 411.05 Td (imports ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.67 411.05 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.47 411.05 Td (these ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.78 411.05 Td (seven ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.08 411.05 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.39 411.05 Td (products ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.20 411.05 Td (will ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.99 411.05 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.30 411.05 Td (subject ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.10 411.05 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.90 411.05 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.20 411.05 Td (surtax ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.00 411.05 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.80 411.05 Td (25 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.11 411.05 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.41 411.05 Td (cent, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.21 411.05 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.51 411.05 Td (cases ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 400.25 Td (where ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 76.44 400.25 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.88 400.25 Td (level ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.31 400.25 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.75 400.25 Td (imports ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.18 400.25 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.10 400.25 Td (trading ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.55 400.25 Td (partners ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.49 400.25 Td (exceeds ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.94 400.25 Td (historical ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.38 400.25 Td (norms. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.81 400.25 Td (Provisional ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.76 400.25 Td (safeguards ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.22 400.25 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.15 400.25 Td (intended ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.61 400.25 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.04 400.25 Td (provide ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.49 400.25 Td (Canadian ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 389.45 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.84 389.45 Td (producers ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.69 389.45 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.54 389.45 Td (workers ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.88 389.45 Td (relief ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.22 389.45 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.05 389.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.39 389.45 Td (harm ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.73 389.45 Td (caused ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.58 389.45 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.92 389.45 Td (excessive ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.27 389.45 Td (imports ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.60 389.45 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.94 389.45 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.78 389.45 Td (products ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.13 389.45 Td (into ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.47 389.45 Td (Canada. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.15 389.45 Td (These ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.99 389.45 Td (provisional ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 378.65 Td (measures ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.02 378.65 Td (will ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.01 378.65 Td (remain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.02 378.65 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.53 378.65 Td (force ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.04 378.65 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.04 378.65 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.55 378.65 Td (period ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.07 378.65 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.07 378.65 Td (200-days.) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.60 378.65 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 361.85 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 58.33 361.85 Td (e ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.28 361.85 Td (continue ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.25 361.85 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.70 361.85 Td (monitor ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.66 361.85 Td (imports ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.11 361.85 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.56 361.85 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.52 361.85 Td (products ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.98 361.85 Td (into ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.44 361.85 Td (Canada ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.91 361.85 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.87 361.85 Td (support ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.83 361.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.29 361.85 Td (utilization ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.75 361.85 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.20 361.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.66 361.85 Td (domestic ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.62 361.85 Td (trade ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.08 361.85 Td (remedy ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.03 361.85 Td (system ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 540.48 361.85 Td (when ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 351.05 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.69 351.05 Td (where ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.87 351.05 Td (circumstances ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.06 351.05 Td (warrant ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.74 351.05 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.91 351.05 Td (combat ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.10 351.05 Td (dumped ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.29 351.05 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.98 351.05 Td (subsidized ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.17 351.05 Td (imports ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.35 351.05 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.02 351.05 Td (injuring ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.71 351.05 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.39 351.05 Td (business ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.58 351.05 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.26 351.05 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.44 351.05 Td (aid ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.12 351.05 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.80 351.05 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.98 351.05 Td (stabilization ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 340.25 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.01 340.25 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.02 340.25 Td (domestic ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.53 340.25 Td (market.) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.54 340.25 Td ( ) Tj ET Q BT /F5 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 323.45 Td (Land ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.00 323.45 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.50 323.45 Td (Building ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.66 323.45 Td (Acquisition) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 306.65 Td (On ) Tj ET Q q 0 0 0 rg BT 63.80 306.65 Td (June ) Tj ET Q q 0 0 0 rg BT 85.12 306.65 Td (5, ) Tj ET Q q 0 0 0 rg BT 94.42 306.65 Td (2018, ) Tj ET Q q 0 0 0 rg BT 118.74 306.65 Td (Stelco ) Tj ET Q q 0 0 0 rg BT 145.56 306.65 Td (acquired ) Tj ET Q q 0 0 0 rg BT 181.88 306.65 Td (the ) Tj ET Q q 0 0 0 rg BT 196.19 306.65 Td (land ) Tj ET Q q 0 0 0 rg BT 215.00 306.65 Td (and ) Tj ET Q q 0 0 0 rg BT 231.81 306.65 Td (buildings ) Tj ET Q q 0 0 0 rg BT 269.14 306.65 Td (beneficially ) Tj ET Q q 0 0 0 rg BT 315.46 306.65 Td (owned ) Tj ET Q q 0 0 0 rg BT 343.78 306.65 Td (by ) Tj ET Q q 0 0 0 rg BT 355.09 306.65 Td (Legacy ) Tj ET Q q 0 0 0 rg BT 385.91 306.65 Td (Lands ) Tj ET Q q 0 0 0 rg BT 412.23 306.65 Td (Limited ) Tj ET Q q 0 0 0 rg BT 443.04 306.65 Td (Partnership ) Tj ET Q q 0 0 0 rg BT 490.86 306.65 Td (\(the ) Tj ET Q q 0 0 0 rg BT 508.17 306.65 Td (Land ) Tj ET Q q 0 0 0 rg BT 529.98 306.65 Td (V) Tj ET Q q 0 0 0 rg BT 535.49 306.65 Td (ehicle\) ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 295.85 Td (on ) Tj ET Q q 0 0 0 rg BT 61.84 295.85 Td (which ) Tj ET Q q 0 0 0 rg BT 86.68 295.85 Td (Stelco ) Tj ET Q q 0 0 0 rg BT 113.52 295.85 Td (conducts ) Tj ET Q q 0 0 0 rg BT 151.37 295.85 Td (its ) Tj ET Q q 0 0 0 rg BT 162.20 295.85 Td (operations ) Tj ET Q q 0 0 0 rg BT 206.06 295.85 Td (in ) Tj ET Q q 0 0 0 rg BT 214.89 295.85 Td (Hamilton ) Tj ET Q q 0 0 0 rg BT 252.24 295.85 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 313.09 295.85 Td (760 ) Tj ET Q q 0 0 0 rg BT 329.93 295.85 Td (acres\) ) Tj ET Q q 0 0 0 rg BT 356.77 295.85 Td (and ) Tj ET Q q 0 0 0 rg BT 373.61 295.85 Td (Nanticoke, ) Tj ET Q q 0 0 0 rg BT 417.96 295.85 Td (Ontario ) Tj ET Q q 0 0 0 rg BT 449.31 295.85 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 510.16 295.85 Td (2,300 ) Tj ET Q q 0 0 0 rg BT 534.51 295.85 Td (acres\), ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 285.05 Td (including ) Tj ET Q q 0 0 0 rg BT 88.61 285.05 Td (lands ) Tj ET Q q 0 0 0 rg BT 113.21 285.05 Td (in ) Tj ET Q q 0 0 0 rg BT 123.31 285.05 Td (Hamilton ) Tj ET Q q 0 0 0 rg BT 161.90 285.05 Td (that ) Tj ET Q q 0 0 0 rg BT 180.00 285.05 Td (contain ) Tj ET Q q 0 0 0 rg BT 212.11 285.05 Td (the ) Tj ET Q q 0 0 0 rg BT 227.71 285.05 Td (HW ) Tj ET Q q 0 0 0 rg BT 245.79 285.05 Td (blast ) Tj ET Q q 0 0 0 rg BT 267.89 285.05 Td (furnace ) Tj ET Q q 0 0 0 rg BT 300.99 285.05 Td (and ) Tj ET Q q 0 0 0 rg BT 319.09 285.05 Td (cast ) Tj ET Q q 0 0 0 rg BT 338.69 285.05 Td (houses, ) Tj ET Q q 0 0 0 rg BT 373.29 285.05 Td (as ) Tj ET Q q 0 0 0 rg BT 385.89 285.05 Td (well ) Tj ET Q q 0 0 0 rg BT 404.48 285.05 Td (as ) Tj ET Q q 0 0 0 rg BT 417.07 285.05 Td (developable ) Tj ET Q q 0 0 0 rg BT 468.70 285.05 Td (lands ) Tj ET Q q 0 0 0 rg BT 493.30 285.05 Td (and ) Tj ET Q q 0 0 0 rg BT 511.40 285.05 Td (port ) Tj ET Q q 0 0 0 rg BT 530.00 285.05 Td (facilities ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (\(collectively) Tj ET Q q 0 0 0 rg BT 95.84 274.25 Td (, ) Tj ET Q q 0 0 0 rg BT 101.20 274.25 Td (the ) Tj ET Q q 0 0 0 rg BT 116.57 274.25 Td (Lands\). ) Tj ET Q q 0 0 0 rg BT 149.26 274.25 Td (The ) Tj ET Q q 0 0 0 rg BT 167.62 274.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 207.50 274.25 Td (price ) Tj ET Q q 0 0 0 rg BT 229.86 274.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 264.25 274.25 Td (for ) Tj ET Q q 0 0 0 rg BT 277.60 274.25 Td (the ) Tj ET Q q 0 0 0 rg BT 292.97 274.25 Td (Lands ) Tj ET Q q 0 0 0 rg BT 320.35 274.25 Td (was ) Tj ET Q q 0 0 0 rg BT 339.21 274.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 398.09 274.25 Td ($1) Tj ET Q q 0 0 0 rg BT 407.44 274.25 Td (14 ) Tj ET Q q 0 0 0 rg BT 420.30 274.25 Td (million ) Tj ET Q q 0 0 0 rg BT 448.66 274.25 Td (and ) Tj ET Q q 0 0 0 rg BT 466.54 274.25 Td (was ) Tj ET Q q 0 0 0 rg BT 485.40 274.25 Td (financed ) Tj ET Q q 0 0 0 rg BT 522.28 274.25 Td (with ) Tj ET Q q 0 0 0 rg BT 541.14 274.25 Td (a ) Tj ET Q q 0 0 0 rg BT 549.00 274.25 Td (25-) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 263.45 Td (year) Tj ET Q q 0 0 0 rg BT 67.01 263.45 Td (, ) Tj ET Q q 0 0 0 rg BT 73.21 263.45 Td (8% ) Tj ET Q q 0 0 0 rg BT 89.92 263.45 Td (per ) Tj ET Q q 0 0 0 rg BT 106.63 263.45 Td (annum ) Tj ET Q q 0 0 0 rg BT 137.84 263.45 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 179.56 263.45 Td (payable ) Tj ET Q q 0 0 0 rg BT 214.79 263.45 Td (\(the ) Tj ET Q q 0 0 0 rg BT 234.00 263.45 Td (Mortgage\) ) Tj ET Q q 0 0 0 rg BT 278.71 263.45 Td (issued ) Tj ET Q q 0 0 0 rg BT 308.43 263.45 Td (to ) Tj ET Q q 0 0 0 rg BT 319.63 263.45 Td (the ) Tj ET Q q 0 0 0 rg BT 335.84 263.45 Td (Land ) Tj ET Q q 0 0 0 rg BT 359.57 263.45 Td (V) Tj ET Q q 0 0 0 rg BT 365.07 263.45 Td (ehicle.) Tj ET Q q 0 0 0 rg BT 393.43 263.45 Td (The ) Tj ET Q q 0 0 0 rg BT 412.63 263.45 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 451.35 263.45 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 493.07 263.45 Td (payments ) Tj ET Q q 0 0 0 rg BT 535.79 263.45 Td (will ) Tj ET Q q 0 0 0 rg BT 551.98 263.45 Td (be ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 252.65 Td (distributed ) Tj ET Q q 0 0 0 rg BT 93.01 252.65 Td (by ) Tj ET Q q 0 0 0 rg BT 104.00 252.65 Td (the ) Tj ET Q q 0 0 0 rg BT 118.00 252.65 Td (Land ) Tj ET Q q 0 0 0 rg BT 139.50 252.65 Td (V) Tj ET Q q 0 0 0 rg BT 145.01 252.65 Td (ehicle ) Tj ET Q q 0 0 0 rg BT 170.01 252.65 Td (to ) Tj ET Q q 0 0 0 rg BT 179.00 252.65 Td (fund ) Tj ET Q q 0 0 0 rg BT 198.00 252.65 Td (various ) Tj ET Q q 0 0 0 rg BT 228.50 252.65 Td (pension ) Tj ET Q q 0 0 0 rg BT 261.51 252.65 Td (and ) Tj ET Q q 0 0 0 rg BT 278.01 252.65 Td (other ) Tj ET Q q 0 0 0 rg BT 300.01 252.65 Td (post-employment ) Tj ET Q q 0 0 0 rg BT 370.52 252.65 Td (benefit ) Tj ET Q q 0 0 0 rg BT 399.03 252.65 Td (commitments ) Tj ET Q q 0 0 0 rg BT 454.02 252.65 Td (\(OPEBs\) ) Tj ET Q q 0 0 0 rg BT 491.01 252.65 Td (for ) Tj ET Q q 0 0 0 rg BT 503.00 252.65 Td (Stelco ) Tj ET Q q 0 0 0 rg BT 529.50 252.65 Td (retirees.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 235.85 Td (In ) Tj ET Q q 0 0 0 rg BT 60.02 235.85 Td (connection ) Tj ET Q q 0 0 0 rg BT 106.06 235.85 Td (with ) Tj ET Q q 0 0 0 rg BT 124.58 235.85 Td (the ) Tj ET Q q 0 0 0 rg BT 139.60 235.85 Td (Lands ) Tj ET Q q 0 0 0 rg BT 166.63 235.85 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 214.17 235.85 Td (existing ) Tj ET Q q 0 0 0 rg BT 247.20 235.85 Td (lease ) Tj ET Q q 0 0 0 rg BT 271.23 235.85 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 329.27 235.85 Td (between ) Tj ET Q q 0 0 0 rg BT 365.81 235.85 Td (Stelco ) Tj ET Q q 0 0 0 rg BT 393.33 235.85 Td (and ) Tj ET Q q 0 0 0 rg BT 410.86 235.85 Td (the ) Tj ET Q q 0 0 0 rg BT 425.88 235.85 Td (Land ) Tj ET Q q 0 0 0 rg BT 448.42 235.85 Td (V) Tj ET Q q 0 0 0 rg BT 453.92 235.85 Td (ehicle ) Tj ET Q q 0 0 0 rg BT 479.95 235.85 Td (were ) Tj ET Q q 0 0 0 rg BT 501.97 235.85 Td (terminated ) Tj ET Q q 0 0 0 rg BT 547.00 235.85 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 225.05 Td (the ) Tj ET Q q 0 0 0 rg BT 65.09 225.05 Td (associated ) Tj ET Q q 0 0 0 rg BT 110.69 225.05 Td (rental ) Tj ET Q q 0 0 0 rg BT 135.78 225.05 Td (payments ) Tj ET Q q 0 0 0 rg BT 177.38 225.05 Td (were ) Tj ET Q q 0 0 0 rg BT 199.46 225.05 Td (canceled, ) Tj ET Q q 0 0 0 rg BT 240.56 225.05 Td (resulting ) Tj ET Q q 0 0 0 rg BT 277.16 225.05 Td (in ) Tj ET Q q 0 0 0 rg BT 286.74 225.05 Td (Stelco's ) Tj ET Q q 0 0 0 rg BT 320.54 225.05 Td (buildings', ) Tj ET Q q 0 0 0 rg BT 362.87 225.05 Td (which ) Tj ET Q q 0 0 0 rg BT 388.45 225.05 Td (were ) Tj ET Q q 0 0 0 rg BT 410.53 225.05 Td (previously ) Tj ET Q q 0 0 0 rg BT 453.63 225.05 Td (held ) Tj ET Q q 0 0 0 rg BT 473.22 225.05 Td (under ) Tj ET Q q 0 0 0 rg BT 498.81 225.05 Td (a ) Tj ET Q q 0 0 0 rg BT 506.40 225.05 Td (finance ) Tj ET Q q 0 0 0 rg BT 537.99 225.05 Td (lease, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (to ) Tj ET Q q 0 0 0 rg BT 61.02 214.25 Td (be ) Tj ET Q q 0 0 0 rg BT 74.54 214.25 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 123.08 214.25 Td (and ) Tj ET Q q 0 0 0 rg BT 141.60 214.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 180.64 214.25 Td (as ) Tj ET Q q 0 0 0 rg BT 193.66 214.25 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 251.70 214.25 Td (buildings ) Tj ET Q q 0 0 0 rg BT 290.74 214.25 Td (on ) Tj ET Q q 0 0 0 rg BT 304.26 214.25 Td (the ) Tj ET Q q 0 0 0 rg BT 320.29 214.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 368.54 214.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 422.59 214.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 457.63 214.25 Td (sheet. ) Tj ET Q q 0 0 0 rg BT 485.43 214.25 Td (The ) Tj ET Q q 0 0 0 rg BT 504.45 214.25 Td (total ) Tj ET Q q 0 0 0 rg BT 524.98 214.25 Td (purchase ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 203.45 Td (consideration ) Tj ET Q q 0 0 0 rg BT 104.90 203.45 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 113.77 203.45 Td ($1) Tj ET Q q 0 0 0 rg BT 123.11 203.45 Td (14 ) Tj ET Q q 0 0 0 rg BT 134.48 203.45 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 159.99 203.45 Td ( ) Tj ET Q q 0 0 0 rg BT 161.35 203.45 Td (included ) Tj ET Q q 0 0 0 rg BT 196.24 203.45 Td (land ) Tj ET Q q 0 0 0 rg BT 214.62 203.45 Td (costs ) Tj ET Q q 0 0 0 rg BT 236.99 203.45 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 245.85 203.45 Td ($85 ) Tj ET Q q 0 0 0 rg BT 262.23 203.45 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 287.74 203.45 Td ( ) Tj ET Q q 0 0 0 rg BT 289.10 203.45 Td (\(which ) Tj ET Q q 0 0 0 rg BT 316.47 203.45 Td (excludes ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.36 203.45 Td ($4 ) Tj ET Q q 0 0 0 rg BT 364.73 203.45 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 390.24 203.45 Td ( ) Tj ET Q q 0 0 0 rg BT 391.60 203.45 Td (of ) Tj ET Q q 0 0 0 rg BT 400.47 203.45 Td (transaction ) Tj ET Q q 0 0 0 rg BT 445.85 203.45 Td (costs\) ) Tj ET Q q 0 0 0 rg BT 471.22 203.45 Td (and ) Tj ET Q q 0 0 0 rg BT 487.60 203.45 Td (the ) Tj ET Q q 0 0 0 rg BT 501.47 203.45 Td (extinguishment ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 192.65 Td (of ) Tj ET Q q 0 0 0 rg BT 60.01 192.65 Td (lease ) Tj ET Q q 0 0 0 rg BT 84.02 192.65 Td (related ) Tj ET Q q 0 0 0 rg BT 114.04 192.65 Td (obligations ) Tj ET Q q 0 0 0 rg BT 159.57 192.65 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 169.58 192.65 Td ($29 ) Tj ET Q q 0 0 0 rg BT 187.10 192.65 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 212.60 192.65 Td (.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 175.85 Td (Also ) Tj ET Q q 0 0 0 rg BT 70.26 175.85 Td (in ) Tj ET Q q 0 0 0 rg BT 80.01 175.85 Td (acquiring ) Tj ET Q q 0 0 0 rg BT 119.29 175.85 Td (the ) Tj ET Q q 0 0 0 rg BT 134.55 175.85 Td (Lands, ) Tj ET Q q 0 0 0 rg BT 164.32 175.85 Td (Stelco ) Tj ET Q q 0 0 0 rg BT 192.09 175.85 Td (assumed ) Tj ET Q q 0 0 0 rg BT 231.36 175.85 Td (approximately ) Tj ET Q q 0 0 0 rg BT 290.13 175.85 Td (1.8 ) Tj ET Q q 0 0 0 rg BT 305.40 175.85 Td (million ) Tj ET Q q 0 0 0 rg BT 333.65 175.85 Td (metric ) Tj ET Q q 0 0 0 rg BT 360.90 175.85 Td (tonnes ) Tj ET Q q 0 0 0 rg BT 390.68 175.85 Td (of ) Tj ET Q q 0 0 0 rg BT 400.93 175.85 Td (secondary ) Tj ET Q q 0 0 0 rg BT 445.21 175.85 Td (waste ) Tj ET Q q 0 0 0 rg BT 471.47 175.85 Td (materials, ) Tj ET Q q 0 0 0 rg BT 513.23 175.85 Td (which ) Tj ET Q q 0 0 0 rg BT 538.99 175.85 Td (under ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 165.05 Td (an ) Tj ET Q q 0 0 0 rg BT 61.97 165.05 Td (approved ) Tj ET Q q 0 0 0 rg BT 101.45 165.05 Td (secondary ) Tj ET Q q 0 0 0 rg BT 144.93 165.05 Td (materials ) Tj ET Q q 0 0 0 rg BT 183.40 165.05 Td (management ) Tj ET Q q 0 0 0 rg BT 237.89 165.05 Td (plan ) Tj ET Q q 0 0 0 rg BT 256.86 165.05 Td (\(SMMP\) ) Tj ET Q q 0 0 0 rg BT 291.81 165.05 Td (with ) Tj ET Q q 0 0 0 rg BT 309.77 165.05 Td (the ) Tj ET Q q 0 0 0 rg BT 324.24 165.05 Td (Ministry ) Tj ET Q q 0 0 0 rg BT 357.19 165.05 Td (of ) Tj ET Q q 0 0 0 rg BT 366.65 165.05 Td (the ) Tj ET Q q 0 0 0 rg BT 381.12 165.05 Td (Environment, ) Tj ET Q q 0 0 0 rg BT 436.10 165.05 Td (Conservation ) Tj ET Q q 0 0 0 rg BT 491.09 165.05 Td (and ) Tj ET Q q 0 0 0 rg BT 508.06 165.05 Td (Parks ) Tj ET Q q 0 0 0 rg BT 533.02 165.05 Td (\(MOE\), ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (will ) Tj ET Q q 0 0 0 rg BT 64.51 154.25 Td (either ) Tj ET Q q 0 0 0 rg BT 89.03 154.25 Td (be ) Tj ET Q q 0 0 0 rg BT 101.05 154.25 Td (utilized ) Tj ET Q q 0 0 0 rg BT 131.08 154.25 Td (as ) Tj ET Q q 0 0 0 rg BT 142.60 154.25 Td (infill ) Tj ET Q q 0 0 0 rg BT 160.11 154.25 Td (by ) Tj ET Q q 0 0 0 rg BT 171.63 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 186.15 154.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 226.68 154.25 Td (on ) Tj ET Q q 0 0 0 rg BT 238.70 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 253.22 154.25 Td (site, ) Tj ET Q q 0 0 0 rg BT 271.74 154.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 290.26 154.25 Td (to ) Tj ET Q q 0 0 0 rg BT 299.78 154.25 Td (third ) Tj ET Q q 0 0 0 rg BT 319.29 154.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 348.32 154.25 Td (or ) Tj ET Q q 0 0 0 rg BT 358.33 154.25 Td (removed ) Tj ET Q q 0 0 0 rg BT 395.36 154.25 Td (from ) Tj ET Q q 0 0 0 rg BT 415.37 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 429.89 154.25 Td (site ) Tj ET Q q 0 0 0 rg BT 445.91 154.25 Td (and ) Tj ET Q q 0 0 0 rg BT 462.93 154.25 Td (transferred ) Tj ET Q q 0 0 0 rg BT 508.46 154.25 Td (to ) Tj ET Q q 0 0 0 rg BT 517.98 154.25 Td (an ) Tj ET Q q 0 0 0 rg BT 530.00 154.25 Td (external ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 143.45 Td (land ) Tj ET Q q 0 0 0 rg BT 69.99 143.45 Td (fill. ) Tj ET Q q 0 0 0 rg BT 83.97 143.45 Td (Under ) Tj ET Q q 0 0 0 rg BT 111.45 143.45 Td (the ) Tj ET Q q 0 0 0 rg BT 126.94 143.45 Td (terms ) Tj ET Q q 0 0 0 rg BT 152.42 143.45 Td (of ) Tj ET Q q 0 0 0 rg BT 162.90 143.45 Td (the ) Tj ET Q q 0 0 0 rg BT 178.39 143.45 Td (SMMP) Tj ET Q q 0 0 0 rg BT 204.23 143.45 Td (, ) Tj ET Q q 0 0 0 rg BT 209.70 143.45 Td (Stelco ) Tj ET Q q 0 0 0 rg BT 237.69 143.45 Td (is ) Tj ET Q q 0 0 0 rg BT 247.17 143.45 Td (required ) Tj ET Q q 0 0 0 rg BT 283.16 143.45 Td (to ) Tj ET Q q 0 0 0 rg BT 293.64 143.45 Td (manage ) Tj ET Q q 0 0 0 rg BT 329.14 143.45 Td (these ) Tj ET Q q 0 0 0 rg BT 354.13 143.45 Td (waste ) Tj ET Q q 0 0 0 rg BT 380.62 143.45 Td (pile ) Tj ET Q q 0 0 0 rg BT 397.61 143.45 Td (materials ) Tj ET Q q 0 0 0 rg BT 437.09 143.45 Td (over ) Tj ET Q q 0 0 0 rg BT 457.58 143.45 Td (a ) Tj ET Q q 0 0 0 rg BT 465.56 143.45 Td (ten ) Tj ET Q q 0 0 0 rg BT 481.04 143.45 Td (year ) Tj ET Q q 0 0 0 rg BT 501.53 143.45 Td (period ) Tj ET Q q 0 0 0 rg BT 529.52 143.45 Td (which ) Tj ET Q q 0 0 0 rg BT 555.51 143.45 Td (is ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 132.65 Td (subject ) Tj ET Q q 0 0 0 rg BT 81.75 132.65 Td (to ) Tj ET Q q 0 0 0 rg BT 92.48 132.65 Td (the ) Tj ET Q q 0 0 0 rg BT 108.22 132.65 Td (potential ) Tj ET Q q 0 0 0 rg BT 145.48 132.65 Td (future ) Tj ET Q q 0 0 0 rg BT 171.73 132.65 Td (use ) Tj ET Q q 0 0 0 rg BT 189.47 132.65 Td (of ) Tj ET Q q 0 0 0 rg BT 200.20 132.65 Td (the ) Tj ET Q q 0 0 0 rg BT 215.95 132.65 Td (Lands. ) Tj ET Q q 0 0 0 rg BT 245.99 132.65 Td (The ) Tj ET Q q 0 0 0 rg BT 264.73 132.65 Td (implementation ) Tj ET Q q 0 0 0 rg BT 328.99 132.65 Td (of ) Tj ET Q q 0 0 0 rg BT 339.73 132.65 Td (the ) Tj ET Q q 0 0 0 rg BT 355.47 132.65 Td (SMMP) Tj ET Q q 0 0 0 rg BT 382.30 132.65 Td ( ) Tj ET Q q 0 0 0 rg BT 385.53 132.65 Td (may ) Tj ET Q q 0 0 0 rg BT 405.77 132.65 Td (be ) Tj ET Q q 0 0 0 rg BT 419.01 132.65 Td (revised ) Tj ET Q q 0 0 0 rg BT 451.25 132.65 Td (periodically ) Tj ET Q q 0 0 0 rg BT 499.50 132.65 Td (in ) Tj ET Q q 0 0 0 rg BT 509.74 132.65 Td (responses ) Tj ET Q q 0 0 0 rg BT 554.49 132.65 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 121.85 Td (changes ) Tj ET Q q 0 0 0 rg BT 86.55 121.85 Td (in ) Tj ET Q q 0 0 0 rg BT 96.07 121.85 Td (the ) Tj ET Q q 0 0 0 rg BT 111.11 121.85 Td (types ) Tj ET Q q 0 0 0 rg BT 135.14 121.85 Td (of ) Tj ET Q q 0 0 0 rg BT 145.17 121.85 Td (waste ) Tj ET Q q 0 0 0 rg BT 171.20 121.85 Td (materials ) Tj ET Q q 0 0 0 rg BT 210.23 121.85 Td (and ) Tj ET Q q 0 0 0 rg BT 227.77 121.85 Td (land ) Tj ET Q q 0 0 0 rg BT 247.31 121.85 Td (utilization.) Tj ET Q q 0 0 0 rg BT 289.66 121.85 Td (The ) Tj ET Q q 0 0 0 rg BT 307.69 121.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 348.73 121.85 Td (is ) Tj ET Q q 0 0 0 rg BT 357.75 121.85 Td (assessing ) Tj ET Q q 0 0 0 rg BT 400.30 121.85 Td (the ) Tj ET Q q 0 0 0 rg BT 415.33 121.85 Td (future ) Tj ET Q q 0 0 0 rg BT 440.87 121.85 Td (use ) Tj ET Q q 0 0 0 rg BT 457.90 121.85 Td (requirements ) Tj ET Q q 0 0 0 rg BT 512.94 121.85 Td (in ) Tj ET Q q 0 0 0 rg BT 522.47 121.85 Td (respect ) Tj ET Q q 0 0 0 rg BT 554.50 121.85 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 111.05 Td (the ) Tj ET Q q 0 0 0 rg BT 65.40 111.05 Td (Lands ) Tj ET Q q 0 0 0 rg BT 92.81 111.05 Td (and ) Tj ET Q q 0 0 0 rg BT 110.71 111.05 Td (will ) Tj ET Q q 0 0 0 rg BT 126.09 111.05 Td (accrue ) Tj ET Q q 0 0 0 rg BT 155.99 111.05 Td (a ) Tj ET Q q 0 0 0 rg BT 163.88 111.05 Td (liability) Tj ET Q q 0 0 0 rg BT 190.22 111.05 Td (, ) Tj ET Q q 0 0 0 rg BT 195.61 111.05 Td (with ) Tj ET Q q 0 0 0 rg BT 214.50 111.05 Td (a ) Tj ET Q q 0 0 0 rg BT 222.39 111.05 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 282.32 111.05 Td (increase ) Tj ET Q q 0 0 0 rg BT 319.22 111.05 Td (to ) Tj ET Q q 0 0 0 rg BT 329.61 111.05 Td (the ) Tj ET Q q 0 0 0 rg BT 345.01 111.05 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 390.42 111.05 Td (cost, ) Tj ET Q q 0 0 0 rg BT 412.31 111.05 Td (in ) Tj ET Q q 0 0 0 rg BT 422.21 111.05 Td (the ) Tj ET Q q 0 0 0 rg BT 437.60 111.05 Td (event ) Tj ET Q q 0 0 0 rg BT 462.51 111.05 Td (that ) Tj ET Q q 0 0 0 rg BT 480.40 111.05 Td (the ) Tj ET Q q 0 0 0 rg BT 495.80 111.05 Td (future ) Tj ET Q q 0 0 0 rg BT 521.70 111.05 Td (use ) Tj ET Q q 0 0 0 rg BT 539.10 111.05 Td (of ) Tj ET Q q 0 0 0 rg BT 549.49 111.05 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 100.25 Td (lands ) Tj ET Q q 0 0 0 rg BT 74.02 100.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 109.03 100.25 Td (Stelco ) Tj ET Q q 0 0 0 rg BT 136.55 100.25 Td (to ) Tj ET Q q 0 0 0 rg BT 146.55 100.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 168.56 100.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 192.07 100.25 Td (in ) Tj ET Q q 0 0 0 rg BT 201.57 100.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 247.60 100.25 Td (with ) Tj ET Q q 0 0 0 rg BT 266.11 100.25 Td (these ) Tj ET Q q 0 0 0 rg BT 290.63 100.25 Td (waste ) Tj ET Q q 0 0 0 rg BT 316.64 100.25 Td (materials.) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 83.45 Td (The ) Tj ET Q q 0 0 0 rg BT 68.68 83.45 Td (Lands ) Tj ET Q q 0 0 0 rg BT 96.37 83.45 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 142.07 83.45 Td (provides ) Tj ET Q q 0 0 0 rg BT 179.26 83.45 Td (Stelco ) Tj ET Q q 0 0 0 rg BT 207.44 83.45 Td (with ) Tj ET Q q 0 0 0 rg BT 226.62 83.45 Td (the ) Tj ET Q q 0 0 0 rg BT 242.30 83.45 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 279.48 83.45 Td (to ) Tj ET Q q 0 0 0 rg BT 290.16 83.45 Td (utilize ) Tj ET Q q 0 0 0 rg BT 316.34 83.45 Td (the ) Tj ET Q q 0 0 0 rg BT 332.02 83.45 Td (properties ) Tj ET Q q 0 0 0 rg BT 375.21 83.45 Td (for ) Tj ET Q q 0 0 0 rg BT 388.89 83.45 Td (its ) Tj ET Q q 0 0 0 rg BT 401.06 83.45 Td (existing ) Tj ET Q q 0 0 0 rg BT 434.74 83.45 Td (operations ) Tj ET Q q 0 0 0 rg BT 479.94 83.45 Td (and ) Tj ET Q q 0 0 0 rg BT 498.13 83.45 Td (allows ) Tj ET Q q 0 0 0 rg BT 526.31 83.45 Td (Stelco ) Tj ET Q q 0 0 0 rg BT 554.49 83.45 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 72.65 Td (develop ) Tj ET Q q 0 0 0 rg BT 84.34 72.65 Td (these ) Tj ET Q q 0 0 0 rg BT 109.16 72.65 Td (properties ) Tj ET Q q 0 0 0 rg BT 152.00 72.65 Td (in ) Tj ET Q q 0 0 0 rg BT 161.81 72.65 Td (a ) Tj ET Q q 0 0 0 rg BT 169.63 72.65 Td (manner ) Tj ET Q q 0 0 0 rg BT 202.95 72.65 Td (that ) Tj ET Q q 0 0 0 rg BT 220.78 72.65 Td (both ) Tj ET Q q 0 0 0 rg BT 241.10 72.65 Td (complements ) Tj ET Q q 0 0 0 rg BT 297.43 72.65 Td (our ) Tj ET Q q 0 0 0 rg BT 313.25 72.65 Td (current ) Tj ET Q q 0 0 0 rg BT 344.07 72.65 Td (and ) Tj ET Q q 0 0 0 rg BT 361.90 72.65 Td (future ) Tj ET Q q 0 0 0 rg BT 387.73 72.65 Td (operations ) Tj ET Q q 0 0 0 rg BT 432.56 72.65 Td (and ) Tj ET Q q 0 0 0 rg BT 450.39 72.65 Td (to ) Tj ET Q q 0 0 0 rg BT 460.71 72.65 Td (pursue ) Tj ET Q q 0 0 0 rg BT 491.04 72.65 Td (other ) Tj ET Q q 0 0 0 rg BT 514.36 72.65 Td (uses ) Tj ET Q q 0 0 0 rg BT 536.18 72.65 Td (for ) Tj ET Q q 0 0 0 rg BT 549.50 72.65 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 61.85 Td (Lands; ) Tj ET Q q 0 0 0 rg BT 79.74 61.85 Td (in ) Tj ET Q q 0 0 0 rg BT 89.47 61.85 Td (particular: ) Tj ET Q q 0 0 0 rg BT 131.70 61.85 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 142.42 61.85 Td (extracting ) Tj ET Q q 0 0 0 rg BT 184.16 61.85 Td (additional ) Tj ET Q q 0 0 0 rg BT 225.41 61.85 Td (value ) Tj ET Q q 0 0 0 rg BT 249.64 61.85 Td (from ) Tj ET Q q 0 0 0 rg BT 270.36 61.85 Td (our ) Tj ET Q q 0 0 0 rg BT 286.09 61.85 Td (assets ) Tj ET Q q 0 0 0 rg BT 314.82 61.85 Td (by ) Tj ET Q q 0 0 0 rg BT 327.05 61.85 Td (enhancing ) Tj ET Q q 0 0 0 rg BT 371.31 61.85 Td (operating ) Tj ET Q q 0 0 0 rg BT 411.56 61.85 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 448.29 61.85 Td (previously ) Tj ET Q q 0 0 0 rg BT 491.52 61.85 Td (unavailable ) Tj ET Q q 0 0 0 rg BT 539.78 61.85 Td (to ) Tj ET Q q 0 0 0 rg BT 550.01 61.85 Td (us, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 51.05 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 62.48 51.05 Td (lowering ) Tj ET Q q 0 0 0 rg BT 98.48 51.05 Td (our ) Tj ET Q q 0 0 0 rg BT 113.97 51.05 Td (costs, ) Tj ET Q q 0 0 0 rg BT 139.96 51.05 Td (and ) Tj ET Q q 0 0 0 rg BT 157.46 51.05 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 171.94 51.05 Td (creating ) Tj ET Q q 0 0 0 rg BT 206.44 51.05 Td (significant ) Tj ET Q q 0 0 0 rg BT 248.95 51.05 Td (and ) Tj ET Q q 0 0 0 rg BT 266.45 51.05 Td (previously ) Tj ET Q q 0 0 0 rg BT 309.45 51.05 Td (unrealizable ) Tj ET Q q 0 0 0 rg BT 360.47 51.05 Td (value ) Tj ET Q q 0 0 0 rg BT 384.47 51.05 Td (for ) Tj ET Q q 0 0 0 rg BT 397.46 51.05 Td (our ) Tj ET Q q 0 0 0 rg BT 412.95 51.05 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 467.46 51.05 Td (through ) Tj ET Q q 0 0 0 rg BT 500.47 51.05 Td (development ) Tj ET Q q 0 0 0 rg BT 554.49 51.05 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 40.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 80.26 40.25 Td (land ) Tj ET Q q 0 0 0 rg BT 99.53 40.25 Td (and ) Tj ET Q q 0 0 0 rg BT 116.80 40.25 Td (port ) Tj ET Q q 0 0 0 rg BT 134.56 40.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 168.82 40.25 Td (located ) Tj ET Q q 0 0 0 rg BT 200.10 40.25 Td (in ) Tj ET Q q 0 0 0 rg BT 209.35 40.25 Td (the ) Tj ET Q q 0 0 0 rg BT 224.12 40.25 Td (Greater ) Tj ET Q q 0 0 0 rg BT 256.73 40.25 Td (T) Tj ET Q q 0 0 0 rg BT 261.23 40.25 Td (oronto ) Tj ET Q q 0 0 0 rg BT 288.56 40.25 Td (Area. ) Tj ET Q q 0 0 0 rg BT 312.32 40.25 Td (In ) Tj ET Q q 0 0 0 rg BT 322.08 40.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 358.36 40.25 Td (the ) Tj ET Q q 0 0 0 rg BT 373.12 40.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 413.89 40.25 Td (continues ) Tj ET Q q 0 0 0 rg BT 454.67 40.25 Td (to ) Tj ET Q q 0 0 0 rg BT 464.43 40.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 495.70 40.25 Td (the ) Tj ET Q q 0 0 0 rg BT 510.46 40.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 539.74 40.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.49 40.25 Td (the ) Tj ET Q endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 771.50 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 214.60 771.50 Td (AND ) Tj ET Q q 0 0 0 rg BT 241.08 771.50 Td (ANAL) Tj ET Q q 0 0 0 rg BT 270.62 771.50 Td (YSIS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.20 24.25 Td (5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 749.45 Td (environmental ) Tj ET Q q 0 0 0 rg BT 108.03 749.45 Td (release ) Tj ET Q q 0 0 0 rg BT 139.05 749.45 Td (in ) Tj ET Q q 0 0 0 rg BT 147.56 749.45 Td (respect ) Tj ET Q q 0 0 0 rg BT 178.57 749.45 Td (of ) Tj ET Q q 0 0 0 rg BT 187.58 749.45 Td (the ) Tj ET Q q 0 0 0 rg BT 201.59 749.45 Td (Lands ) Tj ET Q q 0 0 0 rg BT 227.61 749.45 Td (that ) Tj ET Q q 0 0 0 rg BT 244.12 749.45 Td (was ) Tj ET Q q 0 0 0 rg BT 261.63 749.45 Td (granted ) Tj ET Q q 0 0 0 rg BT 293.65 749.45 Td (by ) Tj ET Q q 0 0 0 rg BT 304.66 749.45 Td (the ) Tj ET Q q 0 0 0 rg BT 318.67 749.45 Td (MOE ) Tj ET Q q 0 0 0 rg BT 340.67 749.45 Td (on ) Tj ET Q q 0 0 0 rg BT 352.18 749.45 Td (closing ) Tj ET Q q 0 0 0 rg BT 381.70 749.45 Td (of ) Tj ET Q q 0 0 0 rg BT 390.70 749.45 Td (Stelco's ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 423.44 749.45 Td (Companies' ) Tj ET Q q 0 0 0 rg BT 472.18 749.45 Td (Creditors ) Tj ET Q q 0 0 0 rg BT 509.99 749.45 Td (Arrangement ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 50.00 738.65 Td (Act) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 63.00 738.65 Td ( ) Tj ET Q q 0 0 0 rg BT 65.50 738.65 Td (\(CCAA\) ) Tj ET Q q 0 0 0 rg BT 99.00 738.65 Td (reorganization ) Tj ET Q q 0 0 0 rg BT 158.54 738.65 Td (on ) Tj ET Q q 0 0 0 rg BT 171.05 738.65 Td (June ) Tj ET Q q 0 0 0 rg BT 193.07 738.65 Td (30, ) Tj ET Q q 0 0 0 rg BT 208.08 738.65 Td (2017. ) Tj ET Q BT /F5 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 721.85 Td (Amended ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.51 721.85 Td (OPEB ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.51 721.85 Td (Funding ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.16 721.85 Td (Agreement ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 705.05 Td (Also ) Tj ET Q q 0 0 0 rg BT 70.13 705.05 Td (on ) Tj ET Q q 0 0 0 rg BT 82.77 705.05 Td (June ) Tj ET Q q 0 0 0 rg BT 104.91 705.05 Td (5, ) Tj ET Q q 0 0 0 rg BT 115.04 705.05 Td (2018, ) Tj ET Q q 0 0 0 rg BT 140.18 705.05 Td (Stelco ) Tj ET Q q 0 0 0 rg BT 167.82 705.05 Td (entered ) Tj ET Q q 0 0 0 rg BT 200.97 705.05 Td (into ) Tj ET Q q 0 0 0 rg BT 218.10 705.05 Td (an ) Tj ET Q q 0 0 0 rg BT 230.74 705.05 Td (amended ) Tj ET Q q 0 0 0 rg BT 270.89 705.05 Td (OPEB ) Tj ET Q q 0 0 0 rg BT 298.52 705.05 Td (funding ) Tj ET Q q 0 0 0 rg BT 330.68 705.05 Td (agreement ) Tj ET Q q 0 0 0 rg BT 376.33 705.05 Td (\(the ) Tj ET Q q 0 0 0 rg BT 393.94 705.05 Td (Amended ) Tj ET Q q 0 0 0 rg BT 435.09 705.05 Td (OPEB ) Tj ET Q q 0 0 0 rg BT 462.72 705.05 Td (Funding ) Tj ET Q q 0 0 0 rg BT 497.35 705.05 Td (Agreement\) ) Tj ET Q q 0 0 0 rg BT 546.99 705.05 Td (that ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (reduced ) Tj ET Q q 0 0 0 rg BT 83.99 694.25 Td (Stelco) Tj ET Q q 0 0 0 rg BT 110.84 694.25 Td (s ) Tj ET Q q 0 0 0 rg BT 116.80 694.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 155.28 694.25 Td (to ) Tj ET Q q 0 0 0 rg BT 164.25 694.25 Td (future ) Tj ET Q q 0 0 0 rg BT 188.73 694.25 Td (variable ) Tj ET Q q 0 0 0 rg BT 221.70 694.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 252.69 694.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 306.68 694.25 Td (\(including ) Tj ET Q q 0 0 0 rg BT 346.66 694.25 Td (future ) Tj ET Q q 0 0 0 rg BT 371.14 694.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 400.61 694.25 Td (free ) Tj ET Q q 0 0 0 rg BT 417.58 694.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 438.05 694.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 455.52 694.25 Td (contributions\) ) Tj ET Q q 0 0 0 rg BT 511.01 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 527.48 694.25 Td (provided ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 683.45 Td (the ) Tj ET Q q 0 0 0 rg BT 65.27 683.45 Td (independent ) Tj ET Q q 0 0 0 rg BT 117.58 683.45 Td (employee ) Tj ET Q q 0 0 0 rg BT 159.36 683.45 Td (life ) Tj ET Q q 0 0 0 rg BT 173.62 683.45 Td (and ) Tj ET Q q 0 0 0 rg BT 191.40 683.45 Td (health ) Tj ET Q q 0 0 0 rg BT 218.68 683.45 Td (trusts ) Tj ET Q q 0 0 0 rg BT 243.44 683.45 Td (\(ELHT) Tj ET Q q 0 0 0 rg BT 268.44 683.45 Td (s\) ) Tj ET Q q 0 0 0 rg BT 278.70 683.45 Td (established ) Tj ET Q q 0 0 0 rg BT 326.99 683.45 Td (as ) Tj ET Q q 0 0 0 rg BT 339.25 683.45 Td (part ) Tj ET Q q 0 0 0 rg BT 357.52 683.45 Td (of ) Tj ET Q q 0 0 0 rg BT 367.78 683.45 Td (Stelco) Tj ET Q q 0 0 0 rg BT 394.63 683.45 Td (s ) Tj ET Q q 0 0 0 rg BT 401.89 683.45 Td (CCAA) Tj ET Q q 0 0 0 rg BT 426.40 683.45 Td ( ) Tj ET Q q 0 0 0 rg BT 429.16 683.45 Td (reorganization, ) Tj ET Q q 0 0 0 rg BT 491.45 683.45 Td (with ) Tj ET Q q 0 0 0 rg BT 510.22 683.45 Td (an ) Tj ET Q q 0 0 0 rg BT 522.98 683.45 Td (increased ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 672.65 Td (fixed ) Tj ET Q q 0 0 0 rg BT 72.25 672.65 Td (funding ) Tj ET Q q 0 0 0 rg BT 105.03 672.65 Td (commitment ) Tj ET Q q 0 0 0 rg BT 157.28 672.65 Td (over ) Tj ET Q q 0 0 0 rg BT 178.03 672.65 Td (a ) Tj ET Q q 0 0 0 rg BT 186.28 672.65 Td (25 ) Tj ET Q q 0 0 0 rg BT 199.53 672.65 Td (year ) Tj ET Q q 0 0 0 rg BT 220.29 672.65 Td (term. ) Tj ET Q q 0 0 0 rg BT 243.82 672.65 Td (The ) Tj ET Q q 0 0 0 rg BT 261.93 672.65 Td (Amended ) Tj ET Q q 0 0 0 rg BT 303.70 672.65 Td (OPEB ) Tj ET Q q 0 0 0 rg BT 331.95 672.65 Td (Funding ) Tj ET Q q 0 0 0 rg BT 367.08 672.65 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 414.34 672.65 Td (replaces ) Tj ET Q q 0 0 0 rg BT 451.61 672.65 Td (Stelco) Tj ET Q q 0 0 0 rg BT 478.46 672.65 Td (s ) Tj ET Q q 0 0 0 rg BT 486.20 672.65 Td (funding ) Tj ET Q q 0 0 0 rg BT 518.97 672.65 Td (obligations ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 661.85 Td (under ) Tj ET Q q 0 0 0 rg BT 74.62 661.85 Td (the ) Tj ET Q q 0 0 0 rg BT 88.73 661.85 Td (OPEB ) Tj ET Q q 0 0 0 rg BT 115.33 661.85 Td (funding ) Tj ET Q q 0 0 0 rg BT 146.46 661.85 Td (agreement ) Tj ET Q q 0 0 0 rg BT 191.08 661.85 Td (that ) Tj ET Q q 0 0 0 rg BT 207.69 661.85 Td (was ) Tj ET Q q 0 0 0 rg BT 225.30 661.85 Td (entered ) Tj ET Q q 0 0 0 rg BT 257.42 661.85 Td (into ) Tj ET Q q 0 0 0 rg BT 273.53 661.85 Td (at ) Tj ET Q q 0 0 0 rg BT 282.63 661.85 Td (the ) Tj ET Q q 0 0 0 rg BT 296.74 661.85 Td (closing ) Tj ET Q q 0 0 0 rg BT 326.35 661.85 Td (of ) Tj ET Q q 0 0 0 rg BT 335.46 661.85 Td (Stelco) Tj ET Q q 0 0 0 rg BT 362.31 661.85 Td (s ) Tj ET Q q 0 0 0 rg BT 368.41 661.85 Td (CCAA) Tj ET Q q 0 0 0 rg BT 392.92 661.85 Td ( ) Tj ET Q q 0 0 0 rg BT 394.51 661.85 Td (reorganization ) Tj ET Q q 0 0 0 rg BT 453.15 661.85 Td (\(the ) Tj ET Q q 0 0 0 rg BT 470.25 661.85 Td (Original ) Tj ET Q q 0 0 0 rg BT 502.87 661.85 Td (OPEB ) Tj ET Q q 0 0 0 rg BT 529.47 661.85 Td (Funding ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 651.05 Td (Agreement\). ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (In ) Tj ET Q q 0 0 0 rg BT 60.53 634.25 Td (providing ) Tj ET Q q 0 0 0 rg BT 100.08 634.25 Td (more ) Tj ET Q q 0 0 0 rg BT 123.61 634.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 145.65 634.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 175.71 634.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 208.26 634.25 Td (of ) Tj ET Q q 0 0 0 rg BT 218.79 634.25 Td (OPEBs, ) Tj ET Q q 0 0 0 rg BT 253.83 634.25 Td (the ) Tj ET Q q 0 0 0 rg BT 268.77 634.25 Td (Amended ) Tj ET Q q 0 0 0 rg BT 310.32 634.25 Td (OPEB ) Tj ET Q q 0 0 0 rg BT 338.35 634.25 Td (Funding ) Tj ET Q q 0 0 0 rg BT 373.30 634.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 420.36 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 438.40 634.25 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 479.45 634.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 521.49 634.25 Td (eliminates ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 623.45 Td (Stelco) Tj ET Q q 0 0 0 rg BT 76.85 623.45 Td (s ) Tj ET Q q 0 0 0 rg BT 84.01 623.45 Td (variable ) Tj ET Q q 0 0 0 rg BT 118.19 623.45 Td (funding ) Tj ET Q q 0 0 0 rg BT 150.37 623.45 Td (obligations ) Tj ET Q q 0 0 0 rg BT 196.06 623.45 Td (tied ) Tj ET Q q 0 0 0 rg BT 213.23 623.45 Td (to ) Tj ET Q q 0 0 0 rg BT 223.40 623.45 Td (excess ) Tj ET Q q 0 0 0 rg BT 254.07 623.45 Td (free ) Tj ET Q q 0 0 0 rg BT 272.24 623.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 293.91 623.45 Td (flow ) Tj ET Q q 0 0 0 rg BT 312.57 623.45 Td (that ) Tj ET Q q 0 0 0 rg BT 330.24 623.45 Td (could ) Tj ET Q q 0 0 0 rg BT 354.42 623.45 Td (have ) Tj ET Q q 0 0 0 rg BT 376.59 623.45 Td (resulted ) Tj ET Q q 0 0 0 rg BT 411.27 623.45 Td (in ) Tj ET Q q 0 0 0 rg BT 420.93 623.45 Td (significant ) Tj ET Q q 0 0 0 rg BT 463.61 623.45 Td (additional ) Tj ET Q q 0 0 0 rg BT 504.80 623.45 Td (OPEB ) Tj ET Q q 0 0 0 rg BT 532.47 623.45 Td (funding ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 612.65 Td (contributions ) Tj ET Q q 0 0 0 rg BT 103.53 612.65 Td (and ) Tj ET Q q 0 0 0 rg BT 121.05 612.65 Td (provides ) Tj ET Q q 0 0 0 rg BT 157.56 612.65 Td (greater ) Tj ET Q q 0 0 0 rg BT 188.58 612.65 Td (certainty ) Tj ET Q q 0 0 0 rg BT 225.10 612.65 Td (to ) Tj ET Q q 0 0 0 rg BT 235.10 612.65 Td (our ) Tj ET Q q 0 0 0 rg BT 250.61 612.65 Td (employees ) Tj ET Q q 0 0 0 rg BT 296.63 612.65 Td (and ) Tj ET Q q 0 0 0 rg BT 314.15 612.65 Td (retirees ) Tj ET Q q 0 0 0 rg BT 346.66 612.65 Td (as ) Tj ET Q q 0 0 0 rg BT 358.67 612.65 Td (to ) Tj ET Q q 0 0 0 rg BT 368.67 612.65 Td (deposits ) Tj ET Q q 0 0 0 rg BT 404.70 612.65 Td (into ) Tj ET Q q 0 0 0 rg BT 421.71 612.65 Td (the ) Tj ET Q q 0 0 0 rg BT 436.72 612.65 Td (trusts.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 595.85 Td (Refer ) Tj ET Q q 0 0 0 rg BT 74.55 595.85 Td (to ) Tj ET Q q 0 0 0 rg BT 84.61 595.85 Td (') Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 86.32 595.85 Td (Review ) Tj ET Q q 0 0 0 rg BT 118.38 595.85 Td (of ) Tj ET Q q 0 0 0 rg BT 128.43 595.85 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 167.99 595.85 Td (Financial ) Tj ET Q q 0 0 0 rg BT 206.55 595.85 Td (Results ) Tj ET Q q 0 0 0 rg BT 239.11 595.85 Td (- ) Tj ET Q q 0 0 0 rg BT 244.65 595.85 Td (Finance ) Tj ET Q q 0 0 0 rg BT 279.21 595.85 Td (costs) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 300.22 595.85 Td (' ) Tj ET Q q 0 0 0 rg BT 304.48 595.85 Td (and ) Tj ET Q q 0 0 0 rg BT 322.05 595.85 Td (') Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 323.76 595.85 Td (Review ) Tj ET Q q 0 0 0 rg BT 355.82 595.85 Td (of ) Tj ET Q q 0 0 0 rg BT 365.87 595.85 Td (Balance ) Tj ET Q q 0 0 0 rg BT 400.94 595.85 Td (Sheets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 428.96 595.85 Td (' ) Tj ET Q q 0 0 0 rg BT 433.23 595.85 Td (sections ) Tj ET Q q 0 0 0 rg BT 468.79 595.85 Td (in ) Tj ET Q q 0 0 0 rg BT 478.34 595.85 Td (this ) Tj ET Q q 0 0 0 rg BT 494.89 595.85 Td (MD&A) Tj ET Q q 0 0 0 rg BT 520.40 595.85 Td ( ) Tj ET Q q 0 0 0 rg BT 522.94 595.85 Td (for ) Tj ET Q q 0 0 0 rg BT 535.99 595.85 Td (further ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 585.05 Td (details.) Tj ET Q BT /F5 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 568.25 Td (Return ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.50 568.25 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.50 568.25 Td (Capital ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 551.45 Td (On ) Tj ET Q q 0 0 0 rg BT 64.46 551.45 Td (July ) Tj ET Q q 0 0 0 rg BT 82.92 551.45 Td (31, ) Tj ET Q q 0 0 0 rg BT 97.89 551.45 Td (2018, ) Tj ET Q q 0 0 0 rg BT 122.86 551.45 Td (the ) Tj ET Q q 0 0 0 rg BT 137.83 551.45 Td (Company's ) Tj ET Q q 0 0 0 rg BT 185.02 551.45 Td (Board ) Tj ET Q q 0 0 0 rg BT 211.49 551.45 Td (of ) Tj ET Q q 0 0 0 rg BT 221.45 551.45 Td (Directors ) Tj ET Q q 0 0 0 rg BT 259.91 551.45 Td (approved ) Tj ET Q q 0 0 0 rg BT 299.90 551.45 Td (a ) Tj ET Q q 0 0 0 rg BT 307.36 551.45 Td (return ) Tj ET Q q 0 0 0 rg BT 333.32 551.45 Td (of ) Tj ET Q q 0 0 0 rg BT 343.29 551.45 Td (capital ) Tj ET Q q 0 0 0 rg BT 371.76 551.45 Td (to ) Tj ET Q q 0 0 0 rg BT 381.72 551.45 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 419.19 551.45 Td (in ) Tj ET Q q 0 0 0 rg BT 428.65 551.45 Td (the ) Tj ET Q q 0 0 0 rg BT 443.62 551.45 Td (amount ) Tj ET Q q 0 0 0 rg BT 476.09 551.45 Td (of ) Tj ET Q q 0 0 0 rg BT 486.05 551.45 Td ($150 ) Tj ET Q q 0 0 0 rg BT 508.53 551.45 Td (million, ) Tj ET Q q 0 0 0 rg BT 538.99 551.45 Td (which ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 540.65 Td (was ) Tj ET Q q 0 0 0 rg BT 68.51 540.65 Td (paid ) Tj ET Q q 0 0 0 rg BT 88.02 540.65 Td (by ) Tj ET Q q 0 0 0 rg BT 100.03 540.65 Td (the ) Tj ET Q q 0 0 0 rg BT 115.04 540.65 Td (Company ) Tj ET Q q 0 0 0 rg BT 156.06 540.65 Td (on ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 168.07 540.65 Td (August13, ) Tj ET Q q 0 0 0 rg BT 213.60 540.65 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 233.63 540.65 Td (.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 521.45 Td (Strategy) Tj ET Q BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.02 521.45 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 504.65 Td (Our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.21 504.65 Td (strategy ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.44 504.65 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.15 504.65 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.86 504.65 Td (maximize ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.08 504.65 Td (total ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.30 504.65 Td (shareholder ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.04 504.65 Td (returns ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.26 504.65 Td (while ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.98 504.65 Td (maintaining ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.22 504.65 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.43 504.65 Td (conservative ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.17 504.65 Td (capital ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.39 504.65 Td (structure. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.11 504.65 Td (In ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.83 504.65 Td (order ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.05 504.65 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.77 504.65 Td (accomplish ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 547.99 504.65 Td (this ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 493.85 Td (strategy) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.35 493.85 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.32 493.85 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.29 493.85 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.77 493.85 Td (focused ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.76 493.85 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.24 493.85 Td (four ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.21 493.85 Td (strategic ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.70 493.85 Td (objectives: ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.69 493.85 Td (\(i\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.15 493.85 Td (optimizing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.13 493.85 Td (production ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.63 493.85 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.10 493.85 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.58 493.85 Td (assets; ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.56 493.85 Td (\(ii\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.02 493.85 Td (maintaining ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.52 493.85 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.99 493.85 Td (strong ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.48 493.85 Td (balance ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 483.05 Td (sheet; ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.10 483.05 Td (\(iii\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.67 483.05 Td (maximizing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.26 483.05 Td (profitability ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.86 483.05 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.45 483.05 Td (cash ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.04 483.05 Td (flows; ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.63 483.05 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.23 483.05 Td (\(iv\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.30 483.05 Td (growing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.40 483.05 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.98 483.05 Td (business. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.42 483.05 Td (These ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.01 483.05 Td (strategic ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.61 483.05 Td (objectives ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.21 483.05 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.79 483.05 Td (supported ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 537.40 483.05 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.49 483.05 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 472.25 Td (entrepreneurial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.08 472.25 Td (culture ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.63 472.25 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.18 472.25 Td (underpins ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.25 472.25 Td (Stelco) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.10 472.25 Td (s ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.14 472.25 Td (return-based ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.71 472.25 Td (approach ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.78 472.25 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.82 472.25 Td (operating ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.89 472.25 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.44 472.25 Td (business. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.77 472.25 Td (This ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.31 472.25 Td (culture ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.87 472.25 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.91 472.25 Td (driven ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 535.96 472.25 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.00 472.25 Td (our ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 461.45 Td (leadership ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.30 461.45 Td (team) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.15 461.45 Td (s ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.43 461.45 Td (ownership ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.23 461.45 Td (mentality ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.02 461.45 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.30 461.45 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.08 461.45 Td (result ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.86 461.45 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.15 461.45 Td (Bedrock's ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.16 461.45 Td (significant ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.95 461.45 Td (ownership ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.75 461.45 Td (interest ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.04 461.45 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.82 461.45 Td (Stelco ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.61 461.45 Td (Holdings, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.91 461.45 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.70 461.45 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.97 461.45 Td (unique ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 450.65 Td (amongst ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.55 450.65 Td (North ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.99 450.65 Td (American ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.03 450.65 Td (public ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.57 450.65 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.62 450.65 Td (companies. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.67 450.65 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.00 450.65 Td (e ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.04 450.65 Td (believe ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.59 450.65 Td (pursuing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.14 450.65 Td (these ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.19 450.65 Td (strategic ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.23 450.65 Td (objectives ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.28 450.65 Td (will ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.81 450.65 Td (allow ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.35 450.65 Td (us ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.89 450.65 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.42 450.65 Td (generate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.98 450.65 Td (long-) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 439.85 Td (term, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 73.00 439.85 Td (sustainable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.03 439.85 Td (returns ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.54 439.85 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.55 439.85 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.06 439.85 Td (shareholders. ) Tj ET Q BT /F2 9.00 Tf ET BT /F3 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 421.85 Td (Optimize ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.00 421.85 Td (Production ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.56 421.85 Td (From ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.33 421.85 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.85 421.85 Td (Assets ) Tj ET Q BT /F3 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.43 421.85 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 405.05 Td (As a result of historical underutilization, we have excess capacity in our coke production as well as rolling and other strategic ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 394.25 Td (steel product production capabilities. W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.42 394.25 Td (e believe we can utilize this excess capacity to grow our revenues and lower our costs ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 383.45 Td (per nt. W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.35 383.45 Td (e are actively pursuing initiatives, including potential purchases of external slab and toll-rolling for third-parties, that can ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 372.65 Td (be implemented with limited investment to improve asset utilization. In addition to utilizing excess capacity) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.03 372.65 Td (, we are continuing to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 361.85 Td (pursue initiatives such as capturing, recycling, and selling the by-products generated in our production process. W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.08 361.85 Td (e believe we ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 351.05 Td (can deliver significant organic growth from these types of low-capital, high-return projects. ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.17 351.05 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 333.05 Td (Maintain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.33 333.05 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.22 333.05 Td (Strong ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.22 333.05 Td (Balance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.35 333.05 Td (Sheet ) Tj ET Q BT /F3 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.36 333.05 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 316.25 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 58.33 316.25 Td (e ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.24 316.25 Td (believe ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.67 316.25 Td (maintaining ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.60 316.25 Td (financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.53 316.25 Td (discipline ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.46 316.25 Td (leads ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.88 316.25 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.29 316.25 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.71 316.25 Td (delivery ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.62 316.25 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.03 316.25 Td (sustainable, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.97 316.25 Td (long-term ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.89 316.25 Td (shareholder ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.33 316.25 Td (returns ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.24 316.25 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.17 316.25 Td (will ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.57 316.25 Td (ensure ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 536.99 316.25 Td (Stelco ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 305.45 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.32 305.45 Td (well-positioned ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.67 305.45 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.00 305.45 Td (manage ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.34 305.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.67 305.45 Td (cyclical ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.50 305.45 Td (nature ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.84 305.45 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.16 305.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.50 305.45 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.33 305.45 Td (industry) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.17 305.45 Td (. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.49 305.45 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.83 305.45 Td (e ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.65 305.45 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.48 305.45 Td (committed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.81 305.45 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.14 305.45 Td (maintaining ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.98 305.45 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.81 305.45 Td (strong ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.65 305.45 Td (balance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.99 305.45 Td (sheet ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 294.65 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.80 294.65 Td (suf) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.64 294.65 Td (ficient ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.94 294.65 Td (liquidity ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.75 294.65 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.55 294.65 Td (financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.37 294.65 Td (flexibility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.17 294.65 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.46 294.65 Td (support ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.27 294.65 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.07 294.65 Td (operational ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.40 294.65 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.20 294.65 Td (strategic ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.01 294.65 Td (initiatives. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.20 294.65 Td (This ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.99 294.65 Td (will ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.28 294.65 Td (allow ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.58 294.65 Td (us ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.88 294.65 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.17 294.65 Td (finance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.99 294.65 Td (selective ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 283.85 Td (capital ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.56 283.85 Td (expenditure ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.14 283.85 Td (programs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.69 283.85 Td (aimed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.75 283.85 Td (at ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.80 283.85 Td (improving ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.36 283.85 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.91 283.85 Td (product ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.47 283.85 Td (mix ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.01 283.85 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.06 283.85 Td (focus ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.11 283.85 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.67 283.85 Td (more ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.72 283.85 Td (advanced ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.29 283.85 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.85 283.85 Td (products, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.41 283.85 Td (including ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.97 283.85 Td (Advanced ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 273.05 Td (High ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.23 273.05 Td (Steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.47 273.05 Td (Strength ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.22 273.05 Td (\(AHSS\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.45 273.05 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.19 273.05 Td (Ultra ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.92 273.05 Td (High ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.15 273.05 Td (Steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.39 273.05 Td (Strength ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.14 273.05 Td (\(UHSS\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.86 273.05 Td (grades. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.61 273.05 Td (Unlike ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.34 273.05 Td (many ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.07 273.05 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.30 273.05 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.04 273.05 Td (integrated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.79 273.05 Td (peers, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.53 273.05 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 532.76 273.05 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.49 273.05 Td (not ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 262.25 Td (encumbered ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.95 262.25 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.37 262.25 Td (significant ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.30 262.25 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.23 262.25 Td (uncapped ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.68 262.25 Td (liabilities ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.61 262.25 Td (associated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.55 262.25 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.47 262.25 Td (pensions ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.41 262.25 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.35 262.25 Td (OPEBs. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.27 262.25 Td (Further) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.78 262.25 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.20 262.25 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.62 262.25 Td (have ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.05 262.25 Td (approximately) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.07 262.25 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.99 262.25 Td ($876 ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 251.45 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.51 251.45 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.88 251.45 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.75 251.45 Td (non-capital ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.15 251.45 Td (loss ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.52 251.45 Td (carryforwards ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.40 251.45 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.79 251.45 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.67 251.45 Td (tax ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.05 251.45 Td (attributes ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.44 251.45 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.82 251.45 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.19 251.45 Td (pre-tax ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.57 251.45 Td (basis ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.95 251.45 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.83 251.45 Td (at ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.70 251.45 Td (September ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.10 251.45 Td (30, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.98 251.45 Td (2018, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.87 251.45 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.25 251.45 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.62 251.45 Td (allow ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 552.50 251.45 Td (us ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 240.65 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.31 240.65 Td (reduce ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.64 240.65 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.45 240.65 Td (cash ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.27 240.65 Td (tax ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.08 240.65 Td (payments ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.90 240.65 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.72 240.65 Td (increase ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.55 240.65 Td (free ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.86 240.65 Td (cash ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.68 240.65 Td (flow ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.49 240.65 Td (generation. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.33 240.65 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.66 240.65 Td (e ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.47 240.65 Td (seek ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.29 240.65 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.60 240.65 Td (preserve ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.42 240.65 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.23 240.65 Td (capital ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.06 240.65 Td (structure ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.87 240.65 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.68 240.65 Td (low ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.99 240.65 Td (financial ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 229.85 Td (leverage ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.02 229.85 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.54 229.85 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.54 229.85 Td (largely ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.55 229.85 Td (free ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.56 229.85 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.06 229.85 Td (legacy ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.57 229.85 Td (liabilities ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.09 229.85 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.59 229.85 Td (order ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.10 229.85 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.11 229.85 Td (ensure ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.13 229.85 Td (maximum ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.63 229.85 Td (free ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.64 229.85 Td (cash ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.15 229.85 Td (flow ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.66 229.85 Td (generation. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.19 229.85 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.69 229.85 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 211.85 Td (Maximize ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.24 211.85 Td (Profitability ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.02 211.85 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.58 211.85 Td (Cash ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.81 211.85 Td (Flow ) Tj ET Q BT /F3 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.36 211.85 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 195.05 Td (Our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.47 195.05 Td (production ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.97 195.05 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.45 195.05 Td (sales ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.93 195.05 Td (ef) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.28 195.05 Td (forts ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.25 195.05 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.73 195.05 Td (focused ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.72 195.05 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.20 195.05 Td (products ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.18 195.05 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.67 195.05 Td (end ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.15 195.05 Td (markets ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.63 195.05 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.11 195.05 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.08 195.05 Td (consider ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.57 195.05 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.54 195.05 Td (have ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.53 195.05 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.51 195.05 Td (highest ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.00 195.05 Td (potential ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 551.49 195.05 Td (for ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 184.25 Td (profitability ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.10 184.25 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.20 184.25 Td (growth. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.80 184.25 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.13 184.25 Td (e ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.22 184.25 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.31 184.25 Td (currently ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.91 184.25 Td (focused ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.51 184.25 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.61 184.25 Td (expanding ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.23 184.25 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.32 184.25 Td (technical ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.93 184.25 Td (capabilities ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.54 184.25 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.62 184.25 Td (order ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.72 184.25 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.31 184.25 Td (produce ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.30 184.25 Td (AHSS ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.90 184.25 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 537.00 184.25 Td (UHSS ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 173.45 Td (grades ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.31 173.45 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.60 173.45 Td (well ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.89 173.45 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.19 173.45 Td (fully-processed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.50 173.45 Td (cold-rolled ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.81 173.45 Td (products. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.62 173.45 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.95 173.45 Td (e ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.74 173.45 Td (believe ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.05 173.45 Td (these ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.86 173.45 Td (products, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.67 173.45 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.46 173.45 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.26 173.45 Td (geared ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.07 173.45 Td (toward ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.88 173.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.18 173.45 Td (automotive ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 546.99 173.45 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 162.65 Td (construction ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.97 162.65 Td (end ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.44 162.65 Td (markets, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.39 162.65 Td (will ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.34 162.65 Td (enable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.82 162.65 Td (us ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.77 162.65 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.73 162.65 Td (deliver ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.69 162.65 Td (higher ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.16 162.65 Td (margins ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.61 162.65 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.08 162.65 Td (generate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.06 162.65 Td (increased ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.53 162.65 Td (cash ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.99 162.65 Td (flow) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.50 162.65 Td (. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.76 162.65 Td (Additionally) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.12 162.65 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.07 162.65 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 532.03 162.65 Td (seek ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.49 162.65 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 151.85 Td (aggressively ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.33 151.85 Td (maintain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.65 151.85 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.96 151.85 Td (low ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.77 151.85 Td (cost ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.58 151.85 Td (position ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.90 151.85 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.71 151.85 Td (controlling ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.04 151.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.85 151.85 Td (cost ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.66 151.85 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.47 151.85 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.78 151.85 Td (raw ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.59 151.85 Td (material ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.90 151.85 Td (inputs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.22 151.85 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.03 151.85 Td (entering ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.86 151.85 Td (into ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.67 151.85 Td (long-term ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 535.99 151.85 Td (supply ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 141.05 Td (contracts ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.49 141.05 Td (at ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.96 141.05 Td (either ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.45 141.05 Td (fixed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.43 141.05 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.40 141.05 Td (floating ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.40 141.05 Td (prices ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.38 141.05 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.36 141.05 Td (regularly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.85 141.05 Td (reviewing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.84 141.05 Td (these ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.83 141.05 Td (contracts ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.31 141.05 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.29 141.05 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.27 141.05 Td (view ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.24 141.05 Td (toward ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.23 141.05 Td (improving ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.21 141.05 Td (terms. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.19 141.05 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.52 141.05 Td (e ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.50 141.05 Td (have ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 130.25 Td (also ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.53 130.25 Td (focused ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.06 130.25 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.09 130.25 Td (improving ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.12 130.25 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.15 130.25 Td (working ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.17 130.25 Td (capital ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.21 130.25 Td (velocity ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.23 130.25 Td (through ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.77 130.25 Td (initiatives ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.80 130.25 Td (aimed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.33 130.25 Td (at ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.85 130.25 Td (optimizing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.39 130.25 Td (inventory ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.92 130.25 Td (levels ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.95 130.25 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.98 130.25 Td (accounts ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 119.45 Td (receivables. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.52 119.45 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.86 119.45 Td (e ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.36 119.45 Td (believe ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.38 119.45 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.39 119.45 Td (can ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.40 119.45 Td (maximize ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.90 119.45 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.41 119.45 Td (profitability ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.93 119.45 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.45 119.45 Td (cash ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.96 119.45 Td (flow ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.46 119.45 Td (generation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.50 119.45 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.50 119.45 Td (pursuing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.53 119.45 Td (these ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.05 119.45 Td (initiatives. ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.06 119.45 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 102.65 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.03 102.65 Td (Company) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.39 102.65 Td (s ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.42 102.65 Td (sales ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.95 102.65 Td (strategy ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.49 102.65 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.52 102.65 Td (focused ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.57 102.65 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.10 102.65 Td (maximizing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.64 102.65 Td (profits, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.17 102.65 Td (including ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.23 102.65 Td (regaining ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.78 102.65 Td (higher ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.33 102.65 Td (margin ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.36 102.65 Td (business, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.91 102.65 Td (increasing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.46 102.65 Td (its ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.99 102.65 Td (expansion ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 91.85 Td (into ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.79 91.85 Td (additional ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.60 91.85 Td (markets ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.88 91.85 Td (outside ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.18 91.85 Td (Canada ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.98 91.85 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.26 91.85 Td (respect ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.05 91.85 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.83 91.85 Td (hot-rolled, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.13 91.85 Td (cold-rolled ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.93 91.85 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.22 91.85 Td (coated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.52 91.85 Td (coil ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.30 91.85 Td (sales, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.09 91.85 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.38 91.85 Td (assessing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.68 91.85 Td (opportunities ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.49 91.85 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 81.05 Td (introduce ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.63 81.05 Td (new ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.75 81.05 Td (products. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.37 81.05 Td (Due ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.49 81.05 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.60 81.05 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.71 81.05 Td (Company) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.07 81.05 Td (s ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.17 81.05 Td (recently ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.29 81.05 Td (improved ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 304.91 81.05 Td (financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.54 81.05 Td (position, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.67 81.05 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.78 81.05 Td (believe ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.90 81.05 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.51 81.05 Td (major ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.62 81.05 Td (roadblock ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.25 81.05 Td (has ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.37 81.05 Td (been ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.00 81.05 Td (removed ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 70.25 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.51 70.25 Td (previously ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.53 70.25 Td (impacted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.55 70.25 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.06 70.25 Td (ability ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.57 70.25 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.57 70.25 Td (compete. ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.09 70.25 Td ( ) Tj ET Q endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 771.50 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 214.60 771.50 Td (AND ) Tj ET Q q 0 0 0 rg BT 241.08 771.50 Td (ANAL) Tj ET Q q 0 0 0 rg BT 270.62 771.50 Td (YSIS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.20 24.25 Td (6) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 748.75 Td (Grow ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.33 748.75 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.22 748.75 Td (Business ) Tj ET Q BT /F3 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.46 748.75 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 731.95 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 58.33 731.95 Td (e ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.52 731.95 Td (take ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.71 731.95 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.90 731.95 Td (disciplined ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.10 731.95 Td (approach ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.81 731.95 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.50 731.95 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.69 731.95 Td (capital ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.88 731.95 Td (investments ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.08 731.95 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.27 731.95 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.45 731.95 Td (focus ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.15 731.95 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.34 731.95 Td (return-based ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.55 731.95 Td (metrics. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.23 731.95 Td (Our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.41 731.95 Td (management ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.12 731.95 Td (team ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.31 731.95 Td (has ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 557.00 731.95 Td (a ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 721.15 Td (proven ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.38 721.15 Td (track ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.75 721.15 Td (record ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.13 721.15 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.50 721.15 Td (value ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.88 721.15 Td (creation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.77 721.15 Td (through ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.16 721.15 Td (an ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.03 721.15 Td (opportunistic ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.93 721.15 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.81 721.15 Td (disciplined ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.70 721.15 Td (approach ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.10 721.15 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.47 721.15 Td (acquisitions. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.86 721.15 Td (By ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.23 721.15 Td (maintaining ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.12 721.15 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 536.99 721.15 Td (strong ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 710.35 Td (balance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.41 710.35 Td (sheet, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.81 710.35 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.20 710.35 Td (can ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.59 710.35 Td (selectively ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.99 710.35 Td (pursue ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.39 710.35 Td (organic ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.79 710.35 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.69 710.35 Td (strategic ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.59 710.35 Td (opportunities ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.00 710.35 Td (when ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.40 710.35 Td (market ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.79 710.35 Td (conditions ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.20 710.35 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.09 710.35 Td (favourable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.00 710.35 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.39 710.35 Td (us. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.28 710.35 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 535.61 710.35 Td (e ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.50 710.35 Td (have ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 699.55 Td (adopted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.77 699.55 Td (this ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.02 699.55 Td (return-based ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.29 699.55 Td (approach ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.06 699.55 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.81 699.55 Td (evaluate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.08 699.55 Td (opportunities ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.86 699.55 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.60 699.55 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.85 699.55 Td (business ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.61 699.55 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.36 699.55 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.11 699.55 Td (seek ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.36 699.55 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.11 699.55 Td (expand ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.88 699.55 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.12 699.55 Td (capabilities. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.39 699.55 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.72 699.55 Td (e ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.97 699.55 Td (evaluate ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 688.75 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.59 688.75 Td (consider ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.18 688.75 Td (strategic ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.77 688.75 Td (opportunities ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.87 688.75 Td (based ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.97 688.75 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.55 688.75 Td (strictly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.62 688.75 Td (defined ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.72 688.75 Td (financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.31 688.75 Td (criteria ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.89 688.75 Td (focused ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.99 688.75 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.57 688.75 Td (pursuing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.67 688.75 Td (projects ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.75 688.75 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.33 688.75 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.41 688.75 Td (highest ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 543.01 688.75 Td (cash ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 677.95 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 62.06 677.95 Td (cash ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.12 677.95 Td (returns ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.17 677.95 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.24 677.95 Td (fastest ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.80 677.95 Td (payback. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.87 677.95 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.20 677.95 Td (e ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.25 677.95 Td (believe ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.82 677.95 Td (this ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.87 677.95 Td (will ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.42 677.95 Td (position ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.49 677.95 Td (us ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.04 677.95 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.59 677.95 Td (grow ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.15 677.95 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.20 677.95 Td (business ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.77 677.95 Td (through ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.34 677.95 Td (complementary ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.91 677.95 Td (acquisitions ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 546.99 677.95 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 667.15 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 73.01 667.15 Td (investments ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.53 667.15 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.54 667.15 Td (maximize ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.04 667.15 Td (shareholder ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.08 667.15 Td (returns. ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.09 667.15 Td ( ) Tj ET Q BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 647.95 Td (Non-IFRS ) Tj ET Q q 0 0 0 rg BT 103.16 647.95 Td (Performance ) Tj ET Q q 0 0 0 rg BT 173.47 647.95 Td (Measures) Tj ET Q BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.22 647.95 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 631.15 Td (In ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.47 631.15 Td (this ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.44 631.15 Td (MD&A, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.91 631.15 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.38 631.15 Td (refer ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.85 631.15 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.32 631.15 Td (certain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.29 631.15 Td (non-IFRS ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.77 631.15 Td (measures ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.25 631.15 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.23 631.15 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.70 631.15 Td (use ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.17 631.15 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.14 631.15 Td (addition ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.63 631.15 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.10 631.15 Td (IFRS ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.57 631.15 Td (measures ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.05 631.15 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.52 631.15 Td (evaluate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.51 631.15 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.98 631.15 Td (financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.97 631.15 Td (condition ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 620.35 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.36 620.35 Td (results ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.22 620.35 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.07 620.35 Td (operations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.45 620.35 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.30 620.35 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.16 620.35 Td (business. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.52 620.35 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.86 620.35 Td (e ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.21 620.35 Td (use ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.07 620.35 Td (non-IFRS ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.93 620.35 Td (measures ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.79 620.35 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.15 620.35 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.50 620.35 Td (typically ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.86 620.35 Td (used ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.72 620.35 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.57 620.35 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.93 620.35 Td (competitors ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.79 620.35 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.14 620.35 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 540.00 620.35 Td (North ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 609.55 Td (American ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.66 609.55 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.33 609.55 Td (industry) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.17 609.55 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.32 609.55 Td (including ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.50 609.55 Td (Adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.18 609.55 Td (Net ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.83 609.55 Td (Income, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.50 609.55 Td () Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.33 609.55 Td (Adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.01 609.55 Td (EBITDA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.85 609.55 Td () Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.68 609.55 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.84 609.55 Td () Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.67 609.55 Td (Adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.35 609.55 Td (EBITDA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.36 609.55 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.01 609.55 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.67 609.55 Td (net ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.83 609.55 Td (ton) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.18 609.55 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.33 609.55 Td () Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.17 609.55 Td (Selling ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.84 609.55 Td (Price ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.00 609.55 Td (per ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 598.75 Td (net ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.96 598.75 Td (ton) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.30 598.75 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.25 598.75 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.71 598.75 Td () Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.55 598.75 Td (Shipping ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.02 598.75 Td (V) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.53 598.75 Td (olume) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.88 598.75 Td () Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.54 598.75 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.99 598.75 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.94 598.75 Td (provide ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.90 598.75 Td (supplemental ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.88 598.75 Td (measures ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.84 598.75 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.79 598.75 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.25 598.75 Td (operating ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.22 598.75 Td (performance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.19 598.75 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.65 598.75 Td (thus ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.11 598.75 Td (highlight ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.08 598.75 Td (trends ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.54 598.75 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.99 598.75 Td (our ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 587.95 Td (core ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 69.74 587.95 Td (business ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.49 587.95 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.74 587.95 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.97 587.95 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.71 587.95 Td (otherwise ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.46 587.95 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.71 587.95 Td (apparent ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.47 587.95 Td (when ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.22 587.95 Td (relying ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.96 587.95 Td (solely ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.20 587.95 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.44 587.95 Td (IFRS ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.18 587.95 Td (financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.43 587.95 Td (measures. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.68 587.95 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.01 587.95 Td (e ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.25 587.95 Td (also ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.99 587.95 Td (believe ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.74 587.95 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.98 587.95 Td (securities ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 577.15 Td (analysts, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.00 577.15 Td (investors ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.50 577.15 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.00 577.15 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.00 577.15 Td (interested ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.01 577.15 Td (parties ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.50 577.15 Td (frequently ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.51 577.15 Td (use ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.51 577.15 Td (non-IFRS ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.51 577.15 Td (measures ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.51 577.15 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.99 577.15 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.99 577.15 Td (evaluation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.51 577.15 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.50 577.15 Td (issuers. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.99 577.15 Td (Our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.48 577.15 Td (management ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 566.35 Td (uses ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.99 566.35 Td (these ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.00 566.35 Td (non-IFRS ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.49 566.35 Td (financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.50 566.35 Td (measures ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.00 566.35 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.99 566.35 Td (order ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.98 566.35 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.47 566.35 Td (facilitate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.47 566.35 Td (operating ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.98 566.35 Td (performance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.49 566.35 Td (comparisons ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.49 566.35 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.48 566.35 Td (period-to-period, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.50 566.35 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.99 566.35 Td (prepare ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 555.55 Td (annual ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.53 555.55 Td (operating ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.56 555.55 Td (budgets ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.08 555.55 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.60 555.55 Td (forecasts, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.12 555.55 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.63 555.55 Td (drive ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.64 555.55 Td (performance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.67 555.55 Td (through ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.69 555.55 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.20 555.55 Td (management ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.23 555.55 Td (compensation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.77 555.55 Td (program. ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.28 555.55 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 538.75 Td (These ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.03 538.75 Td (measures ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.55 538.75 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.57 538.75 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.10 538.75 Td (recognized ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.14 538.75 Td (measures ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.67 538.75 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.70 538.75 Td (IFRS, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.71 538.75 Td (do ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.73 538.75 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.26 538.75 Td (have ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.78 538.75 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.80 538.75 Td (standardized ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.35 538.75 Td (meaning ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.88 538.75 Td (prescribed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.92 538.75 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.44 538.75 Td (IFRS ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.95 538.75 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.98 538.75 Td (therefore ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 527.95 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 69.96 527.95 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.43 527.95 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.39 527.95 Td (comparable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.37 527.95 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.84 527.95 Td (similar ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.79 527.95 Td (measures ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.26 527.95 Td (presented ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.25 527.95 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.71 527.95 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.18 527.95 Td (companies. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.16 527.95 Td (Rather) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.68 527.95 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.13 527.95 Td (these ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.10 527.95 Td (measures ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.58 527.95 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.54 527.95 Td (provided ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.02 527.95 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.48 527.95 Td (additional ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 517.15 Td (information ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.17 517.15 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.33 517.15 Td (complement ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.00 517.15 Td (those ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.67 517.15 Td (IFRS ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.82 517.15 Td (measures ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.99 517.15 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.14 517.15 Td (providing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.32 517.15 Td (further ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.98 517.15 Td (understanding ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.67 517.15 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.83 517.15 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.49 517.15 Td (results ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.65 517.15 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.81 517.15 Td (operations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.49 517.15 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.14 517.15 Td (management) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 557.51 517.15 Td (s ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 506.35 Td (perspective. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.13 506.35 Td (Accordingly) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.98 506.35 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.74 506.35 Td (these ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.01 506.35 Td (measures ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.77 506.35 Td (should ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.55 506.35 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.31 506.35 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.57 506.35 Td (considered ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.85 506.35 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.11 506.35 Td (isolation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.39 506.35 Td (nor ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.65 506.35 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.40 506.35 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.66 506.35 Td (substitute ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.44 506.35 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.19 506.35 Td (analysis ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.96 506.35 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.72 506.35 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.98 506.35 Td (financial ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 495.55 Td (information ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.04 495.55 Td (reported ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.09 495.55 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.63 495.55 Td (IFRS. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.15 495.55 Td (Reconciliation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.70 495.55 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.73 495.55 Td (these ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.27 495.55 Td (measures ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.30 495.55 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.33 495.55 Td (IFRS ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.35 495.55 Td (can ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.38 495.55 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.92 495.55 Td (found ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.96 495.55 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.49 495.55 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.52 495.55 Td (") Tj ET Q BT /F4 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.71 495.55 Td (Review ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.74 495.55 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.77 495.55 Td (Non-IFRS ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.30 495.55 Td (Measures) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 558.82 495.55 Td (" ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 484.75 Td (section ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.02 484.75 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.02 484.75 Td (this ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.53 484.75 Td (MD&A. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.53 484.75 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.03 484.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 466.75 Td (Adjusted Net Income ) Tj ET Q BT /F3 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.24 466.75 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 449.95 Td (Adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.54 449.95 Td (net ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.56 449.95 Td (income ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.08 449.95 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.09 449.95 Td (defined ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.13 449.95 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.15 449.95 Td (net ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.17 449.95 Td (income ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.69 449.95 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.21 449.95 Td (loss ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.72 449.95 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.74 449.95 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.76 449.95 Td (period ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.29 449.95 Td (adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.83 449.95 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.84 449.95 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.86 449.95 Td (impact ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.88 449.95 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.90 449.95 Td (impairment ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.92 449.95 Td (charges ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.45 449.95 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.48 449.95 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 439.15 Td (intangibles, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.83 439.15 Td (property) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.18 439.15 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.98 439.15 Td (plant ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.79 439.15 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.11 439.15 Td (equipment ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.44 439.15 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.75 439.15 Td (investments; ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.57 439.15 Td (acquisitions/disposition ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.92 439.15 Td (gains ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.73 439.15 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.04 439.15 Td (lossesand ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.36 439.15 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.18 439.15 Td (transaction ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.50 439.15 Td (costs; ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 428.35 Td (significant ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.36 428.35 Td (tax ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.71 428.35 Td (adjustments; ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.07 428.35 Td (unrealized ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.94 428.35 Td (gains ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.80 428.35 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.14 428.35 Td (losses ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.99 428.35 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.34 428.35 Td (derivative ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.20 428.35 Td (instruments; ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.56 428.35 Td (remeasurement ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.92 428.35 Td (impacts ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.27 428.35 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.13 428.35 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.98 428.35 Td (employee ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 417.55 Td (benefit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.69 417.55 Td (commitment ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.37 417.55 Td (obligations; ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.58 417.55 Td (adjustment ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.27 417.55 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.45 417.55 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.63 417.55 Td (significant ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.32 417.55 Td (non-routine, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.03 417.55 Td (non-recurringand/or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.24 417.55 Td (non-cash ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.94 417.55 Td (items; ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.61 417.55 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.30 417.55 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.48 417.55 Td (tax ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 540.16 417.55 Td (ef) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 547.50 417.55 Td (fect ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 406.75 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.85 406.75 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.71 406.75 Td (adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.09 406.75 Td (items. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.44 406.75 Td (In ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.29 406.75 Td (this ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.64 406.75 Td (MD&A, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.49 406.75 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.35 406.75 Td (Company ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.22 406.75 Td (adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.59 406.75 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.44 406.75 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.30 406.75 Td (following ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.67 406.75 Td (non-routine, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.05 406.75 Td (non-recurring, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.42 406.75 Td (and/or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.29 406.75 Td (non-cash ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.66 406.75 Td (items: ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.01 406.75 Td (\(i\) ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 395.95 Td (loss ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.24 395.95 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.48 395.95 Td (commodity-based ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.74 395.95 Td (swaps, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.99 395.95 Td (\(ii\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.22 395.95 Td (remeasurement ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.48 395.95 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.23 395.95 Td (employee ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.49 395.95 Td (benefit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.75 395.95 Td (commitment, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.49 395.95 Td (\(iii\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.72 395.95 Td (provision ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.98 395.95 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.22 395.95 Td (pension ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.99 395.95 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.24 395.95 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.99 395.95 Td (post-) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 385.15 Td (employment ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.48 385.15 Td (benefits, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.95 385.15 Td (\(iv\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.90 385.15 Td (restructuring ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.38 385.15 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.85 385.15 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.82 385.15 Td (costs, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.78 385.15 Td (\(v\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.73 385.15 Td (separation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.21 385.15 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.67 385.15 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.65 385.15 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.61 385.15 Td (United ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.08 385.15 Td (States ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.05 385.15 Td (Steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.02 385.15 Td (Corporation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 537.50 385.15 Td (\(USS\) ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 374.35 Td (support ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.15 374.35 Td (services, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.78 374.35 Td (\(vi\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.40 374.35 Td (acquisition ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.06 374.35 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.70 374.35 Td (costs, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.34 374.35 Td (\(vii\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.96 374.35 Td (gain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.10 374.35 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.75 374.35 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.38 374.35 Td (emergence ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.54 374.35 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.67 374.35 Td (CCAA, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.30 374.35 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.44 374.35 Td (\(viii\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.06 374.35 Td (property ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.21 374.35 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.85 374.35 Td (idle ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 540.99 374.35 Td (costs ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 363.55 Td (included ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.64 363.55 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.75 363.55 Td (cost ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.37 363.55 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.99 363.55 Td (goods ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.62 363.55 Td (sold. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.74 363.55 Td (Management ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.38 363.55 Td (believes ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.51 363.55 Td (adjusting ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.65 363.55 Td (net ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.27 363.55 Td (income ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.40 363.55 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.01 363.55 Td (excluding ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.15 363.55 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.77 363.55 Td (impact ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.39 363.55 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.01 363.55 Td (specified ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.64 363.55 Td (items ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.25 363.55 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.37 363.55 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.49 363.55 Td (more ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 352.75 Td (reflective ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.55 352.75 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.60 352.75 Td (ongoing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.17 352.75 Td (operational ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.25 352.75 Td (results ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.30 352.75 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.85 352.75 Td (uses ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.40 352.75 Td (this ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.95 352.75 Td (measure ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.51 352.75 Td (internally ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.06 352.75 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.11 352.75 Td (assist ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.66 352.75 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.20 352.75 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.25 352.75 Td (planning ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.82 352.75 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.38 352.75 Td (forecasting ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.95 352.75 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.99 352.75 Td (future ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 341.95 Td (operating ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.26 341.95 Td (results.Management ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.04 341.95 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.27 341.95 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.52 341.95 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.76 341.95 Td (view ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.50 341.95 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.25 341.95 Td (adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.01 341.95 Td (net ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.25 341.95 Td (income ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.00 341.95 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.24 341.95 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.98 341.95 Td (useful ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.73 341.95 Td (measure ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.48 341.95 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.72 341.95 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.46 341.95 Td (performance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.72 341.95 Td (because ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.48 341.95 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 331.15 Td (aforementioned ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.11 331.15 Td (adjusting ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.71 331.15 Td (items ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.79 331.15 Td (do ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.37 331.15 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.45 331.15 Td (reflect ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.53 331.15 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.61 331.15 Td (underlying ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.71 331.15 Td (operating ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.81 331.15 Td (performance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.91 331.15 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.98 331.15 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.56 331.15 Td (core ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.64 331.15 Td (business ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.74 331.15 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.32 331.15 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.90 331.15 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.98 331.15 Td (necessarily ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 320.35 Td (indicative ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.27 320.35 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.53 320.35 Td (future ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.29 320.35 Td (operating ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.57 320.35 Td (results. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.78 320.35 Td (Adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.55 320.35 Td (net ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.81 320.35 Td (income ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.58 320.35 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.83 320.35 Td (intended ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.11 320.35 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.36 320.35 Td (provide ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.63 320.35 Td (additional ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.91 320.35 Td (information ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.18 320.35 Td (only ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.44 320.35 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.21 320.35 Td (does ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.47 320.35 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.73 320.35 Td (have ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 557.00 320.35 Td (a ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 309.55 Td (standardized ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.04 309.55 Td (definition ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.56 309.55 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.08 309.55 Td (IFRS ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.08 309.55 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.60 309.55 Td (therefore ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.12 309.55 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.62 309.55 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.64 309.55 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.15 309.55 Td (comparable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.67 309.55 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.68 309.55 Td (similar ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.18 309.55 Td (measures ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.19 309.55 Td (presented ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.72 309.55 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.73 309.55 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.74 309.55 Td (companies. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 550.27 309.55 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 291.55 Td (Adjusted EBITDA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.41 291.55 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.19 291.55 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 274.75 Td (Adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.70 274.75 Td (EBITDA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.71 274.75 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.38 274.75 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.55 274.75 Td (defined ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.75 274.75 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.92 274.75 Td (net ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.11 274.75 Td (income ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.79 274.75 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.46 274.75 Td (loss ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.14 274.75 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.31 274.75 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.50 274.75 Td (period ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.19 274.75 Td (before ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.38 274.75 Td (finance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.07 274.75 Td (costs, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.25 274.75 Td (finance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.94 274.75 Td (income, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.12 274.75 Td (income ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.81 274.75 Td (tax ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.49 274.75 Td (expense, ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 263.95 Td (depreciation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.61 263.95 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.20 263.95 Td (amortization ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.80 263.95 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.40 263.95 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.48 263.95 Td (impact ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.57 263.95 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.65 263.95 Td (certain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.24 263.95 Td (non-routine, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.85 263.95 Td (non-recurring, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.46 263.95 Td (and/or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.55 263.95 Td (non-cash ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.15 263.95 Td (items. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.73 263.95 Td (In ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.82 263.95 Td (this ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.40 263.95 Td (MD&A, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.48 263.95 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 253.15 Td (Company ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.64 253.15 Td (adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.80 253.15 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.43 253.15 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.06 253.15 Td (following ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.21 253.15 Td (non-routine, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.37 253.15 Td (non-recurring, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.52 253.15 Td (and/or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.17 253.15 Td (non-cash ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.32 253.15 Td (items: ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.45 253.15 Td (\(i\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.57 253.15 Td (loss ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.70 253.15 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.84 253.15 Td (commodity-based ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.99 253.15 Td (swaps, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 564.50 253.15 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 567.00 253.15 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 569.50 253.15 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 572.00 253.15 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 574.50 253.15 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 577.01 253.15 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 579.51 253.15 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 582.01 253.15 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 584.51 253.15 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 587.01 253.15 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 589.51 253.15 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 592.01 253.15 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 594.51 253.15 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 597.01 253.15 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 599.51 253.15 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 602.01 253.15 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 604.51 253.15 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 607.01 253.15 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 609.51 253.15 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 612.01 253.15 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 614.51 253.15 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 617.01 253.15 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 619.51 253.15 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 622.01 253.15 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 242.35 Td (\(ii\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 61.98 242.35 Td (provision ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.99 242.35 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.98 242.35 Td (pension ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.50 242.35 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.50 242.35 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.00 242.35 Td (post-employment ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.02 242.35 Td (benefits, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.03 242.35 Td (\(iii\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.01 242.35 Td (restructuring ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.02 242.35 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.02 242.35 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.52 242.35 Td (costs, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.02 242.35 Td (\(iv\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.50 242.35 Td (separation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.52 242.35 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.51 242.35 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.02 242.35 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 543.51 242.35 Td (USS ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 231.55 Td (support ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.48 231.55 Td (services, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.45 231.55 Td (\(v\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.41 231.55 Td (acquisition ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.39 231.55 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.37 231.55 Td (costs, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.34 231.55 Td (\(vi\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.30 231.55 Td (gain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.77 231.55 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.75 231.55 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.72 231.55 Td (emergence ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.21 231.55 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.67 231.55 Td (CCAA, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.64 231.55 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.11 231.55 Td (\(vii\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.07 231.55 Td (property ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.55 231.55 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.53 231.55 Td (idle ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.00 231.55 Td (costs ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 220.75 Td (included ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.08 220.75 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.64 220.75 Td (cost ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.70 220.75 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.76 220.75 Td (goods ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.83 220.75 Td (sold. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.40 220.75 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.65 220.75 Td (Adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.22 220.75 Td (EBITDA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.23 220.75 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.79 220.75 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.84 220.75 Td (used ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.91 220.75 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.97 220.75 Td (management, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.56 220.75 Td (investors, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.63 220.75 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.20 220.75 Td (analysts ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.77 220.75 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.83 220.75 Td (measure ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.40 220.75 Td (operating ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.48 220.75 Td (performance ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 209.95 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.34 209.95 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 73.69 209.95 Td (Company ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.05 209.95 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.91 209.95 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.25 209.95 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.09 209.95 Td (supplement ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.46 209.95 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.80 209.95 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.65 209.95 Td (consolidated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.02 209.95 Td (financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.88 209.95 Td (statements ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.74 209.95 Td (presented ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.61 209.95 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.46 209.95 Td (accordance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.82 209.95 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.67 209.95 Td (IFRS. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.14 209.95 Td (Adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.01 209.95 Td (EBITDA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 562.02 209.95 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 199.15 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.66 199.15 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.82 199.15 Td (helpful ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.50 199.15 Td (measure ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.68 199.15 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.35 199.15 Td (operating ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.03 199.15 Td (performance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.72 199.15 Td (before ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.40 199.15 Td (non-operating ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.10 199.15 Td (financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.28 199.15 Td (items ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.94 199.15 Td (such ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.11 199.15 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.78 199.15 Td (finance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.96 199.15 Td (costs, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.62 199.15 Td (finance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.81 199.15 Td (income ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 546.98 199.15 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 188.35 Td (income ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.41 188.35 Td (tax ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.82 188.35 Td (expense, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.75 188.35 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.66 188.35 Td (well ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.56 188.35 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.47 188.35 Td (depreciation, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.40 188.35 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.82 188.35 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.23 188.35 Td (non-cash ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.65 188.35 Td (expenses. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.60 188.35 Td (Adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.03 188.35 Td (EBITDA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.04 188.35 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.44 188.35 Td (also ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.35 188.35 Td (removes ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.26 188.35 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.18 188.35 Td (impact ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.08 188.35 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.99 188.35 Td (certain ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 177.55 Td (non-routine, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.45 177.55 Td (non-recurring, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.89 177.55 Td (and/or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.82 177.55 Td (non-cash ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.26 177.55 Td (items ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.17 177.55 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.09 177.55 Td (enable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.53 177.55 Td (management, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.98 177.55 Td (investors ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.40 177.55 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.83 177.55 Td (analysts ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.26 177.55 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.18 177.55 Td (gain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.61 177.55 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.03 177.55 Td (clearer ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.95 177.55 Td (understanding ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 166.75 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.95 166.75 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 76.91 166.75 Td (underlying ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.89 166.75 Td (financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.35 166.75 Td (performance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.32 166.75 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.28 166.75 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.23 166.75 Td (Company) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.08 166.75 Td (. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.35 166.75 Td (Adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.82 166.75 Td (EBITDA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.83 166.75 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.27 166.75 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.22 166.75 Td (also ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.18 166.75 Td (helpful ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.15 166.75 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.10 166.75 Td (facilitate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.56 166.75 Td (comparison ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.53 166.75 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.48 166.75 Td (operating ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 155.95 Td (performance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.92 155.95 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.33 155.95 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.73 155.95 Td (consistent ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.65 155.95 Td (basis ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.05 155.95 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.45 155.95 Td (period-to-period ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.38 155.95 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.80 155.95 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.70 155.95 Td (provide ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.61 155.95 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.02 155.95 Td (more ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.92 155.95 Td (complete ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.83 155.95 Td (understanding ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.27 155.95 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.18 155.95 Td (factors ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.58 155.95 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 536.99 155.95 Td (trends ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 145.15 Td (impacting ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.89 145.15 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.26 145.15 Td (business. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.65 145.15 Td (While ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.52 145.15 Td (management ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.42 145.15 Td (considers ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.04 145.15 Td (Adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.43 145.15 Td (EBITDA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.44 145.15 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.81 145.15 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.18 145.15 Td (meaningful ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.58 145.15 Td (measure ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.96 145.15 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.83 145.15 Td (assessing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.22 145.15 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.10 145.15 Td (underlying ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.99 145.15 Td (financial ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 134.35 Td (performance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.77 134.35 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.51 134.35 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.27 134.35 Td (Company) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.12 134.35 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.41 134.35 Td (Adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.68 134.35 Td (EBITDA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.69 134.35 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.93 134.35 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.67 134.35 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.92 134.35 Td (non-IFRS ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.67 134.35 Td (measure ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.93 134.35 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.19 134.35 Td (does ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.95 134.35 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.70 134.35 Td (have ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.46 134.35 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.71 134.35 Td (standardized ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.48 134.35 Td (meaning ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.25 134.35 Td (prescribed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 552.51 134.35 Td (by ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 123.55 Td (IFRS ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 73.00 123.55 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.52 123.55 Td (therefore ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.04 123.55 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.54 123.55 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.55 123.55 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.07 123.55 Td (comparable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.59 123.55 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.60 123.55 Td (similar ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.10 123.55 Td (measures ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.11 123.55 Td (presented ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.64 123.55 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.65 123.55 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.66 123.55 Td (companies.) Tj ET Q endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 771.50 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 214.60 771.50 Td (AND ) Tj ET Q q 0 0 0 rg BT 241.08 771.50 Td (ANAL) Tj ET Q q 0 0 0 rg BT 270.62 771.50 Td (YSIS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.20 24.25 Td (7) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 748.75 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 55.37 748.75 Td (ariff ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 76.67 748.75 Td (Adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.22 748.75 Td (EBITDA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.07 748.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 731.95 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 54.50 731.95 Td (arif) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.84 731.95 Td (f ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.10 731.95 Td (Adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.31 731.95 Td (EBITDA, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.51 731.95 Td (defined ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.23 731.95 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.49 731.95 Td (Adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.70 731.95 Td (EBITDA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.71 731.95 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.90 731.95 Td (adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.12 731.95 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.81 731.95 Td (tarif) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.65 731.95 Td (f ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.34 731.95 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.55 731.95 Td (tarif) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.39 731.95 Td (f ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.08 731.95 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.79 731.95 Td (costs, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.49 731.95 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.18 731.95 Td (used ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.88 731.95 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.58 731.95 Td (management ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.30 731.95 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.00 731.95 Td (measure ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 721.15 Td (operating ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.57 721.15 Td (performance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.14 721.15 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.68 721.15 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.24 721.15 Td (Company ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.80 721.15 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.85 721.15 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.39 721.15 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.44 721.15 Td (supplement ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.01 721.15 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.56 721.15 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.61 721.15 Td (consolidated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.19 721.15 Td (financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.25 721.15 Td (statements ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.31 721.15 Td (presented ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.38 721.15 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.43 721.15 Td (accordance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 546.00 721.15 Td (with ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 710.35 Td (IFRS. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.34 710.35 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.84 710.35 Td (arif) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.18 710.35 Td (f ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.69 710.35 Td (Adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.22 710.35 Td (EBITDA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.23 710.35 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.74 710.35 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.74 710.35 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.25 710.35 Td (helpful ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.28 710.35 Td (measure ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.80 710.35 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.81 710.35 Td (operating ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.85 710.35 Td (performance, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.38 710.35 Td (similar ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.88 710.35 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.39 710.35 Td (Adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.92 710.35 Td (EBITDA, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.43 710.35 Td (enabling ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.97 710.35 Td (management, ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 699.55 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.61 699.55 Td (gain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.73 699.55 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.83 699.55 Td (clearer ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.45 699.55 Td (understanding ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.59 699.55 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.20 699.55 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.82 699.55 Td (underlying ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.45 699.55 Td (financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.57 699.55 Td (performance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.20 699.55 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.81 699.55 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.42 699.55 Td (Company ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.04 699.55 Td (without ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.66 699.55 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.27 699.55 Td (impact ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.88 699.55 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.49 699.55 Td (tarif) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.33 699.55 Td (f ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.93 699.55 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.05 699.55 Td (tarif) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.89 699.55 Td (f ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.50 699.55 Td (related ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 688.75 Td (costs, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 76.72 688.75 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.95 688.75 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.67 688.75 Td (currently ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.40 688.75 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.64 688.75 Td (ongoing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.89 688.75 Td (negotiations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.64 688.75 Td (between ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.89 688.75 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.62 688.75 Td (United ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.85 688.75 Td (States, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.08 688.75 Td (Mexico ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.81 688.75 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.04 688.75 Td (Canada ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.79 688.75 Td (separate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.03 688.75 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.25 688.75 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 536.98 688.75 Td (recent ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 677.95 Td (tentative ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.82 677.95 Td (USMCA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.82 677.95 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.62 677.95 Td (announced ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.96 677.95 Td (September ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.77 677.95 Td (30, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.08 677.95 Td (2018. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.40 677.95 Td (While ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.70 677.95 Td (management ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.02 677.95 Td (considers ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.16 677.95 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.66 677.95 Td (arif) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.00 677.95 Td (f ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.74 677.95 Td (Adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.55 677.95 Td (EBITDA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.56 677.95 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.36 677.95 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.16 677.95 Td (meaningful ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.98 677.95 Td (measure ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 667.15 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 63.04 667.15 Td (assessing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.61 667.15 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.66 667.15 Td (underlying ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.73 667.15 Td (financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.29 667.15 Td (performance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.36 667.15 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.41 667.15 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.46 667.15 Td (Company) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.31 667.15 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.19 667.15 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.69 667.15 Td (arif) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.03 667.15 Td (f ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.57 667.15 Td (Adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.13 667.15 Td (EBITDA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.14 667.15 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.68 667.15 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.73 667.15 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.27 667.15 Td (non-IFRS ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.33 667.15 Td (measure ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.89 667.15 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.44 667.15 Td (does ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.50 667.15 Td (not ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 656.35 Td (have ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.22 656.35 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.94 656.35 Td (standardized ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.18 656.35 Td (meaning ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.41 656.35 Td (prescribed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.14 656.35 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.35 656.35 Td (IFRS ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.56 656.35 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.29 656.35 Td (therefore ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.02 656.35 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.73 656.35 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.95 656.35 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.66 656.35 Td (comparable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.40 656.35 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.61 656.35 Td (similar ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.32 656.35 Td (measures ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.54 656.35 Td (presented ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.28 656.35 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.49 656.35 Td (other ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 645.55 Td (companies.) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.02 645.55 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 627.55 Td (Adjusted EBITDA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.41 627.55 Td ( per net ton ) Tj ET Q BT /F3 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.63 627.55 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 610.75 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 58.33 610.75 Td (e ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.52 610.75 Td (monitor ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.28 610.75 Td (Adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.48 610.75 Td (EBITDA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.49 610.75 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.67 610.75 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.86 610.75 Td (nt, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.05 610.75 Td (defined ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.75 610.75 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.01 610.75 Td (Adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.21 610.75 Td (EBITDA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.22 610.75 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.40 610.75 Td (\(defined ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.11 610.75 Td (above\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.81 610.75 Td (divided ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.51 610.75 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.19 610.75 Td (Shipping ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.40 610.75 Td (V) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.91 610.75 Td (olume ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.60 610.75 Td (\(defined ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.31 610.75 Td (below\), ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 552.50 610.75 Td (as ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 599.95 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 56.65 599.95 Td (key ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.30 599.95 Td (indicator ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.96 599.95 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.11 599.95 Td (performance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.28 599.95 Td (during ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.94 599.95 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.09 599.95 Td (period. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.25 599.95 Td (Generally) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.10 599.95 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.92 599.95 Td (Adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.59 599.95 Td (EBITDA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.60 599.95 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.24 599.95 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.90 599.95 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.04 599.95 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.19 599.95 Td (used ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.35 599.95 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.50 599.95 Td (management, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.17 599.95 Td (investors, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.33 599.95 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.99 599.95 Td (analysts ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 589.15 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.99 589.15 Td (measure ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.50 589.15 Td (profitability ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.00 589.15 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.50 589.15 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.99 589.15 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.48 589.15 Td (ton ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.48 589.15 Td (basis, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.48 589.15 Td (while ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.48 589.15 Td (excluding ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.99 589.15 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.99 589.15 Td (impacts ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.48 589.15 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.47 589.15 Td (finance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.98 589.15 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.48 589.15 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.98 589.15 Td (finance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.49 589.15 Td (income, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.49 589.15 Td (income ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.99 589.15 Td (tax ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.48 589.15 Td (expense, ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 578.35 Td (depreciation, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.21 578.35 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.38 578.35 Td (well ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.56 578.35 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.74 578.35 Td (impacts ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.42 578.35 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.59 578.35 Td (certain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.27 578.35 Td (non-routine, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.98 578.35 Td (non-recurring, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.67 578.35 Td (and/or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.86 578.35 Td (non-cash ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.56 578.35 Td (items. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.90 578.35 Td (Adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.59 578.35 Td (EBITDA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.60 578.35 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.27 578.35 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.95 578.35 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.13 578.35 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.30 578.35 Td (also ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 535.48 578.35 Td (helpful ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 567.55 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 61.66 567.55 Td (facilitate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.83 567.55 Td (comparison ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.50 567.55 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.16 567.55 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.32 567.55 Td (unit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.99 567.55 Td (profitability ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.16 567.55 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.32 567.55 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.48 567.55 Td (consistent ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.16 567.55 Td (basis ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.32 567.55 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.47 567.55 Td (period-to-period ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.16 567.55 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.33 567.55 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.99 567.55 Td (provide ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.66 567.55 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.82 567.55 Td (more ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.48 567.55 Td (complete ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 556.75 Td (understanding ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.41 556.75 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.27 556.75 Td (factors ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.64 556.75 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.02 556.75 Td (trends ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.39 556.75 Td (impacting ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.27 556.75 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.63 556.75 Td (business. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.55 556.75 Td (Adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.93 556.75 Td (EBITDA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.94 556.75 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.30 556.75 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.67 556.75 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.54 556.75 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.39 556.75 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.76 556.75 Td (non-IFRS ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.63 556.75 Td (measure ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.01 556.75 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.38 556.75 Td (does ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.26 556.75 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 535.13 556.75 Td (have ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 557.01 556.75 Td (a ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 545.95 Td (standardized ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.14 545.95 Td (meaning ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.26 545.95 Td (prescribed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.89 545.95 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.00 545.95 Td (IFRS ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.10 545.95 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.72 545.95 Td (therefore ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.34 545.95 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.95 545.95 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.06 545.95 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.68 545.95 Td (comparable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.31 545.95 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.42 545.95 Td (similar ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.02 545.95 Td (measures ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.13 545.95 Td (presented ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.77 545.95 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.88 545.95 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.99 545.95 Td (companies.) Tj ET Q BT /F2 9.00 Tf ET BT /F3 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 527.95 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 55.37 527.95 Td (ariff ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 76.67 527.95 Td (Adjusted EBITDA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.07 527.95 Td ( per net ton) Tj ET Q BT /F3 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.52 527.95 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 511.15 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 58.33 511.15 Td (e ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.53 511.15 Td (monitor ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.58 511.15 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.08 511.15 Td (arif) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.42 511.15 Td (f ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.68 511.15 Td (Adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.89 511.15 Td (EBITDA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.90 511.15 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.09 511.15 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.28 511.15 Td (nt, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.48 511.15 Td (defined ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.19 511.15 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.74 511.15 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.24 511.15 Td (arif) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.58 511.15 Td (f ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.84 511.15 Td (Adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.05 511.15 Td (EBITDA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.06 511.15 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.25 511.15 Td (\(defined ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.96 511.15 Td (above\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.66 511.15 Td (divided ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.37 511.15 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.07 511.15 Td (Shipping ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.28 511.15 Td (V) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.79 511.15 Td (olume ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.49 511.15 Td (\(defined ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 500.35 Td (below\), ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.65 500.35 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.80 500.35 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.44 500.35 Td (key ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.08 500.35 Td (indicator ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.74 500.35 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.88 500.35 Td (performance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.05 500.35 Td (during ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.70 500.35 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.85 500.35 Td (period. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.01 500.35 Td (Generally) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.86 500.35 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.83 500.35 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.33 500.35 Td (arif) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.67 500.35 Td (f ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.28 500.35 Td (Adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.95 500.35 Td (EBITDA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.96 500.35 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.59 500.35 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.24 500.35 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.39 500.35 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.52 500.35 Td (used ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.68 500.35 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.82 500.35 Td (management, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.49 500.35 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 489.55 Td (measure ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.79 489.55 Td (Adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.03 489.55 Td (EBITDA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.04 489.55 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.25 489.55 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.47 489.55 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.69 489.55 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.91 489.55 Td (ton ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.64 489.55 Td (basis, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.36 489.55 Td (while ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.09 489.55 Td (excluding ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.33 489.55 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.05 489.55 Td (impact ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.77 489.55 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.98 489.55 Td (tarif) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.82 489.55 Td (f ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.54 489.55 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.77 489.55 Td (tarif) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.61 489.55 Td (f ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.32 489.55 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.05 489.55 Td (costs. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.63 489.55 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.13 489.55 Td (arif) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.47 489.55 Td (f ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.74 489.55 Td (Adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.98 489.55 Td (EBITDA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 561.99 489.55 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 478.75 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.88 478.75 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.25 478.75 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.62 478.75 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.49 478.75 Td (non-IFRS ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.87 478.75 Td (measure ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.76 478.75 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.64 478.75 Td (does ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.03 478.75 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.40 478.75 Td (have ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.79 478.75 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.66 478.75 Td (standardized ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.07 478.75 Td (meaning ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.46 478.75 Td (prescribed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.35 478.75 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.72 478.75 Td (IFRS ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.09 478.75 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.97 478.75 Td (therefore ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.86 478.75 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.73 478.75 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.11 478.75 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.99 478.75 Td (comparable ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 467.95 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.01 467.95 Td (similar ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.50 467.95 Td (measures ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.52 467.95 Td (presented ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.05 467.95 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.06 467.95 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.07 467.95 Td (companies. ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.60 467.95 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 449.95 Td (Selling Price per net ton ) Tj ET Q BT /F3 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.25 449.95 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 433.15 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 58.33 433.15 Td (e ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.06 433.15 Td (believe ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.30 433.15 Td (another ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.55 433.15 Td (key ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.27 433.15 Td (measure ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.01 433.15 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.24 433.15 Td (performance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.48 433.15 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.71 433.15 Td (Selling ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.45 433.15 Td (Price ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.67 433.15 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.40 433.15 Td (nt, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.13 433.15 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.86 433.15 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.08 433.15 Td (defined ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.33 433.15 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.56 433.15 Td (revenue ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.80 433.15 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.52 433.15 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.26 433.15 Td (products ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.50 433.15 Td (divided ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 422.35 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 61.72 422.35 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.44 422.35 Td (shipped ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.18 422.35 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.40 422.35 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.12 422.35 Td (period. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.85 422.35 Td (Starting ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.08 422.35 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.30 422.35 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.03 422.35 Td (second ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.26 422.35 Td (quarter ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.99 422.35 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.71 422.35 Td (2018, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.44 422.35 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.16 422.35 Td (have ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.89 422.35 Td (modified ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.12 422.35 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.85 422.35 Td (revenue ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.59 422.35 Td (component ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.33 422.35 Td (\(or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.54 422.35 Td (numerator\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.77 422.35 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.49 422.35 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 411.55 Td (Selling ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.66 411.55 Td (Price ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.81 411.55 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.47 411.55 Td (net ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.63 411.55 Td (ton ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.78 411.55 Td (measure ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.44 411.55 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.60 411.55 Td (only ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.75 411.55 Td (include ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.92 411.55 Td (revenue ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.09 411.55 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.73 411.55 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.39 411.55 Td (products. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.06 411.55 Td (Previously) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.90 411.55 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.05 411.55 Td (Selling ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.71 411.55 Td (Price ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.87 411.55 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.52 411.55 Td (net ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.68 411.55 Td (ton ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.83 411.55 Td (included ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 545.01 411.55 Td (total ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 400.75 Td (revenue, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.32 400.75 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.63 400.75 Td (comprised ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.45 400.75 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.25 400.75 Td (both ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.07 400.75 Td (revenue ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.89 400.75 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.19 400.75 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.50 400.75 Td (products ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.31 400.75 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.63 400.75 Td (non-steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.95 400.75 Td (products. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.27 400.75 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.60 400.75 Td (e ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.91 400.75 Td (believe ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.73 400.75 Td (this ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.03 400.75 Td (change ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.86 400.75 Td (provides ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.17 400.75 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.48 400.75 Td (greater ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 389.95 Td (level ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.27 389.95 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.54 389.95 Td (consistency ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.33 389.95 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.09 389.95 Td (total ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.87 389.95 Td (shipments ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.65 389.95 Td (\(or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.41 389.95 Td (denominator\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.21 389.95 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.47 389.95 Td (Selling ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.26 389.95 Td (Price ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.52 389.95 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.29 389.95 Td (net ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.57 389.95 Td (ton, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.34 389.95 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.12 389.95 Td (only ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.39 389.95 Td (includes ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.17 389.95 Td (shipment ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.46 389.95 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.72 389.95 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.50 389.95 Td (products ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 379.15 Td (during ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.52 379.15 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.53 379.15 Td (period. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.39 379.15 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.40 379.15 Td (prior ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.90 379.15 Td (periods ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.92 379.15 Td (have ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.94 379.15 Td (been ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.46 379.15 Td (restated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.48 379.15 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.48 379.15 Td (reflect ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.49 379.15 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.50 379.15 Td (change ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.53 379.15 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.04 379.15 Td (presentation. ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.57 379.15 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 362.35 Td (Selling ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.62 362.35 Td (Price ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.73 362.35 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.34 362.35 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.45 362.35 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.55 362.35 Td (used ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.67 362.35 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.78 362.35 Td (management, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.41 362.35 Td (investors, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.53 362.35 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.15 362.35 Td (analysts ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.77 362.35 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.88 362.35 Td (measure ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.50 362.35 Td (sales ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.11 362.35 Td (price ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.22 362.35 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.83 362.35 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.44 362.35 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.05 362.35 Td (unit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.17 362.35 Td (basis. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.28 362.35 Td (Selling ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.90 362.35 Td (Price ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.01 362.35 Td (per ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 351.55 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 58.88 351.55 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.75 351.55 Td (helpful ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.65 351.55 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.03 351.55 Td (isolating ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.42 351.55 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.80 351.55 Td (key ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.18 351.55 Td (driver ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.06 351.55 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.43 351.55 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.32 351.55 Td (generation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.23 351.55 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.11 351.55 Td (revenue, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.50 351.55 Td (selling ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.39 351.55 Td (price, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.77 351.55 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.16 351.55 Td (helps ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.05 351.55 Td (facilitate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.44 351.55 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.33 351.55 Td (comparison ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.22 351.55 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.10 351.55 Td (sales ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.48 351.55 Td (performance ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 340.75 Td (relative ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.11 340.75 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.71 340.75 Td (peers. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.82 340.75 Td (Selling ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.93 340.75 Td (Price ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.54 340.75 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.64 340.75 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.24 340.75 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.84 340.75 Td (also ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.44 340.75 Td (helpful ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.06 340.75 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.16 340.75 Td (comparing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.28 340.75 Td (performance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.90 340.75 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.00 340.75 Td (period-to-period ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.63 340.75 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.74 340.75 Td (understanding ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.88 340.75 Td (factors ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 546.99 340.75 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 329.95 Td (trends ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.37 329.95 Td (impacting ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.24 329.95 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.60 329.95 Td (business. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.98 329.95 Td (Selling ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.35 329.95 Td (Price ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.21 329.95 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.57 329.95 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.43 329.95 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.28 329.95 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.64 329.95 Td (non-IFRS ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.51 329.95 Td (measure ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.88 329.95 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.25 329.95 Td (does ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.12 329.95 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.98 329.95 Td (have ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.85 329.95 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.21 329.95 Td (standardized ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.10 329.95 Td (meaning ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.98 329.95 Td (prescribed ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 319.15 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 62.01 319.15 Td (IFRS ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.01 319.15 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.52 319.15 Td (therefore ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.05 319.15 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.55 319.15 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.56 319.15 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.07 319.15 Td (comparable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.60 319.15 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.60 319.15 Td (similar ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.10 319.15 Td (measures ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.12 319.15 Td (presented ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.65 319.15 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.66 319.15 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.67 319.15 Td (companies.) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.69 319.15 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 301.15 Td (Shipping V) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.47 301.15 Td (olume ) Tj ET Q BT /F3 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.70 301.15 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 284.35 Td (Shipping ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.43 284.35 Td (volume ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.84 284.35 Td (represents ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.77 284.35 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.68 284.35 Td (total ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.09 284.35 Td (volume ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.51 284.35 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.41 284.35 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.83 284.35 Td (products ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.75 284.35 Td (shipped ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.67 284.35 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.08 284.35 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.99 284.35 Td (respective ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.41 284.35 Td (period ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.83 284.35 Td (measured ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.25 284.35 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.66 284.35 Td (nt. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.07 284.35 Td (Steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.98 284.35 Td (product ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 273.55 Td (shipments ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.74 273.55 Td (include ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.98 273.55 Td (hot-rolled, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.72 273.55 Td (cold-rolled ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.96 273.55 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.70 273.55 Td (coated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.44 273.55 Td (coils, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.66 273.55 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.89 273.55 Td (well ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.11 273.55 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.34 273.55 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.57 273.55 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.30 273.55 Td (products. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.04 273.55 Td (Other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.27 273.55 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.00 273.55 Td (product ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.74 273.55 Td (shipments ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.48 273.55 Td (include ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 262.75 Td (non-prime ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.30 262.75 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.09 262.75 Td (products ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.38 262.75 Td (such ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.17 262.75 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.46 262.75 Td (secondary ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.76 262.75 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.55 262.75 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.34 262.75 Td (scrap. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.63 262.75 Td (Shipping ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.44 262.75 Td (V) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.95 262.75 Td (olume ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.24 262.75 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.52 262.75 Td (used ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.81 262.75 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.09 262.75 Td (management, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.91 262.75 Td (investors, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.20 262.75 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.99 262.75 Td (analysts ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 251.95 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.22 251.95 Td (measure ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.94 251.95 Td (quantities ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.18 251.95 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.39 251.95 Td (products ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.62 251.95 Td (sold ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.84 251.95 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.55 251.95 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.78 251.95 Td (period ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.50 251.95 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.23 251.95 Td (isolate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 304.95 251.95 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.67 251.95 Td (key ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.38 251.95 Td (element ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.11 251.95 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.83 251.95 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.05 251.95 Td (generation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.29 251.95 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.51 251.95 Td (revenue. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.24 251.95 Td (Measuring ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.97 251.95 Td (Shipping ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 241.15 Td (V) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 55.51 241.15 Td (olume ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.64 241.15 Td (helps ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.77 241.15 Td (facilitate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.40 241.15 Td (comparison ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.54 241.15 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.67 241.15 Td (sales ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.29 241.15 Td (performance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.44 241.15 Td (relative ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.07 241.15 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.19 241.15 Td (peers ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.32 241.15 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.95 241.15 Td (comparison ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.09 241.15 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.22 241.15 Td (performance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.36 241.15 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.97 241.15 Td (period-to-period. ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 230.35 Td (It ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 58.24 230.35 Td (also ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.98 230.35 Td (provides ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.24 230.35 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.48 230.35 Td (more ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.22 230.35 Td (complete ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.97 230.35 Td (understanding ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.25 230.35 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.99 230.35 Td (factors ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.24 230.35 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.49 230.35 Td (trends ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.74 230.35 Td (impacting ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.49 230.35 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.73 230.35 Td (business. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.99 230.35 Td (Shipping ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.25 230.35 Td (V) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.76 230.35 Td (olume ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.51 230.35 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.24 230.35 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.48 230.35 Td (non-IFRS ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 219.55 Td (measure ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.95 219.55 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.90 219.55 Td (does ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.35 219.55 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.80 219.55 Td (have ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.25 219.55 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.19 219.55 Td (standardized ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.65 219.55 Td (meaning ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.11 219.55 Td (prescribed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.07 219.55 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.51 219.55 Td (IFRS ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.94 219.55 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.89 219.55 Td (therefore ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.85 219.55 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.78 219.55 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.23 219.55 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.17 219.55 Td (comparable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.13 219.55 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.57 219.55 Td (similar ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.50 219.55 Td (measures ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 208.75 Td (presented ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.53 208.75 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.54 208.75 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.55 208.75 Td (companies. ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.07 208.75 Td ( ) Tj ET Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 771.50 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 214.60 771.50 Td (AND ) Tj ET Q q 0 0 0 rg BT 241.08 771.50 Td (ANAL) Tj ET Q q 0 0 0 rg BT 270.62 771.50 Td (YSIS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.20 24.25 Td (8) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 748.00 Td (Selected Financial Information) Tj ET Q BT /F3 11.00 Tf ET BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 731.20 Td (The following table provides selected information for the period as indicated:) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 683.7 m 310.5 683.7 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 310.5 683.7 m 373.5 683.7 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 373.5 683.7 m 436.5 683.7 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 436.5 683.7 m 499.5 683.7 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 499.5 683.7 m 562.5 683.7 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 398.7 m 310.5 398.7 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 310.5 398.7 m 373.5 398.7 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 373.5 398.7 m 436.5 398.7 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 436.5 398.7 m 499.5 398.7 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 499.5 398.7 m 562.5 398.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 357.7 m 310.5 357.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 357.7 m 373.5 357.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 357.7 m 436.5 357.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 357.7 m 499.5 357.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 357.7 m 562.5 357.7 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 331.45 711.10 Td (Three months ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 343.45 702.10 Td (September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 459.95 711.10 Td (Nine months ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.45 702.10 Td (September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 688.10 Td (\(millions of Canadian dollars, except where otherwise noted\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 349.95 688.10 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.95 688.10 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.95 688.10 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 538.95 688.10 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 674.65 Td (Financial results) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 661.10 Td (T) Tj ET Q q 0 0 0 rg BT 58.00 661.10 Td (otal revenue) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 313.00 661.10 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 354.95 661.10 Td (619) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 376.00 661.10 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 417.95 661.10 Td (336) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 439.00 661.10 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.45 661.10 Td (1,812) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 502.00 661.10 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.45 661.10 Td (1,149) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 647.10 Td (Gross profit) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 354.95 647.10 Td (149) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 422.95 647.10 Td (12) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.95 647.10 Td (392) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 647.10 Td (123) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 633.10 Td (Selling, general and administration expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 359.95 633.10 Td (12) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 422.95 633.10 Td (12) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.95 633.10 Td (37) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.95 633.10 Td (62) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 619.10 Td (Net income \(loss\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 354.95 619.10 Td (123) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 419.95 619.10 Td (\(13) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 433.00 619.10 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.95 619.10 Td (139) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.45 619.10 Td (3,563) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 598.10 Td (Adjusted net income \(loss\) ) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 161.55 602.39 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 354.95 598.10 Td (131) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 424.95 598.10 Td (\(9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 433.00 598.10 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.95 598.10 Td (333) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.95 598.10 Td (\(4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 559.00 598.10 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 584.10 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 122.53 584.10 Td ( ) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 125.04 588.39 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 354.95 584.10 Td (154) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 427.95 584.10 Td (7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.95 584.10 Td (399) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 584.10 Td (147) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 570.10 Td (T) Tj ET Q q 0 0 0 rg BT 57.50 570.10 Td (arif) Tj ET Q q 0 0 0 rg BT 69.84 570.10 Td (f ) Tj ET Q q 0 0 0 rg BT 74.34 570.10 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 143.88 570.10 Td ( ) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 146.38 574.39 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 354.95 570.10 Td (193) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 427.95 570.10 Td (7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.95 570.10 Td (449) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 570.10 Td (147) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 549.65 Td (Operating Results) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 536.10 Td (Selling price per nt \(in dollars per nt\) ) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 200.07 540.39 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 354.95 536.10 Td (980) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 417.95 536.10 Td (793) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.95 536.10 Td (880) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 536.10 Td (794) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 522.10 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 122.53 522.10 Td ( per nt \(in dollars per nt\) ) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 220.58 526.39 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 354.95 522.10 Td (263) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 422.95 522.10 Td (17) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.95 522.10 Td (205) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 522.10 Td (104) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 508.10 Td (T) Tj ET Q q 0 0 0 rg BT 57.50 508.10 Td (arif) Tj ET Q q 0 0 0 rg BT 69.84 508.10 Td (f ) Tj ET Q q 0 0 0 rg BT 74.34 508.10 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 143.88 508.10 Td ( per nt \(in dollars per nt\) ) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 241.92 512.39 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 354.95 508.10 Td (329) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 422.95 508.10 Td (17) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.95 508.10 Td (231) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 508.10 Td (104) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 487.10 Td (Shipping volumes \(in thousands of nt\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 354.95 487.10 Td (586) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 417.95 487.10 Td (41) Tj ET Q q 0 0 0 rg BT 427.96 487.10 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.45 487.10 Td (1,947) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.45 487.10 Td (1,41) Tj ET Q q 0 0 0 rg BT 553.97 487.10 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 473.10 Td (Hot-rolled) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 354.95 473.10 Td (446) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 417.95 473.10 Td (299) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.45 473.10 Td (1,527) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 473.10 Td (998) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 459.10 Td (Coated) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 359.95 459.10 Td (82) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 422.95 459.10 Td (78) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.95 459.10 Td (259) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 459.10 Td (302) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 445.10 Td (Cold-rolled) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 359.95 445.10 Td (19) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 422.95 445.10 Td (12) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.95 445.10 Td (67) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.95 445.10 Td (43) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 431.10 Td (Other) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 359.95 431.10 Td (39) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 422.95 431.10 Td (22) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.95 431.10 Td (94) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.95 431.10 Td (68) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 403.10 Td (As at) Tj ET Q BT /F3 8.30 Tf ET q 0 0 0 rg BT 439.25 411.16 Td (September 30,) Tj ET Q BT /F3 8.30 Tf ET q 0 0 0 rg BT 477.50 402.86 Td (2018) Tj ET Q BT /F2 8.30 Tf ET q 0 0 0 rg BT 506.85 411.16 Td (December 31,) Tj ET Q BT /F2 8.30 Tf ET q 0 0 0 rg BT 540.50 402.86 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 389.65 Td (Financial position) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 376.10 Td (T) Tj ET Q q 0 0 0 rg BT 58.00 376.10 Td (otal assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 439.00 376.10 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.45 376.10 Td (1,281) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 502.00 376.10 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.45 376.10 Td (1,035) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 362.10 Td (T) Tj ET Q q 0 0 0 rg BT 57.50 362.10 Td (otal non-current liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.95 362.10 Td (519) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 362.10 Td (351) Tj ET Q BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 5.20 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 346.42 Td (1 ) Tj ET Q BT /F2 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 54.34 342.60 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 56.56 342.60 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.00 342.60 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.01 342.60 Td (definition ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.25 342.60 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.82 342.60 Td (reconciliation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.73 342.60 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.62 342.60 Td (these ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.41 342.60 Td (non-IFRS ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.87 342.60 Td (measures ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.21 342.60 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.00 342.60 Td (included ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.02 342.60 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.47 342.60 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.81 342.60 Td (') Tj ET Q BT /F4 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.34 342.60 Td (Non-IFRS ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.12 342.60 Td (Performance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.14 342.60 Td (Measures') Tj ET Q BT /F2 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.79 342.60 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.01 342.60 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.58 342.60 Td (') Tj ET Q BT /F4 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.11 342.60 Td (Review ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.56 342.60 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.45 342.60 Td (Non-IFRS ) Tj ET Q BT /F4 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.00 333.00 Td (Measures') Tj ET Q BT /F2 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.65 333.00 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.88 333.00 Td (sections ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.45 333.00 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.34 333.00 Td (this ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.01 333.00 Td (MD&A.) Tj ET Q BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 313.80 Td (Review ) Tj ET Q q 0 0 0 rg BT 90.97 313.80 Td (of ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 104.40 313.80 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 156.37 313.80 Td (Financial ) Tj ET Q q 0 0 0 rg BT 207.10 313.80 Td (Results) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 246.84 313.80 Td ( ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 297.00 Td (Net ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.68 297.00 Td (income ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.37 297.00 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.55 297.00 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.74 297.00 Td (third ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.92 297.00 Td (quarter ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.11 297.00 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.30 297.00 Td (2018 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.99 297.00 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.67 297.00 Td ($123 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.37 297.00 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.88 297.00 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.55 297.00 Td (compared ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.25 297.00 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.43 297.00 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.12 297.00 Td (net ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.30 297.00 Td (loss ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.98 297.00 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.17 297.00 Td ($13 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.86 297.00 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.36 297.00 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.04 297.00 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.22 297.00 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.41 297.00 Td (same ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.09 297.00 Td (period ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.79 297.00 Td (during ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.48 297.00 Td (2017, ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 286.20 Td (representing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.53 286.20 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.04 286.20 Td (gross ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.55 286.20 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.56 286.20 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.06 286.20 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.07 286.20 Td ($136 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.59 286.20 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.10 286.20 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.60 286.20 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.11 286.20 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.11 286.20 Td (primarily ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.61 286.20 Td (due ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.13 286.20 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.13 286.20 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.15 286.20 Td (net ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.16 286.20 Td (ef) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.50 286.20 Td (fect ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.51 286.20 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.51 286.20 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.53 286.20 Td (following:) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 269.40 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.00 269.40 Td ($137 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.27 269.40 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.77 269.40 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.02 269.40 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.04 269.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.29 269.40 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.54 269.40 Td (gross ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.79 269.40 Td (profit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.05 269.40 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.29 269.40 Td ($283 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.56 269.40 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.07 269.40 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.31 269.40 Td (higher) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.33 269.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.58 269.40 Td (revenue ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.35 269.40 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.59 269.40 Td (sale ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.35 269.40 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.10 269.40 Td (goods ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.87 269.40 Td (partly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.13 269.40 Td (of) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.47 269.40 Td (fset ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.22 269.40 Td (by ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.97 269.40 Td ($146 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.24 269.40 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.75 269.40 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.00 269.40 Td (increase) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.00 258.60 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.51 258.60 Td (cost ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.51 258.60 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.52 258.60 Td (goods ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.54 258.60 Td (sold; ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.05 258.60 Td (partially ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.56 258.60 Td (of) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.91 258.60 Td (fset ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.91 258.60 Td (by) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 243.60 Td ( ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.00 243.60 Td ($1 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.51 243.60 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.02 243.60 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.52 243.60 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.54 243.60 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.04 243.60 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.54 243.60 Td (restructuring ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.06 243.60 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.58 243.60 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.59 243.60 Td (costs.) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 229.80 Td (Net ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.88 229.80 Td (income ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.78 229.80 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.16 229.80 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.55 229.80 Td (nine ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.44 229.80 Td (months ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.83 229.80 Td (ended ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.74 229.80 Td (September ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.64 229.80 Td (30, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.03 229.80 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.06 229.80 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.44 229.80 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.32 229.80 Td ($139 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.22 229.80 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.73 229.80 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.60 229.80 Td (compared ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.50 229.80 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.89 229.80 Td ($3,563 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.29 229.80 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.80 229.80 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.68 229.80 Td (during ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.58 229.80 Td (2017, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.98 229.80 Td (representing ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 219.00 Td (a ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 58.58 219.00 Td (decrease) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.60 219.00 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.17 219.00 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.25 219.00 Td ($3,424 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.35 219.00 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.85 219.00 Td (. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.93 219.00 Td (Net ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.50 219.00 Td (income ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.09 219.00 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.16 219.00 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.24 219.00 Td (2017 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.84 219.00 Td (period ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.42 219.00 Td (includes ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.02 219.00 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.10 219.00 Td (impact ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.18 219.00 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.26 219.00 Td (a ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.83 219.00 Td ($3,665 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.93 219.00 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.44 219.00 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.01 219.00 Td (gain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.59 219.00 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.68 219.00 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.76 219.00 Td (Stelco's ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 208.20 Td (emergence ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.85 208.20 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.68 208.20 Td (CCAA, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.01 208.20 Td (associated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.87 208.20 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.70 208.20 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.04 208.20 Td (extinguishment ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.40 208.20 Td (and/or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.75 208.20 Td (satisfaction ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.60 208.20 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.93 208.20 Td (secured ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.78 208.20 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.62 208.20 Td (unsecured ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.48 208.20 Td (claims ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.81 208.20 Td (through ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.16 208.20 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 537.50 208.20 Td (CCAA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 562.01 208.20 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 197.40 Td (process ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.68 197.40 Td (during ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.87 197.40 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.55 197.40 Td (first ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.21 197.40 Td (half ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.89 197.40 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.57 197.40 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.25 197.40 Td (year) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.26 197.40 Td (. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.93 197.40 Td (Excluding ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.12 197.40 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.80 197.40 Td ($3,665 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.49 197.40 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.00 197.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.17 197.40 Td (gain, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.85 197.40 Td (net ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.53 197.40 Td (income ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.71 197.40 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.39 197.40 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.07 197.40 Td (2018 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.26 197.40 Td (period ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.44 197.40 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.12 197.40 Td ($139 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.31 197.40 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.81 197.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.98 197.40 Td (compared ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 186.60 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.30 186.60 Td (an ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 73.11 186.60 Td (adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.93 186.60 Td (net ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.24 186.60 Td (loss ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.04 186.60 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.34 186.60 Td (2017 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.16 186.60 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.46 186.60 Td ($102 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.27 186.60 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.78 186.60 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.08 186.60 Td (resulted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.89 186.60 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.69 186.60 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.49 186.60 Td (gross ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.30 186.60 Td (increase ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.11 186.60 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.41 186.60 Td ($241 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.23 186.60 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.74 186.60 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.53 186.60 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.34 186.60 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.63 186.60 Td (largely ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.94 186.60 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.25 186.60 Td (net ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.56 186.60 Td (ef) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.90 186.60 Td (fect ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.20 186.60 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.50 186.60 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 175.80 Td (following:) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 159.00 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.00 159.00 Td ($269 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.27 159.00 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.77 159.00 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.02 159.00 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.04 159.00 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.29 159.00 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.54 159.00 Td (gross ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.79 159.00 Td (profit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.05 159.00 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.29 159.00 Td ($663 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.56 159.00 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.07 159.00 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.31 159.00 Td (higher) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.33 159.00 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.58 159.00 Td (revenue ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.35 159.00 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.59 159.00 Td (sale ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.35 159.00 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.10 159.00 Td (goods ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.87 159.00 Td (partly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.13 159.00 Td (of) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.47 159.00 Td (fset ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.22 159.00 Td (by ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.97 159.00 Td ($394 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.24 159.00 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.75 159.00 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.00 159.00 Td (increase) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.00 148.20 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.51 148.20 Td (cost ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.51 148.20 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.52 148.20 Td (goods ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.54 148.20 Td (sold;) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 133.20 Td ( ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.00 133.20 Td ($26 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.52 133.20 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.02 133.20 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.52 133.20 Td (decrease) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.55 133.20 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.05 133.20 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.55 133.20 Td (restructuring ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.07 133.20 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.59 133.20 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.60 133.20 Td (costs; ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.61 133.20 Td (and) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 119.40 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.00 119.40 Td ($25 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.52 119.40 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.02 119.40 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.52 119.40 Td (lower) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.03 119.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.53 119.40 Td (selling, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.05 119.40 Td (general ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.57 119.40 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.09 119.40 Td (administrative ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.11 119.40 Td (expenses; ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.64 119.40 Td (partly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.14 119.40 Td (of) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.49 119.40 Td (fset ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.49 119.40 Td (by ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 105.60 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.00 105.60 Td ($65 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.52 105.60 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.02 105.60 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.52 105.60 Td (higher) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.54 105.60 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.04 105.60 Td (finance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.56 105.60 Td (costs; ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.57 105.60 Td (and) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 91.80 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.00 91.80 Td ($13 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.52 91.80 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.02 91.80 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.52 91.80 Td (gross ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.03 91.80 Td (increase ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.55 91.80 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.06 91.80 Td (finance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.58 91.80 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.09 91.80 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.11 91.80 Td (loss.) Tj ET Q BT /F3 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 73.80 Td (Revenue) Tj ET Q BT /F3 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.68 73.80 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 57.00 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.07 57.00 Td (majority ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.14 57.00 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.21 57.00 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.78 57.00 Td (revenue ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.87 57.00 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.43 57.00 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.50 57.00 Td (sale ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.58 57.00 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.64 57.00 Td (goods ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.73 57.00 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.79 57.00 Td (derived ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.87 57.00 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.44 57.00 Td (hot-rolled, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.02 57.00 Td (cold-rolled ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.10 57.00 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.68 57.00 Td (coated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.27 57.00 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.84 57.00 Td (products. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.91 57.00 Td (A) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.42 57.00 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.98 57.00 Td (substantial ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 46.20 Td (portion ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.96 46.20 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.91 46.20 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.86 46.20 Td (Company) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.21 46.20 Td (s ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.15 46.20 Td (revenue ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.12 46.20 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.06 46.20 Td (derived ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.02 46.20 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.46 46.20 Td (spot ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.91 46.20 Td (sales ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.36 46.20 Td (rather ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.31 46.20 Td (than ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.27 46.20 Td (through ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.23 46.20 Td (fixed-price ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.19 46.20 Td (contracts ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.14 46.20 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.59 46.20 Td (customers. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.04 46.20 Td (In ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.98 46.20 Td (addition, ) Tj ET Q endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 771.50 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 214.60 771.50 Td (AND ) Tj ET Q q 0 0 0 rg BT 241.08 771.50 Td (ANAL) Tj ET Q q 0 0 0 rg BT 270.62 771.50 Td (YSIS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.20 24.25 Td (9) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 749.45 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.52 749.45 Td (product ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.55 749.45 Td (sales ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.58 749.45 Td (such ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.60 749.45 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.11 749.45 Td (coke, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.63 749.45 Td (iron ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.65 749.45 Td (ore ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.67 749.45 Td (fines, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.19 749.45 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.22 749.45 Td (by-products ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.25 749.45 Td (\(tar) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.26 749.45 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.77 749.45 Td (ammonia ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.79 749.45 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.82 749.45 Td (light ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.34 749.45 Td (oil\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.35 749.45 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.37 749.45 Td (included ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.91 749.45 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.92 749.45 Td (revenue. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.96 749.45 Td (Our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.97 749.45 Td (revenues ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 738.65 Td (include ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.67 738.65 Td (customers ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.33 738.65 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.48 738.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.14 738.65 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.30 738.65 Td (service ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.96 738.65 Td (centre, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.62 738.65 Td (construction, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.80 738.65 Td (energy) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.65 738.65 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.30 738.65 Td (automotive ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.47 738.65 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.64 738.65 Td (appliance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.32 738.65 Td (industries ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.99 738.65 Td (across ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.65 738.65 Td (Canada ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 532.32 738.65 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.49 738.65 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 727.85 Td (United ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.52 727.85 Td (States.) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.53 727.85 Td ( ) Tj ET Q BT /F4 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 711.05 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.51 711.05 Td (2018) Tj ET Q BT /F4 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.53 711.05 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 694.25 Td (Revenue ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.45 694.25 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.47 694.25 Td (d ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.90 694.25 Td (by ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.83 694.25 Td ($283 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.27 694.25 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.78 694.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.20 694.25 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.63 694.25 Td (84%) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.64 694.25 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.56 694.25 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.99 694.25 Td ($336 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.43 694.25 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.94 694.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.36 694.25 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.79 694.25 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.22 694.25 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.24 694.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.66 694.25 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.59 694.25 Td ($619 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.04 694.25 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.54 694.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.96 694.25 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.39 694.25 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.82 694.25 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.84 694.25 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.77 694.25 Td (primarily ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.19 694.25 Td (due ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.63 694.25 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.56 694.25 Td (an) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.57 694.25 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.99 694.25 Td (increase) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 683.45 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.24 683.45 Td (shipping ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.01 683.45 Td (volumes ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.76 683.45 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.01 683.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.76 683.45 Td (selling ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.51 683.45 Td (price ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.26 683.45 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.50 683.45 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.25 683.45 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.49 683.45 Td (connection ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.26 683.45 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.50 683.45 Td (a ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.75 683.45 Td (general ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.01 683.45 Td (improvement ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.26 683.45 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.50 683.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.25 683.45 Td (market ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.00 683.45 Td (price ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.74 683.45 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.49 683.45 Td (steel) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.50 683.45 Td (. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.23 683.45 Td (Selling ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.49 683.45 Td (price ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 672.65 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.66 672.65 Td (nt ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.83 672.65 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.85 672.65 Td (d ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.51 672.65 Td (by ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.67 672.65 Td ($187) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.69 672.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.35 672.65 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.01 672.65 Td (nt, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.68 672.65 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.33 672.65 Td ($793) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.35 672.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.01 672.65 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.67 672.65 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.84 672.65 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.50 672.65 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.16 672.65 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.18 672.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.84 672.65 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.00 672.65 Td ($980) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.02 672.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.68 672.65 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.35 672.65 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.51 672.65 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.17 672.65 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.83 672.65 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.85 672.65 Td (. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.84 672.65 Td (The ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.00 672.65 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.02 672.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.68 672.65 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.34 672.65 Td (selling ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.51 672.65 Td (price ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.67 672.65 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.34 672.65 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.50 672.65 Td (third) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 661.85 Td (quarter ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.55 661.85 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.10 661.85 Td (2018 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.15 661.85 Td (compared ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.21 661.85 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.75 661.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.30 661.85 Td (same ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.35 661.85 Td (period ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.40 661.85 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.44 661.85 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.46 661.85 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.50 661.85 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.04 661.85 Td (mainly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.08 661.85 Td (due ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.13 661.85 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.67 661.85 Td (higher ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.73 661.85 Td (market ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.27 661.85 Td (prices ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.32 661.85 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.85 661.85 Td (steel, ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.40 661.85 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.45 661.85 Td (reflects ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.49 661.85 Td (macroeconomic ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 651.05 Td (conditions ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.97 651.05 Td (around ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.45 651.05 Td (supply ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.91 651.05 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.38 651.05 Td (demand ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.35 651.05 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.30 651.05 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.76 651.05 Td (products.) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.78 651.05 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.23 651.05 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.39 651.05 Td (Also ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.34 651.05 Td (impacting ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.31 651.05 Td (revenue ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.28 651.05 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.23 651.05 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.19 651.05 Td (quarter ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.16 651.05 Td (was ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.61 651.05 Td (non-steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.08 651.05 Td (sales ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.54 651.05 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.00 651.05 Td (increased ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 640.25 Td ($35million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.02 640.25 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.96 640.25 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.40 640.25 Td ($10million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.42 640.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.86 640.25 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.30 640.25 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.25 640.25 Td (third ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.19 640.25 Td (quarter ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.14 640.25 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.09 640.25 Td (2017 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.55 640.25 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.49 640.25 Td ($45million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.51 640.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.95 640.25 Td (during ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.40 640.25 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.35 640.25 Td (same ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.80 640.25 Td (period ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.25 640.25 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.69 640.25 Td (2018, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.65 640.25 Td (mostly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.09 640.25 Td (due ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.54 640.25 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.49 640.25 Td (metallurgical ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 629.45 Td (coke ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.96 629.45 Td (sales. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.42 629.45 Td (Our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.38 629.45 Td (shipping ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.85 629.45 Td (volumes ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.32 629.45 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.34 629.45 Td (d ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.29 629.45 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.75 629.45 Td (586 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.72 629.45 Td (thousand) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.75 629.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.70 629.45 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.16 629.45 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.11 629.45 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.07 629.45 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.09 629.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.04 629.45 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.00 629.45 Td (41) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.34 629.45 Td (1 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.29 629.45 Td (thousand) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.33 629.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.28 629.45 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.74 629.45 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.69 629.45 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.65 629.45 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.67 629.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.62 629.45 Td (primarily ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.57 629.45 Td (due ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.54 629.45 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 537.00 629.45 Td (higher ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 618.65 Td (hot-rolled ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.60 618.65 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.70 618.65 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.30 618.65 Td (coil ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.89 618.65 Td (sales ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.98 618.65 Td (during ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.08 618.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.68 618.65 Td (period. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.01 618.65 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.60 618.65 Td (sales ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.70 618.65 Td (product ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.80 618.65 Td (mix ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.88 618.65 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.46 618.65 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.55 618.65 Td (hot-rolled ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.16 618.65 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.26 618.65 Td (coated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.36 618.65 Td (products ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.96 618.65 Td (represented ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 607.85 Td (approximately ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.23 607.85 Td (76%) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.24 607.85 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.45 607.85 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.67 607.85 Td (14%) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.68 607.85 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.39 607.85 Td (respectively) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.24 607.85 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.94 607.85 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.66 607.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.37 607.85 Td (total ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.59 607.85 Td (sales ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.80 607.85 Td (volume ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.02 607.85 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.23 607.85 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.44 607.85 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.46 607.85 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.17 607.85 Td (whereas ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.39 607.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.11 607.85 Td (comparative ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.33 607.85 Td (period ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.56 607.85 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.77 607.85 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.79 607.85 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 545.99 607.85 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 597.05 Td (approximately ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.53 597.05 Td (73%) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.54 597.05 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.04 597.05 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.56 597.05 Td (19%) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.57 597.05 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.57 597.05 Td (respectively) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.42 597.05 Td (. ) Tj ET Q BT /F4 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 580.25 Td (YTD ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.50 580.25 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 563.45 Td (Revenue ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.08 563.45 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.10 563.45 Td (d ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.16 563.45 Td (by ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.72 563.45 Td ($663 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.79 563.45 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.30 563.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.35 563.45 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.41 563.45 Td (58%) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.42 563.45 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.97 563.45 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.03 563.45 Td ($1,149 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.61 563.45 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.12 563.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.17 563.45 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.23 563.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.79 563.45 Td (first ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.34 563.45 Td (nine) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.36 563.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.41 563.45 Td (months ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.98 563.45 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.54 563.45 Td (2017 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.62 563.45 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.17 563.45 Td ($1,812 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.76 563.45 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.26 563.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.32 563.45 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.37 563.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.94 563.45 Td (same ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 537.00 563.45 Td (period ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 552.65 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.27 552.65 Td (2018, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.55 552.65 Td (primarily ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.31 552.65 Td (due ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.08 552.65 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.35 552.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.62 552.65 Td (same ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.38 552.65 Td (factors ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.15 552.65 Td (described ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.94 552.65 Td (above. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.72 552.65 Td (Selling ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.49 552.65 Td (price ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.76 552.65 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.53 552.65 Td (nt ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.79 552.65 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.81 552.65 Td (d ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.57 552.65 Td (by ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.84 552.65 Td ($86) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.86 552.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.61 552.65 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.38 552.65 Td (nt, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.15 552.65 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.91 552.65 Td ($794) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.93 552.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.69 552.65 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.45 552.65 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.72 552.65 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.48 552.65 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 541.85 Td (nine) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.02 541.85 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 69.52 541.85 Td (months ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.55 541.85 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.56 541.85 Td (2017 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.09 541.85 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.11 541.85 Td ($880) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.13 541.85 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.64 541.85 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.16 541.85 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.17 541.85 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.69 541.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.71 541.85 Td (same ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.22 541.85 Td (period ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.75 541.85 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.77 541.85 Td (2018. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.30 541.85 Td (Also, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.82 541.85 Td (impacting ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.84 541.85 Td (revenue ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.88 541.85 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.89 541.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.91 541.85 Td (period ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.44 541.85 Td (was ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.95 541.85 Td (non-steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.48 541.85 Td (sales ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.00 541.85 Td (which ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 531.05 Td (increased ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.94 531.05 Td ($71million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.97 531.05 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.39 531.05 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.30 531.05 Td ($28 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.24 531.05 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.75 531.05 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.67 531.05 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.59 531.05 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.02 531.05 Td (nine) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.04 531.05 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.96 531.05 Td (months ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.39 531.05 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.81 531.05 Td (2017 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.75 531.05 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.18 531.05 Td ($99 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.12 531.05 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.62 531.05 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.54 531.05 Td (during ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.48 531.05 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.91 531.05 Td (same ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.84 531.05 Td (period ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.77 531.05 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.20 531.05 Td (2018, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.64 531.05 Td (mostly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 536.56 531.05 Td (due ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.50 531.05 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 520.25 Td (metallurgical ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.80 520.25 Td (coke ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.10 520.25 Td (sales. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.89 520.25 Td (Our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.18 520.25 Td (shipping ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.99 520.25 Td (volumes ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.78 520.25 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.80 520.25 Td (d ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.09 520.25 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.88 520.25 Td (1,947 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.68 520.25 Td (thousand) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.72 520.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.00 520.25 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.29 520.25 Td (2018 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.59 520.25 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.87 520.25 Td (1,41) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.72 520.25 Td (1 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.01 520.25 Td (thousand) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.04 520.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.33 520.25 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.62 520.25 Td (2017 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.92 520.25 Td (primarily ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 537.20 520.25 Td (due ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.50 520.25 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 509.45 Td (higher ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.56 509.45 Td (hot-rolled ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.63 509.45 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.20 509.45 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.26 509.45 Td (coil ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.31 509.45 Td (sales ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.86 509.45 Td (during ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.43 509.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.49 509.45 Td (period. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.39 509.45 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.44 509.45 Td (sales ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.00 509.45 Td (product ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.57 509.45 Td (mix ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.11 509.45 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.16 509.45 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.71 509.45 Td (hot-rolled ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.78 509.45 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.34 509.45 Td (coated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.91 509.45 Td (products ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.98 509.45 Td (represented ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 498.65 Td (approximately ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.44 498.65 Td (78%) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.45 498.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.87 498.65 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.30 498.65 Td (13%) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.31 498.65 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.23 498.65 Td (respectively) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.08 498.65 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.99 498.65 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.92 498.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.84 498.65 Td (total ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.27 498.65 Td (sales ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.69 498.65 Td (volume ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.12 498.65 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.04 498.65 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.97 498.65 Td (nine) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.98 498.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.40 498.65 Td (months ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.32 498.65 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.25 498.65 Td (2018, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.18 498.65 Td (whereas ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.62 498.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.54 498.65 Td (comparative ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 536.98 498.65 Td (period ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 487.85 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.51 487.85 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.53 487.85 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.03 487.85 Td (was ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.53 487.85 Td (approximately ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.06 487.85 Td (71%) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.07 487.85 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.57 487.85 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.09 487.85 Td (21%) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.10 487.85 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.10 487.85 Td (respectively) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.95 487.85 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 469.85 Td (Gross ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.68 469.85 Td (profit) Tj ET Q BT /F3 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.23 469.85 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 453.05 Td (Gross ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 76.37 453.05 Td (profit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.74 453.05 Td (reflects ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.11 453.05 Td (revenue ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.99 453.05 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.35 453.05 Td (sale ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.23 453.05 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.10 453.05 Td (goods ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.98 453.05 Td (less ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.35 453.05 Td (cost ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.21 453.05 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.08 453.05 Td (goods ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.97 453.05 Td (sold. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.34 453.05 Td (Cost ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.21 453.05 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.08 453.05 Td (goods ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.96 453.05 Td (sold ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.83 453.05 Td (includes ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.21 453.05 Td (product-related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.11 453.05 Td (costs, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 536.98 453.05 Td (labour ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 442.25 Td (costs, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 76.01 442.25 Td (employment ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.53 442.25 Td (benefits ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.55 442.25 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.07 442.25 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.08 442.25 Td (operating ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.11 442.25 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.62 442.25 Td (such ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.13 442.25 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.13 442.25 Td (repairs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.15 442.25 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.66 442.25 Td (maintenance, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.20 442.25 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.71 442.25 Td (depreciation.) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.25 442.25 Td ( ) Tj ET Q BT /F4 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 425.45 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.51 425.45 Td (2018) Tj ET Q BT /F4 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.53 425.45 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 408.65 Td (Gross ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 76.23 408.65 Td (profit ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.47 408.65 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.49 408.65 Td (d ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.72 408.65 Td (by ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.45 408.65 Td ($137 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.70 408.65 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.21 408.65 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.94 408.65 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.16 408.65 Td ($12 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.41 408.65 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.91 408.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.14 408.65 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.38 408.65 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.61 408.65 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.63 408.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.86 408.65 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.59 408.65 Td ($149 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.84 408.65 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.35 408.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.58 408.65 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.81 408.65 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.04 408.65 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.06 408.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.29 408.65 Td (mainly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.53 408.65 Td (due ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.77 408.65 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.50 408.65 Td (higher) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.52 408.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.75 408.65 Td (revenue, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 540.00 408.65 Td (partly ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 397.85 Td (of) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 57.34 397.85 Td (fset ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.13 397.85 Td (by ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.92 397.85 Td (an) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.93 397.85 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.22 397.85 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.24 397.85 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.52 397.85 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.81 397.85 Td (cost ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.60 397.85 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.39 397.85 Td (goods ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.20 397.85 Td (sold. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.34 397.85 Td (The ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.13 397.85 Td (higher) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.15 397.85 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.44 397.85 Td (cost ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.23 397.85 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.02 397.85 Td (goods ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.82 397.85 Td (sold ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.62 397.85 Td (was ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.91 397.85 Td (mainly ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.20 397.85 Td (attributed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.01 397.85 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.80 397.85 Td (higher ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.10 397.85 Td (shipping ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.91 397.85 Td (volumes ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.71 397.85 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 552.01 397.85 Td (an ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 387.05 Td (increase ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.92 387.05 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.83 387.05 Td (raw ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.23 387.05 Td (material ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.14 387.05 Td (costs, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.55 387.05 Td (tarif) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.39 387.05 Td (fs, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.80 387.05 Td (freight ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.71 387.05 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.62 387.05 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.54 387.05 Td (depreciation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.48 387.05 Td (expense.) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.00 387.05 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.91 387.05 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.81 387.05 Td (Raw ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.71 387.05 Td (material ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.63 387.05 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.53 387.05 Td (increased ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.46 387.05 Td (period-over-period ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 376.25 Td (primarily ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.80 376.25 Td (due ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.62 376.25 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.93 376.25 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.25 376.25 Td (following; ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.57 376.25 Td (contractual ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.40 376.25 Td (price ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.71 376.25 Td (escalations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.54 376.25 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.86 376.25 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.17 376.25 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.98 376.25 Td (iron ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.79 376.25 Td (ore ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.60 376.25 Td (purchases, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.43 376.25 Td (higher ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.25 376.25 Td (zinc ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.06 376.25 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.88 376.25 Td (scrap ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.69 376.25 Td (metal ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.50 376.25 Td (costs, ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 365.45 Td (partly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.16 365.45 Td (of) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.50 365.45 Td (fset ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.16 365.45 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.82 365.45 Td (lower ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.48 365.45 Td (metallurgical ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.15 365.45 Td (coal ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.81 365.45 Td (prices. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.33 365.45 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.99 365.45 Td (Company ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.67 365.45 Td (incurred ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.33 365.45 Td (approximately ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.51 365.45 Td ($39 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.68 365.45 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.19 365.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.34 365.45 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.00 365.45 Td (tarif) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.84 365.45 Td (f ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.49 365.45 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.16 365.45 Td (charges ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.33 365.45 Td (during ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.50 365.45 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 354.65 Td (third ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 69.83 354.65 Td (quarter ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.67 354.65 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.50 354.65 Td (2018 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.84 354.65 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.17 354.65 Td (connection ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.02 354.65 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.35 354.65 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.68 354.65 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.01 354.65 Td (shipments ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.35 354.65 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.18 354.65 Td (U.S. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.01 354.65 Td (customers ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.84 354.65 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.67 354.65 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.00 354.65 Td (result ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.33 354.65 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.15 354.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.99 354.65 Td (U.S. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.81 354.65 Td (imposing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.15 354.65 Td (25% ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.49 354.65 Td (tarif) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.33 354.65 Td (fs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.65 354.65 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.98 354.65 Td (steel ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 343.85 Td (imported ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.52 343.85 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.02 343.85 Td (Canada ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.04 343.85 Td (commencing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.56 343.85 Td (June ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.58 343.85 Td (1, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.59 343.85 Td (2018.) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 327.05 Td (Also ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 69.31 327.05 Td (impacting ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.63 327.05 Td (cost ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.93 327.05 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.24 327.05 Td (goods ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.56 327.05 Td (sold ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.87 327.05 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.18 327.05 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.49 327.05 Td (third ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.80 327.05 Td (quarter ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.12 327.05 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.42 327.05 Td (2018, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.74 327.05 Td (was ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.55 327.05 Td (unabsorbed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.89 327.05 Td (manufacturing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.72 327.05 Td (cost ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.03 327.05 Td (variances ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.35 327.05 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.17 327.05 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.48 327.05 Td (incremental ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 316.25 Td (expenses ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.24 316.25 Td (incurred ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.47 316.25 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.68 316.25 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.40 316.25 Td (result ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.12 316.25 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.34 316.25 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.06 316.25 Td (planned ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.80 316.25 Td (outage ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.04 316.25 Td (at ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.26 316.25 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.98 316.25 Td (hot-strip ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.20 316.25 Td (mill. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.91 316.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.62 316.25 Td (During ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.84 316.25 Td (September ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.58 316.25 Td (2018, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.81 316.25 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.04 316.25 Td (Company ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.27 316.25 Td (successfully ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.49 316.25 Td (executed ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 305.45 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 57.87 305.45 Td (hot-strip ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.24 305.45 Td (mill ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.59 305.45 Td (outage ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.98 305.45 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.85 305.45 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.21 305.45 Td (expected ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.60 305.45 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.97 305.45 Td (provide ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.35 305.45 Td (better ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.22 305.45 Td (gauge ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.11 305.45 Td (control ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.98 305.45 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.86 305.45 Td (increased ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.75 305.45 Td (rolling ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.62 305.45 Td (force, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.99 305.45 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.86 305.45 Td (enable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.75 305.45 Td (Stelco ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.63 305.45 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.99 305.45 Td (better ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 294.65 Td (participate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.34 294.65 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.16 294.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.93 294.65 Td (AHSS, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.76 294.65 Td (High ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.09 294.65 Td (Strength ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.93 294.65 Td (Low ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.70 294.65 Td (Alloy ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.02 294.65 Td (\(HSLA\), ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.85 294.65 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.68 294.65 Td (value ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.01 294.65 Td (added ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.86 294.65 Td (coated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.70 294.65 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.53 294.65 Td (markets. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.85 294.65 Td (Included ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.69 294.65 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.52 294.65 Td (cost ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.84 294.65 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.17 294.65 Td (goods ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 545.50 294.65 Td (sold ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 283.85 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 63.00 283.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.02 283.85 Td (period ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.53 283.85 Td (was ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.04 283.85 Td (approximately ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.57 283.85 Td ($10 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.08 283.85 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.59 283.85 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.09 283.85 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.09 283.85 Td (outage ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.12 283.85 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.14 283.85 Td (costs. ) Tj ET Q BT /F4 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 267.05 Td (YTD ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.50 267.05 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 250.25 Td (Gross ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 76.69 250.25 Td (profit ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.38 250.25 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.40 250.25 Td (d ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.09 250.25 Td (by ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.28 250.25 Td ($269 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.99 250.25 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.49 250.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.18 250.25 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.87 250.25 Td (219%) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.88 250.25 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.07 250.25 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.75 250.25 Td ($123 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.46 250.25 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.97 250.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.65 250.25 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.34 250.25 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.54 250.25 Td (first ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.72 250.25 Td (nine ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.42 250.25 Td (months ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.62 250.25 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.81 250.25 Td (2017 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.52 250.25 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.71 250.25 Td ($392 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.42 250.25 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.92 250.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.61 250.25 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.30 250.25 Td (same ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 536.99 250.25 Td (period ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 239.45 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.37 239.45 Td (2018, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.76 239.45 Td (mainly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.63 239.45 Td (due ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.51 239.45 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.88 239.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.25 239.45 Td (same ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.13 239.45 Td (factors ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.00 239.45 Td (described ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.89 239.45 Td (above. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.77 239.45 Td (Included ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.66 239.45 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.53 239.45 Td (gross ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.40 239.45 Td (profit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.28 239.45 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.64 239.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.02 239.45 Td (period ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 418.90 239.45 Td (is ) Tj ET Q q 0 0 0 rg BT 427.27 239.45 Td (the ) Tj ET Q q 0 0 0 rg BT 441.64 239.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 470.01 239.45 Td (of ) Tj ET Q q 0 0 0 rg BT 479.38 239.45 Td (a ) Tj ET Q q 0 0 0 rg BT 486.25 239.45 Td ($6 ) Tj ET Q q 0 0 0 rg BT 498.13 239.45 Td (million ) Tj ET Q q 0 0 0 rg BT 525.50 239.45 Td (inventory ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 228.65 Td (revaluation ) Tj ET Q q 0 0 0 rg BT 96.66 228.65 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 143.31 228.65 Td (which ) Tj ET Q q 0 0 0 rg BT 168.95 228.65 Td (relates ) Tj ET Q q 0 0 0 rg BT 198.60 228.65 Td (to ) Tj ET Q q 0 0 0 rg BT 208.73 228.65 Td (inventory ) Tj ET Q q 0 0 0 rg BT 247.88 228.65 Td (costs ) Tj ET Q q 0 0 0 rg BT 271.52 228.65 Td (included ) Tj ET Q q 0 0 0 rg BT 307.67 228.65 Td (in ) Tj ET Q q 0 0 0 rg BT 317.31 228.65 Td (cost ) Tj ET Q q 0 0 0 rg BT 336.44 228.65 Td (of ) Tj ET Q q 0 0 0 rg BT 346.58 228.65 Td (goods ) Tj ET Q q 0 0 0 rg BT 373.73 228.65 Td (sold ) Tj ET Q q 0 0 0 rg BT 392.87 228.65 Td (that ) Tj ET Q q 0 0 0 rg BT 410.51 228.65 Td (had ) Tj ET Q q 0 0 0 rg BT 428.16 228.65 Td (been ) Tj ET Q q 0 0 0 rg BT 450.81 228.65 Td (recorded ) Tj ET Q q 0 0 0 rg BT 488.96 228.65 Td (in ) Tj ET Q q 0 0 0 rg BT 498.59 228.65 Td (a ) Tj ET Q q 0 0 0 rg BT 506.23 228.65 Td (period ) Tj ET Q q 0 0 0 rg BT 533.88 228.65 Td (prior ) Tj ET Q q 0 0 0 rg BT 554.51 228.65 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 217.85 Td (2018. ) Tj ET Q q 0 0 0 rg BT 75.33 217.85 Td () Tj ET Q q 0 0 0 rg BT 77.67 217.85 Td (The ) Tj ET Q q 0 0 0 rg BT 95.99 217.85 Td (impact ) Tj ET Q q 0 0 0 rg BT 125.30 217.85 Td (of ) Tj ET Q q 0 0 0 rg BT 135.62 217.85 Td (this ) Tj ET Q q 0 0 0 rg BT 152.44 217.85 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 199.27 217.85 Td (increased ) Tj ET Q q 0 0 0 rg BT 241.10 217.85 Td (the ) Tj ET Q q 0 0 0 rg BT 256.42 217.85 Td (carrying ) Tj ET Q q 0 0 0 rg BT 291.24 217.85 Td (value ) Tj ET Q q 0 0 0 rg BT 315.57 217.85 Td (of ) Tj ET Q q 0 0 0 rg BT 325.88 217.85 Td (the ) Tj ET Q q 0 0 0 rg BT 341.20 217.85 Td (Company) Tj ET Q q 0 0 0 rg BT 381.56 217.85 Td (s ) Tj ET Q q 0 0 0 rg BT 388.87 217.85 Td (inventory ) Tj ET Q q 0 0 0 rg BT 428.20 217.85 Td (with ) Tj ET Q q 0 0 0 rg BT 447.01 217.85 Td (a ) Tj ET Q q 0 0 0 rg BT 454.83 217.85 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 514.67 217.85 Td (decrease ) Tj ET Q q 0 0 0 rg BT 554.51 217.85 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 207.05 Td (cost ) Tj ET Q q 0 0 0 rg BT 68.82 207.05 Td (of ) Tj ET Q q 0 0 0 rg BT 78.65 207.05 Td (goods ) Tj ET Q q 0 0 0 rg BT 105.49 207.05 Td (sold ) Tj ET Q q 0 0 0 rg BT 124.32 207.05 Td (in ) Tj ET Q q 0 0 0 rg BT 133.64 207.05 Td (the ) Tj ET Q q 0 0 0 rg BT 148.47 207.05 Td (period. ) Tj ET Q q 0 0 0 rg BT 178.31 207.05 Td (In ) Tj ET Q q 0 0 0 rg BT 188.13 207.05 Td (addition, ) Tj ET Q q 0 0 0 rg BT 224.48 207.05 Td (t) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.98 207.05 Td (he ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.31 207.05 Td (Company ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.14 207.05 Td (incurred ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.98 207.05 Td (approximately ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.32 207.05 Td ($50 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.65 207.05 Td (million ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.48 207.05 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.30 207.05 Td (tarif) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.14 207.05 Td (f ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.96 207.05 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.80 207.05 Td (charges ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.14 207.05 Td (during ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.47 207.05 Td (2018.) Tj ET Q endstream endobj 23 0 obj <> endobj 24 0 obj <> stream BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 300.40 24.25 Td (10) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 748.75 Td (Selling, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.34 748.75 Td (general ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.69 748.75 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.25 748.75 Td (administrative ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.83 748.75 Td (expenses) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 731.95 Td (Our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.42 731.95 Td (selling, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.85 731.95 Td (general ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.29 731.95 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.72 731.95 Td (administrative ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.66 731.95 Td (\(SG&A\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.08 731.95 Td (expenses ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.02 731.95 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.45 731.95 Td (predominantly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.40 731.95 Td (comprised ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.33 731.95 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.25 731.95 Td (corporate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.69 731.95 Td (functions, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.63 731.95 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.06 731.95 Td (include ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.00 731.95 Td (employee ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 721.15 Td (salary ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.49 721.15 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.99 721.15 Td (benefits, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.50 721.15 Td (marketing, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.00 721.15 Td (professional ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.01 721.15 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.51 721.15 Td (legal ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.01 721.15 Td (fees, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.00 721.15 Td (travel, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 304.99 721.15 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.49 721.15 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.49 721.15 Td (expenses ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.50 721.15 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.50 721.15 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.49 721.15 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.49 721.15 Td (corporate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.99 721.15 Td (infrastructure ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.99 721.15 Td (required ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 710.35 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 58.87 710.35 Td (support ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.26 710.35 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.63 710.35 Td (business. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.02 710.35 Td (SG&A) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.53 710.35 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.89 710.35 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.26 710.35 Td (also ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.14 710.35 Td (include ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.03 710.35 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.40 710.35 Td (associated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.79 710.35 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.16 710.35 Td (establishing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.06 710.35 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.44 710.35 Td (enhancing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.34 710.35 Td (support ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.72 710.35 Td (functions ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.11 710.35 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.49 710.35 Td (information ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 699.55 Td (systems ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.23 699.55 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.46 699.55 Td (have ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.20 699.55 Td (historically ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.44 699.55 Td (been ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.68 699.55 Td (provided ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.43 699.55 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.16 699.55 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.89 699.55 Td (Company ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.63 699.55 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 304.36 699.55 Td (USS, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.59 699.55 Td (such ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.82 699.55 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.55 699.55 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.78 699.55 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.52 699.55 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.25 699.55 Td (implementing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.00 699.55 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.23 699.55 Td (new ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.96 699.55 Td (cloud-based ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 688.75 Td (Enterprise ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.72 688.75 Td (Resource ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.93 688.75 Td (Planning ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.66 688.75 Td (\(ERP\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.85 688.75 Td (system. ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 233.55 688.75 Td (On ) Tj ET Q q 0 0 0 rg BT 248.26 688.75 Td (October ) Tj ET Q q 0 0 0 rg BT 282.97 688.75 Td (2, ) Tj ET Q q 0 0 0 rg BT 293.17 688.75 Td (2018, ) Tj ET Q q 0 0 0 rg BT 318.39 688.75 Td (Stelco ) Tj ET Q q 0 0 0 rg BT 346.10 688.75 Td (completed ) Tj ET Q q 0 0 0 rg BT 390.32 688.75 Td (the ) Tj ET Q q 0 0 0 rg BT 405.53 688.75 Td (initial ) Tj ET Q q 0 0 0 rg BT 428.74 688.75 Td (phase ) Tj ET Q q 0 0 0 rg BT 455.96 688.75 Td (of ) Tj ET Q q 0 0 0 rg BT 466.16 688.75 Td (the ) Tj ET Q q 0 0 0 rg BT 481.37 688.75 Td (conversion ) Tj ET Q q 0 0 0 rg BT 527.59 688.75 Td (to ) Tj ET Q q 0 0 0 rg BT 537.79 688.75 Td (a ) Tj ET Q q 0 0 0 rg BT 545.50 688.75 Td (new ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 677.95 Td (ERP) Tj ET Q q 0 0 0 rg BT 68.34 677.95 Td ( ) Tj ET Q q 0 0 0 rg BT 70.84 677.95 Td (system ) Tj ET Q q 0 0 0 rg BT 101.85 677.95 Td (with ) Tj ET Q q 0 0 0 rg BT 120.35 677.95 Td (the ) Tj ET Q q 0 0 0 rg BT 135.36 677.95 Td (remaining ) Tj ET Q q 0 0 0 rg BT 177.38 677.95 Td (phases ) Tj ET Q q 0 0 0 rg BT 208.91 677.95 Td (of ) Tj ET Q q 0 0 0 rg BT 218.91 677.95 Td (the ) Tj ET Q q 0 0 0 rg BT 233.92 677.95 Td (ERP) Tj ET Q q 0 0 0 rg BT 252.27 677.95 Td ( ) Tj ET Q q 0 0 0 rg BT 254.77 677.95 Td (implementation ) Tj ET Q q 0 0 0 rg BT 318.30 677.95 Td (expected ) Tj ET Q q 0 0 0 rg BT 357.33 677.95 Td (to ) Tj ET Q q 0 0 0 rg BT 367.33 677.95 Td (be ) Tj ET Q q 0 0 0 rg BT 379.84 677.95 Td (substantially ) Tj ET Q q 0 0 0 rg BT 431.87 677.95 Td (complete ) Tj ET Q q 0 0 0 rg BT 470.89 677.95 Td (by ) Tj ET Q q 0 0 0 rg BT 482.90 677.95 Td (t) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.40 677.95 Td (he ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.91 677.95 Td (end ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.42 677.95 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.43 677.95 Td (2018.) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 630.45 m 302.5 630.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 367.5 630.45 m 432.5 630.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 432.5 630.45 m 497.5 630.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 302.5 630.45 m 367.5 630.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 367.5 630.45 m 432.5 630.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 432.5 630.45 m 497.5 630.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 497.5 630.45 m 562.5 630.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 504.45 m 302.5 504.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 302.5 504.45 m 367.5 504.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 367.5 504.45 m 432.5 504.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 432.5 504.45 m 497.5 504.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 497.5 504.45 m 562.5 504.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 490.45 m 302.5 490.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 490.45 m 367.5 490.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 490.45 m 432.5 490.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 490.45 m 497.5 490.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 490.45 m 562.5 490.45 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 325.45 657.85 Td (Three months ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 337.45 648.85 Td (September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 457.95 657.85 Td (Nine months ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 467.45 648.85 Td (September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 634.85 Td (\(millions of Canadian dollars\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 343.95 634.85 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 408.95 634.85 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.95 634.85 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 538.95 634.85 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 620.85 Td (ERP) Tj ET Q q 0 0 0 rg BT 71.42 620.85 Td ( implementation) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 305.00 621.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 358.95 621.15 Td (4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 370.00 621.15 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.00 621.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.00 621.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.95 621.15 Td (14) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 500.00 621.15 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.95 621.15 Td (17) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 606.85 Td (Employee \(active\) salary and benefits expense) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 358.95 606.85 Td (4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.95 606.85 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.95 606.85 Td (12) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 607.15 Td (7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 592.85 Td (Management fees) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 358.95 592.85 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.95 592.85 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 488.95 592.85 Td (4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 593.15 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 578.85 Td (Professional, consulting and legal fees) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 355.00 578.85 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.95 578.85 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 488.95 578.85 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 579.15 Td (4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 564.85 Td (Acquisition related costs) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 355.00 564.85 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.00 564.85 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.00 564.85 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.95 565.15 Td (18) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 550.85 Td (Settlement of a contract cancellation) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 355.00 550.85 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.00 550.85 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.00 550.85 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 551.15 Td (6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 536.85 Td (Employee \(inactive\) benefits expense) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 355.00 537.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.00 537.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.00 537.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 537.15 Td (4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 522.85 Td (Shared service arrangement) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 355.00 523.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.00 523.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.00 523.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 523.15 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 508.85 Td (Other ) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 78.01 513.14 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 358.95 508.85 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.95 508.85 Td (7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 488.95 508.85 Td (4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 509.15 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 305.00 494.85 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 353.95 494.85 Td (12) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 370.00 494.85 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 418.95 494.85 Td (12) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.00 494.85 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.95 494.85 Td (37) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 500.00 495.15 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.95 495.15 Td (62) Tj ET Q BT /F1 10.00 Tf ET BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.00 476.55 Td (1. ) Tj ET Q q 0 0 0 rg BT 59.00 476.55 Td (For ) Tj ET Q q 0 0 0 rg BT 71.30 476.55 Td (the ) Tj ET Q q 0 0 0 rg BT 82.83 476.55 Td (three ) Tj ET Q q 0 0 0 rg BT 100.58 476.55 Td (and ) Tj ET Q q 0 0 0 rg BT 114.06 476.55 Td (nine ) Tj ET Q q 0 0 0 rg BT 129.09 476.55 Td (months ) Tj ET Q q 0 0 0 rg BT 153.84 476.55 Td (ended ) Tj ET Q q 0 0 0 rg BT 175.10 476.55 Td (September ) Tj ET Q q 0 0 0 rg BT 211.14 476.55 Td (30, ) Tj ET Q q 0 0 0 rg BT 222.67 476.55 Td (2017, ) Tj ET Q q 0 0 0 rg BT 241.99 476.55 Td (selling, ) Tj ET Q q 0 0 0 rg BT 265.58 476.55 Td (general ) Tj ET Q q 0 0 0 rg BT 290.72 476.55 Td (and ) Tj ET Q q 0 0 0 rg BT 304.20 476.55 Td (administrative ) Tj ET Q q 0 0 0 rg BT 349.18 476.55 Td (expenses ) Tj ET Q q 0 0 0 rg BT 380.95 476.55 Td (includes ) Tj ET Q q 0 0 0 rg BT 408.43 476.55 Td (approximately ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 453.80 476.55 Td ($7 ) Tj ET Q q 0 0 0 rg BT 463.38 476.55 Td (million) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 483.22 476.55 Td ( ) Tj ET Q q 0 0 0 rg BT 485.02 476.55 Td (of ) Tj ET Q q 0 0 0 rg BT 492.65 476.55 Td (other ) Tj ET Q q 0 0 0 rg BT 510.41 476.55 Td (costs ) Tj ET Q q 0 0 0 rg BT 528.54 476.55 Td (associated ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 59.00 468.15 Td (with ) Tj ET Q q 0 0 0 rg BT 73.39 468.15 Td (Stelco's ) Tj ET Q q 0 0 0 rg BT 99.63 468.15 Td (emergence ) Tj ET Q q 0 0 0 rg BT 136.59 468.15 Td (from ) Tj ET Q q 0 0 0 rg BT 152.54 468.15 Td (CCAA.) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 448.95 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.51 448.95 Td (2018) Tj ET Q BT /F4 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.53 448.95 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 432.15 Td (SG&A) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.51 432.15 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.94 432.15 Td (expenses ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.90 432.15 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.83 432.15 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.77 432.15 Td (three ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.72 432.15 Td (months ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.66 432.15 Td (ended ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.12 432.15 Td (September ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.57 432.15 Td (30, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.51 432.15 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.53 432.15 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.96 432.15 Td (primarily ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.39 432.15 Td (includes ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.84 432.15 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.78 432.15 Td (following: ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.73 432.15 Td ($4 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.17 432.15 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.68 432.15 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.11 432.15 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.54 432.15 Td (corporate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 547.00 432.15 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 421.35 Td (administrative ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.51 421.35 Td (employee ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.53 421.35 Td (salaries ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.54 421.35 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.55 421.35 Td (benefits, ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.56 421.35 Td ($4 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.57 421.35 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.07 421.35 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.07 421.35 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.07 421.35 Td (ERP) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.41 421.35 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.40 421.35 Td (implementation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.43 421.35 Td (expenses ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.95 421.35 Td (relating ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.46 421.35 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.96 421.35 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.46 421.35 Td (separation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.49 421.35 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.48 421.35 Td (USS ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 546.98 421.35 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 410.55 Td ($2 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 63.68 410.55 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.19 410.55 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.86 410.55 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.53 410.55 Td (fees ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.21 410.55 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.40 410.55 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.58 410.55 Td (management ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.78 410.55 Td (services ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.46 410.55 Td (provided ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.65 410.55 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.82 410.55 Td (an ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.51 410.55 Td (af) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.85 410.55 Td (filiate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.53 410.55 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.70 410.55 Td (Bedrock ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.39 410.55 Td (during ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.08 410.55 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.26 410.55 Td (period. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.45 410.55 Td (Costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.12 410.55 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.31 410.55 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.49 410.55 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 399.75 Td (establishment ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.40 399.75 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.77 399.75 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.65 399.75 Td (new ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.03 399.75 Td (cloud ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.41 399.75 Td (based ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.81 399.75 Td (ERP) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.15 399.75 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.02 399.75 Td (system ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.39 399.75 Td (do ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.27 399.75 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.65 399.75 Td (qualify ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.53 399.75 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.91 399.75 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.78 399.75 Td (software ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.67 399.75 Td (intangible ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.07 399.75 Td (because ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.96 399.75 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.34 399.75 Td (arrangement ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.24 399.75 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.61 399.75 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 537.48 399.75 Td (cloud-) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 388.95 Td (based ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.02 388.95 Td (hosting ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.54 388.95 Td (license.) Tj ET Q BT /F4 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 372.15 Td (YTD ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.50 372.15 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 355.35 Td (SG&A) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.51 355.35 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 76.40 355.35 Td (expenses ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.81 355.35 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.19 355.35 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.58 355.35 Td (nine ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.48 355.35 Td (months ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.88 355.35 Td (ended ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.79 355.35 Td (September ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.70 355.35 Td (30, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.09 355.35 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.11 355.35 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.00 355.35 Td (primarily ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.88 355.35 Td (includes ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.78 355.35 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.18 355.35 Td (following: ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.58 355.35 Td ($14 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.48 355.35 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.98 355.35 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.87 355.35 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.75 355.35 Td (ERP) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.10 355.35 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.98 355.35 Td (implementation ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 344.55 Td (expenses ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.28 344.55 Td (relating ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.54 344.55 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.80 344.55 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.06 344.55 Td (separation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.84 344.55 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.59 344.55 Td (USS, ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.34 344.55 Td ($12 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.11 344.55 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.62 344.55 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.36 344.55 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.12 344.55 Td (corporate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.89 344.55 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.66 344.55 Td (administrative ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.93 344.55 Td (employee ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.70 344.55 Td (salaries ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.46 344.55 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.23 344.55 Td (benefits, ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.00 344.55 Td ($4million) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 333.75 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.70 333.75 Td (Bedrock ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.42 333.75 Td (Industries ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.13 333.75 Td (B.V) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.81 333.75 Td (. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.01 333.75 Td (management ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.24 333.75 Td (fees ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.95 333.75 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.66 333.75 Td ($3million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.68 333.75 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.38 333.75 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.08 333.75 Td (professional, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.80 333.75 Td (consulting ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.03 333.75 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.74 333.75 Td (legal ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.45 333.75 Td (fees. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.66 333.75 Td (During ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.87 333.75 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.08 333.75 Td (same ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.79 333.75 Td (period ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.50 333.75 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 322.95 Td (2017, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.06 322.95 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.61 322.95 Td (SG&A) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.12 322.95 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.66 322.95 Td (expenses ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.73 322.95 Td (also ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.78 322.95 Td (included ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.84 322.95 Td ($18million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.87 322.95 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.40 322.95 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.95 322.95 Td (acquisition ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.01 322.95 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.07 322.95 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.62 322.95 Td (associated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.18 322.95 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.73 322.95 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.78 322.95 Td (purchase ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.34 322.95 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.39 322.95 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.44 322.95 Td (Company ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 552.50 322.95 Td (by ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 312.15 Td (Bedrock ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.52 312.15 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.03 312.15 Td (a ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.54 312.15 Td ($6million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.56 312.15 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.06 312.15 Td (settlement ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.08 312.15 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.10 312.15 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.10 312.15 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.11 312.15 Td (cancellation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.15 312.15 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.15 312.15 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.66 312.15 Td (customer ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.17 312.15 Td (contract.) Tj ET Q BT /F3 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 294.15 Td (Finance costs) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 246.64999999999998 m 302.5 246.64999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 302.5 246.64999999999998 m 367.5 246.64999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 367.5 246.64999999999998 m 432.5 246.64999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 432.5 246.64999999999998 m 497.5 246.64999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 497.5 246.64999999999998 m 562.5 246.64999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 162.64999999999998 m 302.5 162.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 148.64999999999998 m 302.5 148.64999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 302.5 162.64999999999998 m 367.5 162.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 148.64999999999998 m 367.5 148.64999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 367.5 162.64999999999998 m 432.5 162.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 148.64999999999998 m 432.5 148.64999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 432.5 162.64999999999998 m 497.5 162.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 148.64999999999998 m 497.5 148.64999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 497.5 162.64999999999998 m 562.5 162.64999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 148.64999999999998 m 562.5 148.64999999999998 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 325.45 274.05 Td (Three months ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 337.45 265.05 Td (September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 457.95 274.05 Td (Nine months ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 467.45 265.05 Td (September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 251.05 Td (\(millions of Canadian dollars\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 343.95 251.05 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 408.95 251.05 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.95 251.05 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 538.95 251.05 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 237.05 Td (Remeasurement of employee benefit commitment ) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 254.59 241.34 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 305.00 237.05 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 355.95 237.05 Td (\(2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 364.00 237.05 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 370.00 237.05 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.00 237.05 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.00 237.05 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.95 237.05 Td (159) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 500.00 237.05 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.00 237.05 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 223.05 Td (Accretion of employee benefit commitment) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 353.95 223.05 Td (12) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.95 223.05 Td (8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.95 223.05 Td (31) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 223.05 Td (8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 209.05 Td (Interest on loans and borrowings) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 358.95 209.05 Td (5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.95 209.05 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 488.95 209.05 Td (9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 209.05 Td (1) Tj ET Q q 0 0 0 rg BT 548.96 209.05 Td (16) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 195.05 Td (Foreign exchange \(gain\) loss) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 355.95 195.05 Td (\(2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 364.00 195.05 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.95 195.05 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.95 195.05 Td (\(1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 494.00 195.05 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 195.05 Td (6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 181.05 Td (Accretion on financial lease obligation) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 355.00 181.05 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.95 181.05 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 488.95 181.05 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 181.05 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 167.05 Td (Other) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 355.95 167.05 Td (\(1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 364.00 167.05 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.95 167.05 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.95 167.05 Td (\(1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 494.00 167.05 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 167.05 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 305.00 153.05 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 353.95 153.05 Td (12) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 370.00 153.05 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 418.95 153.05 Td (12) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.00 153.05 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.95 153.05 Td (198) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 500.00 153.05 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 153.05 Td (133) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.00 140.75 Td (1. ) Tj ET Q BT /F2 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 61.67 140.75 Td (Remeasurement of employee benefit commitment for change in the timing and magnitude of estimated cash flows and ) Tj ET Q BT /F2 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 429.76 140.75 Td (future funding requirements) Tj ET Q BT /F2 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.36 140.75 Td (.) Tj ET Q BT /F2 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 517.31 140.75 Td ( ) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 123.95 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.51 123.95 Td (2018) Tj ET Q BT /F4 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.53 123.95 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 107.15 Td (Finance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.51 107.15 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.00 107.15 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.99 107.15 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.99 107.15 Td (quarter ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.00 107.15 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.99 107.15 Td ($12 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.49 107.15 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.00 107.15 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.49 107.15 Td (remained ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.50 107.15 Td (flat ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.99 107.15 Td (compared ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.50 107.15 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.49 107.15 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.49 107.15 Td (same ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.99 107.15 Td (period ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.49 107.15 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.99 107.15 Td (2017, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.00 107.15 Td (due ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.50 107.15 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.50 107.15 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.50 107.15 Td (following; ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.50 107.15 Td (a ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.00 107.15 Td ($4 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 536.50 107.15 Td (million) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 96.35 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.02 96.35 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.80 96.35 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.58 96.35 Td (interest ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.87 96.35 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.66 96.35 Td (loans ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.96 96.35 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.75 96.35 Td (borrowings, ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.05 96.35 Td ($4 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.84 96.35 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.35 96.35 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.13 96.35 Td (higher) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.14 96.35 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.92 96.35 Td (accretion ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.22 96.35 Td (expense ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.03 96.35 Td (associated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.83 96.35 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.61 96.35 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.40 96.35 Td (employee ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.20 96.35 Td (benefit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.00 96.35 Td (commitment ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 85.55 Td (obligation, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.11 85.55 Td (of) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.46 85.55 Td (fset ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.05 85.55 Td (by ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.63 85.55 Td ($3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.73 85.55 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.23 85.55 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.32 85.55 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.92 85.55 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.51 85.55 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.10 85.55 Td (gross ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.19 85.55 Td (impact ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.78 85.55 Td (period-over-period ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.40 85.55 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.99 85.55 Td (foreign ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.59 85.55 Td (exchange ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.70 85.55 Td (translation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.31 85.55 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.40 85.55 Td (U.S. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.99 85.55 Td (dollar ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 74.75 Td (denominated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.47 74.75 Td (working ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.90 74.75 Td (capital, ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.85 74.75 Td ($2 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.28 74.75 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.79 74.75 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.21 74.75 Td (remeasurement ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.67 74.75 Td (recovery ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.60 74.75 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.04 74.75 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.47 74.75 Td (employee ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.92 74.75 Td (benefit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.37 74.75 Td (commitment ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.80 74.75 Td (due ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.24 74.75 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.18 74.75 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.61 74.75 Td (change ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.56 74.75 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 537.99 74.75 Td (timing ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 63.95 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.38 63.95 Td (estimated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.27 63.95 Td (cash ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.15 63.95 Td (flows ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.53 63.95 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.42 63.95 Td (future ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.31 63.95 Td (funding ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.71 63.95 Td (requirements, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.61 63.95 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.50 63.95 Td ($3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.38 63.95 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.88 63.95 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.76 63.95 Td (lower) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.26 63.95 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.14 63.95 Td (accretion ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.53 63.95 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.41 63.95 Td (financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.31 63.95 Td (lease ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.70 63.95 Td (obligations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.60 63.95 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.49 63.95 Td (other ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 53.15 Td (interest ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.01 53.15 Td (costs.) Tj ET Q endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 771.50 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 214.60 771.50 Td (AND ) Tj ET Q q 0 0 0 rg BT 241.08 771.50 Td (ANAL) Tj ET Q q 0 0 0 rg BT 270.62 771.50 Td (YSIS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.80 24.25 Td (1) Tj ET Q q 0 0 0 rg BT 305.62 24.25 Td (1) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 749.45 Td (Interest ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.45 749.45 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.90 749.45 Td (loans ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.85 749.45 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.31 749.45 Td (borrowings ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.76 749.45 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.78 749.45 Td (d ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.22 749.45 Td ($4 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.67 749.45 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.18 749.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.61 749.45 Td (compared ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.07 749.45 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.01 749.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.96 749.45 Td (third ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.91 749.45 Td (quarter ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.86 749.45 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.80 749.45 Td (2017, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.76 749.45 Td (primarily ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.20 749.45 Td (due ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.65 749.45 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.60 749.45 Td (higher ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.05 749.45 Td (interest ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.00 749.45 Td (costs ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 738.65 Td (associated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.37 738.65 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.71 738.65 Td (Stelco's ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.28 738.65 Td (mortgage ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.65 738.65 Td (note ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.50 738.65 Td (issued ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.86 738.65 Td (during ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.22 738.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.07 738.65 Td (second ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.43 738.65 Td (quarter ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.29 738.65 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.13 738.65 Td (2018 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.50 738.65 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.34 738.65 Td (consideration ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.22 738.65 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.06 738.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.91 738.65 Td (acquisition ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.78 738.65 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.62 738.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 537.47 738.65 Td (Lands ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 727.85 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.50 727.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.51 727.85 Td (Land ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.03 727.85 Td (V) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.54 727.85 Td (ehicle, ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 142.06 727.85 Td (discussed ) Tj ET Q q 0 0 0 rg BT 184.58 727.85 Td (further ) Tj ET Q q 0 0 0 rg BT 213.09 727.85 Td (in ) Tj ET Q q 0 0 0 rg BT 222.60 727.85 Td (the ) Tj ET Q q 0 0 0 rg BT 237.61 727.85 Td (') Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 239.33 727.85 Td (Business ) Tj ET Q q 0 0 0 rg BT 278.34 727.85 Td (Overview') Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 317.57 727.85 Td ( ) Tj ET Q q 0 0 0 rg BT 320.07 727.85 Td (section ) Tj ET Q q 0 0 0 rg BT 351.09 727.85 Td (of ) Tj ET Q q 0 0 0 rg BT 361.09 727.85 Td (this ) Tj ET Q q 0 0 0 rg BT 377.60 727.85 Td (MD&A.) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 711.05 Td (YTD ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.50 711.05 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 694.25 Td (Finance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.17 694.25 Td (costs ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.32 694.25 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.34 694.25 Td (d ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.49 694.25 Td (by ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.14 694.25 Td ($65 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.31 694.25 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.81 694.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.96 694.25 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.11 694.25 Td (49%) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.12 694.25 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.77 694.25 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.92 694.25 Td ($133 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.09 694.25 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.59 694.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.74 694.25 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.89 694.25 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.55 694.25 Td (first ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.20 694.25 Td (nine) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.21 694.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.36 694.25 Td (months ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.02 694.25 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.67 694.25 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.70 694.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.84 694.25 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.50 694.25 Td ($198 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.67 694.25 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.17 694.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.32 694.25 Td (during ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.48 694.25 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 559.51 694.25 Td (, ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 683.45 Td (primarily ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.33 683.45 Td (due ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.67 683.45 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.51 683.45 Td ($182 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.86 683.45 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.36 683.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.69 683.45 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.52 683.45 Td (higher) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.54 683.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.87 683.45 Td (remeasurement ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.23 683.45 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.57 683.45 Td (accretion ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.42 683.45 Td (expenses ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.27 683.45 Td (associated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.63 683.45 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.96 683.45 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.29 683.45 Td (employee ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.65 683.45 Td (benefit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.00 683.45 Td (commitment ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 672.65 Td (obligation, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.23 672.65 Td (partly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.43 672.65 Td (of) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.77 672.65 Td (fset ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.47 672.65 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.17 672.65 Td (a ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.37 672.65 Td ($107 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.58 672.65 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.09 672.65 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.28 672.65 Td (decrease) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.31 672.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.50 672.65 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.70 672.65 Td (interest ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.41 672.65 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.61 672.65 Td (loans ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.32 672.65 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.53 672.65 Td (borrowings ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.75 672.65 Td (mostly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.94 672.65 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.65 672.65 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.35 672.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.06 672.65 Td (extinguishment ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.79 672.65 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.49 672.65 Td ($1.8 ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 661.85 Td (billion ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.55 661.85 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.59 661.85 Td (debt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.65 661.85 Td (through ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.71 661.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.76 661.85 Td (CCAA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.27 661.85 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.80 661.85 Td (process ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.85 661.85 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.41 661.85 Td ($7 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.95 661.85 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.46 661.85 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.00 661.85 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.05 661.85 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.10 661.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.14 661.85 Td (gross ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.69 661.85 Td (impact ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.73 661.85 Td (period-over-period ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.81 661.85 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.85 661.85 Td (foreign ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.91 661.85 Td (exchange ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.48 661.85 Td (translation ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 651.05 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 62.51 651.05 Td (U.S. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.52 651.05 Td (dollar ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.03 651.05 Td (denominated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.57 651.05 Td (working ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.08 651.05 Td (capital.) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 634.25 Td (In ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.21 634.25 Td (connection ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.44 634.25 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.15 634.25 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.82 634.25 Td (Amended ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.05 634.25 Td (OPEB ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.76 634.25 Td (Funding ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.45 634.25 Td (Agreement ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.17 634.25 Td (\(discussed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.89 634.25 Td (further ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.60 634.25 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.31 634.25 Td (the ) Tj ET Q BT /F4 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.52 634.25 Td ('Business ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.46 634.25 Td (Overview') Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.68 634.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.38 634.25 Td (section ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.60 634.25 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.81 634.25 Td (this ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.51 634.25 Td (MD&A\), ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 623.45 Td (Stelco ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.95 623.45 Td (incurred ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.40 623.45 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.34 623.45 Td (remeasurement ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.30 623.45 Td (charge ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.75 623.45 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.20 623.45 Td ($157 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.15 623.45 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.66 623.45 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.59 623.45 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.05 623.45 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.49 623.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.93 623.45 Td (employee ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.89 623.45 Td (benefit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.85 623.45 Td (commitment, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.29 623.45 Td (derived ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.75 623.45 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.19 623.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.63 623.45 Td (dif) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.98 623.45 Td (ference ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 612.65 Td (between ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.54 612.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.57 612.65 Td (estimated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.10 612.65 Td (discounted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.15 612.65 Td (cash ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.67 612.65 Td (flows ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.69 612.65 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.20 612.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.23 612.65 Td (Original ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.76 612.65 Td (OPEB ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.28 612.65 Td (Funding ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.82 612.65 Td (Agreement ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.36 612.65 Td (compared ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.89 612.65 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.91 612.65 Td (those ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.44 612.65 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.96 612.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.48 612.65 Td (Amended ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 601.85 Td (OPEB ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.94 601.85 Td (Funding ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.41 601.85 Td (Agreement. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.55 601.85 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.99 601.85 Td (employee ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.94 601.85 Td (benefit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.89 601.85 Td (commitment ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.83 601.85 Td (\(including ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.28 601.85 Td (both ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.73 601.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.17 601.85 Td (Original ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.11 601.85 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.08 601.85 Td (Amended ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.54 601.85 Td (OPEB ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.48 601.85 Td (Funding ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 591.05 Td (Agreements\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.13 591.05 Td (consists ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.25 591.05 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.37 591.05 Td (contractually ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.50 591.05 Td (fixed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.12 591.05 Td (payments ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.75 591.05 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.86 591.05 Td (well ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.98 591.05 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.09 591.05 Td (estimated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.72 591.05 Td (payments ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.35 591.05 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.97 591.05 Td (have ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.09 591.05 Td (been ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.73 591.05 Td (determined ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.36 591.05 Td (using ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.49 591.05 Td (management ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 580.25 Td (estimates ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.10 580.25 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.20 580.25 Td (Stelco's ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.02 580.25 Td (future ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.63 580.25 Td (operating ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.74 580.25 Td (performance. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.36 580.25 Td (Due ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.46 580.25 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.55 580.25 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.66 580.25 Td (nature ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.76 580.25 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.86 580.25 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.96 580.25 Td (underlying ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.08 580.25 Td (estimates, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.68 580.25 Td (assumptions ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.80 580.25 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.40 580.25 Td (its ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.99 580.25 Td (long-term ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 569.45 Td (nature, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.09 569.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.68 569.45 Td (employee ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.77 569.45 Td (benefit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.87 569.45 Td (commitment ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.95 569.45 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.52 569.45 Td (sensitive ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.61 569.45 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.19 569.45 Td (changes ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.29 569.45 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.37 569.45 Td (these ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.46 569.45 Td (estimates ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.05 569.45 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.14 569.45 Td (assumptions. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.23 569.45 Td (Estimates ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.82 569.45 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.40 569.45 Td (expected ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 543.00 569.45 Td (cash ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 558.65 Td (flows ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 73.21 558.65 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.92 558.65 Td (revisited ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.14 558.65 Td (at ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.35 558.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.57 558.65 Td (end ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.29 558.65 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.50 558.65 Td (each ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.73 558.65 Td (reporting ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.95 558.65 Td (period ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.68 558.65 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.89 558.65 Td (determine ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.61 558.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.83 558.65 Td (carrying ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.55 558.65 Td (amount ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.27 558.65 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.48 558.65 Td (amortized ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.70 558.65 Td (cost.) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.71 558.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.41 558.65 Td (Refer ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.13 558.65 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.34 558.65 Td (note ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.56 558.65 Td (8) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 536.57 558.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.27 558.65 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.48 558.65 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 547.85 Td (Consolidated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.04 547.85 Td (Financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.56 547.85 Td (Statements ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.58 547.85 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.58 547.85 Td (further ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.09 547.85 Td (details.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 531.05 Td (In ) Tj ET Q q 0 0 0 rg BT 60.85 531.05 Td (addition, ) Tj ET Q q 0 0 0 rg BT 98.22 531.05 Td (during ) Tj ET Q q 0 0 0 rg BT 126.59 531.05 Td (March ) Tj ET Q q 0 0 0 rg BT 154.94 531.05 Td (2018, ) Tj ET Q q 0 0 0 rg BT 180.80 531.05 Td (the ) Tj ET Q q 0 0 0 rg BT 196.66 531.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 238.52 531.05 Td (paid ) Tj ET Q q 0 0 0 rg BT 258.88 531.05 Td (a ) Tj ET Q q 0 0 0 rg BT 267.23 531.05 Td ($20 ) Tj ET Q q 0 0 0 rg BT 285.60 531.05 Td (million ) Tj ET Q q 0 0 0 rg BT 314.45 531.05 Td (advance ) Tj ET Q q 0 0 0 rg BT 351.82 531.05 Td (contribution ) Tj ET Q q 0 0 0 rg BT 401.69 531.05 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 440.06 531.05 Td (to ) Tj ET Q q 0 0 0 rg BT 450.91 531.05 Td (the ) Tj ET Q q 0 0 0 rg BT 466.77 531.05 Td (Original ) Tj ET Q q 0 0 0 rg BT 501.13 531.05 Td (OPEB ) Tj ET Q q 0 0 0 rg BT 529.48 531.05 Td (Funding ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 98.82 520.25 Td (that ) Tj ET Q q 0 0 0 rg BT 116.12 520.25 Td (was ) Tj ET Q q 0 0 0 rg BT 134.41 520.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 175.72 520.25 Td (as ) Tj ET Q q 0 0 0 rg BT 187.52 520.25 Td (at ) Tj ET Q q 0 0 0 rg BT 197.31 520.25 Td (December ) Tj ET Q q 0 0 0 rg BT 241.12 520.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 255.92 520.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 278.23 520.25 Td (to ) Tj ET Q q 0 0 0 rg BT 288.03 520.25 Td (be ) Tj ET Q q 0 0 0 rg BT 300.33 520.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 319.64 520.25 Td (during ) Tj ET Q q 0 0 0 rg BT 346.95 520.25 Td (the ) Tj ET Q q 0 0 0 rg BT 361.75 520.25 Td (year ) Tj ET Q q 0 0 0 rg BT 381.55 520.25 Td (2020. ) Tj ET Q q 0 0 0 rg BT 406.36 520.25 Td ( ) Tj ET Q q 0 0 0 rg BT 408.19 520.25 Td (As ) Tj ET Q q 0 0 0 rg BT 420.99 520.25 Td (a ) Tj ET Q q 0 0 0 rg BT 428.28 520.25 Td (result ) Tj ET Q q 0 0 0 rg BT 452.58 520.25 Td (of ) Tj ET Q q 0 0 0 rg BT 462.38 520.25 Td (this ) Tj ET Q q 0 0 0 rg BT 478.67 520.25 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 527.49 520.25 Td (payment ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 509.45 Td (and ) Tj ET Q q 0 0 0 rg BT 67.24 509.45 Td (the ) Tj ET Q q 0 0 0 rg BT 81.98 509.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 110.71 509.45 Td (to ) Tj ET Q q 0 0 0 rg BT 120.44 509.45 Td (the ) Tj ET Q q 0 0 0 rg BT 135.18 509.45 Td (present ) Tj ET Q q 0 0 0 rg BT 167.42 509.45 Td (value ) Tj ET Q q 0 0 0 rg BT 191.16 509.45 Td (of ) Tj ET Q q 0 0 0 rg BT 200.89 509.45 Td (the ) Tj ET Q q 0 0 0 rg BT 215.63 509.45 Td (employee ) Tj ET Q q 0 0 0 rg BT 256.87 509.45 Td (benefit ) Tj ET Q q 0 0 0 rg BT 286.12 509.45 Td (commitment, ) Tj ET Q q 0 0 0 rg BT 339.85 509.45 Td (the ) Tj ET Q q 0 0 0 rg BT 354.59 509.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 395.33 509.45 Td (recognized ) Tj ET Q q 0 0 0 rg BT 441.58 509.45 Td (an ) Tj ET Q q 0 0 0 rg BT 453.82 509.45 Td (increase ) Tj ET Q q 0 0 0 rg BT 490.06 509.45 Td (of ) Tj ET Q q 0 0 0 rg BT 499.79 509.45 Td ($4 ) Tj ET Q q 0 0 0 rg BT 512.03 509.45 Td (million ) Tj ET Q q 0 0 0 rg BT 539.76 509.45 Td (to ) Tj ET Q q 0 0 0 rg BT 549.49 509.45 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 498.65 Td (liability ) Tj ET Q q 0 0 0 rg BT 79.51 498.65 Td (with ) Tj ET Q q 0 0 0 rg BT 98.01 498.65 Td (a ) Tj ET Q q 0 0 0 rg BT 105.52 498.65 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 165.06 498.65 Td (increase ) Tj ET Q q 0 0 0 rg BT 201.58 498.65 Td (in ) Tj ET Q q 0 0 0 rg BT 211.08 498.65 Td (finance ) Tj ET Q q 0 0 0 rg BT 242.60 498.65 Td (costs ) Tj ET Q q 0 0 0 rg BT 266.11 498.65 Td (on ) Tj ET Q q 0 0 0 rg BT 278.62 498.65 Td (the ) Tj ET Q q 0 0 0 rg BT 293.63 498.65 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 346.67 498.65 Td (statement ) Tj ET Q q 0 0 0 rg BT 388.69 498.65 Td (of ) Tj ET Q q 0 0 0 rg BT 398.70 498.65 Td (income.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 430.21 498.65 Td ( ) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 480.65 Td (Finance and other income \(loss\) ) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 433.15 m 302.5 433.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 302.5 433.15 m 367.5 433.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 367.5 433.15 m 432.5 433.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 432.5 433.15 m 497.5 433.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 497.5 433.15 m 562.5 433.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 302.5 405.15 m 367.5 405.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 367.5 405.15 m 432.5 405.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 432.5 405.15 m 497.5 405.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 497.5 405.15 m 562.5 405.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 405.15 m 302.5 405.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 391.15 m 302.5 391.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 391.15 m 367.5 391.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 391.15 m 432.5 391.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 391.15 m 497.5 391.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 497.5 405.15 m 562.5 405.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 391.15 m 562.5 391.15 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 325.45 460.55 Td (Three months ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 337.45 451.55 Td (September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 457.95 460.55 Td (Nine months ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 467.45 451.55 Td (September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 437.55 Td (\(millions of Canadian dollars\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 343.95 437.55 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 408.95 437.55 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.95 437.55 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 538.95 437.55 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 423.55 Td (Loss on commodity-based swaps) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 305.00 423.55 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 355.00 423.55 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 370.00 423.55 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.00 423.55 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.00 423.55 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.95 423.55 Td (\(10) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 494.00 423.55 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 500.00 423.55 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.00 423.55 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 409.55 Td (Finance and other income) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 358.95 409.55 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.00 409.55 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 488.95 409.55 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 409.55 Td (4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 305.00 395.55 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 358.95 395.55 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 370.00 395.55 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.00 395.55 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.00 395.55 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.95 395.55 Td (\(9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 494.00 395.55 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 500.00 395.55 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 395.55 Td (4) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 374.85 Td (For ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.13 374.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.26 374.85 Td (first ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.38 374.85 Td (nine) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.40 374.85 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.02 374.85 Td (months ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.16 374.85 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.29 374.85 Td (2018, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.44 374.85 Td (finance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.09 374.85 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.73 374.85 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.87 374.85 Td (income ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.50 374.85 Td (\(loss\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.13 374.85 Td (decreased ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.78 374.85 Td (by ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.91 374.85 Td ($13 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.55 374.85 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.06 374.85 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.69 374.85 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.31 374.85 Td (income ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.95 374.85 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.08 374.85 Td ($4million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.10 374.85 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.72 374.85 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.35 374.85 Td (2017, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.50 374.85 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 364.05 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 57.27 364.05 Td (loss ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.55 364.05 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.32 364.05 Td ($9 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.60 364.05 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.11 364.05 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.38 364.05 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.15 364.05 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.93 364.05 Td (period. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.57 364.05 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.35 364.05 Td (decrease ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.65 364.05 Td (was ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.92 364.05 Td (primarily ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.19 364.05 Td (due ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.48 364.05 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.25 364.05 Td (a ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.53 364.05 Td ($10 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.81 364.05 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.32 364.05 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.59 364.05 Td (realized ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.37 364.05 Td (loss ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.65 364.05 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.92 364.05 Td (commodity-based ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.22 364.05 Td (swaps ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 547.00 364.05 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 353.25 Td (lower ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 73.44 353.25 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.88 353.25 Td (income ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.83 353.25 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.27 353.25 Td ($3million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.28 353.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.21 353.25 Td (mostly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.15 353.25 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.60 353.25 Td (to) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 241.10 353.25 Td ( ) Tj ET Q q 0 0 0 rg BT 243.04 353.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 271.98 353.25 Td (recoveries ) Tj ET Q q 0 0 0 rg BT 315.43 353.25 Td (of ) Tj ET Q q 0 0 0 rg BT 324.87 353.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 365.82 353.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 393.25 353.25 Td (and ) Tj ET Q q 0 0 0 rg BT 410.20 353.25 Td (property ) Tj ET Q q 0 0 0 rg BT 445.15 353.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 459.09 353.25 Td (rebates ) Tj ET Q q 0 0 0 rg BT 491.04 353.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 537.00 353.25 Td (during ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 342.45 Td (the ) Tj ET Q q 0 0 0 rg BT 65.01 342.45 Td (first ) Tj ET Q q 0 0 0 rg BT 82.01 342.45 Td (quarter ) Tj ET Q q 0 0 0 rg BT 113.03 342.45 Td (of ) Tj ET Q q 0 0 0 rg BT 123.03 342.45 Td (2017.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 325.65 Td (During ) Tj ET Q q 0 0 0 rg BT 78.04 325.65 Td (the ) Tj ET Q q 0 0 0 rg BT 92.08 325.65 Td (first ) Tj ET Q q 0 0 0 rg BT 108.10 325.65 Td (quarter ) Tj ET Q q 0 0 0 rg BT 138.14 325.65 Td (of ) Tj ET Q q 0 0 0 rg BT 147.17 325.65 Td (2018, ) Tj ET Q q 0 0 0 rg BT 171.22 325.65 Td (the ) Tj ET Q q 0 0 0 rg BT 185.26 325.65 Td (Company ) Tj ET Q q 0 0 0 rg BT 225.31 325.65 Td (entered ) Tj ET Q q 0 0 0 rg BT 257.36 325.65 Td (into ) Tj ET Q q 0 0 0 rg BT 273.39 325.65 Td (commodity-based ) Tj ET Q q 0 0 0 rg BT 345.95 325.65 Td (swaps ) Tj ET Q q 0 0 0 rg BT 372.98 325.65 Td (as ) Tj ET Q q 0 0 0 rg BT 384.02 325.65 Td (part ) Tj ET Q q 0 0 0 rg BT 401.05 325.65 Td (of ) Tj ET Q q 0 0 0 rg BT 410.08 325.65 Td (a ) Tj ET Q q 0 0 0 rg BT 416.62 325.65 Td (strategy ) Tj ET Q q 0 0 0 rg BT 450.16 325.65 Td (to ) Tj ET Q q 0 0 0 rg BT 459.19 325.65 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 492.23 325.65 Td (Stelco's ) Tj ET Q q 0 0 0 rg BT 524.99 325.65 Td (exposure ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 314.85 Td (to ) Tj ET Q q 0 0 0 rg BT 59.28 314.85 Td (hot-rolled ) Tj ET Q q 0 0 0 rg BT 98.58 314.85 Td (coil ) Tj ET Q q 0 0 0 rg BT 113.87 314.85 Td (steel ) Tj ET Q q 0 0 0 rg BT 134.66 314.85 Td (market ) Tj ET Q q 0 0 0 rg BT 163.94 314.85 Td (price ) Tj ET Q q 0 0 0 rg BT 185.23 314.85 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 232.53 314.85 Td (in ) Tj ET Q q 0 0 0 rg BT 241.32 314.85 Td (anticipation ) Tj ET Q q 0 0 0 rg BT 288.63 314.85 Td (of ) Tj ET Q q 0 0 0 rg BT 297.91 314.85 Td (certain ) Tj ET Q q 0 0 0 rg BT 326.70 314.85 Td (slab ) Tj ET Q q 0 0 0 rg BT 344.99 314.85 Td (purchases ) Tj ET Q q 0 0 0 rg BT 388.30 314.85 Td (from ) Tj ET Q q 0 0 0 rg BT 408.07 314.85 Td (a ) Tj ET Q q 0 0 0 rg BT 414.86 314.85 Td (third ) Tj ET Q q 0 0 0 rg BT 434.15 314.85 Td (party) Tj ET Q q 0 0 0 rg BT 453.49 314.85 Td (, ) Tj ET Q q 0 0 0 rg BT 457.77 314.85 Td (which ) Tj ET Q q 0 0 0 rg BT 482.55 314.85 Td (did ) Tj ET Q q 0 0 0 rg BT 496.34 314.85 Td (not ) Tj ET Q q 0 0 0 rg BT 510.63 314.85 Td (occur) Tj ET Q q 0 0 0 rg BT 532.14 314.85 Td (.) Tj ET Q q 0 0 0 rg BT 536.98 314.85 Td (These ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 304.05 Td (swap ) Tj ET Q q 0 0 0 rg BT 72.45 304.05 Td (contracts ) Tj ET Q q 0 0 0 rg BT 110.40 304.05 Td (matured ) Tj ET Q q 0 0 0 rg BT 144.86 304.05 Td (and ) Tj ET Q q 0 0 0 rg BT 161.31 304.05 Td (settled ) Tj ET Q q 0 0 0 rg BT 189.27 304.05 Td (during ) Tj ET Q q 0 0 0 rg BT 215.72 304.05 Td (May ) Tj ET Q q 0 0 0 rg BT 234.16 304.05 Td (2018. ) Tj ET Q q 0 0 0 rg BT 258.03 304.05 Td (The ) Tj ET Q q 0 0 0 rg BT 274.98 304.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 314.93 304.05 Td (did ) Tj ET Q q 0 0 0 rg BT 328.38 304.05 Td (not ) Tj ET Q q 0 0 0 rg BT 342.33 304.05 Td (enter ) Tj ET Q q 0 0 0 rg BT 364.28 304.05 Td (these ) Tj ET Q q 0 0 0 rg BT 387.74 304.05 Td (contracts ) Tj ET Q q 0 0 0 rg BT 425.69 304.05 Td (for ) Tj ET Q q 0 0 0 rg BT 437.63 304.05 Td (trading ) Tj ET Q q 0 0 0 rg BT 466.59 304.05 Td (or ) Tj ET Q q 0 0 0 rg BT 476.03 304.05 Td (speculative ) Tj ET Q q 0 0 0 rg BT 522.50 304.05 Td (purposes.) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 286.05 Td (Restructuring and other costs) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 269.25 Td (As ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 62.85 269.25 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.19 269.25 Td (result ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.54 269.25 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.39 269.25 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.25 269.25 Td (CCAA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.76 269.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.10 269.25 Td (proceedings,) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.63 269.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.98 269.25 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.83 269.25 Td (Company ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.69 269.25 Td (incurred ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.55 269.25 Td (restructuring ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.91 269.25 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.27 269.25 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.13 269.25 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.47 269.25 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.82 269.25 Td (2014 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.19 269.25 Td (through ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.05 269.25 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.90 269.25 Td (2018. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.61 269.25 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.46 269.25 Td (expenses ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 258.45 Td (primarily ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.50 258.45 Td (included ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.53 258.45 Td (legal ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.04 258.45 Td (fees, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.06 258.45 Td (financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.58 258.45 Td (advisor ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.09 258.45 Td (fees, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.10 258.45 Td (court-appointed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.15 258.45 Td (monitor ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.66 258.45 Td (fees, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.67 258.45 Td (interim ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.17 258.45 Td (financing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.70 258.45 Td (fees ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.21 258.45 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.73 258.45 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.74 258.45 Td (costs) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 523.75 258.45 Td (.) Tj ET Q BT /F2 9.00 Tf ET 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 213.95000000000005 m 254.5 213.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254.5 213.95000000000005 m 331.5 213.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 331.5 213.95000000000005 m 408.5 213.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 408.5 213.95000000000005 m 485.5 213.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 485.5 213.95000000000005 m 562.5 213.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254.5 213.95000000000005 m 331.5 213.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 331.5 213.95000000000005 m 408.5 213.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 408.5 213.95000000000005 m 485.5 213.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 485.5 213.95000000000005 m 562.5 213.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 408.5 171.95000000000005 m 485.5 171.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 485.5 171.95000000000005 m 562.5 171.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 171.95000000000005 m 254.5 171.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 157.95000000000005 m 254.5 157.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254.5 171.95000000000005 m 331.5 171.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 157.95000000000005 m 331.5 157.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 331.5 171.95000000000005 m 408.5 171.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 157.95000000000005 m 408.5 157.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 157.95000000000005 m 485.5 157.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 157.95000000000005 m 562.5 157.95000000000005 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 258.70 232.35 Td (Three months ended September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.20 232.35 Td (Nine months ended September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 218.35 Td (\(millions of Canadian dollars\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 307.95 218.35 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 384.95 218.35 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 461.95 218.35 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 538.95 218.35 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 204.35 Td (Consulting and monitor costs ) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 171.56 208.64 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 257.00 204.35 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 322.95 204.35 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 334.00 204.35 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 396.00 204.35 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 411.00 204.35 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 476.95 204.35 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 488.00 204.35 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.95 204.35 Td (17) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 190.35 Td (Legal costs ) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 101.03 194.64 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 319.00 190.35 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 399.95 190.35 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 476.95 190.35 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.95 190.35 Td (12) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 176.35 Td (Other ) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 78.01 180.64 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 322.95 176.35 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 396.00 176.35 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 476.95 176.35 Td (4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 176.35 Td (4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 257.00 162.35 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 322.95 162.35 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 334.00 162.35 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 399.95 162.35 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 411.00 162.35 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 476.95 162.35 Td (7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 488.00 162.35 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.95 162.35 Td (33) Tj ET Q BT /F2 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 150.05 Td (1. ) Tj ET Q BT /F2 7.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 69.45 150.05 Td (Consulting and legal costs are expected to continue during 2018.) Tj ET Q BT /F2 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 270.64 150.05 Td ( ) Tj ET Q BT /F2 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 141.65 Td (2. Other includes building related costs incurred by Stelco on behalf of the Land V) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.22 141.65 Td (ehicle.) Tj ET Q BT /F2 7.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.45 141.65 Td ( ) Tj ET Q endstream endobj 27 0 obj <> endobj 28 0 obj <> stream BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 771.50 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 214.60 771.50 Td (AND ) Tj ET Q q 0 0 0 rg BT 241.08 771.50 Td (ANAL) Tj ET Q q 0 0 0 rg BT 270.62 771.50 Td (YSIS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.40 24.25 Td (12) Tj ET Q BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 748.00 Td (Review of ) Tj ET Q BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 104.40 748.00 Td (Non-IFRS Measures) Tj ET Q BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.31 748.00 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 730.00 Td (Adjusted net income) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 713.20 Td (The following table provides a reconciliation of net income \(loss\) to adjusted net income \(loss\) for the periods indicated:) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 665.7 m 302.5 665.7 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 302.5 665.7 m 367.5 665.7 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 367.5 665.7 m 432.5 665.7 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 432.5 665.7 m 497.5 665.7 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 497.5 665.7 m 562.5 665.7 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 367.5 665.7 m 432.5 665.7 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 432.5 665.7 m 497.5 665.7 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 497.5 665.7 m 562.5 665.7 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 525.7 m 302.5 525.7 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 367.5 525.7 m 432.5 525.7 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 497.5 525.7 m 562.5 525.7 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 525.7 m 302.5 525.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 511.7 m 302.5 511.7 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 302.5 525.7 m 367.5 525.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 511.7 m 367.5 511.7 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 367.5 525.7 m 432.5 525.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 511.7 m 432.5 511.7 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 432.5 525.7 m 497.5 525.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 511.7 m 497.5 511.7 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 497.5 525.7 m 562.5 525.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 511.7 m 562.5 511.7 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 325.45 693.10 Td (Three months ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 337.45 684.10 Td (September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 457.95 693.10 Td (Nine months ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 467.45 684.10 Td (September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 670.10 Td (\(millions of Canadian dollars, except where otherwise noted\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 343.95 670.10 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 408.95 670.10 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.95 670.10 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 538.95 670.10 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 656.10 Td (Net income \(loss\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 305.00 656.10 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 348.95 656.10 Td (123) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 370.00 656.10 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.95 656.10 Td (\(13) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 429.00 656.10 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.00 656.10 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.95 656.10 Td (139) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 500.00 656.10 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.45 656.10 Td (3,563) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 642.10 Td (Add back/\(Deduct\):) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 628.10 Td (Remeasurement of employee benefit commitment ) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 260.59 632.39 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 355.95 628.10 Td (\(2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 364.00 628.10 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.00 628.10 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.95 628.10 Td (159) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.00 628.10 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 614.10 Td (Separation costs related to USS support services ) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 257.60 618.39 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 358.95 614.10 Td (5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.95 614.10 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.95 614.10 Td (15) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.95 614.10 Td (21) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 600.10 Td (Loss from commodity-based swaps) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 355.00 600.10 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.00 600.10 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.95 600.10 Td (10) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.00 600.10 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 586.10 Td (Restructuring and other costs ) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 179.06 590.39 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 358.95 586.10 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.95 586.10 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 488.95 586.10 Td (7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.95 586.10 Td (33) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 572.10 Td (Property related idle costs included in cost of goods sold ) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 286.13 576.39 Td (4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 358.95 572.10 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.00 572.10 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 488.95 572.10 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.00 572.10 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 558.10 Td (Acquisition related costs ) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 158.55 562.39 Td (5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 355.00 558.10 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.00 558.10 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.00 558.10 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.95 558.10 Td (18) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 544.10 Td (Provision on pension and other post-employment benefits ) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 291.14 548.39 Td (6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 355.00 544.10 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.95 544.10 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.00 544.10 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.95 544.10 Td (26) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 530.10 Td (Gain related to emergence from CCAA) Tj ET Q q 0 0 0 rg BT 213.07 530.10 Td ( ) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 215.57 534.39 Td (7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 355.00 530.10 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.00 530.10 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 485.00 530.10 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.45 530.10 Td (\(3,665) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 559.00 530.10 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 516.10 Td (Adjusted net income \(loss\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 305.00 516.10 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 348.95 516.10 Td (131) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 370.00 516.10 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.95 516.10 Td (\(9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 429.00 516.10 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.00 516.10 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.95 516.10 Td (333) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 500.00 516.10 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.95 516.10 Td (\(4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 559.00 516.10 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F2 7.00 Tf ET q 0 0 0 rg BT 49.00 497.80 Td (1. ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 71.00 497.80 Td (Remeasurement ) Tj ET Q q 0 0 0 rg BT 124.69 497.80 Td (of ) Tj ET Q q 0 0 0 rg BT 132.47 497.80 Td (employee ) Tj ET Q q 0 0 0 rg BT 164.77 497.80 Td (benefit ) Tj ET Q q 0 0 0 rg BT 187.73 497.80 Td (commitment ) Tj ET Q q 0 0 0 rg BT 227.79 497.80 Td (for ) Tj ET Q q 0 0 0 rg BT 237.91 497.80 Td (change ) Tj ET Q q 0 0 0 rg BT 262.82 497.80 Td (in ) Tj ET Q q 0 0 0 rg BT 270.21 497.80 Td (the ) Tj ET Q q 0 0 0 rg BT 281.88 497.80 Td (timing ) Tj ET Q q 0 0 0 rg BT 302.50 497.80 Td (of ) Tj ET Q q 0 0 0 rg BT 310.28 497.80 Td (estimated ) Tj ET Q q 0 0 0 rg BT 342.58 497.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 359.31 497.80 Td (flows ) Tj ET Q q 0 0 0 rg BT 377.20 497.80 Td (and ) Tj ET Q q 0 0 0 rg BT 390.83 497.80 Td (future ) Tj ET Q q 0 0 0 rg BT 410.67 497.80 Td (funding ) Tj ET Q q 0 0 0 rg BT 435.58 497.80 Td (requirements.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 478.38 497.80 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 49.00 489.40 Td (2. ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 71.00 489.40 Td (Includes ) Tj ET Q q 0 0 0 rg BT 99.02 489.40 Td (ERP) Tj ET Q q 0 0 0 rg BT 113.28 489.40 Td ( ) Tj ET Q q 0 0 0 rg BT 115.23 489.40 Td (implementation ) Tj ET Q q 0 0 0 rg BT 164.64 489.40 Td (costs ) Tj ET Q q 0 0 0 rg BT 182.92 489.40 Td (associated ) Tj ET Q q 0 0 0 rg BT 218.33 489.40 Td (with ) Tj ET Q q 0 0 0 rg BT 232.73 489.40 Td (the ) Tj ET Q q 0 0 0 rg BT 244.40 489.40 Td (process ) Tj ET Q q 0 0 0 rg BT 270.86 489.40 Td (of ) Tj ET Q q 0 0 0 rg BT 278.64 489.40 Td (separating ) Tj ET Q q 0 0 0 rg BT 313.28 489.40 Td (from ) Tj ET Q q 0 0 0 rg BT 329.22 489.40 Td (USS, ) Tj ET Q q 0 0 0 rg BT 347.50 489.40 Td (management ) Tj ET Q q 0 0 0 rg BT 390.31 489.40 Td (fees ) Tj ET Q q 0 0 0 rg BT 405.48 489.40 Td (and ) Tj ET Q q 0 0 0 rg BT 419.11 489.40 Td (shared ) Tj ET Q q 0 0 0 rg BT 442.45 489.40 Td (services ) Tj ET Q q 0 0 0 rg BT 470.07 489.40 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 511.71 489.40 Td (costs.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 529.99 489.40 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 49.00 481.00 Td (3. ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 71.00 481.00 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 114.49 481.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 132.70 481.00 Td (relates ) Tj ET Q q 0 0 0 rg BT 155.57 481.00 Td (to ) Tj ET Q q 0 0 0 rg BT 163.28 481.00 Td (the ) Tj ET Q q 0 0 0 rg BT 174.88 481.00 Td (CCAA) Tj ET Q q 0 0 0 rg BT 193.94 481.00 Td ( ) Tj ET Q q 0 0 0 rg BT 195.80 481.00 Td (proceedings, ) Tj ET Q q 0 0 0 rg BT 237.75 481.00 Td (which ) Tj ET Q q 0 0 0 rg BT 257.51 481.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 285.83 481.00 Td (included ) Tj ET Q q 0 0 0 rg BT 313.77 481.00 Td (legal ) Tj ET Q q 0 0 0 rg BT 330.42 481.00 Td (fees, ) Tj ET Q q 0 0 0 rg BT 347.47 481.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 375.01 481.00 Td (advisor ) Tj ET Q q 0 0 0 rg BT 399.45 481.00 Td (fees, ) Tj ET Q q 0 0 0 rg BT 416.49 481.00 Td (court-appointed ) Tj ET Q q 0 0 0 rg BT 467.00 481.00 Td (monitor ) Tj ET Q q 0 0 0 rg BT 492.21 481.00 Td (fees, ) Tj ET Q q 0 0 0 rg BT 509.25 481.00 Td (interim ) Tj ET Q q 0 0 0 rg BT 532.12 481.00 Td ( ) Tj ET Q q 0 0 0 rg BT 533.98 481.00 Td (financing ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 71.00 472.60 Td (fees ) Tj ET Q q 0 0 0 rg BT 86.18 472.60 Td (and ) Tj ET Q q 0 0 0 rg BT 99.80 472.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 127.43 472.60 Td (other ) Tj ET Q q 0 0 0 rg BT 145.33 472.60 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 186.18 472.60 Td (related ) Tj ET Q q 0 0 0 rg BT 209.52 472.60 Td (costs. ) Tj ET Q q 0 0 0 rg BT 229.62 472.60 Td (The ) Tj ET Q q 0 0 0 rg BT 243.63 472.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 275.53 472.60 Td (implemented ) Tj ET Q q 0 0 0 rg BT 317.56 472.60 Td (its ) Tj ET Q q 0 0 0 rg BT 326.50 472.60 Td (CCAA) Tj ET Q q 0 0 0 rg BT 345.56 472.60 Td ( ) Tj ET Q q 0 0 0 rg BT 347.51 472.60 Td (plan ) Tj ET Q q 0 0 0 rg BT 362.69 472.60 Td (on ) Tj ET Q q 0 0 0 rg BT 372.42 472.60 Td (June ) Tj ET Q q 0 0 0 rg BT 389.54 472.60 Td (30, ) Tj ET Q q 0 0 0 rg BT 401.22 472.60 Td (2017.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 418.73 472.60 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 49.00 464.20 Td (4. ) Tj ET Q BT /F2 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.00 464.20 Td (Includes ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.02 464.20 Td (utility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.91 464.20 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.19 464.20 Td (incurred ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.43 464.20 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.76 464.20 Td (Stelco ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.16 464.20 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.28 464.20 Td (non-operating ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.42 464.20 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.05 464.20 Td (idled ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.78 464.20 Td (assets ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.96 464.20 Td (acquired ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.75 464.20 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.70 464.20 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.37 464.20 Td (Land ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.89 464.20 Td (V) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.17 464.20 Td (ehicle ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.41 464.20 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.14 464.20 Td (June ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.26 464.20 Td (5, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.05 464.20 Td (2018.) Tj ET Q BT /F2 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 451.56 464.20 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 49.00 455.80 Td (5. ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 71.00 455.80 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 106.80 455.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 125.08 455.80 Td (related ) Tj ET Q q 0 0 0 rg BT 148.43 455.80 Td (to ) Tj ET Q q 0 0 0 rg BT 156.21 455.80 Td (the ) Tj ET Q q 0 0 0 rg BT 167.89 455.80 Td (purchase ) Tj ET Q q 0 0 0 rg BT 198.63 455.80 Td (of ) Tj ET Q q 0 0 0 rg BT 206.41 455.80 Td (Stelco ) Tj ET Q q 0 0 0 rg BT 227.81 455.80 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 241.04 455.80 Td (by ) Tj ET Q q 0 0 0 rg BT 250.37 455.80 Td (Bedrock.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 278.00 455.80 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 49.00 447.40 Td (6. ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 71.00 447.40 Td (Represents ) Tj ET Q q 0 0 0 rg BT 108.74 447.40 Td (dif) Tj ET Q q 0 0 0 rg BT 116.01 447.40 Td (ference ) Tj ET Q q 0 0 0 rg BT 141.30 447.40 Td (between ) Tj ET Q q 0 0 0 rg BT 169.71 447.40 Td (total ) Tj ET Q q 0 0 0 rg BT 184.89 447.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 201.62 447.40 Td (funding ) Tj ET Q q 0 0 0 rg BT 226.53 447.40 Td (obligation ) Tj ET Q q 0 0 0 rg BT 258.44 447.40 Td (for ) Tj ET Q q 0 0 0 rg BT 268.55 447.40 Td (pensions ) Tj ET Q q 0 0 0 rg BT 298.52 447.40 Td (and ) Tj ET Q q 0 0 0 rg BT 312.14 447.40 Td (OPEBs.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 337.04 447.40 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 49.00 437.80 Td (7. ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 71.00 437.80 Td (Represents ) Tj ET Q q 0 0 0 rg BT 108.74 437.80 Td (the ) Tj ET Q q 0 0 0 rg BT 120.42 437.80 Td (gain ) Tj ET Q q 0 0 0 rg BT 135.60 437.80 Td (from ) Tj ET Q q 0 0 0 rg BT 151.54 437.80 Td (the ) Tj ET Q q 0 0 0 rg BT 163.22 437.80 Td (implementation ) Tj ET Q q 0 0 0 rg BT 212.63 437.80 Td (of ) Tj ET Q q 0 0 0 rg BT 220.41 437.80 Td (the ) Tj ET Q q 0 0 0 rg BT 232.09 437.80 Td (CCAA) Tj ET Q q 0 0 0 rg BT 251.15 437.80 Td ( ) Tj ET Q q 0 0 0 rg BT 253.10 437.80 Td (plan ) Tj ET Q q 0 0 0 rg BT 268.27 437.80 Td (on ) Tj ET Q q 0 0 0 rg BT 278.01 437.80 Td (June ) Tj ET Q q 0 0 0 rg BT 295.13 437.80 Td (30, ) Tj ET Q q 0 0 0 rg BT 306.81 437.80 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 322.38 437.80 Td (.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 324.60 437.80 Td ( ) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 418.60 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.51 418.60 Td (2018) Tj ET Q BT /F4 9.00 Tf ET BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 401.80 Td (Adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.83 401.80 Td (net ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.15 401.80 Td (income ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.97 401.80 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.27 401.80 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.59 401.80 Td (quarter ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.91 401.80 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.72 401.80 Td ($131 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.55 401.80 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.06 401.80 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.86 401.80 Td (compared ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.69 401.80 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.00 401.80 Td (an ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.82 401.80 Td (adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.65 401.80 Td (net ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.97 401.80 Td (loss ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.78 401.80 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.09 401.80 Td ($9 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.90 401.80 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.41 401.80 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.22 401.80 Td (for ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.52 401.80 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.34 401.80 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.36 401.80 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.16 401.80 Td (representing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 557.00 401.80 Td (a ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 391.00 Td (gross ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.51 391.00 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.53 391.00 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.03 391.00 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.03 391.00 Td ($140 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.56 391.00 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.06 391.00 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.56 391.00 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.07 391.00 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.07 391.00 Td (primarily ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.57 391.00 Td (due ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.09 391.00 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.10 391.00 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.11 391.00 Td (following:) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.00 374.20 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.00 374.20 Td ($138 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.51 374.20 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.01 374.20 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.50 374.20 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.52 374.20 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.01 374.20 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.50 374.20 Td (gross ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.99 374.20 Td (profit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.49 374.20 Td (\(adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.00 374.20 Td (for ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.99 374.20 Td (higher) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.01 374.20 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.49 374.20 Td (property ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.00 374.20 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.00 374.20 Td (idle ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.50 374.20 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.99 374.20 Td (included ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.00 374.20 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.49 374.20 Td (cost ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.49 374.20 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.48 374.20 Td (goods ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.49 374.20 Td (sold ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.49 374.20 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.00 363.40 Td ($3million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.02 363.40 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.02 363.40 Td (partly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.53 363.40 Td (of) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.87 363.40 Td (fset ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.88 363.40 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.88 363.40 Td (a ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.39 363.40 Td (lower) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.90 363.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.40 363.40 Td (provision ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.91 363.40 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.42 363.40 Td (pension ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.45 363.40 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.97 363.40 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.98 363.40 Td (post-employment ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.51 363.40 Td (benefits ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.53 363.40 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.54 363.40 Td ($2 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.05 363.40 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.56 363.40 Td (\); ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.56 363.40 Td (and) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.00 346.60 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.00 346.60 Td ($4 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.91 346.60 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.42 346.60 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.32 346.60 Td (lower) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.83 346.60 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.73 346.60 Td (selling, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.65 346.60 Td (general ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.57 346.60 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.49 346.60 Td (administrative ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.92 346.60 Td (expenses ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.34 346.60 Td (\(adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.27 346.60 Td (for ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.68 346.60 Td (higher) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.69 346.60 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.60 346.60 Td (ERP) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.94 346.60 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.84 346.60 Td (implementation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.77 346.60 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.68 346.60 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.09 346.60 Td ($4 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.00 346.60 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 556.51 346.60 Td (\); ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.00 335.80 Td (partly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.51 335.80 Td (of) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.85 335.80 Td (fset ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.86 335.80 Td (by) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.00 319.00 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.00 319.00 Td ($2 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.50 319.00 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.00 319.00 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.49 319.00 Td (higher ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.00 319.00 Td (finance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.51 319.00 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.00 319.00 Td (\(adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.51 319.00 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.50 319.00 Td (an ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.00 319.00 Td (increase ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.50 319.00 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.00 319.00 Td (remeasurement ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.51 319.00 Td (recovery ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.51 319.00 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.99 319.00 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.99 319.00 Td (employee ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.50 319.00 Td (benefit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.01 319.00 Td (commitment ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.00 308.20 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.01 308.20 Td ($2 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.52 308.20 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.02 308.20 Td (\).) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 291.40 Td (For ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.00 291.40 Td (discussion ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.52 291.40 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.04 291.40 Td (analysis ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.05 291.40 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.06 291.40 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.57 291.40 Td (financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.09 291.40 Td (results, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.60 291.40 Td (refer ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.60 291.40 Td (to ) Tj ET Q BT /F4 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.61 291.40 Td ('Review ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.34 291.40 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.34 291.40 Td (Quarterly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.86 291.40 Td (Financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.37 291.40 Td (Results') Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.10 291.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.60 291.40 Td (section ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.62 291.40 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.13 291.40 Td (this ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.63 291.40 Td (MD&A. ) Tj ET Q BT /F4 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 274.60 Td (YTD ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.50 274.60 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 257.80 Td (Adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.06 257.80 Td (net ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.61 257.80 Td (income ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.66 257.80 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.20 257.80 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.75 257.80 Td (period ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.81 257.80 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.85 257.80 Td ($333million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.88 257.80 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.91 257.80 Td (compared ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.97 257.80 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.52 257.80 Td (an ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.56 257.80 Td (adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.63 257.80 Td (net ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.18 257.80 Td (loss ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.22 257.80 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.76 257.80 Td ($4million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.78 257.80 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.82 257.80 Td (during ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.87 257.80 Td (2017 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.93 257.80 Td (representing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 557.00 257.80 Td (a ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 247.00 Td (gross ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.51 247.00 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.53 247.00 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.03 247.00 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.03 247.00 Td ($337million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.06 247.00 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.56 247.00 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.07 247.00 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.07 247.00 Td (primarily ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.57 247.00 Td (due ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.09 247.00 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.10 247.00 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.11 247.00 Td (following:) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.00 230.20 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.00 230.20 Td ($243 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.60 230.20 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.11 230.20 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.68 230.20 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.70 230.20 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.28 230.20 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.86 230.20 Td (gross ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.45 230.20 Td (profit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.04 230.20 Td (\(adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.64 230.20 Td (for ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.72 230.20 Td (lower) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.23 230.20 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.81 230.20 Td (provision ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.40 230.20 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.99 230.20 Td (pension ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.10 230.20 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.69 230.20 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.79 230.20 Td (post-employment ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.39 230.20 Td (benefits ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.49 230.20 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.00 219.40 Td ($26million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.02 219.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.60 219.40 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.20 219.40 Td (a ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.78 219.40 Td (decrease) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.80 219.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.38 219.40 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.46 219.40 Td (separation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.07 219.40 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.66 219.40 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.75 219.40 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.84 219.40 Td (USS ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.92 219.40 Td (support ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.52 219.40 Td (services ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.11 219.40 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.19 219.40 Td ($3million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.21 219.40 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.29 219.40 Td (party ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.87 219.40 Td (of) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.22 219.40 Td (fset ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.30 219.40 Td (by ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.39 219.40 Td (higher) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.40 219.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.98 219.40 Td (property ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.00 208.60 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.02 208.60 Td (idle ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.53 208.60 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.04 208.60 Td (included ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.06 208.60 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.57 208.60 Td (cost ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.57 208.60 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.58 208.60 Td (goods ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.60 208.60 Td (sold ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.61 208.60 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.62 208.60 Td ($3million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.64 208.60 Td (\);) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.00 191.80 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.00 191.80 Td ($94million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.02 191.80 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.51 191.80 Td (lower) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.02 191.80 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.50 191.80 Td (finance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.01 191.80 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.50 191.80 Td (\(adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.01 191.80 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.00 191.80 Td (an ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.50 191.80 Td (increase ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 304.00 191.80 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.49 191.80 Td (remeasurement ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.00 191.80 Td (charges ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.51 191.80 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.99 191.80 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.99 191.80 Td (employee ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.50 191.80 Td (benefit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.01 191.80 Td (commitment ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.00 181.00 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.01 181.00 Td ($159million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.03 181.00 Td (\); ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.03 181.00 Td (and) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.00 164.20 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.00 164.20 Td ($4million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.02 164.20 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.25 164.20 Td (lower) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.76 164.20 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.99 164.20 Td (selling, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.24 164.20 Td (general ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.49 164.20 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.74 164.20 Td (administrative ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.50 164.20 Td (expenses ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.26 164.20 Td (\(adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.51 164.20 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.25 164.20 Td (acquisition ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.01 164.20 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.76 164.20 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.00 164.20 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.74 164.20 Td ($18million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 543.76 164.20 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 546.99 164.20 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.00 153.40 Td (lower) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.51 153.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.01 153.40 Td (ERP) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.35 153.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.85 153.40 Td (implementation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.38 153.40 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.89 153.40 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.90 153.40 Td ($3million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.91 153.40 Td (\); ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.91 153.40 Td (partly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.42 153.40 Td (of) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.76 153.40 Td (fset ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.77 153.40 Td (by) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.00 136.60 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.00 136.60 Td ($3million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.02 136.60 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.52 136.60 Td (decrease) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.54 136.60 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.04 136.60 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.55 136.60 Td (finance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.07 136.60 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.59 136.60 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.60 136.60 Td (income ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.11 136.60 Td (\(adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.64 136.60 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.64 136.60 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.15 136.60 Td (loss ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.65 136.60 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.15 136.60 Td (commodity-based ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.68 136.60 Td (swaps ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.69 136.60 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.70 136.60 Td ($10million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 532.72 136.60 Td (\).) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 119.80 Td (Included ) Tj ET Q q 0 0 0 rg BT 85.70 119.80 Td (in ) Tj ET Q q 0 0 0 rg BT 94.39 119.80 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 130.09 119.80 Td (net ) Tj ET Q q 0 0 0 rg BT 144.28 119.80 Td (income ) Tj ET Q q 0 0 0 rg BT 174.97 119.80 Td (for ) Tj ET Q q 0 0 0 rg BT 187.15 119.80 Td (the ) Tj ET Q q 0 0 0 rg BT 201.34 119.80 Td (period ) Tj ET Q q 0 0 0 rg BT 228.04 119.80 Td (is ) Tj ET Q q 0 0 0 rg BT 236.21 119.80 Td (the ) Tj ET Q q 0 0 0 rg BT 250.40 119.80 Td (impact ) Tj ET Q q 0 0 0 rg BT 278.59 119.80 Td (of ) Tj ET Q q 0 0 0 rg BT 287.77 119.80 Td (a ) Tj ET Q q 0 0 0 rg BT 294.46 119.80 Td ($6 ) Tj ET Q q 0 0 0 rg BT 306.14 119.80 Td (million ) Tj ET Q q 0 0 0 rg BT 333.33 119.80 Td (inventory ) Tj ET Q q 0 0 0 rg BT 371.52 119.80 Td (revaluation ) Tj ET Q q 0 0 0 rg BT 417.23 119.80 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 462.93 119.80 Td (which ) Tj ET Q q 0 0 0 rg BT 487.62 119.80 Td (relates ) Tj ET Q q 0 0 0 rg BT 516.31 119.80 Td (to ) Tj ET Q q 0 0 0 rg BT 525.49 119.80 Td (inventory ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 109.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 73.43 109.00 Td (included ) Tj ET Q q 0 0 0 rg BT 109.39 109.00 Td (in ) Tj ET Q q 0 0 0 rg BT 118.82 109.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 137.76 109.00 Td (of ) Tj ET Q q 0 0 0 rg BT 147.69 109.00 Td (goods ) Tj ET Q q 0 0 0 rg BT 174.64 109.00 Td (sold ) Tj ET Q q 0 0 0 rg BT 193.58 109.00 Td (that ) Tj ET Q q 0 0 0 rg BT 211.02 109.00 Td (had ) Tj ET Q q 0 0 0 rg BT 228.46 109.00 Td (been ) Tj ET Q q 0 0 0 rg BT 250.91 109.00 Td (recorded ) Tj ET Q q 0 0 0 rg BT 288.86 109.00 Td (in ) Tj ET Q q 0 0 0 rg BT 298.29 109.00 Td (a ) Tj ET Q q 0 0 0 rg BT 305.73 109.00 Td (period ) Tj ET Q q 0 0 0 rg BT 333.17 109.00 Td (prior ) Tj ET Q q 0 0 0 rg BT 353.61 109.00 Td (to ) Tj ET Q q 0 0 0 rg BT 363.54 109.00 Td (2018. ) Tj ET Q q 0 0 0 rg BT 388.33 109.00 Td (The ) Tj ET Q q 0 0 0 rg BT 406.27 109.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 435.21 109.00 Td (of ) Tj ET Q q 0 0 0 rg BT 445.14 109.00 Td (this ) Tj ET Q q 0 0 0 rg BT 461.57 109.00 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 508.03 109.00 Td (increased ) Tj ET Q q 0 0 0 rg BT 549.48 109.00 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 98.20 Td (carrying ) Tj ET Q q 0 0 0 rg BT 84.51 98.20 Td (value ) Tj ET Q q 0 0 0 rg BT 108.53 98.20 Td (of ) Tj ET Q q 0 0 0 rg BT 118.53 98.20 Td (the ) Tj ET Q q 0 0 0 rg BT 133.54 98.20 Td (Company) Tj ET Q q 0 0 0 rg BT 173.90 98.20 Td (s ) Tj ET Q q 0 0 0 rg BT 180.90 98.20 Td (inventory ) Tj ET Q q 0 0 0 rg BT 219.92 98.20 Td (with ) Tj ET Q q 0 0 0 rg BT 238.42 98.20 Td (a ) Tj ET Q q 0 0 0 rg BT 245.93 98.20 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 305.47 98.20 Td (decrease ) Tj ET Q q 0 0 0 rg BT 344.99 98.20 Td (to ) Tj ET Q q 0 0 0 rg BT 355.00 98.20 Td (cost ) Tj ET Q q 0 0 0 rg BT 374.00 98.20 Td (of ) Tj ET Q q 0 0 0 rg BT 384.01 98.20 Td (goods ) Tj ET Q q 0 0 0 rg BT 411.03 98.20 Td (sold ) Tj ET Q q 0 0 0 rg BT 430.04 98.20 Td (in ) Tj ET Q q 0 0 0 rg BT 439.55 98.20 Td (the ) Tj ET Q q 0 0 0 rg BT 454.56 98.20 Td (period.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 81.40 Td (For ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.00 81.40 Td (discussion ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.52 81.40 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.04 81.40 Td (analysis ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.05 81.40 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.06 81.40 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.57 81.40 Td (financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.09 81.40 Td (results, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.60 81.40 Td (refer ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.60 81.40 Td (to ) Tj ET Q BT /F4 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.61 81.40 Td ('Review ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.34 81.40 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.34 81.40 Td (Quarterly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.86 81.40 Td (Financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.37 81.40 Td (Results') Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.10 81.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.60 81.40 Td (section ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.62 81.40 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.13 81.40 Td (this ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.63 81.40 Td (MD&A.) Tj ET Q endstream endobj 29 0 obj <> endobj 30 0 obj <> stream BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 771.50 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 214.60 771.50 Td (AND ) Tj ET Q q 0 0 0 rg BT 241.08 771.50 Td (ANAL) Tj ET Q q 0 0 0 rg BT 270.62 771.50 Td (YSIS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.40 24.25 Td (13) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 748.75 Td (Adjusted EBITDA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.41 748.75 Td ( and T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.11 748.75 Td (ariff ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.41 748.75 Td (Adjusted EBITDA) Tj ET Q BT /F3 10.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.81 748.75 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 731.95 Td (The following table provides a reconciliation of net income \(loss\) to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.14 731.95 Td (Adjusted EBITDA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.67 731.95 Td ( and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.53 731.95 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.03 731.95 Td (arif) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.37 731.95 Td (f ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.87 731.95 Td (Adjusted EBITDA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.41 731.95 Td ( for the periods ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 721.15 Td (indicated) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.03 721.15 Td (:) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 673.65 m 302.5 673.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 302.5 673.65 m 367.5 673.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 367.5 673.65 m 432.5 673.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 432.5 673.65 m 497.5 673.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 497.5 673.65 m 562.5 673.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 367.5 673.65 m 432.5 673.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 432.5 673.65 m 497.5 673.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 497.5 673.65 m 562.5 673.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 505.65 m 302.5 505.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 367.5 505.65 m 432.5 505.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 497.5 505.65 m 562.5 505.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 505.65 m 302.5 505.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 302.5 505.65 m 367.5 505.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 367.5 505.65 m 432.5 505.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 432.5 505.65 m 497.5 505.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 497.5 505.65 m 562.5 505.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 477.65 m 302.5 477.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 302.5 477.65 m 367.5 477.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 367.5 477.65 m 432.5 477.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 432.5 477.65 m 497.5 477.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 497.5 477.65 m 562.5 477.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 463.65 m 302.5 463.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 302.5 463.65 m 367.5 463.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 367.5 477.65 m 432.5 477.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 367.5 463.65 m 432.5 463.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 432.5 477.65 m 497.5 477.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 432.5 463.65 m 497.5 463.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 497.5 477.65 m 562.5 477.65 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 497.5 463.65 m 562.5 463.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 413.65 m 302.5 413.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 413.65 m 367.5 413.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 413.65 m 432.5 413.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 413.65 m 497.5 413.65 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 413.65 m 562.5 413.65 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 325.45 701.05 Td (Three months ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 337.45 692.05 Td (September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 457.95 701.05 Td (Nine months ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 467.45 692.05 Td (September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 678.05 Td (\(millions of Canadian dollars, except where otherwise noted\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 343.95 678.05 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 408.95 678.05 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.95 678.05 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 538.95 678.05 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 664.05 Td (Net income \(loss\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 305.00 664.05 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 343.90 664.05 Td (123) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 370.00 664.05 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 410.90 664.05 Td (\(13) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.95 664.05 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.00 664.05 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.90 664.05 Td (139) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 500.00 664.05 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 531.40 664.05 Td (3,563) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 650.05 Td (Add back/\(Deduct\):) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 636.05 Td (Finance costs) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 348.90 636.05 Td (12) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 413.90 636.05 Td (12) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.90 636.05 Td (198) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 538.90 636.05 Td (133) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 622.05 Td (Depreciation) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 348.90 622.05 Td (10) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 418.90 622.05 Td (4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.90 622.05 Td (28) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.90 622.05 Td (19) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 608.05 Td (Separation costs related to USS support services) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 255.10 612.34 Td ( 1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 353.90 608.05 Td (5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 418.90 608.05 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.90 608.05 Td (15) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.90 608.05 Td (21) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 594.05 Td (Loss from commodity-based swaps) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 349.95 594.05 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 414.95 594.05 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.90 594.05 Td (10) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 544.95 594.05 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 580.05 Td (Restructuring and other costs ) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 179.06 584.34 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 353.90 580.05 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 418.90 580.05 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.90 580.05 Td (7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.90 580.05 Td (33) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 566.05 Td (Property related idle costs included in cost of goods sold ) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 286.13 570.34 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 353.90 566.05 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 414.95 566.05 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.90 566.05 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 544.95 566.05 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 552.05 Td (Finance income) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 350.90 552.05 Td (\(1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 358.95 552.05 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 414.95 552.05 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 480.90 552.05 Td (\(1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 488.95 552.05 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.90 552.05 Td (\(1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 552.05 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 538.05 Td (Provision on pension and other post-employment benefits ) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 291.14 542.34 Td (4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 349.95 538.05 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 418.90 538.05 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.95 538.05 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.90 538.05 Td (26) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 524.05 Td (Acquisition related costs ) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 158.55 528.34 Td (5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 349.95 524.05 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 414.95 524.05 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.95 524.05 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.90 524.05 Td (18) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 510.05 Td (Gain related to emergence from CCAA) Tj ET Q q 0 0 0 rg BT 213.07 510.05 Td ( ) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 215.57 514.34 Td (6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 349.95 510.05 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 414.95 510.05 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.95 510.05 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 528.40 510.05 Td (\(3,665) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 510.05 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 496.05 Td (Adjusted EBITDA) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 305.00 496.05 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 343.90 496.05 Td (154) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 370.00 496.05 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 418.90 496.05 Td (7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.00 496.05 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.90 496.05 Td (399) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 500.00 496.05 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 538.90 496.05 Td (147) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 482.05 Td (Add back: ) Tj ET Q q 0 0 0 rg BT 95.36 482.05 Td (T) Tj ET Q q 0 0 0 rg BT 99.86 482.05 Td (arif) Tj ET Q q 0 0 0 rg BT 112.20 482.05 Td (f related costs ) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 170.73 486.34 Td (7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 348.90 482.05 Td (39) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 414.95 482.05 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.90 482.05 Td (50) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 544.95 482.05 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 468.05 Td (T) Tj ET Q q 0 0 0 rg BT 58.16 468.05 Td (ariff ) Tj ET Q q 0 0 0 rg BT 77.17 468.05 Td (Adjusted EBITDA) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 305.00 468.05 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 343.90 468.05 Td (193) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 370.00 468.05 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 418.90 468.05 Td (7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.00 468.05 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 473.90 468.05 Td (449) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 500.00 468.05 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 538.90 468.05 Td (147) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 446.05 Td (Percentage of total revenue:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 432.05 Td (Adjusted EBITDA) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 348.90 432.05 Td (25) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 358.95 432.05 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 418.90 432.05 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.95 432.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.90 432.05 Td (22) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 488.95 432.05 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.90 432.05 Td (13) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 432.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 59.00 418.05 Td (T) Tj ET Q q 0 0 0 rg BT 63.83 418.05 Td (ariff ) Tj ET Q q 0 0 0 rg BT 83.00 418.05 Td (Adjusted EBITDA) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 348.90 418.05 Td (31) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 358.95 418.05 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 418.90 418.05 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.95 418.05 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.90 418.05 Td (25) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 488.95 418.05 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.90 418.05 Td (13) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 418.05 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.00 399.75 Td (1. ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 68.00 399.75 Td (Includes ) Tj ET Q q 0 0 0 rg BT 96.02 399.75 Td (ERP) Tj ET Q q 0 0 0 rg BT 110.28 399.75 Td ( ) Tj ET Q q 0 0 0 rg BT 112.23 399.75 Td (implementation ) Tj ET Q q 0 0 0 rg BT 161.64 399.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 179.92 399.75 Td (associated ) Tj ET Q q 0 0 0 rg BT 215.33 399.75 Td (with ) Tj ET Q q 0 0 0 rg BT 229.73 399.75 Td (the ) Tj ET Q q 0 0 0 rg BT 241.40 399.75 Td (process ) Tj ET Q q 0 0 0 rg BT 267.86 399.75 Td (of ) Tj ET Q q 0 0 0 rg BT 275.64 399.75 Td (separating ) Tj ET Q q 0 0 0 rg BT 310.28 399.75 Td (from ) Tj ET Q q 0 0 0 rg BT 326.22 399.75 Td (USS, ) Tj ET Q q 0 0 0 rg BT 344.50 399.75 Td (management ) Tj ET Q q 0 0 0 rg BT 387.31 399.75 Td (fees ) Tj ET Q q 0 0 0 rg BT 402.48 399.75 Td (and ) Tj ET Q q 0 0 0 rg BT 416.11 399.75 Td (shared ) Tj ET Q q 0 0 0 rg BT 439.45 399.75 Td (services ) Tj ET Q q 0 0 0 rg BT 467.07 399.75 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 508.71 399.75 Td (costs.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 526.99 399.75 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.00 391.35 Td (2. ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 68.00 391.35 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 111.75 391.35 Td (costs ) Tj ET Q q 0 0 0 rg BT 130.21 391.35 Td (relates ) Tj ET Q q 0 0 0 rg BT 153.34 391.35 Td (to ) Tj ET Q q 0 0 0 rg BT 161.30 391.35 Td (the ) Tj ET Q q 0 0 0 rg BT 173.16 391.35 Td (CCAA) Tj ET Q q 0 0 0 rg BT 192.22 391.35 Td ( ) Tj ET Q q 0 0 0 rg BT 194.34 391.35 Td (proceedings, ) Tj ET Q q 0 0 0 rg BT 236.55 391.35 Td (which ) Tj ET Q q 0 0 0 rg BT 256.57 391.35 Td (primarily ) Tj ET Q q 0 0 0 rg BT 285.13 391.35 Td (included ) Tj ET Q q 0 0 0 rg BT 313.33 391.35 Td (legal ) Tj ET Q q 0 0 0 rg BT 330.24 391.35 Td (fees, ) Tj ET Q q 0 0 0 rg BT 347.54 391.35 Td (financial ) Tj ET Q q 0 0 0 rg BT 375.35 391.35 Td (advisor ) Tj ET Q q 0 0 0 rg BT 400.04 391.35 Td (fees, ) Tj ET Q q 0 0 0 rg BT 417.33 391.35 Td (court-appointed ) Tj ET Q q 0 0 0 rg BT 468.10 391.35 Td (monitor ) Tj ET Q q 0 0 0 rg BT 493.56 391.35 Td (fees, ) Tj ET Q q 0 0 0 rg BT 510.86 391.35 Td (interim ) Tj ET Q q 0 0 0 rg BT 533.99 391.35 Td (financing ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 68.00 382.95 Td (fees ) Tj ET Q q 0 0 0 rg BT 83.18 382.95 Td (and ) Tj ET Q q 0 0 0 rg BT 96.80 382.95 Td (includes ) Tj ET Q q 0 0 0 rg BT 124.43 382.95 Td (other ) Tj ET Q q 0 0 0 rg BT 142.33 382.95 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 183.18 382.95 Td (related ) Tj ET Q q 0 0 0 rg BT 206.52 382.95 Td (costs. ) Tj ET Q q 0 0 0 rg BT 226.62 382.95 Td (The ) Tj ET Q q 0 0 0 rg BT 240.63 382.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 272.53 382.95 Td (implemented ) Tj ET Q q 0 0 0 rg BT 314.56 382.95 Td (its ) Tj ET Q q 0 0 0 rg BT 323.50 382.95 Td (CCAA) Tj ET Q q 0 0 0 rg BT 342.56 382.95 Td ( ) Tj ET Q q 0 0 0 rg BT 344.51 382.95 Td (plan ) Tj ET Q q 0 0 0 rg BT 359.69 382.95 Td (on ) Tj ET Q q 0 0 0 rg BT 369.42 382.95 Td (June ) Tj ET Q q 0 0 0 rg BT 386.54 382.95 Td (30, ) Tj ET Q q 0 0 0 rg BT 398.22 382.95 Td (2017.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 415.73 382.95 Td ( ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.00 374.55 Td (3. ) Tj ET Q BT /F2 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.00 374.55 Td (Includes ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.02 374.55 Td (utility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.91 374.55 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.19 374.55 Td (incurred ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.43 374.55 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.77 374.55 Td (Stelco ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.17 374.55 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.28 374.55 Td (non-operating ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.42 374.55 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.05 374.55 Td (idled ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.78 374.55 Td (assets ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.96 374.55 Td (acquired ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.75 374.55 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.70 374.55 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.37 374.55 Td (Land ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.89 374.55 Td (V) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.17 374.55 Td (ehicle ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.41 374.55 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.14 374.55 Td (June ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.26 374.55 Td (5, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.05 374.55 Td (2018.) Tj ET Q BT /F2 7.00 Tf ET BT /F2 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 366.15 Td (4. ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 68.00 366.15 Td (Represents ) Tj ET Q q 0 0 0 rg BT 105.74 366.15 Td (dif) Tj ET Q q 0 0 0 rg BT 113.01 366.15 Td (ference ) Tj ET Q q 0 0 0 rg BT 138.30 366.15 Td (between ) Tj ET Q q 0 0 0 rg BT 166.71 366.15 Td (total ) Tj ET Q q 0 0 0 rg BT 181.89 366.15 Td (cash ) Tj ET Q q 0 0 0 rg BT 198.62 366.15 Td (funding ) Tj ET Q q 0 0 0 rg BT 223.53 366.15 Td (obligation ) Tj ET Q q 0 0 0 rg BT 255.44 366.15 Td (for ) Tj ET Q q 0 0 0 rg BT 265.56 366.15 Td (pensions ) Tj ET Q q 0 0 0 rg BT 295.52 366.15 Td (and ) Tj ET Q q 0 0 0 rg BT 309.14 366.15 Td (OPEBs.) Tj ET Q BT /F2 7.00 Tf ET BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.00 357.75 Td (5. ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 68.00 357.75 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 103.80 357.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 122.08 357.75 Td (related ) Tj ET Q q 0 0 0 rg BT 145.43 357.75 Td (to ) Tj ET Q q 0 0 0 rg BT 153.21 357.75 Td (the ) Tj ET Q q 0 0 0 rg BT 164.89 357.75 Td (purchase ) Tj ET Q q 0 0 0 rg BT 195.63 357.75 Td (of ) Tj ET Q q 0 0 0 rg BT 203.41 357.75 Td (Stelco ) Tj ET Q q 0 0 0 rg BT 224.81 357.75 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 238.04 357.75 Td (by ) Tj ET Q q 0 0 0 rg BT 247.38 357.75 Td (Bedrock.) Tj ET Q BT /F2 7.00 Tf ET BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.00 348.15 Td (6. ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 68.00 348.15 Td (Represents ) Tj ET Q q 0 0 0 rg BT 105.74 348.15 Td (the ) Tj ET Q q 0 0 0 rg BT 117.42 348.15 Td (gain ) Tj ET Q q 0 0 0 rg BT 132.60 348.15 Td (from ) Tj ET Q q 0 0 0 rg BT 148.54 348.15 Td (the ) Tj ET Q q 0 0 0 rg BT 160.22 348.15 Td (implementation ) Tj ET Q q 0 0 0 rg BT 209.63 348.15 Td (of ) Tj ET Q q 0 0 0 rg BT 217.41 348.15 Td (the ) Tj ET Q q 0 0 0 rg BT 229.09 348.15 Td (CCAA) Tj ET Q q 0 0 0 rg BT 248.15 348.15 Td ( ) Tj ET Q q 0 0 0 rg BT 250.10 348.15 Td (plan ) Tj ET Q q 0 0 0 rg BT 265.27 348.15 Td (on ) Tj ET Q q 0 0 0 rg BT 275.01 348.15 Td (June ) Tj ET Q q 0 0 0 rg BT 292.13 348.15 Td (30, ) Tj ET Q q 0 0 0 rg BT 303.81 348.15 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 319.38 348.15 Td (.) Tj ET Q BT /F2 8.00 Tf ET BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.00 339.75 Td (7. ) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 68.00 339.75 Td (Includes tarif) Tj ET Q q 0 0 0 rg BT 107.56 339.75 Td (f and tarif) Tj ET Q q 0 0 0 rg BT 136.62 339.75 Td (f related costs connected with U.S. bound steel shipments.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 318.33 339.75 Td ( ) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 320.55 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.51 320.55 Td (2018) Tj ET Q BT /F4 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.53 320.55 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 303.75 Td (Adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.99 303.75 Td (EBITDA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.00 303.75 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.96 303.75 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.42 303.75 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.90 303.75 Td (quarter ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.37 303.75 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.34 303.75 Td ($154 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.32 303.75 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.83 303.75 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.79 303.75 Td (compared ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.77 303.75 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.24 303.75 Td ($7 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.22 303.75 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.72 303.75 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.68 303.75 Td (for ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.15 303.75 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.12 303.75 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.14 303.75 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.10 303.75 Td (representing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.09 303.75 Td (an ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.07 303.75 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.08 303.75 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.05 303.75 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.51 303.75 Td ($147 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 536.50 303.75 Td (million) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 292.95 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.51 292.95 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.51 292.95 Td (primarily ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.01 292.95 Td (due ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.53 292.95 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.53 292.95 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.55 292.95 Td (following:) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.00 276.15 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.00 276.15 Td ($144million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.03 276.15 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.81 276.15 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.82 276.15 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.60 276.15 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.39 276.15 Td (gross ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.17 276.15 Td (profit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.96 276.15 Td (\(adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.76 276.15 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.05 276.15 Td (an ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.83 276.15 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.85 276.15 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.63 276.15 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.42 276.15 Td (depreciation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.23 276.15 Td (expense ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.03 276.15 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.32 276.15 Td ($6 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.11 276.15 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.61 276.15 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.39 276.15 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.19 276.15 Td (higher) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.21 276.15 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.98 276.15 Td (property ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.00 265.35 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.11 265.35 Td (idle ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.71 265.35 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.31 265.35 Td (included ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.42 265.35 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.02 265.35 Td (cost ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.12 265.35 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.21 265.35 Td (goods ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.32 265.35 Td (sold ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.43 265.35 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.52 265.35 Td ($3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.12 265.35 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.63 265.35 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.72 265.35 Td (partly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.32 265.35 Td (of) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.66 265.35 Td (fset ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.76 265.35 Td (by ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.86 265.35 Td (lower) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.36 265.35 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.95 265.35 Td (provision ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.56 265.35 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.16 265.35 Td (pension ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.28 265.35 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.89 265.35 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.99 265.35 Td (post-) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.00 254.55 Td (employment ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.52 254.55 Td (benefits ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.54 254.55 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.55 254.55 Td ($2 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.06 254.55 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.57 254.55 Td (\); ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.57 254.55 Td (and) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.00 237.75 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.00 237.75 Td ($4 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.91 237.75 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.42 237.75 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.32 237.75 Td (lower) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.83 237.75 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.73 237.75 Td (selling, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.65 237.75 Td (general ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.57 237.75 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.49 237.75 Td (administrative ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.92 237.75 Td (expenses ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.34 237.75 Td (\(adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.27 237.75 Td (for ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.68 237.75 Td (higher) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.69 237.75 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.60 237.75 Td (ERP) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.94 237.75 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.84 237.75 Td (implementation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.77 237.75 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.68 237.75 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.09 237.75 Td ($4 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.00 237.75 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 556.51 237.75 Td (\).) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 220.95 Td (For ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.00 220.95 Td (discussion ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.52 220.95 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.04 220.95 Td (analysis ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.05 220.95 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.06 220.95 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.57 220.95 Td (financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.09 220.95 Td (results, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.60 220.95 Td (refer ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.60 220.95 Td (to ) Tj ET Q BT /F4 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.61 220.95 Td ('Review ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.34 220.95 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.34 220.95 Td (Quarterly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.86 220.95 Td (Financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.37 220.95 Td (Results') Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.10 220.95 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.60 220.95 Td (section ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.62 220.95 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.13 220.95 Td (this ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.63 220.95 Td (MD&A. ) Tj ET Q BT /F4 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 204.15 Td (YTD ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.50 204.15 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 187.35 Td (Adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.67 187.35 Td (EBITDA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.68 187.35 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.32 187.35 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.47 187.35 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.62 187.35 Td (period ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.28 187.35 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.93 187.35 Td ($399 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.60 187.35 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.10 187.35 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.75 187.35 Td (compared ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.41 187.35 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.56 187.35 Td ($147 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.23 187.35 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.73 187.35 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.38 187.35 Td (during ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.04 187.35 Td (2017 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.70 187.35 Td (representing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.38 187.35 Td (an ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.03 187.35 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.05 187.35 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.69 187.35 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.84 187.35 Td ($252 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 536.51 187.35 Td (million) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 176.55 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.51 176.55 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.51 176.55 Td (mainly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.02 176.55 Td (due ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.53 176.55 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.54 176.55 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.55 176.55 Td (following: ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 68.00 158.55 Td ( ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.00 158.55 Td ($252million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.03 158.55 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.68 158.55 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.70 158.55 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.35 158.55 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.00 158.55 Td (gross ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.66 158.55 Td (profit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.32 158.55 Td (\(adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.99 158.55 Td (for ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.15 158.55 Td (lower) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.65 158.55 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.30 158.55 Td (provision ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.97 158.55 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.63 158.55 Td (pension ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.81 158.55 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.48 158.55 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.64 158.55 Td (post-employment ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.32 158.55 Td (benefits ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.49 158.55 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.00 147.75 Td ($26million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.02 147.75 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.27 147.75 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.53 147.75 Td (a ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.78 147.75 Td (decrease) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.81 147.75 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.05 147.75 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.80 147.75 Td (separation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.08 147.75 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.33 147.75 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.10 147.75 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.85 147.75 Td (USS ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.60 147.75 Td (support ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.87 147.75 Td (services ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.12 147.75 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.87 147.75 Td ($3million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.89 147.75 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.64 147.75 Td (partly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.89 147.75 Td (of) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.24 147.75 Td (fset ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.99 147.75 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.74 147.75 Td (an ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.00 147.75 Td (increase) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.00 136.95 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.69 136.95 Td (depreciation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.40 136.95 Td (expense ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.11 136.95 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.29 136.95 Td ($9million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.31 136.95 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.99 136.95 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.69 136.95 Td (higher) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.70 136.95 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.38 136.95 Td (property ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.08 136.95 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.28 136.95 Td (idle ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.97 136.95 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.66 136.95 Td (included ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.86 136.95 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.55 136.95 Td (cost ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.73 136.95 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.92 136.95 Td (goods ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.12 136.95 Td (sold ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.31 136.95 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.50 136.95 Td ($3million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 556.51 136.95 Td (\); ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.00 126.15 Td (and) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.00 109.35 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.00 109.35 Td ($4million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.02 109.35 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.25 109.35 Td (lower) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.76 109.35 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.99 109.35 Td (selling, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.24 109.35 Td (general ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.49 109.35 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.74 109.35 Td (administrative ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.50 109.35 Td (expenses ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.26 109.35 Td (\(adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.51 109.35 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.25 109.35 Td (acquisition ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.01 109.35 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.76 109.35 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.00 109.35 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.74 109.35 Td ($18million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 543.76 109.35 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 546.99 109.35 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.00 98.55 Td (lower) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.51 98.55 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.01 98.55 Td (ERP) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.35 98.55 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.85 98.55 Td (implementation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.38 98.55 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.89 98.55 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.90 98.55 Td ($3million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.91 98.55 Td (\); ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.91 98.55 Td (partly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.42 98.55 Td (of) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.76 98.55 Td (fset ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.77 98.55 Td (by) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.00 81.75 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.00 81.75 Td ($3million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.02 81.75 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.52 81.75 Td (decrease) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.54 81.75 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.04 81.75 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.55 81.75 Td (finance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.07 81.75 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.59 81.75 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.60 81.75 Td (income ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.11 81.75 Td (\(adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.64 81.75 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.64 81.75 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.15 81.75 Td (loss ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.65 81.75 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.15 81.75 Td (commodity-based ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.68 81.75 Td (swaps ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.69 81.75 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.70 81.75 Td ($10million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 532.72 81.75 Td (\)) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 64.95 Td (Included ) Tj ET Q q 0 0 0 rg BT 86.24 64.95 Td (in ) Tj ET Q q 0 0 0 rg BT 95.01 64.95 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 132.24 64.95 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 164.25 64.95 Td ( ) Tj ET Q q 0 0 0 rg BT 166.46 64.95 Td (for ) Tj ET Q q 0 0 0 rg BT 179.17 64.95 Td (the ) Tj ET Q q 0 0 0 rg BT 193.89 64.95 Td (period ) Tj ET Q q 0 0 0 rg BT 221.12 64.95 Td (is ) Tj ET Q q 0 0 0 rg BT 229.83 64.95 Td (the ) Tj ET Q q 0 0 0 rg BT 244.55 64.95 Td (impact ) Tj ET Q q 0 0 0 rg BT 273.26 64.95 Td (of ) Tj ET Q q 0 0 0 rg BT 282.98 64.95 Td (a ) Tj ET Q q 0 0 0 rg BT 290.19 64.95 Td ($6 ) Tj ET Q q 0 0 0 rg BT 302.41 64.95 Td (million ) Tj ET Q q 0 0 0 rg BT 330.13 64.95 Td (inventory ) Tj ET Q q 0 0 0 rg BT 368.85 64.95 Td (revaluation ) Tj ET Q q 0 0 0 rg BT 415.09 64.95 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 461.32 64.95 Td (which ) Tj ET Q q 0 0 0 rg BT 486.54 64.95 Td (relates ) Tj ET Q q 0 0 0 rg BT 515.76 64.95 Td (to ) Tj ET Q q 0 0 0 rg BT 525.48 64.95 Td (inventory ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 54.15 Td (costs ) Tj ET Q q 0 0 0 rg BT 73.43 54.15 Td (included ) Tj ET Q q 0 0 0 rg BT 109.39 54.15 Td (in ) Tj ET Q q 0 0 0 rg BT 118.82 54.15 Td (cost ) Tj ET Q q 0 0 0 rg BT 137.76 54.15 Td (of ) Tj ET Q q 0 0 0 rg BT 147.69 54.15 Td (goods ) Tj ET Q q 0 0 0 rg BT 174.64 54.15 Td (sold ) Tj ET Q q 0 0 0 rg BT 193.58 54.15 Td (that ) Tj ET Q q 0 0 0 rg BT 211.02 54.15 Td (had ) Tj ET Q q 0 0 0 rg BT 228.46 54.15 Td (been ) Tj ET Q q 0 0 0 rg BT 250.91 54.15 Td (recorded ) Tj ET Q q 0 0 0 rg BT 288.86 54.15 Td (in ) Tj ET Q q 0 0 0 rg BT 298.29 54.15 Td (a ) Tj ET Q q 0 0 0 rg BT 305.73 54.15 Td (period ) Tj ET Q q 0 0 0 rg BT 333.17 54.15 Td (prior ) Tj ET Q q 0 0 0 rg BT 353.61 54.15 Td (to ) Tj ET Q q 0 0 0 rg BT 363.54 54.15 Td (2018. ) Tj ET Q q 0 0 0 rg BT 388.33 54.15 Td (The ) Tj ET Q q 0 0 0 rg BT 406.27 54.15 Td (impact ) Tj ET Q q 0 0 0 rg BT 435.21 54.15 Td (of ) Tj ET Q q 0 0 0 rg BT 445.14 54.15 Td (this ) Tj ET Q q 0 0 0 rg BT 461.57 54.15 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 508.03 54.15 Td (increased ) Tj ET Q q 0 0 0 rg BT 549.48 54.15 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 43.35 Td (carrying ) Tj ET Q q 0 0 0 rg BT 84.51 43.35 Td (value ) Tj ET Q q 0 0 0 rg BT 108.53 43.35 Td (of ) Tj ET Q q 0 0 0 rg BT 118.53 43.35 Td (the ) Tj ET Q q 0 0 0 rg BT 133.54 43.35 Td (Company) Tj ET Q q 0 0 0 rg BT 173.90 43.35 Td (s ) Tj ET Q q 0 0 0 rg BT 180.90 43.35 Td (inventory ) Tj ET Q q 0 0 0 rg BT 219.92 43.35 Td (with ) Tj ET Q q 0 0 0 rg BT 238.42 43.35 Td (a ) Tj ET Q q 0 0 0 rg BT 245.93 43.35 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 305.47 43.35 Td (decrease ) Tj ET Q q 0 0 0 rg BT 344.99 43.35 Td (to ) Tj ET Q q 0 0 0 rg BT 355.00 43.35 Td (cost ) Tj ET Q q 0 0 0 rg BT 374.00 43.35 Td (of ) Tj ET Q q 0 0 0 rg BT 384.01 43.35 Td (goods ) Tj ET Q q 0 0 0 rg BT 411.03 43.35 Td (sold ) Tj ET Q q 0 0 0 rg BT 430.04 43.35 Td (in ) Tj ET Q q 0 0 0 rg BT 439.55 43.35 Td (the ) Tj ET Q q 0 0 0 rg BT 454.56 43.35 Td (period.) Tj ET Q endstream endobj 31 0 obj <> endobj 32 0 obj <> stream BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 771.50 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 214.60 771.50 Td (AND ) Tj ET Q q 0 0 0 rg BT 241.08 771.50 Td (ANAL) Tj ET Q q 0 0 0 rg BT 270.62 771.50 Td (YSIS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.40 24.25 Td (14) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 749.45 Td (For ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.00 749.45 Td (discussion ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.52 749.45 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.04 749.45 Td (analysis ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.05 749.45 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.06 749.45 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.57 749.45 Td (financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.09 749.45 Td (results, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.60 749.45 Td (refer ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.60 749.45 Td (to ) Tj ET Q BT /F4 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.61 749.45 Td ('Review ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.34 749.45 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.34 749.45 Td (Quarterly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.86 749.45 Td (Financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.37 749.45 Td (Results') Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.10 749.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.60 749.45 Td (section ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.62 749.45 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.13 749.45 Td (this ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.63 749.45 Td (MD&A. ) Tj ET Q BT /F3 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 732.65 Td (Other Non-IFRS Measures ) Tj ET Q BT /F5 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 715.85 Td (Selling price per net ton) Tj ET Q BT /F4 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 699.05 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.51 699.05 Td (2018) Tj ET Q BT /F4 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.53 699.05 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 682.25 Td (Selling ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.57 682.25 Td (price ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.62 682.25 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.18 682.25 Td (nt ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.24 682.25 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.25 682.25 Td (d ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.81 682.25 Td (by ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.86 682.25 Td ($187) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.88 682.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.43 682.25 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.99 682.25 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.05 682.25 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.60 682.25 Td (24%) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.61 682.25 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.66 682.25 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.21 682.25 Td ($793) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.23 682.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.78 682.25 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.34 682.25 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.39 682.25 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.95 682.25 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.50 682.25 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.52 682.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.07 682.25 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.13 682.25 Td ($980) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.15 682.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.70 682.25 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.26 682.25 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.31 682.25 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.87 682.25 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.42 682.25 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.44 682.25 Td (. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.33 682.25 Td (The ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.38 682.25 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 537.40 682.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.95 682.25 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.51 682.25 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 671.45 Td (selling ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.53 671.45 Td (price ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.04 671.45 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.06 671.45 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.58 671.45 Td (was ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.59 671.45 Td (due ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.62 671.45 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.14 671.45 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.15 671.45 Td (general ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.19 671.45 Td (improvement ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.22 671.45 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.73 671.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.26 671.45 Td (market ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.77 671.45 Td (price ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.29 671.45 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.81 671.45 Td (steel. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.33 671.45 Td (Our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.34 671.45 Td (shipping ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.88 671.45 Td (volumes ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.40 671.45 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.42 671.45 Td (d ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.44 671.45 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.95 671.45 Td (586 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.98 671.45 Td (thousand) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 660.65 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.97 660.65 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 69.43 660.65 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.90 660.65 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.92 660.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.38 660.65 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.84 660.65 Td (41) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.18 660.65 Td (1 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.65 660.65 Td (thousand) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.68 660.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.14 660.65 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.10 660.65 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.57 660.65 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.04 660.65 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.06 660.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.52 660.65 Td (primarily ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.98 660.65 Td (due ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.45 660.65 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.42 660.65 Td (higher ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.90 660.65 Td (hot-rolled ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.88 660.65 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.35 660.65 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.33 660.65 Td (coil ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.29 660.65 Td (sales ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.76 660.65 Td (during ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.24 660.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.21 660.65 Td (period. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.03 660.65 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.00 660.65 Td (sales ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 649.85 Td (product ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.04 649.85 Td (mix ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.06 649.85 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.58 649.85 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.61 649.85 Td (hot-rolled ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.16 649.85 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.19 649.85 Td (coated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.24 649.85 Td (products ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.78 649.85 Td (represented ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.83 649.85 Td (approximately ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.88 649.85 Td (76%) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.90 649.85 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.92 649.85 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.96 649.85 Td (14%) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.97 649.85 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.49 649.85 Td (respectively) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.34 649.85 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.86 649.85 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.39 649.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.92 649.85 Td (total ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.96 649.85 Td (sales ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 532.99 649.85 Td (volume ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 639.05 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.51 639.05 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.01 639.05 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.03 639.05 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.03 639.05 Td (whereas ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.55 639.05 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.56 639.05 Td (same ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.07 639.05 Td (period ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.59 639.05 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.10 639.05 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.12 639.05 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.62 639.05 Td (was ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.12 639.05 Td (approximately ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.65 639.05 Td (73%) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.66 639.05 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.16 639.05 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.68 639.05 Td (19%) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.69 639.05 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.19 639.05 Td (respectively) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.04 639.05 Td (.) Tj ET Q BT /F4 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 622.25 Td (YTD ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.50 622.25 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 605.45 Td (Selling ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.64 605.45 Td (price ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.77 605.45 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.41 605.45 Td (nt ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.54 605.45 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.56 605.45 Td (d ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.19 605.45 Td (by ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.32 605.45 Td ($86) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.33 605.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.96 605.45 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.59 605.45 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.72 605.45 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.35 605.45 Td (1) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.69 605.45 Td (1%) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.69 605.45 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 257.82 605.45 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.45 605.45 Td ($794) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.47 605.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.09 605.45 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.72 605.45 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.86 605.45 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.49 605.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.62 605.45 Td (first ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.74 605.45 Td (nine) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.76 605.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.38 605.45 Td (months ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.52 605.45 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.65 605.45 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.68 605.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.30 605.45 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.43 605.45 Td ($880) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.45 605.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.08 605.45 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.71 605.45 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.84 605.45 Td (during ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.48 605.45 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 559.51 605.45 Td (. ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 594.65 Td (The ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.38 594.65 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.39 594.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.26 594.65 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.14 594.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.52 594.65 Td (selling ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.90 594.65 Td (price ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.27 594.65 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.15 594.65 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.52 594.65 Td (was ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.40 594.65 Td (due ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.28 594.65 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.65 594.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.03 594.65 Td (same ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.91 594.65 Td (factors ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.79 594.65 Td (described ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.68 594.65 Td (above. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.57 594.65 Td (Our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.44 594.65 Td (shipping ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.83 594.65 Td (volumes ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.21 594.65 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.23 594.65 Td (d ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.11 594.65 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.48 594.65 Td (1,947 ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 583.85 Td (thousand) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.03 583.85 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.74 583.85 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.95 583.85 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.66 583.85 Td (2018 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.39 583.85 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.09 583.85 Td (1,41) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.94 583.85 Td (1 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.65 583.85 Td (thousand) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.69 583.85 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.39 583.85 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.60 583.85 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.31 583.85 Td (2017 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.04 583.85 Td (primarily ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.75 583.85 Td (due ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.47 583.85 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.68 583.85 Td (higher ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.40 583.85 Td (hot-rolled ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.63 583.85 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.35 583.85 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.57 583.85 Td (coil ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.78 583.85 Td (sales ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.50 583.85 Td (during ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.22 583.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.44 583.85 Td (period. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 546.48 583.85 Td (The ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 573.05 Td (sales ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 73.48 573.05 Td (product ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.96 573.05 Td (mix ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.42 573.05 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.39 573.05 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.87 573.05 Td (hot-rolled ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.85 573.05 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.34 573.05 Td (coated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.83 573.05 Td (products ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.81 573.05 Td (represented ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.31 573.05 Td (approximately ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.80 573.05 Td (78%) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.81 573.05 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.28 573.05 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.76 573.05 Td (13%) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.78 573.05 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.74 573.05 Td (respectively) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.59 573.05 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.56 573.05 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.53 573.05 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.51 573.05 Td (total ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 540.99 573.05 Td (sales ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 562.25 Td (volume ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.51 562.25 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.02 562.25 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.03 562.25 Td (first ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.03 562.25 Td (nine) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.04 562.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.54 562.25 Td (months ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.56 562.25 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.56 562.25 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.59 562.25 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.59 562.25 Td (whereas ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.11 562.25 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.12 562.25 Td (same ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.63 562.25 Td (period ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.14 562.25 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.65 562.25 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.67 562.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.17 562.25 Td (was ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.68 562.25 Td (approximately ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.20 562.25 Td (71%) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.22 562.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.72 562.25 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.23 562.25 Td (21%) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.25 562.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.75 562.25 Td (respectively) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.60 562.25 Td (.) Tj ET Q BT /F5 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 545.45 Td (Adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.00 545.45 Td (EBITDA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.17 545.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.67 545.45 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.17 545.45 Td (net ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.17 545.45 Td (ton) Tj ET Q BT /F4 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 528.65 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.51 528.65 Td (2018) Tj ET Q BT /F4 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.53 528.65 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 511.85 Td (Adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.26 511.85 Td (EBITDA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.27 511.85 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.51 511.85 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.76 511.85 Td (nt ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.50 511.85 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.52 511.85 Td (d ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.77 511.85 Td (by ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.51 511.85 Td ($246) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.53 511.85 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.77 511.85 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.02 511.85 Td (nt, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.27 511.85 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.50 511.85 Td ($17) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.52 511.85 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.76 511.85 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.01 511.85 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.75 511.85 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.00 511.85 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.24 511.85 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.26 511.85 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.50 511.85 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.25 511.85 Td ($263) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.27 511.85 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.51 511.85 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.76 511.85 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.50 511.85 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.74 511.85 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.99 511.85 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.01 511.85 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.75 511.85 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.50 511.85 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.74 511.85 Td (result ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.99 511.85 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.73 511.85 Td (an) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.74 511.85 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.98 511.85 Td (increase) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 501.05 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.51 501.05 Td (Adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.03 501.05 Td (EBITDA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.04 501.05 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.54 501.05 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.55 501.05 Td ($147 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.07 501.05 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.58 501.05 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.58 501.05 Td (partly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.09 501.05 Td (of) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.43 501.05 Td (fset ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.44 501.05 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.44 501.05 Td (increase ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.96 501.05 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.97 501.05 Td (175 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.49 501.05 Td (thousand) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.52 501.05 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.02 501.05 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.03 501.05 Td (increase ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.54 501.05 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.05 501.05 Td (shipping ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.08 501.05 Td (volumes.) Tj ET Q BT /F4 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 484.25 Td (YTD ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.50 484.25 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 467.45 Td (Adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.72 467.45 Td (EBITDA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.73 467.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.42 467.45 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.12 467.45 Td (nt ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.32 467.45 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.34 467.45 Td (d ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.04 467.45 Td (by ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.24 467.45 Td ($101) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.26 467.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.95 467.45 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.65 467.45 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.85 467.45 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.55 467.45 Td (97%) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.56 467.45 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.75 467.45 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.45 467.45 Td ($104) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.47 467.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.16 467.45 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.86 467.45 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.06 467.45 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.76 467.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.97 467.45 Td (first ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.16 467.45 Td (nine) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.17 467.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.87 467.45 Td (months ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.07 467.45 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.27 467.45 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.29 467.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.99 467.45 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.19 467.45 Td ($205) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.21 467.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.90 467.45 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.60 467.45 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.80 467.45 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.50 467.45 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 456.65 Td (same ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.00 456.65 Td (period ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.01 456.65 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.51 456.65 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.53 456.65 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.02 456.65 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.52 456.65 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.51 456.65 Td (result ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.51 456.65 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.01 456.65 Td (an) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.02 456.65 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.01 456.65 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.03 456.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.02 456.65 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.12 456.65 Td (Adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.14 456.65 Td (EBITDA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.15 456.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.14 456.65 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.63 456.65 Td ($252 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.65 456.65 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.15 456.65 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.64 456.65 Td (partly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.64 456.65 Td (of) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.99 456.65 Td (fset ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.48 456.65 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.98 456.65 Td (an ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.98 456.65 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.00 456.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.99 456.65 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.99 456.65 Td (shipping ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.51 456.65 Td (volumes ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 445.85 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.01 445.85 Td (536 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.52 445.85 Td (thousand) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.56 445.85 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.06 445.85 Td (nt.) Tj ET Q BT /F5 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 429.05 Td (Shipping V) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.66 429.05 Td (olume) Tj ET Q BT /F4 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 412.25 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.51 412.25 Td (2018) Tj ET Q BT /F4 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.53 412.25 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 395.45 Td (Shipping ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.64 395.45 Td (volume ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.26 395.45 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.27 395.45 Td (d ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.89 395.45 Td (175 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.51 395.45 Td (thousand) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.54 395.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.15 395.45 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.26 395.45 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.87 395.45 Td (43%) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.88 395.45 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.99 395.45 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.60 395.45 Td (41) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.94 395.45 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.95 395.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.55 395.45 Td (thousand ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.19 395.45 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.31 395.45 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.92 395.45 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.53 395.45 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.55 395.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.16 395.45 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.27 395.45 Td (586 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.89 395.45 Td (thousand) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.93 395.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.53 395.45 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.65 395.45 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.26 395.45 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.87 395.45 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.89 395.45 Td (. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.00 395.45 Td (Hot-rolled ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 384.65 Td (coil ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.04 384.65 Td (shipments ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.59 384.65 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.61 384.65 Td (d ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.15 384.65 Td (49%) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.16 384.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.69 384.65 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.23 384.65 Td (299 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.78 384.65 Td (thousand) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.81 384.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.34 384.65 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.38 384.65 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.92 384.65 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.46 384.65 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.48 384.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.02 384.65 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.06 384.65 Td (446 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.61 384.65 Td (thousand) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.64 384.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.17 384.65 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.21 384.65 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.75 384.65 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.29 384.65 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.31 384.65 Td (. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.35 384.65 Td (Coated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.90 384.65 Td (shipments ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.45 384.65 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.47 384.65 Td (d ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.01 384.65 Td (5%) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 373.85 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.70 373.85 Td (78 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.42 373.85 Td (thousand) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.45 373.85 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.16 373.85 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.37 373.85 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.08 373.85 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.79 373.85 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.81 373.85 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.51 373.85 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.72 373.85 Td (82 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.44 373.85 Td (thousand) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.47 373.85 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.18 373.85 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.39 373.85 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.10 373.85 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.81 373.85 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.83 373.85 Td (. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.03 373.85 Td (Cold-rolled ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.26 373.85 Td (coil ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.47 373.85 Td (shipments ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.19 373.85 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.21 373.85 Td (d ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.92 373.85 Td (58%) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.93 373.85 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.64 373.85 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.34 373.85 Td (12 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.06 373.85 Td (thousand) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.09 373.85 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.79 373.85 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 555.00 373.85 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 363.05 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.02 363.05 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.04 363.05 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.05 363.05 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.56 363.05 Td (19 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.58 363.05 Td (thousand) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.62 363.05 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.63 363.05 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.14 363.05 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.16 363.05 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.17 363.05 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.19 363.05 Td (. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.70 363.05 Td (Other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.22 363.05 Td (shipments ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.25 363.05 Td (\(including ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.78 363.05 Td (non-prime ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.31 363.05 Td (coils\) ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.32 363.05 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.34 363.05 Td (d ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.35 363.05 Td (77%) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.37 363.05 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.38 363.05 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.39 363.05 Td (22 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.41 363.05 Td (thousand) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.44 363.05 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.45 363.05 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.97 363.05 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.98 363.05 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.00 363.05 Td (2017) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 352.25 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.01 352.25 Td (39 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.52 352.25 Td (thousand) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.55 352.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.05 352.25 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.06 352.25 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.56 352.25 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.07 352.25 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.09 352.25 Td (. ) Tj ET Q BT /F4 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 335.45 Td (YTD ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.50 335.45 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 318.65 Td (Shipping ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.62 318.65 Td (volume ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.23 318.65 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.25 318.65 Td (d ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.84 318.65 Td (536 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.45 318.65 Td (thousand) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.49 318.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.08 318.65 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.18 318.65 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.77 318.65 Td (38%) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.79 318.65 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.88 318.65 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.48 318.65 Td (1.4 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.58 318.65 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.09 318.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.68 318.65 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.78 318.65 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.38 318.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.48 318.65 Td (first ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.57 318.65 Td (nine) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.59 318.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.18 318.65 Td (months ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.29 318.65 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.31 318.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.90 318.65 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.00 318.65 Td (1.9 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.11 318.65 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.61 318.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.20 318.65 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.30 318.65 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.90 318.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 540.01 318.65 Td (same ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 307.85 Td (period ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.36 307.85 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.21 307.85 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.23 307.85 Td (. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.07 307.85 Td (Hot-rolled ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.43 307.85 Td (coil ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.28 307.85 Td (shipments ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.64 307.85 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.66 307.85 Td (d ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.01 307.85 Td (53%) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.02 307.85 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.36 307.85 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.71 307.85 Td (998 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.06 307.85 Td (thousand) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.10 307.85 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.44 307.85 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.29 307.85 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.64 307.85 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.66 307.85 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.00 307.85 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.85 307.85 Td (1.5 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.70 307.85 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.21 307.85 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.55 307.85 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.40 307.85 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.75 307.85 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.77 307.85 Td (. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.61 307.85 Td (Coated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.98 307.85 Td (shipments ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 297.05 Td (decrease) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.02 297.05 Td (d ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.25 297.05 Td (14%) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.27 297.05 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.49 297.05 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.71 297.05 Td (302 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.95 297.05 Td (thousand) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.98 297.05 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.21 297.05 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.94 297.05 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.16 297.05 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.19 297.05 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.41 297.05 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.14 297.05 Td (259 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.38 297.05 Td (thousand) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.41 297.05 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.63 297.05 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.36 297.05 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.59 297.05 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.32 297.05 Td (same ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.56 297.05 Td (period ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.80 297.05 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.53 297.05 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.55 297.05 Td (. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.27 297.05 Td (Cold-rolled ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.01 297.05 Td (coil ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.74 297.05 Td (shipments ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.98 297.05 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 557.00 297.05 Td (d ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 286.25 Td (56%) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.01 286.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.22 286.25 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.44 286.25 Td (43 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.66 286.25 Td (thousand) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.69 286.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.90 286.25 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.62 286.25 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.83 286.25 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.85 286.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.07 286.25 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.78 286.25 Td (67 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.00 286.25 Td (thousand) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.04 286.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.25 286.25 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.96 286.25 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.18 286.25 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.20 286.25 Td (. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.91 286.25 Td (Other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.63 286.25 Td (shipments ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.86 286.25 Td (\(including ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.60 286.25 Td (non-prime ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.32 286.25 Td (coils\) ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.54 286.25 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.55 286.25 Td (d ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.77 286.25 Td (38%) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 540.78 286.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.00 286.25 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 275.45 Td (68thousand) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.54 275.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.04 275.45 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.05 275.45 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.56 275.45 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.58 275.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.08 275.45 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.08 275.45 Td (94 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.60 275.45 Td (thousand) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.63 275.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.13 275.45 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.14 275.45 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.64 275.45 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.66 275.45 Td (. ) Tj ET Q endstream endobj 33 0 obj <> endobj 34 0 obj <> stream BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 771.50 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 214.60 771.50 Td (AND ) Tj ET Q q 0 0 0 rg BT 241.08 771.50 Td (ANAL) Tj ET Q q 0 0 0 rg BT 270.62 771.50 Td (YSIS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.40 24.25 Td (15) Tj ET Q BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 748.00 Td (Review of ) Tj ET Q BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 104.40 748.00 Td (Balance Sheets) Tj ET Q BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.72 748.00 Td ( ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 731.20 Td (The following table provides selected balance sheet information as indicated:) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 692.7 m 376.5 692.7 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 376.5 692.7 m 469.5 692.7 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 469.5 692.7 m 562.5 692.7 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 549.7 m 376.5 549.7 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 376.5 549.7 m 469.5 549.7 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 469.5 549.7 m 562.5 549.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 535.7 m 376.5 535.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 535.7 m 469.5 535.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 535.7 m 562.5 535.7 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 711.10 Td (\(millions of Canadian dollars\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 697.10 Td (As at) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 381.95 697.10 Td (September 30, 2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.95 697.10 Td (December 31, 2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 683.10 Td (Cash and cash equivalents) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 379.00 683.10 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 450.95 683.10 Td (168) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.00 683.10 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.95 683.10 Td (45) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 669.10 Td (T) Tj ET Q q 0 0 0 rg BT 58.33 669.10 Td (rade and other receivables) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 450.95 669.10 Td (182) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 669.10 Td (203) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 655.10 Td (Inventories) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 450.95 655.10 Td (470) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 655.10 Td (448) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 641.10 Td (Property) Tj ET Q q 0 0 0 rg BT 86.68 641.10 Td (, plant and equipment) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 450.95 641.10 Td (432) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 641.10 Td (305) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 622.10 Td (T) Tj ET Q q 0 0 0 rg BT 58.16 622.10 Td (otal assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 379.00 622.10 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 443.45 622.10 Td (1,281) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.00 622.10 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.45 622.10 Td (1,035) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 602.10 Td (T) Tj ET Q q 0 0 0 rg BT 58.33 602.10 Td (rade and other payables) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 450.95 602.10 Td (323) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 602.10 Td (310) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 588.10 Td (Other liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 455.95 588.10 Td (48) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.95 588.10 Td (67) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 574.10 Td (Obligations to independent employee trusts) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 450.95 574.10 Td (601) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 574.10 Td (344) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 554.10 Td (T) Tj ET Q q 0 0 0 rg BT 58.16 554.10 Td (otal liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 379.00 554.10 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 450.95 554.10 Td (980) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.00 554.10 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 554.10 Td (726) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 540.10 Td (T) Tj ET Q q 0 0 0 rg BT 57.83 540.10 Td (otal equity) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 379.00 540.10 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 450.95 540.10 Td (301) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.00 540.10 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 540.10 Td (309) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 519.40 Td (As ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 62.62 519.40 Td (reflected ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.26 519.40 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.39 519.40 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.02 519.40 Td (selected ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.66 519.40 Td (balance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.31 519.40 Td (sheet ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.45 519.40 Td (information ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.09 519.40 Td (above ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.73 519.40 Td (between ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.88 519.40 Td (December ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.51 519.40 Td (31, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.15 519.40 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.17 519.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.29 519.40 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.42 519.40 Td (September ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.57 519.40 Td (30, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.20 519.40 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.22 519.40 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.84 519.40 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.48 519.40 Td (Company ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 508.60 Td (increased) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.02 508.60 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.81 508.60 Td (trade ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.11 508.60 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.92 508.60 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.22 508.60 Td (payables ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.03 508.60 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.82 508.60 Td ($310 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.63 508.60 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.13 508.60 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.92 508.60 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.21 508.60 Td ($323 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.02 508.60 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.53 508.60 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.32 508.60 Td (\(an ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.11 508.60 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.13 508.60 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.92 508.60 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.21 508.60 Td ($13 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.02 508.60 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.52 508.60 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.31 508.60 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.10 508.60 Td (4%) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.11 508.60 Td (\), ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.39 508.60 Td (reduced) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.92 508.60 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.70 508.60 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.00 508.60 Td (liabilities ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 497.80 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.79 497.80 Td ($67 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.59 497.80 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.09 497.80 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.88 497.80 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.17 497.80 Td ($48 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.97 497.80 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.48 497.80 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.26 497.80 Td (\() Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.26 497.80 Td (a) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.26 497.80 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.05 497.80 Td (reduction) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.07 497.80 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.86 497.80 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.15 497.80 Td ($19 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.95 497.80 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.46 497.80 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.24 497.80 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.03 497.80 Td (28%) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.04 497.80 Td (\), ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.32 497.80 Td (increased) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.35 497.80 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.13 497.80 Td (total ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.93 497.80 Td (liabilities ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.73 497.80 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.51 497.80 Td ($726 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.32 497.80 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.83 497.80 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.61 497.80 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.90 497.80 Td ($980 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.71 497.80 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 546.21 497.80 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.00 497.80 Td (\(an ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 487.00 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.02 487.00 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.52 487.00 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.52 487.00 Td ($254 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.05 487.00 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.55 487.00 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.05 487.00 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.56 487.00 Td (35%) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.57 487.00 Td (\), ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.57 487.00 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.08 487.00 Td (reduced) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.61 487.00 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.11 487.00 Td (total ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.62 487.00 Td (equity ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.14 487.00 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.64 487.00 Td ($309 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.16 487.00 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.67 487.00 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.17 487.00 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.17 487.00 Td ($301 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.69 487.00 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.20 487.00 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.70 487.00 Td (\() Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.70 487.00 Td (a) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.70 487.00 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.20 487.00 Td (reduction) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.23 487.00 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.73 487.00 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.73 487.00 Td ($8 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.25 487.00 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.75 487.00 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.25 487.00 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.75 487.00 Td (3%) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 537.76 487.00 Td (\).) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 470.20 Td (Our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.73 470.20 Td (inventory ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.97 470.20 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.99 470.20 Td (d ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.72 470.20 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.45 470.20 Td ($448 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.19 470.20 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.70 470.20 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.42 470.20 Td (at ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.65 470.20 Td (December ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.89 470.20 Td (31, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.13 470.20 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.15 470.20 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.88 470.20 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.11 470.20 Td ($470 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.85 470.20 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.36 470.20 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.09 470.20 Td (at ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.32 470.20 Td (September ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.07 470.20 Td (30, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.30 470.20 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.32 470.20 Td (, ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.55 470.20 Td (primarily ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.27 470.20 Td (due ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.02 470.20 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.25 470.20 Td (an ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.98 470.20 Td (increase ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 459.40 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.17 459.40 Td (raw ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.83 459.40 Td (material ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.01 459.40 Td (levels ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.18 459.40 Td (resulting ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.36 459.40 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.53 459.40 Td (receipts ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.20 459.40 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.87 459.40 Td (coal ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.55 459.40 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.73 459.40 Td (iron ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.90 459.40 Td (ore ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.07 459.40 Td (during ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.25 459.40 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.92 459.40 Td (period, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.61 459.40 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.79 459.40 Td (lower ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.46 459.40 Td (consumption ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.65 459.40 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.32 459.40 Td (materials ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 536.99 459.40 Td (during ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 448.60 Td (September ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.60 448.60 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.19 448.60 Td (connection ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.30 448.60 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.88 448.60 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.47 448.60 Td (planned ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.08 448.60 Td (hot-strip ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.17 448.60 Td (mill ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.24 448.60 Td (outage. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 304.85 448.60 Td (Partly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.43 448.60 Td (of) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.77 448.60 Td (fsetting ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.37 448.60 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.96 448.60 Td (raw ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.04 448.60 Td (material ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.63 448.60 Td (increase ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.22 448.60 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.81 448.60 Td (inventory ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.90 448.60 Td (during ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.50 448.60 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 437.80 Td (period ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.52 437.80 Td (were ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.53 437.80 Td (sales ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.04 437.80 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.55 437.80 Td (shipments ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.07 437.80 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.08 437.80 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.59 437.80 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.11 437.80 Td (non-steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.63 437.80 Td (products.) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 421.00 Td (During ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.97 421.00 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.94 421.00 Td (first ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.90 421.00 Td (nine) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.91 421.00 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.37 421.00 Td (months ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.35 421.00 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.31 421.00 Td (2018, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.29 421.00 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.26 421.00 Td (Company ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.24 421.00 Td (received ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.72 421.00 Td (net ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 304.69 421.00 Td (proceeds ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.17 421.00 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.13 421.00 Td (approximately ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.62 421.00 Td ($38 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.09 421.00 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.60 421.00 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.06 421.00 Td (drawn ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.03 421.00 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.51 421.00 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.48 421.00 Td (inventory ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 410.20 Td (monetization ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.33 410.20 Td (arrangement. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.15 410.20 Td (Changes ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.47 410.20 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.78 410.20 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.58 410.20 Td (carrying ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.89 410.20 Td (amounts ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.71 410.20 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.01 410.20 Td (primarily ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.31 410.20 Td (repayments ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.62 410.20 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.44 410.20 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.24 410.20 Td (receipts ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.05 410.20 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.36 410.20 Td (consumption ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 537.69 410.20 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 547.49 410.20 Td (raw ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 399.40 Td (materials ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.81 399.40 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.63 399.40 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.44 399.40 Td (Company ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.27 399.40 Td (monetized ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.09 399.40 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.42 399.40 Td (this ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.73 399.40 Td (arrangement. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.11 399.40 Td (As ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.91 399.40 Td (at ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.72 399.40 Td (September ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.05 399.40 Td (30, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.87 399.40 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.89 399.40 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.70 399.40 Td (amounts ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.52 399.40 Td (drawn ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.34 399.40 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.66 399.40 Td (this ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.97 399.40 Td (arrangement ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 388.60 Td (had ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.52 388.60 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.02 388.60 Td (carrying ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.53 388.60 Td (value ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.55 388.60 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.56 388.60 Td ($160 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.08 388.60 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.58 388.60 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.08 388.60 Td (compared ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.60 388.60 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.61 388.60 Td ($121 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.13 388.60 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.64 388.60 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.14 388.60 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.15 388.60 Td (at ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.15 388.60 Td (December ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.17 388.60 Td (31, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.18 388.60 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.20 388.60 Td (.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 371.80 Td (The ) Tj ET Q q 0 0 0 rg BT 67.23 371.80 Td (obligations ) Tj ET Q q 0 0 0 rg BT 111.98 371.80 Td (to ) Tj ET Q q 0 0 0 rg BT 121.20 371.80 Td (independent ) Tj ET Q q 0 0 0 rg BT 172.46 371.80 Td (employee ) Tj ET Q q 0 0 0 rg BT 213.21 371.80 Td (trusts ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 236.93 371.80 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 270.95 371.80 Td (d ) Tj ET Q q 0 0 0 rg BT 277.67 371.80 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 297.39 371.80 Td ($344million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 345.41 371.80 Td ( ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.13 371.80 Td (at ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.36 371.80 Td (December ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.59 371.80 Td (31, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.82 371.80 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.84 371.80 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.56 371.80 Td (to ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 444.78 371.80 Td ($601 ) Tj ET Q q 0 0 0 rg BT 466.52 371.80 Td (million) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.03 371.80 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.74 371.80 Td (at ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.97 371.80 Td (September30, ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 361.00 Td (2018) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 70.02 361.00 Td ( ) Tj ET Q q 0 0 0 rg BT 72.94 361.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 109.86 361.00 Td (due ) Tj ET Q q 0 0 0 rg BT 127.80 361.00 Td (a ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 135.72 361.00 Td ($144 ) Tj ET Q q 0 0 0 rg BT 158.66 361.00 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 184.17 361.00 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 187.09 361.00 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 221.11 361.00 Td ( ) Tj ET Q q 0 0 0 rg BT 224.02 361.00 Td (in ) Tj ET Q q 0 0 0 rg BT 233.95 361.00 Td (the ) Tj ET Q q 0 0 0 rg BT 249.38 361.00 Td (employee ) Tj ET Q q 0 0 0 rg BT 291.32 361.00 Td (benefit ) Tj ET Q q 0 0 0 rg BT 321.26 361.00 Td (commitment ) Tj ET Q q 0 0 0 rg BT 373.19 361.00 Td (and ) Tj ET Q q 0 0 0 rg BT 391.13 361.00 Td (a ) Tj ET Q q 0 0 0 rg BT 399.05 361.00 Td (new ) Tj ET Q q 0 0 0 rg BT 418.48 361.00 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 459.42 361.00 Td (payable ) Tj ET Q q 0 0 0 rg BT 493.87 361.00 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 504.29 361.00 Td ($1) Tj ET Q q 0 0 0 rg BT 513.64 361.00 Td (14 ) Tj ET Q q 0 0 0 rg BT 526.57 361.00 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 552.07 361.00 Td ( ) Tj ET Q q 0 0 0 rg BT 554.99 361.00 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 350.20 Td (connection ) Tj ET Q q 0 0 0 rg BT 95.84 350.20 Td (to ) Tj ET Q q 0 0 0 rg BT 105.66 350.20 Td (the ) Tj ET Q q 0 0 0 rg BT 120.48 350.20 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 165.32 350.20 Td (of ) Tj ET Q q 0 0 0 rg BT 175.13 350.20 Td (the ) Tj ET Q q 0 0 0 rg BT 189.95 350.20 Td (Lands. ) Tj ET Q q 0 0 0 rg BT 219.13 350.20 Td (The ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 236.95 350.20 Td (increase) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 270.97 350.20 Td ( ) Tj ET Q q 0 0 0 rg BT 273.28 350.20 Td (in ) Tj ET Q q 0 0 0 rg BT 282.60 350.20 Td (the ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.42 350.20 Td (employee) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 336.44 350.20 Td ( ) Tj ET Q q 0 0 0 rg BT 338.75 350.20 Td (benefit ) Tj ET Q q 0 0 0 rg BT 368.08 350.20 Td (commitment ) Tj ET Q q 0 0 0 rg BT 419.40 350.20 Td (is ) Tj ET Q q 0 0 0 rg BT 428.21 350.20 Td (primarily ) Tj ET Q q 0 0 0 rg BT 464.52 350.20 Td (due ) Tj ET Q q 0 0 0 rg BT 481.85 350.20 Td (to ) Tj ET Q q 0 0 0 rg BT 491.66 350.20 Td (a ) Tj ET Q q 0 0 0 rg BT 498.98 350.20 Td (remeasurement ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 339.40 Td (charge ) Tj ET Q q 0 0 0 rg BT 80.18 339.40 Td (of ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.35 339.40 Td ($157 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.03 339.40 Td (million) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 138.54 339.40 Td ( ) Tj ET Q q 0 0 0 rg BT 141.20 339.40 Td (recorded ) Tj ET Q q 0 0 0 rg BT 179.38 339.40 Td (in ) Tj ET Q q 0 0 0 rg BT 189.05 339.40 Td (finance ) Tj ET Q q 0 0 0 rg BT 220.73 339.40 Td (costs ) Tj ET Q q 0 0 0 rg BT 244.40 339.40 Td (for ) Tj ET Q q 0 0 0 rg BT 257.56 339.40 Td (the ) Tj ET Q q 0 0 0 rg BT 272.74 339.40 Td (period ) Tj ET Q q 0 0 0 rg BT 300.42 339.40 Td (in ) Tj ET Q q 0 0 0 rg BT 310.08 339.40 Td (connection ) Tj ET Q q 0 0 0 rg BT 356.28 339.40 Td (with ) Tj ET Q q 0 0 0 rg BT 374.94 339.40 Td (the ) Tj ET Q q 0 0 0 rg BT 390.11 339.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 431.29 339.40 Td (entering ) Tj ET Q q 0 0 0 rg BT 466.48 339.40 Td (into ) Tj ET Q q 0 0 0 rg BT 483.65 339.40 Td (an ) Tj ET Q q 0 0 0 rg BT 495.80 339.40 Td (Amended ) Tj ET Q q 0 0 0 rg BT 536.98 339.40 Td (OPEB ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 328.60 Td (Funding ) Tj ET Q q 0 0 0 rg BT 86.07 328.60 Td (Agreement. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 136.73 328.60 Td (The ) Tj ET Q q 0 0 0 rg BT 155.78 328.60 Td (Amended ) Tj ET Q q 0 0 0 rg BT 198.73 328.60 Td (OPEB ) Tj ET Q q 0 0 0 rg BT 228.16 328.60 Td (Funding ) Tj ET Q q 0 0 0 rg BT 264.23 328.60 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 312.68 328.60 Td (reduced ) Tj ET Q q 0 0 0 rg BT 349.63 328.60 Td (the ) Tj ET Q q 0 0 0 rg BT 366.56 328.60 Td (Company's ) Tj ET Q q 0 0 0 rg BT 415.72 328.60 Td (exposure ) Tj ET Q q 0 0 0 rg BT 457.17 328.60 Td (to ) Tj ET Q q 0 0 0 rg BT 469.09 328.60 Td (future ) Tj ET Q q 0 0 0 rg BT 496.53 328.60 Td (variable ) Tj ET Q q 0 0 0 rg BT 532.47 328.60 Td (funding ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 317.80 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 106.75 317.80 Td (and ) Tj ET Q q 0 0 0 rg BT 123.50 317.80 Td (provided ) Tj ET Q q 0 0 0 rg BT 159.75 317.80 Td (the ) Tj ET Q q 0 0 0 rg BT 173.98 317.80 Td (OPEB ) Tj ET Q q 0 0 0 rg BT 200.72 317.80 Td (trusts ) Tj ET Q q 0 0 0 rg BT 224.45 317.80 Td (with ) Tj ET Q q 0 0 0 rg BT 242.19 317.80 Td (an ) Tj ET Q q 0 0 0 rg BT 253.92 317.80 Td (increased ) Tj ET Q q 0 0 0 rg BT 294.67 317.80 Td (fixed ) Tj ET Q q 0 0 0 rg BT 315.41 317.80 Td (funding ) Tj ET Q q 0 0 0 rg BT 346.67 317.80 Td (commitment ) Tj ET Q q 0 0 0 rg BT 397.40 317.80 Td (over ) Tj ET Q q 0 0 0 rg BT 416.64 317.80 Td (a ) Tj ET Q q 0 0 0 rg BT 423.37 317.80 Td (25 ) Tj ET Q q 0 0 0 rg BT 435.11 317.80 Td (year ) Tj ET Q q 0 0 0 rg BT 454.34 317.80 Td (term. ) Tj ET Q q 0 0 0 rg BT 476.57 317.80 Td (Refer ) Tj ET Q q 0 0 0 rg BT 500.31 317.80 Td (to ) Tj ET Q q 0 0 0 rg BT 509.54 317.80 Td (the ) Tj ET Q q 0 0 0 rg BT 523.78 317.80 Td (') Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 525.50 317.80 Td (Business ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 50.00 307.00 Td (Overview) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 87.51 307.00 Td (' ) Tj ET Q q 0 0 0 rg BT 91.73 307.00 Td (and ) Tj ET Q q 0 0 0 rg BT 109.24 307.00 Td (') Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 110.96 307.00 Td (Review ) Tj ET Q q 0 0 0 rg BT 142.97 307.00 Td (of ) Tj ET Q q 0 0 0 rg BT 152.98 307.00 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 192.49 307.00 Td (Financial ) Tj ET Q q 0 0 0 rg BT 231.01 307.00 Td (Results ) Tj ET Q q 0 0 0 rg BT 263.52 307.00 Td (- ) Tj ET Q q 0 0 0 rg BT 269.01 307.00 Td (Finance ) Tj ET Q q 0 0 0 rg BT 303.53 307.00 Td (Costs) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 326.54 307.00 Td (' ) Tj ET Q q 0 0 0 rg BT 330.76 307.00 Td (sections ) Tj ET Q q 0 0 0 rg BT 366.27 307.00 Td (in ) Tj ET Q q 0 0 0 rg BT 375.78 307.00 Td (this ) Tj ET Q q 0 0 0 rg BT 392.29 307.00 Td (MD&A) Tj ET Q q 0 0 0 rg BT 417.79 307.00 Td ( ) Tj ET Q q 0 0 0 rg BT 420.29 307.00 Td (for ) Tj ET Q q 0 0 0 rg BT 433.30 307.00 Td (further ) Tj ET Q q 0 0 0 rg BT 461.81 307.00 Td (details.) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 290.20 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 58.33 290.20 Td (e ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.18 290.20 Td (expect ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.55 290.20 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.40 290.20 Td (cashflow ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.26 290.20 Td (fro) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 159.77 290.20 Td (m ) Tj ET Q q 0 0 0 rg BT 170.11 290.20 Td (operations ) Tj ET Q q 0 0 0 rg BT 214.98 290.20 Td (to ) Tj ET Q q 0 0 0 rg BT 225.34 290.20 Td (be ) Tj ET Q q 0 0 0 rg BT 238.19 290.20 Td (favourably ) Tj ET Q q 0 0 0 rg BT 282.56 290.20 Td (impacted ) Tj ET Q q 0 0 0 rg BT 321.93 290.20 Td (in ) Tj ET Q q 0 0 0 rg BT 331.78 290.20 Td (the ) Tj ET Q q 0 0 0 rg BT 347.14 290.20 Td (short ) Tj ET Q q 0 0 0 rg BT 369.99 290.20 Td (to ) Tj ET Q q 0 0 0 rg BT 380.34 290.20 Td (medium ) Tj ET Q q 0 0 0 rg BT 415.20 290.20 Td (term ) Tj ET Q q 0 0 0 rg BT 436.04 290.20 Td (due ) Tj ET Q q 0 0 0 rg BT 453.91 290.20 Td (to ) Tj ET Q q 0 0 0 rg BT 464.26 290.20 Td (substantial ) Tj ET Q q 0 0 0 rg BT 510.13 290.20 Td (tax ) Tj ET Q q 0 0 0 rg BT 524.98 290.20 Td (attributes ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 279.40 Td (which, ) Tj ET Q q 0 0 0 rg BT 78.34 279.40 Td (as ) Tj ET Q q 0 0 0 rg BT 90.67 279.40 Td (at ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 101.01 279.40 Td (September ) Tj ET Q q 0 0 0 rg BT 147.86 279.40 Td (30, ) Tj ET Q q 0 0 0 rg BT 163.20 279.40 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 183.22 279.40 Td (, ) Tj ET Q q 0 0 0 rg BT 188.55 279.40 Td (can ) Tj ET Q q 0 0 0 rg BT 205.89 279.40 Td (shield ) Tj ET Q q 0 0 0 rg BT 232.24 279.40 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 263.08 279.40 Td (income ) Tj ET Q q 0 0 0 rg BT 294.92 279.40 Td (of ) Tj ET Q q 0 0 0 rg BT 305.25 279.40 Td (approximately ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 364.11 279.40 Td ($876 ) Tj ET Q q 0 0 0 rg BT 386.96 279.40 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 412.47 279.40 Td ( ) Tj ET Q q 0 0 0 rg BT 415.29 279.40 Td (\(or ) Tj ET Q q 0 0 0 rg BT 429.12 279.40 Td (approximately ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 487.98 279.40 Td ($220 ) Tj ET Q q 0 0 0 rg BT 510.83 279.40 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.33 279.40 Td ( ) Tj ET Q q 0 0 0 rg BT 539.16 279.40 Td (on ) Tj ET Q q 0 0 0 rg BT 552.00 279.40 Td (an ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 268.60 Td (after ) Tj ET Q q 0 0 0 rg BT 70.26 268.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 84.51 268.60 Td (basis\) ) Tj ET Q q 0 0 0 rg BT 110.76 268.60 Td (from ) Tj ET Q q 0 0 0 rg BT 131.01 268.60 Td (taxation. ) Tj ET Q q 0 0 0 rg BT 167.13 268.60 Td (These ) Tj ET Q q 0 0 0 rg BT 194.39 268.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 208.64 268.60 Td (attributes ) Tj ET Q q 0 0 0 rg BT 247.91 268.60 Td (consist ) Tj ET Q q 0 0 0 rg BT 278.17 268.60 Td (of ) Tj ET Q q 0 0 0 rg BT 287.92 268.60 Td (non-capital ) Tj ET Q q 0 0 0 rg BT 334.20 268.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 352.45 268.60 Td (carry ) Tj ET Q q 0 0 0 rg BT 374.69 268.60 Td (forwards ) Tj ET Q q 0 0 0 rg BT 411.45 268.60 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.20 268.60 Td ($481 ) Tj ET Q q 0 0 0 rg BT 443.47 268.60 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 468.98 268.60 Td ( ) Tj ET Q q 0 0 0 rg BT 471.22 268.60 Td (\() Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.22 268.60 Td ($121 ) Tj ET Q q 0 0 0 rg BT 496.49 268.60 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 521.99 268.60 Td ( ) Tj ET Q q 0 0 0 rg BT 524.24 268.60 Td (after ) Tj ET Q q 0 0 0 rg BT 544.50 268.60 Td (tax\), ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 257.80 Td (undepreciated ) Tj ET Q q 0 0 0 rg BT 110.97 257.80 Td (capital ) Tj ET Q q 0 0 0 rg BT 140.91 257.80 Td (cost ) Tj ET Q q 0 0 0 rg BT 161.33 257.80 Td (deductions ) Tj ET Q q 0 0 0 rg BT 208.79 257.80 Td (\(UCC\) ) Tj ET Q q 0 0 0 rg BT 238.20 257.80 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 249.63 257.80 Td ($359 ) Tj ET Q q 0 0 0 rg BT 273.58 257.80 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 299.08 257.80 Td ( ) Tj ET Q q 0 0 0 rg BT 303.00 257.80 Td (\() Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 306.00 257.80 Td ($90 ) Tj ET Q q 0 0 0 rg BT 324.94 257.80 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 350.45 257.80 Td ( ) Tj ET Q q 0 0 0 rg BT 354.37 257.80 Td (after ) Tj ET Q q 0 0 0 rg BT 376.30 257.80 Td (tax\) ) Tj ET Q q 0 0 0 rg BT 395.22 257.80 Td (and ) Tj ET Q q 0 0 0 rg BT 414.16 257.80 Td (scientific ) Tj ET Q q 0 0 0 rg BT 452.60 257.80 Td (research ) Tj ET Q q 0 0 0 rg BT 491.53 257.80 Td (and ) Tj ET Q q 0 0 0 rg BT 510.47 257.80 Td (experimental ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 247.00 Td (development ) Tj ET Q q 0 0 0 rg BT 103.97 247.00 Td (\(SRED\)deductions ) Tj ET Q q 0 0 0 rg BT 183.43 247.00 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 193.36 247.00 Td ($36 ) Tj ET Q q 0 0 0 rg BT 210.81 247.00 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 236.32 247.00 Td ( ) Tj ET Q q 0 0 0 rg BT 238.75 247.00 Td (\() Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 241.74 247.00 Td ($9 ) Tj ET Q q 0 0 0 rg BT 254.19 247.00 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 279.69 247.00 Td ( ) Tj ET Q q 0 0 0 rg BT 282.12 247.00 Td (after ) Tj ET Q q 0 0 0 rg BT 302.56 247.00 Td (tax\), ) Tj ET Q q 0 0 0 rg BT 322.50 247.00 Td (which ) Tj ET Q q 0 0 0 rg BT 347.94 247.00 Td (are ) Tj ET Q q 0 0 0 rg BT 363.38 247.00 Td (expected ) Tj ET Q q 0 0 0 rg BT 402.33 247.00 Td (to ) Tj ET Q q 0 0 0 rg BT 412.27 247.00 Td (reduce ) Tj ET Q q 0 0 0 rg BT 442.22 247.00 Td (the ) Tj ET Q q 0 0 0 rg BT 457.16 247.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 489.61 247.00 Td (of ) Tj ET Q q 0 0 0 rg BT 499.55 247.00 Td (taxes ) Tj ET Q q 0 0 0 rg BT 523.49 247.00 Td (otherwise ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 236.20 Td (payable ) Tj ET Q q 0 0 0 rg BT 84.03 236.20 Td (by ) Tj ET Q q 0 0 0 rg BT 96.04 236.20 Td (Stelco ) Tj ET Q q 0 0 0 rg BT 123.55 236.20 Td (and ) Tj ET Q q 0 0 0 rg BT 141.07 236.20 Td (form ) Tj ET Q q 0 0 0 rg BT 161.57 236.20 Td (part ) Tj ET Q q 0 0 0 rg BT 179.58 236.20 Td (of ) Tj ET Q q 0 0 0 rg BT 189.59 236.20 Td (future ) Tj ET Q q 0 0 0 rg BT 215.11 236.20 Td (deposits ) Tj ET Q q 0 0 0 rg BT 251.13 236.20 Td (into ) Tj ET Q q 0 0 0 rg BT 268.14 236.20 Td (the ) Tj ET Q q 0 0 0 rg BT 283.15 236.20 Td (ELHT) Tj ET Q q 0 0 0 rg BT 305.16 236.20 Td (s.Refer ) Tj ET Q q 0 0 0 rg BT 339.17 236.20 Td (to ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 349.18 236.20 Td ('Commitments ) Tj ET Q q 0 0 0 rg BT 408.91 236.20 Td (and ) Tj ET Q q 0 0 0 rg BT 426.43 236.20 Td (Contingencies ) Tj ET Q q 0 0 0 rg BT 485.97 236.20 Td (- ) Tj ET Q q 0 0 0 rg BT 491.46 236.20 Td (Employee ) Tj ET Q q 0 0 0 rg BT 533.99 236.20 Td (Benefit ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 50.00 225.40 Td (Commitments') Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 107.23 225.40 Td ( ) Tj ET Q q 0 0 0 rg BT 109.73 225.40 Td (section ) Tj ET Q q 0 0 0 rg BT 140.74 225.40 Td (in ) Tj ET Q q 0 0 0 rg BT 150.25 225.40 Td (this ) Tj ET Q q 0 0 0 rg BT 166.75 225.40 Td (MD&A) Tj ET Q q 0 0 0 rg BT 192.26 225.40 Td ( ) Tj ET Q q 0 0 0 rg BT 194.76 225.40 Td (for ) Tj ET Q q 0 0 0 rg BT 207.76 225.40 Td (further ) Tj ET Q q 0 0 0 rg BT 236.28 225.40 Td (details. ) Tj ET Q BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 206.20 Td (Review of ) Tj ET Q BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 104.40 206.20 Td (Cash Flows) Tj ET Q BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.53 206.20 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 189.40 Td (The following section provides an overview analysis of cash flows for the respective periods as indicated:) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 143.89999999999998 m 500.5 143.89999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 500.5 143.89999999999998 m 562.5 143.89999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 143.89999999999998 m 438.5 143.89999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 143.89999999999998 m 500.5 143.89999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 73.89999999999998 m 438.5 73.89999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 438.5 73.89999999999998 m 500.5 73.89999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 500.5 73.89999999999998 m 562.5 73.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 59.89999999999998 m 438.5 59.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 59.89999999999998 m 500.5 59.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 59.89999999999998 m 562.5 59.89999999999998 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 460.95 169.85 Td (Nine months ended) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.45 160.85 Td (September 30,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 148.30 Td (\(millions of Canadian dollars\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 476.95 148.30 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 538.95 148.30 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 134.30 Td (Cash and cash equivalents, beginning of period) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 441.00 134.30 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 486.95 134.30 Td (45) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 503.00 134.30 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 134.30 Td (188) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 120.30 Td (Cash provided by \(used in\):) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 106.30 Td (Operating activities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 481.95 106.30 Td (289) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 540.95 106.30 Td (\(105) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 559.00 106.30 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 92.30 Td (Investing activities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 483.95 92.30 Td (\(52) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 497.00 92.30 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.95 92.30 Td (\(32) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 559.00 92.30 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 78.30 Td (Financing activities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 478.95 78.30 Td (\(1) Tj ET Q q 0 0 0 rg BT 486.95 78.30 Td (14) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 497.00 78.30 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.95 78.30 Td (\(29) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 559.00 78.30 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 64.30 Td (Cash and cash equivalents, end of period) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 441.00 64.30 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 481.95 64.30 Td (168) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 503.00 64.30 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.95 64.30 Td (22) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 35 0 obj <> endobj 36 0 obj <> stream BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 771.50 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 214.60 771.50 Td (AND ) Tj ET Q q 0 0 0 rg BT 241.08 771.50 Td (ANAL) Tj ET Q q 0 0 0 rg BT 270.62 771.50 Td (YSIS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.40 24.25 Td (16) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 749.45 Td (Cash ) Tj ET Q BT /F4 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 73.51 749.45 Td (provided by) Tj ET Q BT /F4 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.04 749.45 Td ( Operating ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.23 749.45 Td (Activities) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 732.65 Td (For ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.34 732.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.68 732.65 Td (first ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.02 732.65 Td (nine ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.87 732.65 Td (months ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.22 732.65 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.56 732.65 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.58 732.65 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.92 732.65 Td (cash ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.77 732.65 Td (provided ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.13 732.65 Td (by) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.63 732.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.47 732.65 Td (operating ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.84 732.65 Td (activities ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.18 732.65 Td (totaled ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.04 732.65 Td ($289 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.90 732.65 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.40 732.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.24 732.65 Td (compared ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.10 732.65 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.44 732.65 Td (cash ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.29 732.65 Td (used ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.64 732.65 Td (in) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.65 732.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.48 732.65 Td (operating ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 721.85 Td (activities ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.38 721.85 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.75 721.85 Td ($105 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.64 721.85 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.14 721.85 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.01 721.85 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.38 721.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.76 721.85 Td (same ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.63 721.85 Td (period ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.52 721.85 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.89 721.85 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.91 721.85 Td (. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.28 721.85 Td (Cash ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.16 721.85 Td (provided ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.55 721.85 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.92 721.85 Td (operating ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.31 721.85 Td (activities ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.69 721.85 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.06 721.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.44 721.85 Td (2018 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.33 721.85 Td (period ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.21 721.85 Td (benefited ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.11 721.85 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 536.98 721.85 Td (higher) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 562.00 721.85 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 711.05 Td (gross ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 76.07 711.05 Td (profit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.14 711.05 Td (due ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.22 711.05 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.79 711.05 Td (increased ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.88 711.05 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.95 711.05 Td (prices ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.02 711.05 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.10 711.05 Td (shipping ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.69 711.05 Td (volumes ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.26 711.05 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.34 711.05 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.92 711.05 Td (impact ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.49 711.05 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.06 711.05 Td (working ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.13 711.05 Td (capital, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.71 711.05 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.77 711.05 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.35 711.05 Td (timing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.42 711.05 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.99 711.05 Td (cash ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 700.25 Td (disbursements ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.03 700.25 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.54 700.25 Td (receipts ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.56 700.25 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.56 700.25 Td (inventory ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.58 700.25 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.60 700.25 Td (items ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.60 700.25 Td (compared ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.13 700.25 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.13 700.25 Td (December ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.15 700.25 Td (31, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.16 700.25 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.18 700.25 Td (.) Tj ET Q BT /F4 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 683.45 Td (Cash ) Tj ET Q BT /F4 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 73.51 683.45 Td (used ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.53 683.45 Td (in) Tj ET Q BT /F4 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.53 683.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.03 683.45 Td (Investing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.22 683.45 Td (Activities) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 666.65 Td (YTD ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.42 666.65 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.44 666.65 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.36 666.65 Td (cash ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.79 666.65 Td (used ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.73 666.65 Td (in) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.73 666.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.15 666.65 Td (investing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.09 666.65 Td (activities ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.02 666.65 Td (totaled ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.47 666.65 Td ($52 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.90 666.65 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.41 666.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.83 666.65 Td (compared ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.27 666.65 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.19 666.65 Td ($32 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.63 666.65 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.14 666.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.56 666.65 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.48 666.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.41 666.65 Td (same ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.84 666.65 Td (period ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.28 666.65 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.70 666.65 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.72 666.65 Td (. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.64 666.65 Td (Cash ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.07 666.65 Td (used ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 555.01 666.65 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 655.85 Td (investing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.95 655.85 Td (activities ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.90 655.85 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.83 655.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.77 655.85 Td (2018 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.23 655.85 Td (period ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.68 655.85 Td (included ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.64 655.85 Td (capital ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.08 655.85 Td (expenditures ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.05 655.85 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.99 655.85 Td ($55 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.44 655.85 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.94 655.85 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.37 655.85 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.33 655.85 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.26 655.85 Td (normative ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.21 655.85 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.66 655.85 Td (growth ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.10 655.85 Td (projects ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.05 655.85 Td (at ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.99 655.85 Td (our ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 645.05 Td (blast ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.61 645.05 Td (furnace, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.73 645.05 Td (hot ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.84 645.05 Td (strip ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.45 645.05 Td (mill ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.54 645.05 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.16 645.05 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.27 645.05 Td (capital ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.89 645.05 Td (assets ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.50 645.05 Td (relating ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.62 645.05 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.73 645.05 Td (operations. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.86 645.05 Td (Partly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.46 645.05 Td (of) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.81 645.05 Td (fsetting ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.42 645.05 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.03 645.05 Td (cash ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.64 645.05 Td (used ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.76 645.05 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.86 645.05 Td (capital ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.48 645.05 Td (expenditures ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 634.25 Td (during ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.77 634.25 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.03 634.25 Td (period, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.30 634.25 Td (was ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.05 634.25 Td (a ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.81 634.25 Td ($3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.57 634.25 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.07 634.25 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.82 634.25 Td (decrease) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.85 634.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.59 634.25 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.35 634.25 Td (restricted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.11 634.25 Td (cash ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.87 634.25 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.62 634.25 Td (connection ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.91 634.25 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.66 634.25 Td (funds ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 401.43 634.25 Td (held ) Tj ET Q q 0 0 0 rg BT 421.19 634.25 Td (by ) Tj ET Q q 0 0 0 rg BT 433.45 634.25 Td (the ) Tj ET Q q 0 0 0 rg BT 448.71 634.25 Td (monitor ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.47 634.25 Td (a) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 486.47 634.25 Td (s ) Tj ET Q q 0 0 0 rg BT 493.72 634.25 Td (part ) Tj ET Q q 0 0 0 rg BT 511.98 634.25 Td (of ) Tj ET Q q 0 0 0 rg BT 522.23 634.25 Td (the ) Tj ET Q q 0 0 0 rg BT 537.50 634.25 Td (CCAA) Tj ET Q q 0 0 0 rg BT 562.00 634.25 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 623.45 Td (proceedings.) Tj ET Q BT /F4 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 606.65 Td (Cash ) Tj ET Q BT /F4 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 73.51 606.65 Td (used ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.53 606.65 Td (in) Tj ET Q BT /F4 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.53 606.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.03 606.65 Td (Financing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.22 606.65 Td (Activities) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 589.85 Td (For ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.62 589.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.24 589.85 Td (first ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.86 589.85 Td (nine) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.87 589.85 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.99 589.85 Td (months ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.62 589.85 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.24 589.85 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.26 589.85 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.88 589.85 Td (cash ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.00 589.85 Td (used ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.63 589.85 Td (in) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.64 589.85 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.75 589.85 Td (financing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.90 589.85 Td (activities ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.52 589.85 Td (totaled ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.66 589.85 Td ($1) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.00 589.85 Td (14 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.13 589.85 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.64 589.85 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.75 589.85 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.88 589.85 Td (includes ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.01 589.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.64 589.85 Td (net ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.27 589.85 Td (ef) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.61 589.85 Td (fect ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.23 589.85 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.85 589.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.48 589.85 Td (following: ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 579.05 Td (return ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.97 579.05 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.93 579.05 Td (capital ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.40 579.05 Td (payment ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.38 579.05 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.34 579.05 Td (Stelco ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.82 579.05 Td (Holdings ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.29 579.05 Td (Inc. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.26 579.05 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.22 579.05 Td ($150 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.70 579.05 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.21 579.05 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.16 579.05 Td (inventory ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.14 579.05 Td (monetization ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.63 579.05 Td (arrangement ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.11 579.05 Td (net ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.08 579.05 Td (proceeds ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.56 579.05 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.53 579.05 Td ($38 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.00 579.05 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 559.51 579.05 Td (; ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 568.25 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.52 568.25 Td (asset-based ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.05 568.25 Td (lending ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.57 568.25 Td (facility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.08 568.25 Td (draws ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.59 568.25 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.10 568.25 Td (repayments ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.63 568.25 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.63 568.25 Td ($52million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.65 568.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.15 568.25 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.67 568.25 Td ($53 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.19 568.25 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.69 568.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.19 568.25 Td (respectively) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.04 568.25 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.04 568.25 Td (during ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.56 568.25 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.58 568.25 Td (period.) Tj ET Q BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 549.05 Td (Results of Operations) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 532.25 Td (Stelco ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.16 532.25 Td (continues ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.82 532.25 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.47 532.25 Td (experience ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.64 532.25 Td (improving ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.80 532.25 Td (market ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.44 532.25 Td (conditions ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.11 532.25 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.27 532.25 Td (favourable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.44 532.25 Td (pricing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.10 532.25 Td (trends ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.25 532.25 Td (across ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.90 532.25 Td (its ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.04 532.25 Td (key ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.19 532.25 Td (products. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.35 532.25 Td (Steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.00 532.25 Td (prices ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 521.45 Td (continued ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.29 521.45 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.06 521.45 Td (increase ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.34 521.45 Td (during ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.62 521.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.39 521.45 Td (first ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.15 521.45 Td (nine ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.43 521.45 Td (months ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.20 521.45 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.97 521.45 Td (2018 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.25 521.45 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.53 521.45 Td (remain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.30 521.45 Td (influenced ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.59 521.45 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.36 521.45 Td (overall ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.13 521.45 Td (international ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.43 521.45 Td (demand, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.71 521.45 Td (trade ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.49 521.45 Td (sanctions, ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 510.65 Td (iron ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.51 510.65 Td (ore ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.02 510.65 Td (prices, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.02 510.65 Td (scrap ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.53 510.65 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.04 510.65 Td (prices ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.55 510.65 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.07 510.65 Td (product ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.59 510.65 Td (availability) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.44 510.65 Td (. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.44 510.65 Td (V) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.95 510.65 Td (olatile ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.96 510.65 Td (metal ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.47 510.65 Td (prices ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.98 510.65 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.48 510.65 Td (cause ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.00 510.65 Td (fluctuations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.03 510.65 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.53 510.65 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.04 510.65 Td (financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.56 510.65 Td (results.) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 493.85 Td (During ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.78 493.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.57 493.85 Td (first ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.34 493.85 Td (quarter ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.13 493.85 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.90 493.85 Td (2018, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.70 493.85 Td (Stelco ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.98 493.85 Td (was ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.26 493.85 Td (impacted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.05 493.85 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.83 493.85 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.10 493.85 Td (truck ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.88 493.85 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.17 493.85 Td (driver ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.94 493.85 Td (shortage ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.24 493.85 Td (across ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.02 493.85 Td (North ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.85 493.85 Td (America ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.13 493.85 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.41 493.85 Td (resulted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.70 493.85 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 536.98 493.85 Td (higher ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 483.05 Td (transportation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.73 483.05 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.44 483.05 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.65 483.05 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.86 483.05 Td (Company ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.08 483.05 Td (during ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.80 483.05 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.01 483.05 Td (period. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.23 483.05 Td (In ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.44 483.05 Td (addition, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.17 483.05 Td (winter ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.88 483.05 Td (weather ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.60 483.05 Td (conditions ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.83 483.05 Td (made ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.04 483.05 Td (certain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.75 483.05 Td (shipping ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 532.98 483.05 Td (options ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 472.25 Td (impractical ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.03 472.25 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.55 472.25 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.07 472.25 Td (first ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.59 472.25 Td (three ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.12 472.25 Td (months ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.65 472.25 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.17 472.25 Td (2018. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.11 472.25 Td (As ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.63 472.25 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.66 472.25 Td (result, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.18 472.25 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.20 472.25 Td (order ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.23 472.25 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.75 472.25 Td (support ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.79 472.25 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.81 472.25 Td (current ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.84 472.25 Td (production ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.89 472.25 Td (levels ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.92 472.25 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.95 472.25 Td (higher ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.98 472.25 Td (customer ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 461.45 Td (orders, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.41 461.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.31 461.45 Td (Company ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.23 461.45 Td (expanded ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.16 461.45 Td (its ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.56 461.45 Td (distribution ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.47 461.45 Td (capabilities ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.40 461.45 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.30 461.45 Td (adding ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.72 461.45 Td (approximately ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.14 461.45 Td (220 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.55 461.45 Td (rail ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.95 461.45 Td (cars ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.35 461.45 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.25 461.45 Td (its ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.64 461.45 Td (transportation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.07 461.45 Td (fleet ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.48 461.45 Td (through ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 450.65 Td (leasing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.71 450.65 Td (arrangements. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.80 450.65 Td (These ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.00 450.65 Td (rail ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.20 450.65 Td (cars ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.39 450.65 Td (were ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.10 450.65 Td (mostly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.29 450.65 Td (received ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.50 450.65 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 304.71 450.65 Td (entered ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.43 450.65 Td (into ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.14 450.65 Td (service ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.84 450.65 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.04 450.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.74 450.65 Td (second ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.96 450.65 Td (quarter ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.67 450.65 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.37 450.65 Td (2018, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.08 450.65 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.29 450.65 Td (during ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.50 450.65 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 439.85 Td (third ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.20 439.85 Td (quarter ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.40 439.85 Td (we've ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.82 439.85 Td (added ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.53 439.85 Td (another ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.75 439.85 Td (160 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.45 439.85 Td (rail ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.14 439.85 Td (cars ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.83 439.85 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.03 439.85 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.72 439.85 Td (transportation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.44 439.85 Td (fleet. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.64 439.85 Td (Each ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.85 439.85 Td (rail ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.54 439.85 Td (car ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.73 439.85 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.91 439.85 Td (capable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.13 439.85 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.32 439.85 Td (carrying ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.02 439.85 Td (up ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.72 439.85 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.92 439.85 Td (90 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.61 439.85 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 532.81 439.85 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 543.00 439.85 Td (steel ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 429.05 Td (compared ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.13 429.05 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.74 429.05 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.36 429.05 Td (typical ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.97 429.05 Td (freight ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.09 429.05 Td (truck ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.70 429.05 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.82 429.05 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.42 429.05 Td (capable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.05 429.05 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.67 429.05 Td (carrying ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.78 429.05 Td (up ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.90 429.05 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.51 429.05 Td (30-60 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.63 429.05 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.25 429.05 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.86 429.05 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.98 429.05 Td (depending ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.12 429.05 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.24 429.05 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.86 429.05 Td (jurisdiction ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.48 429.05 Td (traveled. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 564.50 429.05 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 418.25 Td (Furthermore, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.50 418.25 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.49 418.25 Td (have ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.49 418.25 Td (increased ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.00 418.25 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.50 418.25 Td (shipping ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.51 418.25 Td (capacity ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.01 418.25 Td (through ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.02 418.25 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.51 418.25 Td (LEW ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.50 418.25 Td (dock ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.00 418.25 Td (enhancement ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.02 418.25 Td (project ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.52 418.25 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.02 418.25 Td (was ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.51 418.25 Td (completed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 535.52 418.25 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 545.01 418.25 Td (May ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 407.45 Td (2018. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.05 407.45 Td (Barges ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.10 407.45 Td (loaded ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.66 407.45 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.19 407.45 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.73 407.45 Td (LEW ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.76 407.45 Td (dock ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.30 407.45 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.84 407.45 Td (typically ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.38 407.45 Td (capable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.44 407.45 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.48 407.45 Td (carrying ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.02 407.45 Td (between ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.58 407.45 Td (8 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.12 407.45 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.15 407.45 Td (12 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.69 407.45 Td (thousand ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.26 407.45 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.30 407.45 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.33 407.45 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.87 407.45 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.42 407.45 Td (vessels ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.96 407.45 Td (up ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.51 407.45 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 396.65 Td (20 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 62.56 396.65 Td (thousand ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.14 396.65 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.20 396.65 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.25 396.65 Td (steel. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.15 396.65 Td (These ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.71 396.65 Td (shipping ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.79 396.65 Td (enhancements ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.38 396.65 Td (contributed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.45 396.65 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.01 396.65 Td (reducing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.08 396.65 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.64 396.65 Td (inventory ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.71 396.65 Td (backlog ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.28 396.65 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.83 396.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.89 396.65 Td (first ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.93 396.65 Td (quarter) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.95 396.65 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.00 396.65 Td (which ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 385.85 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.18 385.85 Td (combination ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.88 385.85 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.05 385.85 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.23 385.85 Td (recent ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.42 385.85 Td (hot ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.10 385.85 Td (strip ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.28 385.85 Td (mill ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.94 385.85 Td (outage ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.64 385.85 Td (\(discussed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.83 385.85 Td (further ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.02 385.85 Td (below\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.70 385.85 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.89 385.85 Td (consistent ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.58 385.85 Td (market ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.26 385.85 Td (demand ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.96 385.85 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.63 385.85 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.81 385.85 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.99 385.85 Td (products, ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 375.05 Td (reduced ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.18 375.05 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.85 375.05 Td (estimated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.52 375.05 Td (delivery ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.19 375.05 Td (lead ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.86 375.05 Td (time ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.52 375.05 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.18 375.05 Td (eight ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.35 375.05 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.51 375.05 Td (ten ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.68 375.05 Td (weeks ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.85 375.05 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.51 375.05 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.67 375.05 Td (date ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.85 375.05 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.01 375.05 Td (order ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.68 375.05 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.34 375.05 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.51 375.05 Td (first ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.66 375.05 Td (quarter ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.83 375.05 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.00 375.05 Td (three ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.17 375.05 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.33 375.05 Td (four ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 536.49 375.05 Td (weeks ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 364.25 Td (at ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.01 364.25 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.02 364.25 Td (date ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.04 364.25 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.04 364.25 Td (this ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.55 364.25 Td (MD&A.) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.05 364.25 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 347.45 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 58.33 347.45 Td (e ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.81 347.45 Td (executed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.80 347.45 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.28 347.45 Td (number ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.26 347.45 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.24 347.45 Td (strategic ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.72 347.45 Td (outages ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.21 347.45 Td (during ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.70 347.45 Td (2018, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.69 347.45 Td (including ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.69 347.45 Td (at ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.66 347.45 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.14 347.45 Td (hot ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.12 347.45 Td (strip ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.59 347.45 Td (mill ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.55 347.45 Td (through ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.55 347.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.53 347.45 Td (addition ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.52 347.45 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.50 347.45 Td (hydraulic ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.98 347.45 Td (automatic ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 336.65 Td (gauge ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.44 336.65 Td (control ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.87 336.65 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.30 336.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.22 336.65 Td (first ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.13 336.65 Td (two ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.56 336.65 Td (finishing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.99 336.65 Td (mill ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.90 336.65 Td (stands. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.11 336.65 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.03 336.65 Td (outages ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.48 336.65 Td (were ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.40 336.65 Td (intended ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.35 336.65 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.27 336.65 Td (improve ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.69 336.65 Td (reliability ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.12 336.65 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.55 336.65 Td (ef) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.89 336.65 Td (ficiency) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.24 336.65 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.15 336.65 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.58 336.65 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 555.00 336.65 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 325.85 Td (preparation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.33 325.85 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.64 325.85 Td (hot ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.95 325.85 Td (strip ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.75 325.85 Td (mill ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.05 325.85 Td (enhancements ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.89 325.85 Td (planned ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.72 325.85 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.03 325.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.34 325.85 Td (remainder ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.66 325.85 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.96 325.85 Td (2018 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.78 325.85 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.60 325.85 Td (2019. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.92 325.85 Td (In ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.23 325.85 Td (connection ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.56 325.85 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.37 325.85 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.18 325.85 Td (strategic ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 535.99 325.85 Td (capital ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 315.05 Td (expenditure ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.77 315.05 Td (program ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.02 315.05 Td (aimed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.28 315.05 Td (at ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.52 315.05 Td (improving ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.27 315.05 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.02 315.05 Td (product ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.78 315.05 Td (mix ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.51 315.05 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.76 315.05 Td (focus ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.01 315.05 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.76 315.05 Td (more ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.00 315.05 Td (advanced ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.77 315.05 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.52 315.05 Td (products, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.28 315.05 Td (including ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.00 315.05 Td (AHSS ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.25 315.05 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 537.00 315.05 Td (UHSS ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 304.25 Td (grades, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.52 304.25 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.52 304.25 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.03 304.25 Td (planning ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.56 304.25 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.57 304.25 Td (continue ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.10 304.25 Td (enhancing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.14 304.25 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.64 304.25 Td (production ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.17 304.25 Td (capabilities ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.20 304.25 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.72 304.25 Td (controls ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.73 304.25 Td (over ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.74 304.25 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.25 304.25 Td (hot ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.26 304.25 Td (rolled ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.77 304.25 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.28 304.25 Td (products.) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.30 304.25 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 287.45 Td (During ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.47 287.45 Td (September ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.46 287.45 Td (2018 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.44 287.45 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.42 287.45 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.88 287.45 Td (planned, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.38 287.45 Td (Stelco ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.35 287.45 Td (executed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.84 287.45 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.81 287.45 Td (three ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.28 287.45 Td (week ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.25 287.45 Td (strategic ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 377.23 287.45 Td (outage ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.72 287.45 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.18 287.45 Td (upgrade ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.17 287.45 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.14 287.45 Td (hot ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.61 287.45 Td (strip ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.58 287.45 Td (mill ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.03 287.45 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 532.50 287.45 Td (provide ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 276.65 Td (better ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 76.36 276.65 Td (gauge ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.73 276.65 Td (control ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.09 276.65 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.45 276.65 Td (increased ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.81 276.65 Td (rolling ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.17 276.65 Td (force, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.02 276.65 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.38 276.65 Td (enable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.75 276.65 Td (Stelco ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.11 276.65 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.96 276.65 Td (better ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.32 276.65 Td (participate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.19 276.65 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.54 276.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.73 276.65 Td (AHSS, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.08 276.65 Td (High ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.94 276.65 Td (Strength ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.30 276.65 Td (Low ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.49 276.65 Td (Alloy ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 265.85 Td (\(HSLA\), ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.11 265.85 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.23 265.85 Td (value ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.85 265.85 Td (added ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.99 265.85 Td (coated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.12 265.85 Td (markets. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.73 265.85 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.06 265.85 Td (e ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.17 265.85 Td (also ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.79 265.85 Td (performed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.91 265.85 Td (maintenance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.55 265.85 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.67 265.85 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.78 265.85 Td (blast ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.90 265.85 Td (furnace, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.52 265.85 Td (basic ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.64 265.85 Td (oxygen ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.77 265.85 Td (furnace ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.89 265.85 Td (\(BOF\), ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 547.00 265.85 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 255.05 Td (caster ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.01 255.05 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.51 255.05 Td (September) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.04 255.05 Td (.) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 238.25 Td (In ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.61 238.25 Td (addition ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.24 238.25 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.85 238.25 Td (upgrades ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.49 238.25 Td (at ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.10 238.25 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.21 238.25 Td (hot ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.83 238.25 Td (strip ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.93 238.25 Td (mill, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.04 238.25 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.65 238.25 Td (continued ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.78 238.25 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.39 238.25 Td (focus ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.01 238.25 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.13 238.25 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.74 238.25 Td (business ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.37 238.25 Td (strategies ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.49 238.25 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.10 238.25 Td (asset ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.72 238.25 Td (optimization ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.85 238.25 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.97 238.25 Td (expansion ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 227.45 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.69 227.45 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.87 227.45 Td (production ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.08 227.45 Td (capabilities ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.79 227.45 Td (through ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.49 227.45 Td (initiatives ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.68 227.45 Td (such ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.87 227.45 Td (as: ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.06 227.45 Td (utilizing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.25 227.45 Td (excess ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.44 227.45 Td (capacity ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.64 227.45 Td (at ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.32 227.45 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.51 227.45 Td (LEW ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.19 227.45 Td (hot ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.88 227.45 Td (strip ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.06 227.45 Td (mill ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.74 227.45 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.93 227.45 Td (pickle ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.12 227.45 Td (lines ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.81 227.45 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 547.01 227.45 Td (HW ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 216.65 Td (coke ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.55 216.65 Td (ovens, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.61 216.65 Td (restarting ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.66 216.65 Td (HW ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.20 216.65 Td (temper ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.75 216.65 Td (mill ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.78 216.65 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.34 216.65 Td (installing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.90 216.65 Td (annealing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.47 216.65 Td (furnaces, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.03 216.65 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.59 216.65 Td (upgrading ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.16 216.65 Td (finishing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.72 216.65 Td (mill ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.76 216.65 Td (roll ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.30 216.65 Td (bearings ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.36 216.65 Td (at ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.41 216.65 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.95 216.65 Td (hot ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 545.00 216.65 Td (strip ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 205.85 Td (mill. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.78 205.85 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 76.11 205.85 Td (e ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.91 205.85 Td (expect ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.21 205.85 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.01 205.85 Td (successful ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.81 205.85 Td (completion ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.12 205.85 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.41 205.85 Td (these ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.21 205.85 Td (initiatives ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.01 205.85 Td (will ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.30 205.85 Td (ultimately ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.10 205.85 Td (help ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.90 205.85 Td (us ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.19 205.85 Td (grow ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.48 205.85 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.28 205.85 Td (revenues, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.59 205.85 Td (improve ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.38 205.85 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.18 205.85 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.98 205.85 Td (production ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 195.05 Td (capabilities ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.03 195.05 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.54 195.05 Td (lower ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.55 195.05 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.06 195.05 Td (total ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.57 195.05 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.08 195.05 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.58 195.05 Td (nt. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.09 195.05 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.42 195.05 Td (e ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.93 195.05 Td (anticipate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.96 195.05 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.47 195.05 Td (these ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.99 195.05 Td (initiatives ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.50 195.05 Td (will ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.50 195.05 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.01 195.05 Td (completed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.04 195.05 Td (during ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.55 195.05 Td (2019.) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 178.25 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.55 178.25 Td (Company ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.12 178.25 Td (remains ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.17 178.25 Td (committed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.73 178.25 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.28 178.25 Td (focus ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.83 178.25 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.89 178.25 Td (maximizing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 277.94 178.25 Td (profits, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.00 178.25 Td (including ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.57 178.25 Td (regaining ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.64 178.25 Td (higher ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.70 178.25 Td (margin ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.26 178.25 Td (business, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.32 178.25 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.88 178.25 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.43 178.25 Td (extent ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.99 178.25 Td (feasible ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 167.45 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.00 167.45 Td (trade ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.50 167.45 Td (regulations, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.01 167.45 Td (increasing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.01 167.45 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.00 167.45 Td (expansion ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.01 167.45 Td (into ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.50 167.45 Td (additional ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 304.02 167.45 Td (markets ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.00 167.45 Td (outside ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.01 167.45 Td (Canada ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.52 167.45 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.50 167.45 Td (respect ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.00 167.45 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.48 167.45 Td (hot-rolled, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.49 167.45 Td (cold-rolled ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 546.99 167.45 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 156.65 Td (coated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.55 156.65 Td (coil ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.57 156.65 Td (sales, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.61 156.65 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.15 156.65 Td (assessing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.69 156.65 Td (opportunities ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.75 156.65 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.78 156.65 Td (introduce ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.33 156.65 Td (new ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.36 156.65 Td (products. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.90 156.65 Td (Despite ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.94 156.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.98 156.65 Td (recent ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.51 156.65 Td (tarif) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.35 156.65 Td (fs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.88 156.65 Td (introduced ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.43 156.65 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 532.46 156.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.49 156.65 Td (US ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 145.85 Td (administration, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.90 145.85 Td (Stelco ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.28 145.85 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.16 145.85 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.54 145.85 Td (low ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.42 145.85 Td (cost ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.29 145.85 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.67 145.85 Td (advanced ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.07 145.85 Td (integrated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.47 145.85 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.85 145.85 Td (producer ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.75 145.85 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.12 145.85 Td (North ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.03 145.85 Td (America, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.91 145.85 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.29 145.85 Td (improved ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.68 145.85 Td (shipping ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.58 145.85 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.96 145.85 Td (production ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 135.05 Td (capabilities, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.26 135.05 Td (will ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.99 135.05 Td (continue ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.25 135.05 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.99 135.05 Td (seek ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.24 135.05 Td (new ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.98 135.05 Td (opportunities ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.75 135.05 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.99 135.05 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.74 135.05 Td (domestic ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.99 135.05 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.24 135.05 Td (international ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.50 135.05 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.75 135.05 Td (markets ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.99 135.05 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.24 135.05 Td (expects ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.49 135.05 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.23 135.05 Td (continue ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.49 135.05 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 124.25 Td (maximize ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.50 124.25 Td (profitability ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.02 124.25 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.54 124.25 Td (cash ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.05 124.25 Td (flows ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.06 124.25 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.56 124.25 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.57 124.25 Td (near ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.09 124.25 Td (term.) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.59 124.25 Td ( ) Tj ET Q BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 99.05 Td (Capital ) Tj ET Q q 0 0 0 rg BT 89.73 99.05 Td (Resources ) Tj ET Q q 0 0 0 rg BT 149.04 99.05 Td (and ) Tj ET Q q 0 0 0 rg BT 171.65 99.05 Td (Liquidity) Tj ET Q BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.48 99.05 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 82.25 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.27 82.25 Td (liquidity ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.05 82.25 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.83 82.25 Td (capital ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.61 82.25 Td (resources ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.89 82.25 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.16 82.25 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.43 82.25 Td (Company ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.71 82.25 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.48 82.25 Td (dependent ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.79 82.25 Td (upon ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.57 82.25 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.34 82.25 Td (number ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.62 82.25 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.89 82.25 Td (factors ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.66 82.25 Td (including, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.45 82.25 Td (without ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.73 82.25 Td (limitation, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.51 82.25 Td (market ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 71.45 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.77 71.45 Td (economic ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.03 71.45 Td (conditions ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.31 71.45 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.07 71.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.34 71.45 Td (impact ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.59 71.45 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.85 71.45 Td (these ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.61 71.45 Td (conditions ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.89 71.45 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.65 71.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.91 71.45 Td (price ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.17 71.45 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.42 71.45 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.18 71.45 Td (products, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.95 71.45 Td (raw ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.20 71.45 Td (material ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.96 71.45 Td (costs, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.22 71.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.48 71.45 Td (ability ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.24 71.45 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.49 71.45 Td (fund ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 60.65 Td (necessary ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.52 60.65 Td (capital ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.04 60.65 Td (projects, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.55 60.65 Td (pension ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.58 60.65 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.09 60.65 Td (OPEB ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.60 60.65 Td (funding ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.63 60.65 Td (requirements ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.65 60.65 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.17 60.65 Td (labour ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.69 60.65 Td (negotiations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.73 60.65 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.24 60.65 Td (disputes.) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.27 60.65 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 43.85 Td (Our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.84 43.85 Td (principal ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.19 43.85 Td (uses ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.04 43.85 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.38 43.85 Td (funds ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.24 43.85 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.08 43.85 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.42 43.85 Td (operating ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.78 43.85 Td (expenses, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.65 43.85 Td (capital ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.50 43.85 Td (expenditures, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.37 43.85 Td (finance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.23 43.85 Td (costs, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.57 43.85 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.43 43.85 Td (debt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.78 43.85 Td (service. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.62 43.85 Td (Management ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.99 43.85 Td (believes ) Tj ET Q endstream endobj 37 0 obj <> endobj 38 0 obj <> stream BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 771.50 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 214.60 771.50 Td (AND ) Tj ET Q q 0 0 0 rg BT 241.08 771.50 Td (ANAL) Tj ET Q q 0 0 0 rg BT 270.62 771.50 Td (YSIS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.40 24.25 Td (17) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 749.45 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 69.36 749.45 Td (cash ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.72 749.45 Td (generated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.60 749.45 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.95 749.45 Td (operations, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.83 749.45 Td (together ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.20 749.45 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.55 749.45 Td (amounts ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.42 749.45 Td (available ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.29 749.45 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.66 749.45 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.01 749.45 Td (asset-based ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.39 749.45 Td (lending ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.76 749.45 Td (facility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.12 749.45 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.48 749.45 Td (inventory ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 738.65 Td (monetization ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.02 738.65 Td (arrangement,) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.55 738.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.55 738.65 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.55 738.65 Td (combination ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.07 738.65 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.07 738.65 Td (potential ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.10 738.65 Td (capital ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.11 738.65 Td (contributions ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.13 738.65 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.13 738.65 Td (Holdings,) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.65 738.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.64 738.65 Td (will ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.13 738.65 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.14 738.65 Td (suf) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.98 738.65 Td (ficient ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.49 738.65 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.99 738.65 Td (meet ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.99 738.65 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.00 738.65 Td (future ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 727.85 Td (operating ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.82 727.85 Td (expenses, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.15 727.85 Td (capital ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.46 727.85 Td (expenditures, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.79 727.85 Td (future ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.10 727.85 Td (debt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.91 727.85 Td (service ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.71 727.85 Td (costs, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.52 727.85 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.83 727.85 Td (support ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.14 727.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.95 727.85 Td (growth ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.26 727.85 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.06 727.85 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.36 727.85 Td (business ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.18 727.85 Td (\(primarily ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.47 727.85 Td (through ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 717.05 Td (working ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.51 717.05 Td (capital ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.03 717.05 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.55 717.05 Td (capital ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.06 717.05 Td (expenditures\), ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.59 717.05 Td (repay ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.61 717.05 Td (short-term ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.11 717.05 Td (obligations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.65 717.05 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.16 717.05 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.17 717.05 Td (general ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.69 717.05 Td (corporate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 435.21 717.05 Td (purposes.) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.74 717.05 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 700.25 Td (Our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.43 700.25 Td (ability ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.87 700.25 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.80 700.25 Td (fund ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.75 700.25 Td (future ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.19 700.25 Td (operating ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.15 700.25 Td (expenses, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.60 700.25 Td (capital ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.05 700.25 Td (expenditures ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.01 700.25 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.45 700.25 Td (debt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.40 700.25 Td (service ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.33 700.25 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.77 700.25 Td (will ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.70 700.25 Td (depend ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.16 700.25 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.59 700.25 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.03 700.25 Td (future ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.47 700.25 Td (operating ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 689.45 Td (performance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.34 689.45 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.17 689.45 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.99 689.45 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.82 689.45 Td (af) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.16 689.45 Td (fected ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.50 689.45 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.82 689.45 Td (general ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.66 689.45 Td (economic, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.50 689.45 Td (financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.34 689.45 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.17 689.45 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.50 689.45 Td (factors ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.33 689.45 Td (including ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.67 689.45 Td (factors ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.50 689.45 Td (beyond ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.84 689.45 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.67 689.45 Td (control. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.00 689.45 Td (From ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 678.65 Td (time ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.67 678.65 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.85 678.65 Td (time, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.03 678.65 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.71 678.65 Td (management ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.91 678.65 Td (team ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.59 678.65 Td (reviews ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.77 678.65 Td (acquisition ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.97 678.65 Td (opportunities ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.18 678.65 Td (and, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.37 678.65 Td (if ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.54 678.65 Td (suitable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.23 678.65 Td (opportunities ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.44 678.65 Td (arise, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.12 678.65 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.79 678.65 Td (make ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.48 678.65 Td (selected ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 667.85 Td (acquisitions ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.53 667.85 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.53 667.85 Td (implement ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.55 667.85 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.06 667.85 Td (business ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.08 667.85 Td (strategy) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.42 667.85 Td (.) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.92 667.85 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 651.05 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.65 651.05 Td (Company ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.30 651.05 Td (has ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.95 651.05 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.09 651.05 Td (significant ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.25 651.05 Td (requirement ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.41 651.05 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.05 651.05 Td (working ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.20 651.05 Td (capital ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.36 651.05 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.01 651.05 Td (primarily ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.15 651.05 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.79 651.05 Td (inventories ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.46 651.05 Td (due ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.61 651.05 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.25 651.05 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.90 651.05 Td (lead ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.06 651.05 Td (time ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.20 651.05 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.84 651.05 Td (acquiring ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 547.50 651.05 Td (raw ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 640.25 Td (materials, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.82 640.25 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.15 640.25 Td (quantities ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.48 640.25 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.80 640.25 Td (raw ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.12 640.25 Td (materials ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.44 640.25 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.26 640.25 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.08 640.25 Td (required ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.91 640.25 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.23 640.25 Td (produce ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.57 640.25 Td (semi-finished ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.40 640.25 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.22 640.25 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.05 640.25 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.37 640.25 Td (amount ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.21 640.25 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.52 640.25 Td (time ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.34 640.25 Td (required ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.17 640.25 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.49 640.25 Td (process ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 629.45 Td (this ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.12 629.45 Td (semi-finished ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.26 629.45 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.39 629.45 Td (into ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.02 629.45 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.14 629.45 Td (finished ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.28 629.45 Td (product. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.71 629.45 Td (This ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.83 629.45 Td (working ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.96 629.45 Td (capital ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.09 629.45 Td (requirement ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.23 629.45 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.85 629.45 Td (characteristic ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.98 629.45 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.61 629.45 Td (many ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.73 629.45 Td (companies ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.37 629.45 Td (within ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.50 629.45 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 618.65 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.51 618.65 Td (industry) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.36 618.65 Td (.) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.86 618.65 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 601.85 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.01 601.85 Td (Company ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.03 601.85 Td (expects ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.54 601.85 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.55 601.85 Td (have ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.57 601.85 Td (suf) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.41 601.85 Td (ficient ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.42 601.85 Td (working ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.93 601.85 Td (capital ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.45 601.85 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.45 601.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.47 601.85 Td (remainder ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.48 601.85 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.49 601.85 Td (2018 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.01 601.85 Td (based ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.03 601.85 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.55 601.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.56 601.85 Td (following:) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.08 601.85 Td ( ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 49.00 585.05 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.00 585.05 Td (the ) Tj ET Q q 0 0 0 rg BT 86.01 585.05 Td (Company) Tj ET Q q 0 0 0 rg BT 126.37 585.05 Td (s ) Tj ET Q q 0 0 0 rg BT 133.37 585.05 Td (overall ) Tj ET Q q 0 0 0 rg BT 162.38 585.05 Td (working ) Tj ET Q q 0 0 0 rg BT 195.89 585.05 Td (capital ) Tj ET Q q 0 0 0 rg BT 224.41 585.05 Td (position ) Tj ET Q q 0 0 0 rg BT 257.93 585.05 Td (was ) Tj ET Q q 0 0 0 rg BT 276.44 585.05 Td (significantly ) Tj ET Q q 0 0 0 rg BT 325.46 585.05 Td (improved ) Tj ET Q q 0 0 0 rg BT 364.97 585.05 Td (because ) Tj ET Q q 0 0 0 rg BT 401.50 585.05 Td (of ) Tj ET Q q 0 0 0 rg BT 411.51 585.05 Td (the ) Tj ET Q q 0 0 0 rg BT 426.52 585.05 Td (CCAA) Tj ET Q q 0 0 0 rg BT 451.03 585.05 Td ( ) Tj ET Q q 0 0 0 rg BT 453.53 585.05 Td (restructuring;) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 506.04 585.05 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.00 568.25 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.00 568.25 Td (the ) Tj ET Q q 0 0 0 rg BT 86.56 568.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 128.12 568.25 Td (has ) Tj ET Q q 0 0 0 rg BT 145.68 568.25 Td (negotiated ) Tj ET Q q 0 0 0 rg BT 190.77 568.25 Td (favourable ) Tj ET Q q 0 0 0 rg BT 235.84 568.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 273.41 568.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 298.96 568.25 Td (with ) Tj ET Q q 0 0 0 rg BT 318.01 568.25 Td (its ) Tj ET Q q 0 0 0 rg BT 330.06 568.25 Td (vendors, ) Tj ET Q q 0 0 0 rg BT 367.62 568.25 Td (thereby ) Tj ET Q q 0 0 0 rg BT 400.69 568.25 Td (improving ) Tj ET Q q 0 0 0 rg BT 442.75 568.25 Td (its ) Tj ET Q q 0 0 0 rg BT 454.80 568.25 Td (working ) Tj ET Q q 0 0 0 rg BT 488.86 568.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 517.92 568.25 Td (without ) Tj ET Q q 0 0 0 rg BT 549.49 568.25 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.00 557.45 Td (need ) Tj ET Q q 0 0 0 rg BT 93.52 557.45 Td (for ) Tj ET Q q 0 0 0 rg BT 106.53 557.45 Td (additional ) Tj ET Q q 0 0 0 rg BT 147.56 557.45 Td (funding;) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 179.58 557.45 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.00 540.65 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.00 540.65 Td (as ) Tj ET Q q 0 0 0 rg BT 82.46 540.65 Td (at ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 91.92 540.65 Td (September30, ) Tj ET Q q 0 0 0 rg BT 152.92 540.65 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 172.94 540.65 Td (, ) Tj ET Q q 0 0 0 rg BT 177.40 540.65 Td (the ) Tj ET Q q 0 0 0 rg BT 191.87 540.65 Td (Company ) Tj ET Q q 0 0 0 rg BT 232.34 540.65 Td (had ) Tj ET Q q 0 0 0 rg BT 249.31 540.65 Td (a ) Tj ET Q q 0 0 0 rg BT 256.28 540.65 Td (cash ) Tj ET Q q 0 0 0 rg BT 277.24 540.65 Td (balance ) Tj ET Q q 0 0 0 rg BT 310.73 540.65 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 320.19 540.65 Td ($168 ) Tj ET Q q 0 0 0 rg BT 342.17 540.65 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 367.67 540.65 Td ( ) Tj ET Q q 0 0 0 rg BT 369.63 540.65 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 386.60 540.65 Td ($299 ) Tj ET Q q 0 0 0 rg BT 408.58 540.65 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 434.09 540.65 Td ( ) Tj ET Q q 0 0 0 rg BT 436.05 540.65 Td (available ) Tj ET Q q 0 0 0 rg BT 473.53 540.65 Td (under ) Tj ET Q q 0 0 0 rg BT 498.50 540.65 Td (the ) Tj ET Q q 0 0 0 rg BT 512.97 540.65 Td (asset-based ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.00 529.85 Td (lending ) Tj ET Q q 0 0 0 rg BT 102.53 529.85 Td (facility;) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.00 513.05 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.00 513.05 Td (the ) Tj ET Q q 0 0 0 rg BT 85.96 513.05 Td (inventory ) Tj ET Q q 0 0 0 rg BT 124.94 513.05 Td (monetization ) Tj ET Q q 0 0 0 rg BT 178.42 513.05 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 231.90 513.05 Td (continues ) Tj ET Q q 0 0 0 rg BT 272.89 513.05 Td (to ) Tj ET Q q 0 0 0 rg BT 282.85 513.05 Td (provide ) Tj ET Q q 0 0 0 rg BT 314.82 513.05 Td (the ) Tj ET Q q 0 0 0 rg BT 329.78 513.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 370.75 513.05 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 403.22 513.05 Td (on ) Tj ET Q q 0 0 0 rg BT 415.69 513.05 Td (certain ) Tj ET Q q 0 0 0 rg BT 445.16 513.05 Td (of ) Tj ET Q q 0 0 0 rg BT 455.12 513.05 Td (its ) Tj ET Q q 0 0 0 rg BT 466.57 513.05 Td (raw ) Tj ET Q q 0 0 0 rg BT 483.53 513.05 Td (material ) Tj ET Q q 0 0 0 rg BT 517.99 513.05 Td (purchases;) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.00 502.25 Td (and) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.00 485.45 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.00 485.45 Td (as ) Tj ET Q q 0 0 0 rg BT 83.57 485.45 Td (at ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 94.14 485.45 Td (September30, ) Tj ET Q q 0 0 0 rg BT 156.25 485.45 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 176.27 485.45 Td (, ) Tj ET Q q 0 0 0 rg BT 181.84 485.45 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 219.92 485.45 Td (\(on ) Tj ET Q q 0 0 0 rg BT 236.00 485.45 Td (a ) Tj ET Q q 0 0 0 rg BT 244.07 485.45 Td (non-consolidated ) Tj ET Q q 0 0 0 rg BT 315.69 485.45 Td (basis\) ) Tj ET Q q 0 0 0 rg BT 342.76 485.45 Td (had ) Tj ET Q q 0 0 0 rg BT 360.84 485.45 Td (a ) Tj ET Q q 0 0 0 rg BT 368.92 485.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 390.99 485.45 Td (balance ) Tj ET Q q 0 0 0 rg BT 425.59 485.45 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 436.16 485.45 Td ($179million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 484.19 485.45 Td (, ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.76 485.45 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.83 485.45 Td (portion ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.41 485.45 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.99 485.45 Td (which ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.00 474.65 Td (could ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.02 474.65 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.53 474.65 Td (made ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.54 474.65 Td (available ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.57 474.65 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.57 474.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.58 474.65 Td (Company ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.60 474.65 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.61 474.65 Td (general ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.13 474.65 Td (corporate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.65 474.65 Td (purposes ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.18 474.65 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.69 474.65 Td (working ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.21 474.65 Td (capital.) Tj ET Q BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 455.45 Td (Credit Facility and Other ) Tj ET Q q 0 0 0 rg BT 180.39 455.45 Td (Arrangements) Tj ET Q BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.97 455.45 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 438.65 Td (Asset-Based Lending \(ABL\) Facility) Tj ET Q BT /F3 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.52 438.65 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 421.85 Td (In ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.06 421.85 Td (connection ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.16 421.85 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.72 421.85 Td (Stelco's ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.51 421.85 Td (emergence ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.10 421.85 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.66 421.85 Td (CCAA, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.72 421.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.79 421.85 Td (Company ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.87 421.85 Td (entered ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.95 421.85 Td (into ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.02 421.85 Td (an ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.59 421.85 Td (asset-based ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.18 421.85 Td (lending ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.76 421.85 Td (\(ABL\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.33 421.85 Td (agreement ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.92 421.85 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.48 421.85 Td (June ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 411.05 Td (30, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.01 411.05 Td (2017 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.53 411.05 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.04 411.05 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.54 411.05 Td (syndicate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.07 411.05 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.07 411.05 Td (lenders ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.09 411.05 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.10 411.05 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.60 411.05 Td (maximum ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.10 411.05 Td (revolver ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.61 411.05 Td (amount ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.13 411.05 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.14 411.05 Td ($375 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.66 411.05 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.17 411.05 Td (. ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 394.25 Td (In ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.32 394.25 Td (August ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.60 394.25 Td (2018, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.38 394.25 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.15 394.25 Td (Company ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.93 394.25 Td (entered ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.72 394.25 Td (into ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.49 394.25 Td (an ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.76 394.25 Td (amended ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.10 394.25 Td (ABL) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.78 394.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.04 394.25 Td (agreement ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.33 394.25 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.10 394.25 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.37 394.25 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.14 394.25 Td (terms ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.90 394.25 Td (have ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.68 394.25 Td (remained ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.46 394.25 Td (substantially ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.25 394.25 Td (similar ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.51 394.25 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 383.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.17 383.45 Td (original ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.85 383.45 Td (agreement. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.51 383.45 Td (Amendments ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.19 383.45 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.36 383.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.53 383.45 Td (arrangement ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.22 383.45 Td (include, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.90 383.45 Td (but ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.08 383.45 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.74 383.45 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.92 383.45 Td (limited ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.58 383.45 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.75 383.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.92 383.45 Td (following: ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.10 383.45 Td (i\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.76 383.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.93 383.45 Td (facility's ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.82 383.45 Td (maturity ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.48 383.45 Td (date ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 372.65 Td (has ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.60 372.65 Td (been ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.71 372.65 Td (extended ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.82 372.65 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.80 372.65 Td (August ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.91 372.65 Td (16, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.51 372.65 Td (2023, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.12 372.65 Td (ii\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.20 372.65 Td (change ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.81 372.65 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.40 372.65 Td (original ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.51 372.65 Td (financing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.62 372.65 Td (rate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.21 372.65 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.81 372.65 Td (Canadian/US ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.43 372.65 Td (prime ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.02 372.65 Td (rate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.61 372.65 Td (plus ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.21 372.65 Td (0.25% ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.82 372.65 Td (- ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.90 372.65 Td (0.75%, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 553.00 372.65 Td (iii\) ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 361.85 Td (change ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.60 361.85 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.18 361.85 Td (original ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.28 361.85 Td (option ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.87 361.85 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.46 361.85 Td (index ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.05 361.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.63 361.85 Td (interest ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.22 361.85 Td (rate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.81 361.85 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.39 361.85 Td (CDOR/LIBOR ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.47 361.85 Td (plus ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.06 361.85 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.14 361.85 Td (margin ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.73 361.85 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.31 361.85 Td (1.25% ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.90 361.85 Td (- ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.97 361.85 Td (1.75%, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.07 361.85 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.16 361.85 Td (iv\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.73 361.85 Td (change ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.34 361.85 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.92 361.85 Td (original ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.01 361.85 Td (letter ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 351.05 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.86 351.05 Td (credit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.23 351.05 Td (fee ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.10 351.05 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.96 351.05 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.32 351.05 Td (range ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.70 351.05 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.56 351.05 Td (1.25% ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.44 351.05 Td (- ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.79 351.05 Td (1.75%. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.17 351.05 Td (In ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.03 351.05 Td (addition, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.42 351.05 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.29 351.05 Td (amended ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.71 351.05 Td (ABL) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.38 351.05 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.74 351.05 Td (facility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.10 351.05 Td (agreement ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.49 351.05 Td (also ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.35 351.05 Td (includes ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.73 351.05 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.60 351.05 Td (amendments ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.99 351.05 Td (which ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 340.25 Td (enhance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.03 340.25 Td (Stelco's ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.77 340.25 Td (flexibility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.27 340.25 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.79 340.25 Td (reduce ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.81 340.25 Td (restrictions ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.82 340.25 Td (associated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.35 340.25 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.85 340.25 Td (Stelco's ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.59 340.25 Td (ability ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.10 340.25 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.10 340.25 Td (declare ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.12 340.25 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.64 340.25 Td (pay ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.65 340.25 Td (dividends ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.18 340.25 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.18 340.25 Td (Holdings.) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 323.45 Td (In ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.66 323.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.32 323.45 Td (periods ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.99 323.45 Td (prior ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.15 323.45 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.80 323.45 Td (these ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.97 323.45 Td (amendments, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.65 323.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.31 323.45 Td (interest ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.98 323.45 Td (rate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.64 323.45 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.80 323.45 Td (Canadian/US ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.48 323.45 Td (dollar ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.65 323.45 Td (denominated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.84 323.45 Td (funds ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.01 323.45 Td (was ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.16 323.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.83 323.45 Td (Canadian/US ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.51 323.45 Td (prime ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 312.65 Td (rate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.35 312.65 Td (plus ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.71 312.65 Td (1% ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.56 312.65 Td (- ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.40 312.65 Td (1.5%, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.26 312.65 Td (depending ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.14 312.65 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.00 312.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.35 312.65 Td (amount ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.21 312.65 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.07 312.65 Td (had ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.93 312.65 Td (been ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.80 312.65 Td (drawn ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.15 312.65 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.01 312.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.37 312.65 Td (facility) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.71 312.65 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.05 312.65 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.91 312.65 Td (was ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.76 312.65 Td (payable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.13 312.65 Td (monthly) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.97 312.65 Td (. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.13 312.65 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.49 312.65 Td (Company ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 301.85 Td (also ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.80 301.85 Td (had ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.10 301.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.90 301.85 Td (option ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.72 301.85 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.51 301.85 Td (index ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.31 301.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.12 301.85 Td (interest ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.92 301.85 Td (rate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.72 301.85 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.51 301.85 Td (CDOR/LIBOR ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.81 301.85 Td (plus ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.61 301.85 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.90 301.85 Td (margin ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.70 301.85 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.50 301.85 Td (2% ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.79 301.85 Td (- ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.08 301.85 Td (2.5%, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.38 301.85 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.69 301.85 Td (could ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.49 301.85 Td (have ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.30 301.85 Td (elected ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.61 301.85 Td (this ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.90 301.85 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.20 301.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 540.00 301.85 Td (event ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 291.05 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.34 291.05 Td (it ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.17 291.05 Td (resulted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.52 291.05 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.85 291.05 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.19 291.05 Td (lower ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.02 291.05 Td (rate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.86 291.05 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.70 291.05 Td (interest ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.54 291.05 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.88 291.05 Td (its ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.21 291.05 Td (draws ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.55 291.05 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.90 291.05 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.74 291.05 Td (revolver) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.25 291.05 Td (. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.93 291.05 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.77 291.05 Td (Company ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.61 291.05 Td (also ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.45 291.05 Td (could ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.30 291.05 Td (obtain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.15 291.05 Td (letters ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.99 291.05 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.82 291.05 Td (credit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.16 291.05 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.51 291.05 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 280.25 Td (facility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.51 280.25 Td (at ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.51 280.25 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.02 280.25 Td (rate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.03 280.25 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.03 280.25 Td (2% ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.54 280.25 Td (- ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.04 280.25 Td (2.5%.) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.05 280.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.55 280.25 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 263.45 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.55 263.45 Td (amount ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.62 263.45 Td (available ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.19 263.45 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.74 263.45 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.79 263.45 Td (drawn ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.35 263.45 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.42 263.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.57 263.45 Td (ABL) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.24 263.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.29 263.45 Td (credit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.34 263.45 Td (facility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.39 263.45 Td (will ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.93 263.45 Td (vary ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.98 263.45 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.03 263.45 Td (time ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.07 263.45 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.62 263.45 Td (time, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.17 263.45 Td (based ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.74 263.45 Td (upon ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.80 263.45 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.85 263.45 Td (borrowing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.42 263.45 Td (base ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.98 263.45 Td (determined ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 252.65 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.08 252.65 Td (reference ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.18 252.65 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.76 252.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.35 252.65 Td (Company) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.70 252.65 Td (s ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.28 252.65 Td (trade ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.87 252.65 Td (receivables ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.46 252.65 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.56 252.65 Td (certain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.65 252.65 Td (inventory ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.24 252.65 Td (balances. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.43 252.65 Td (At ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.01 252.65 Td (September ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.11 252.65 Td (30, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.70 252.65 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.72 252.65 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.29 252.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.88 252.65 Td (available ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.48 252.65 Td (borrowing ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 241.85 Td (base ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.13 241.85 Td (was ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.74 241.85 Td ($299 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.38 241.85 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.88 241.85 Td (. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.00 241.85 Td (During ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.12 241.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.24 241.85 Td (nine ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.87 241.85 Td (months ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.00 241.85 Td (ended ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.63 241.85 Td (September ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.27 241.85 Td (30, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.39 241.85 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.42 241.85 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.53 241.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.65 241.85 Td (Company's ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.00 241.85 Td (borrowing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.13 241.85 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.76 241.85 Td (repayment ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.89 241.85 Td (activity ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 552.01 241.85 Td (on ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 231.05 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 64.64 231.05 Td (ABL) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.32 231.05 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.98 231.05 Td (facility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.65 231.05 Td (resulted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.33 231.05 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.00 231.05 Td (a ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 163.66 231.05 Td (nil) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.67 231.05 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.33 231.05 Td (outstanding ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.53 231.05 Td (balance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.72 231.05 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.88 231.05 Td (at ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.05 231.05 Td (September ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.74 231.05 Td (30, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.91 231.05 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.93 231.05 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.59 231.05 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.27 231.05 Td (Stelco ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.95 231.05 Td (had ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.62 231.05 Td (letters ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.79 231.05 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.96 231.05 Td (credit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.63 231.05 Td (outstanding ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.83 231.05 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.50 231.05 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 220.25 Td (amount ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.52 220.25 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.53 220.25 Td ($36 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.04 220.25 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.55 220.25 Td ( ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 138.05 220.25 Td (\() Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 141.05 220.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 200.07 220.25 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 220.09 220.25 Td ( ) Tj ET Q q 0 0 0 rg BT 222.60 220.25 Td (- ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 228.09 220.25 Td ($35 ) Tj ET Q q 0 0 0 rg BT 245.61 220.25 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 271.12 220.25 Td (\)) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.11 220.25 Td (.) Tj ET Q BT /F3 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 203.45 Td (Inventory Monetization ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.17 203.45 Td (Arrangement) Tj ET Q BT /F3 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.18 203.45 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 186.65 Td (On ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.24 186.65 Td (December ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.98 186.65 Td (1) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.32 186.65 Td (1, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.06 186.65 Td (2017, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.81 186.65 Td (Stelco ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.06 186.65 Td (Inc. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.80 186.65 Td (entered ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.55 186.65 Td (into ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.30 186.65 Td (an ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.54 186.65 Td (inventory ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.29 186.65 Td (monetization ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.55 186.65 Td (arrangement ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.81 186.65 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.05 186.65 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.79 186.65 Td (subject ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.53 186.65 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.27 186.65 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.51 186.65 Td (financing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 535.77 186.65 Td (rate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.51 186.65 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 175.85 Td (LIBOR ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.45 175.85 Td (plus ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.39 175.85 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.84 175.85 Td (margin ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.78 175.85 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.73 175.85 Td (3.5%. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.18 175.85 Td (Under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.13 175.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.07 175.85 Td (terms ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.01 175.85 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.95 175.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.90 175.85 Td (arrangement, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.87 175.85 Td (Stelco ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.32 175.85 Td (receives ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.27 175.85 Td (cash ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.72 175.85 Td (proceeds ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.18 175.85 Td (based ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.14 175.85 Td (upon ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.60 175.85 Td (an ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.04 175.85 Td (agreed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 535.50 175.85 Td (pricing ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 165.05 Td (formula ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.51 165.05 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.03 165.05 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.04 165.05 Td (quantity ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.06 165.05 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.07 165.05 Td (certain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.58 165.05 Td (raw ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.58 165.05 Td (materials ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.59 165.05 Td (on-site, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.61 165.05 Td (less ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.11 165.05 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.62 165.05 Td (required ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.14 165.05 Td (cash ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.65 165.05 Td (margin. ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 148.25 Td (Cash ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.49 148.25 Td (amounts ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.50 148.25 Td (advanced ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.01 148.25 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.52 148.25 Td (this ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.01 148.25 Td (arrangement ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.52 148.25 Td (represent ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.03 148.25 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.52 148.25 Td (financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.02 148.25 Td (liability ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.51 148.25 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.50 148.25 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.50 148.25 Td (Company ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.50 148.25 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.00 148.25 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.98 148.25 Td (recorded ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.99 148.25 Td (within ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.48 148.25 Td (other ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 137.45 Td (payables ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.19 137.45 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.37 137.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.04 137.45 Td (Company) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.40 137.45 Td (s ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.06 137.45 Td (statement ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.75 137.45 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.42 137.45 Td (financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.60 137.45 Td (position. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.86 137.45 Td (As ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.53 137.45 Td (at ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.20 137.45 Td (September ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.38 137.45 Td (30, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.06 137.45 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.08 137.45 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.75 137.45 Td (amounts ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.43 137.45 Td (advanced ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.63 137.45 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.81 137.45 Td (this ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.98 137.45 Td (arrangement ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 126.65 Td (were ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.01 126.65 Td ($160 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.53 126.65 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.04 126.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.54 126.65 Td (compared ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.06 126.65 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.06 126.65 Td ($121 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.59 126.65 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.09 126.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.59 126.65 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.60 126.65 Td (at ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.60 126.65 Td (December ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.62 126.65 Td (31, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.63 126.65 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.65 126.65 Td (.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 109.85 Td (Subsequent ) Tj ET Q q 0 0 0 rg BT 100.82 109.85 Td (to ) Tj ET Q q 0 0 0 rg BT 111.10 109.85 Td (period ) Tj ET Q q 0 0 0 rg BT 138.89 109.85 Td (end, ) Tj ET Q q 0 0 0 rg BT 159.18 109.85 Td (on ) Tj ET Q q 0 0 0 rg BT 171.97 109.85 Td (October ) Tj ET Q q 0 0 0 rg BT 206.76 109.85 Td (31, ) Tj ET Q q 0 0 0 rg BT 222.05 109.85 Td (2018, ) Tj ET Q q 0 0 0 rg BT 247.34 109.85 Td (Stelco ) Tj ET Q q 0 0 0 rg BT 275.13 109.85 Td (entered ) Tj ET Q q 0 0 0 rg BT 308.43 109.85 Td (into ) Tj ET Q q 0 0 0 rg BT 325.72 109.85 Td (an ) Tj ET Q q 0 0 0 rg BT 338.50 109.85 Td (amended ) Tj ET Q q 0 0 0 rg BT 378.81 109.85 Td (inventory ) Tj ET Q q 0 0 0 rg BT 418.10 109.85 Td (monetization ) Tj ET Q q 0 0 0 rg BT 471.91 109.85 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 525.71 109.85 Td (for ) Tj ET Q q 0 0 0 rg BT 538.99 109.85 Td (which ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 99.05 Td (terms ) Tj ET Q q 0 0 0 rg BT 75.08 99.05 Td (have ) Tj ET Q q 0 0 0 rg BT 97.17 99.05 Td (remained ) Tj ET Q q 0 0 0 rg BT 137.26 99.05 Td (substantially ) Tj ET Q q 0 0 0 rg BT 189.36 99.05 Td (similar ) Tj ET Q q 0 0 0 rg BT 217.94 99.05 Td (to ) Tj ET Q q 0 0 0 rg BT 228.02 99.05 Td (the ) Tj ET Q q 0 0 0 rg BT 243.10 99.05 Td (original ) Tj ET Q q 0 0 0 rg BT 274.70 99.05 Td (agreement. ) Tj ET Q q 0 0 0 rg BT 322.29 99.05 Td (Amendments ) Tj ET Q q 0 0 0 rg BT 377.89 99.05 Td (to ) Tj ET Q q 0 0 0 rg BT 387.97 99.05 Td (the ) Tj ET Q q 0 0 0 rg BT 403.05 99.05 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 456.66 99.05 Td (include, ) Tj ET Q q 0 0 0 rg BT 490.26 99.05 Td (but ) Tj ET Q q 0 0 0 rg BT 505.34 99.05 Td (are ) Tj ET Q q 0 0 0 rg BT 520.92 99.05 Td (not ) Tj ET Q q 0 0 0 rg BT 536.01 99.05 Td (limited ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 88.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.22 88.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.44 88.25 Td (following: ) Tj ET Q q 0 0 0 rg BT 115.67 88.25 Td (i\) ) Tj ET Q q 0 0 0 rg BT 123.38 88.25 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 160.12 88.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 191.85 88.25 Td (quantity ) Tj ET Q q 0 0 0 rg BT 226.08 88.25 Td (limits ) Tj ET Q q 0 0 0 rg BT 249.29 88.25 Td (of ) Tj ET Q q 0 0 0 rg BT 259.50 88.25 Td (raw ) Tj ET Q q 0 0 0 rg BT 276.72 88.25 Td (materials ) Tj ET Q q 0 0 0 rg BT 315.94 88.25 Td (eligible ) Tj ET Q q 0 0 0 rg BT 346.67 88.25 Td (to ) Tj ET Q q 0 0 0 rg BT 356.89 88.25 Td (be ) Tj ET Q q 0 0 0 rg BT 369.61 88.25 Td (financed ) Tj ET Q q 0 0 0 rg BT 406.35 88.25 Td (through ) Tj ET Q q 0 0 0 rg BT 439.59 88.25 Td (this ) Tj ET Q q 0 0 0 rg BT 456.30 88.25 Td (arrangement, ) Tj ET Q q 0 0 0 rg BT 512.55 88.25 Td (ii\) ) Tj ET Q q 0 0 0 rg BT 522.25 88.25 Td (change ) Tj ET Q q 0 0 0 rg BT 554.49 88.25 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 77.45 Td (the ) Tj ET Q q 0 0 0 rg BT 64.93 77.45 Td (original ) Tj ET Q q 0 0 0 rg BT 96.37 77.45 Td (financing ) Tj ET Q q 0 0 0 rg BT 134.81 77.45 Td (rate ) Tj ET Q q 0 0 0 rg BT 152.74 77.45 Td (to ) Tj ET Q q 0 0 0 rg BT 162.66 77.45 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 192.09 77.45 Td (plus ) Tj ET Q q 0 0 0 rg BT 211.02 77.45 Td (a ) Tj ET Q q 0 0 0 rg BT 218.44 77.45 Td (margin ) Tj ET Q q 0 0 0 rg BT 248.37 77.45 Td (of ) Tj ET Q q 0 0 0 rg BT 258.29 77.45 Td (2.50%, ) Tj ET Q q 0 0 0 rg BT 288.73 77.45 Td (and ) Tj ET Q q 0 0 0 rg BT 306.17 77.45 Td (iii\) ) Tj ET Q q 0 0 0 rg BT 317.58 77.45 Td (the ) Tj ET Q q 0 0 0 rg BT 332.51 77.45 Td (amended ) Tj ET Q q 0 0 0 rg BT 372.46 77.45 Td (agreement ) Tj ET Q q 0 0 0 rg BT 417.90 77.45 Td (has ) Tj ET Q q 0 0 0 rg BT 434.83 77.45 Td (an ) Tj ET Q q 0 0 0 rg BT 447.26 77.45 Td (option ) Tj ET Q q 0 0 0 rg BT 474.20 77.45 Td (for ) Tj ET Q q 0 0 0 rg BT 487.12 77.45 Td (Stelco ) Tj ET Q q 0 0 0 rg BT 514.55 77.45 Td (to ) Tj ET Q q 0 0 0 rg BT 524.48 77.45 Td (terminate ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 66.65 Td (the ) Tj ET Q q 0 0 0 rg BT 64.75 66.65 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 118.02 66.65 Td (early ) Tj ET Q q 0 0 0 rg BT 139.77 66.65 Td (on ) Tj ET Q q 0 0 0 rg BT 152.02 66.65 Td (either ) Tj ET Q q 0 0 0 rg BT 176.77 66.65 Td (July ) Tj ET Q q 0 0 0 rg BT 195.02 66.65 Td (31, ) Tj ET Q q 0 0 0 rg BT 209.77 66.65 Td (2019 ) Tj ET Q q 0 0 0 rg BT 232.03 66.65 Td (or ) Tj ET Q q 0 0 0 rg BT 241.83 66.65 Td (August ) Tj ET Q q 0 0 0 rg BT 272.09 66.65 Td (30, ) Tj ET Q q 0 0 0 rg BT 286.84 66.65 Td (2019. ) Tj ET Q q 0 0 0 rg BT 311.60 66.65 Td ( ) Tj ET Q q 0 0 0 rg BT 313.40 66.65 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 351.15 66.65 Td (advanced ) Tj ET Q q 0 0 0 rg BT 392.43 66.65 Td (under ) Tj ET Q q 0 0 0 rg BT 417.69 66.65 Td (the ) Tj ET Q q 0 0 0 rg BT 432.44 66.65 Td (amended ) Tj ET Q q 0 0 0 rg BT 472.21 66.65 Td (inventory ) Tj ET Q q 0 0 0 rg BT 510.97 66.65 Td (monetization ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 55.85 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 103.53 55.85 Td (are ) Tj ET Q q 0 0 0 rg BT 119.04 55.85 Td (required ) Tj ET Q q 0 0 0 rg BT 154.56 55.85 Td (to ) Tj ET Q q 0 0 0 rg BT 164.57 55.85 Td (be ) Tj ET Q q 0 0 0 rg BT 177.08 55.85 Td (repaid ) Tj ET Q q 0 0 0 rg BT 204.60 55.85 Td (when ) Tj ET Q q 0 0 0 rg BT 228.61 55.85 Td (the ) Tj ET Q q 0 0 0 rg BT 243.62 55.85 Td (facility ) Tj ET Q q 0 0 0 rg BT 271.13 55.85 Td (expires ) Tj ET Q q 0 0 0 rg BT 302.64 55.85 Td (on ) Tj ET Q q 0 0 0 rg BT 315.15 55.85 Td (September ) Tj ET Q q 0 0 0 rg BT 361.68 55.85 Td (30, ) Tj ET Q q 0 0 0 rg BT 376.69 55.85 Td (2019.) Tj ET Q BT /F2 9.00 Tf ET endstream endobj 39 0 obj <> endobj 40 0 obj <> stream BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 771.50 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 214.60 771.50 Td (AND ) Tj ET Q q 0 0 0 rg BT 241.08 771.50 Td (ANAL) Tj ET Q q 0 0 0 rg BT 270.62 771.50 Td (YSIS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.40 24.25 Td (18) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 748.00 Td (Share ) Tj ET Q q 0 0 0 rg BT 83.63 748.00 Td (Capital) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 120.30 748.00 Td ( ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 731.20 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.87 731.20 Td (Company ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.75 731.20 Td (has ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.62 731.20 Td (authorized ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.01 731.20 Td (share ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.88 731.20 Td (capital ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.25 731.20 Td (including ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.14 731.20 Td (an ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.51 731.20 Td (unlimited ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.89 731.20 Td (number ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.76 731.20 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.63 731.20 Td (common ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.50 731.20 Td (shares ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.87 731.20 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.24 731.20 Td (no ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.61 731.20 Td (par ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.98 731.20 Td (value. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.35 731.20 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.24 731.20 Td (As ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.11 731.20 Td (at ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.97 731.20 Td (September ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 720.40 Td (30, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.42 720.40 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.44 720.40 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.85 720.40 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.27 720.40 Td (Company ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.69 720.40 Td (has ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.11 720.40 Td (345 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.03 720.40 Td (issued ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.96 720.40 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.88 720.40 Td (outstanding ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.32 720.40 Td (common ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.74 720.40 Td (shares ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.66 720.40 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.57 720.40 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.49 720.40 Td (carrying ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.40 720.40 Td (value ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.83 720.40 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.24 720.40 Td ($2,175 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.67 720.40 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.18 720.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.09 720.40 Td (\(December ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.51 720.40 Td (31, ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 709.60 Td (2017 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.52 709.60 Td (- ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 78.02 709.60 Td ($2,325 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.05 709.60 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.55 709.60 Td (\).) Tj ET Q BT /F5 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 692.80 Td (Return ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.50 692.80 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.50 692.80 Td (Capital ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 676.00 Td (On ) Tj ET Q q 0 0 0 rg BT 64.46 676.00 Td (July ) Tj ET Q q 0 0 0 rg BT 82.92 676.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 97.89 676.00 Td (2018, ) Tj ET Q q 0 0 0 rg BT 122.86 676.00 Td (the ) Tj ET Q q 0 0 0 rg BT 137.83 676.00 Td (Company's ) Tj ET Q q 0 0 0 rg BT 185.02 676.00 Td (Board ) Tj ET Q q 0 0 0 rg BT 211.49 676.00 Td (of ) Tj ET Q q 0 0 0 rg BT 221.45 676.00 Td (Directors ) Tj ET Q q 0 0 0 rg BT 259.91 676.00 Td (approved ) Tj ET Q q 0 0 0 rg BT 299.90 676.00 Td (a ) Tj ET Q q 0 0 0 rg BT 307.36 676.00 Td (return ) Tj ET Q q 0 0 0 rg BT 333.32 676.00 Td (of ) Tj ET Q q 0 0 0 rg BT 343.29 676.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 371.76 676.00 Td (to ) Tj ET Q q 0 0 0 rg BT 381.72 676.00 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 419.19 676.00 Td (in ) Tj ET Q q 0 0 0 rg BT 428.65 676.00 Td (the ) Tj ET Q q 0 0 0 rg BT 443.62 676.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 476.09 676.00 Td (of ) Tj ET Q q 0 0 0 rg BT 486.05 676.00 Td ($150 ) Tj ET Q q 0 0 0 rg BT 508.53 676.00 Td (million, ) Tj ET Q q 0 0 0 rg BT 538.99 676.00 Td (which ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 665.20 Td (was ) Tj ET Q q 0 0 0 rg BT 68.36 665.20 Td (paid ) Tj ET Q q 0 0 0 rg BT 87.73 665.20 Td (by ) Tj ET Q q 0 0 0 rg BT 99.60 665.20 Td (the ) Tj ET Q q 0 0 0 rg BT 114.46 665.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 155.34 665.20 Td (on ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 167.24 665.20 Td (August13, ) Tj ET Q q 0 0 0 rg BT 212.62 665.20 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 232.65 665.20 Td (. ) Tj ET Q q 0 0 0 rg BT 237.35 665.20 Td (The ) Tj ET Q q 0 0 0 rg BT 255.21 665.20 Td (return ) Tj ET Q q 0 0 0 rg BT 281.08 665.20 Td (of ) Tj ET Q q 0 0 0 rg BT 290.94 665.20 Td (capital ) Tj ET Q q 0 0 0 rg BT 319.32 665.20 Td (to ) Tj ET Q q 0 0 0 rg BT 329.18 665.20 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 366.55 665.20 Td (was ) Tj ET Q q 0 0 0 rg BT 384.92 665.20 Td (recorded ) Tj ET Q q 0 0 0 rg BT 422.79 665.20 Td (as ) Tj ET Q q 0 0 0 rg BT 434.66 665.20 Td (a ) Tj ET Q q 0 0 0 rg BT 442.02 665.20 Td (reduction ) Tj ET Q q 0 0 0 rg BT 481.40 665.20 Td (to ) Tj ET Q q 0 0 0 rg BT 491.26 665.20 Td (the ) Tj ET Q q 0 0 0 rg BT 506.13 665.20 Td (carrying ) Tj ET Q q 0 0 0 rg BT 540.49 665.20 Td (value ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 654.40 Td (of ) Tj ET Q q 0 0 0 rg BT 60.01 654.40 Td (common ) Tj ET Q q 0 0 0 rg BT 97.02 654.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 126.53 654.40 Td (on ) Tj ET Q q 0 0 0 rg BT 139.04 654.40 Td (Stelco's ) Tj ET Q q 0 0 0 rg BT 172.77 654.40 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 225.81 654.40 Td (balance ) Tj ET Q q 0 0 0 rg BT 259.84 654.40 Td (sheet.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 635.20 Td (Commitments and Contingencies) Tj ET Q BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.80 635.20 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 618.40 Td (Employee ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.02 618.40 Td (Benefit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.02 618.40 Td (Commitments) Tj ET Q BT /F3 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.03 618.40 Td ( ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 49.00 601.60 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.00 601.60 Td (The ) Tj ET Q q 0 0 0 rg BT 88.76 601.60 Td (Company ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 129.53 601.60 Td (has ) Tj ET Q q 0 0 0 rg BT 146.29 601.60 Td (funding ) Tj ET Q q 0 0 0 rg BT 178.07 601.60 Td (commitments ) Tj ET Q q 0 0 0 rg BT 233.83 601.60 Td (with ) Tj ET Q q 0 0 0 rg BT 252.09 601.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 281.36 601.60 Td (pension ) Tj ET Q q 0 0 0 rg BT 315.14 601.60 Td (and ) Tj ET Q q 0 0 0 rg BT 332.40 601.60 Td (OPEB ) Tj ET Q q 0 0 0 rg BT 359.67 601.60 Td (trusts. ) Tj ET Q q 0 0 0 rg BT 386.42 601.60 Td (Stelco ) Tj ET Q q 0 0 0 rg BT 413.69 601.60 Td (committed ) Tj ET Q q 0 0 0 rg BT 457.45 601.60 Td (to ) Tj ET Q q 0 0 0 rg BT 467.21 601.60 Td (pay ) Tj ET Q q 0 0 0 rg BT 483.97 601.60 Td (up ) Tj ET Q q 0 0 0 rg BT 496.24 601.60 Td (to ) Tj ET Q q 0 0 0 rg BT 505.99 601.60 Td (a ) Tj ET Q q 0 0 0 rg BT 513.25 601.60 Td (maximum ) Tj ET Q q 0 0 0 rg BT 554.51 601.60 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.00 590.80 Td ($430 ) Tj ET Q q 0 0 0 rg BT 93.52 590.80 Td (million ) Tj ET Q q 0 0 0 rg BT 121.53 590.80 Td (to ) Tj ET Q q 0 0 0 rg BT 131.53 590.80 Td (fund ) Tj ET Q q 0 0 0 rg BT 151.55 590.80 Td (five ) Tj ET Q q 0 0 0 rg BT 168.06 590.80 Td (main ) Tj ET Q q 0 0 0 rg BT 190.07 590.80 Td (defined ) Tj ET Q q 0 0 0 rg BT 222.09 590.80 Td (benefit ) Tj ET Q q 0 0 0 rg BT 251.62 590.80 Td (pension ) Tj ET Q q 0 0 0 rg BT 285.64 590.80 Td (plans ) Tj ET Q q 0 0 0 rg BT 309.66 590.80 Td (previously ) Tj ET Q q 0 0 0 rg BT 352.68 590.80 Td (sponsored ) Tj ET Q q 0 0 0 rg BT 397.21 590.80 Td (by ) Tj ET Q q 0 0 0 rg BT 409.21 590.80 Td (Stelco ) Tj ET Q q 0 0 0 rg BT 436.73 590.80 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 453.73 590.80 Td (\(Main ) Tj ET Q q 0 0 0 rg BT 478.74 590.80 Td (Pension ) Tj ET Q q 0 0 0 rg BT 513.76 590.80 Td (Plans\).) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 541.77 590.80 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.00 574.00 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.00 574.00 Td (On ) Tj ET Q q 0 0 0 rg BT 85.61 574.00 Td (June ) Tj ET Q q 0 0 0 rg BT 107.73 574.00 Td (5, ) Tj ET Q q 0 0 0 rg BT 117.84 574.00 Td (2018, ) Tj ET Q q 0 0 0 rg BT 142.96 574.00 Td (the ) Tj ET Q q 0 0 0 rg BT 158.08 574.00 Td (Company ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 199.20 574.00 Td (entered ) Tj ET Q q 0 0 0 rg BT 232.32 574.00 Td (into ) Tj ET Q q 0 0 0 rg BT 249.44 574.00 Td (an ) Tj ET Q q 0 0 0 rg BT 261.53 574.00 Td (Amended ) Tj ET Q q 0 0 0 rg BT 302.66 574.00 Td (OPEB ) Tj ET Q q 0 0 0 rg BT 330.28 574.00 Td (Funding ) Tj ET Q q 0 0 0 rg BT 364.89 574.00 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 414.01 574.00 Td (replacing ) Tj ET Q q 0 0 0 rg BT 453.14 574.00 Td (the ) Tj ET Q q 0 0 0 rg BT 468.25 574.00 Td (Original ) Tj ET Q q 0 0 0 rg BT 501.87 574.00 Td (OPEB ) Tj ET Q q 0 0 0 rg BT 529.48 574.00 Td (Funding ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.00 563.20 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 119.75 563.20 Td (and ) Tj ET Q q 0 0 0 rg BT 136.99 563.20 Td (committed ) Tj ET Q q 0 0 0 rg BT 180.72 563.20 Td (to ) Tj ET Q q 0 0 0 rg BT 190.45 563.20 Td (fixed ) Tj ET Q q 0 0 0 rg BT 211.68 563.20 Td (contributions ) Tj ET Q q 0 0 0 rg BT 264.93 563.20 Td (of ) Tj ET Q q 0 0 0 rg BT 274.66 563.20 Td (approximately ) Tj ET Q q 0 0 0 rg BT 332.91 563.20 Td ($494.5 ) Tj ET Q q 0 0 0 rg BT 362.66 563.20 Td (million ) Tj ET Q q 0 0 0 rg BT 390.38 563.20 Td (over ) Tj ET Q q 0 0 0 rg BT 410.11 563.20 Td (twenty ) Tj ET Q q 0 0 0 rg BT 438.35 563.20 Td (five ) Tj ET Q q 0 0 0 rg BT 454.58 563.20 Td (years ) Tj ET Q q 0 0 0 rg BT 478.81 563.20 Td (to ) Tj ET Q q 0 0 0 rg BT 488.53 563.20 Td (the ) Tj ET Q q 0 0 0 rg BT 503.27 563.20 Td (ELHT) Tj ET Q q 0 0 0 rg BT 525.27 563.20 Td (s ) Tj ET Q q 0 0 0 rg BT 532.00 563.20 Td (created ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.00 552.40 Td (for ) Tj ET Q q 0 0 0 rg BT 83.91 552.40 Td (receiving, ) Tj ET Q q 0 0 0 rg BT 124.84 552.40 Td (holding ) Tj ET Q q 0 0 0 rg BT 156.27 552.40 Td (and ) Tj ET Q q 0 0 0 rg BT 173.69 552.40 Td (distributing ) Tj ET Q q 0 0 0 rg BT 219.63 552.40 Td (funds ) Tj ET Q q 0 0 0 rg BT 244.05 552.40 Td (on ) Tj ET Q q 0 0 0 rg BT 256.47 552.40 Td (account ) Tj ET Q q 0 0 0 rg BT 290.40 552.40 Td (of ) Tj ET Q q 0 0 0 rg BT 300.31 552.40 Td (OPEBs ) Tj ET Q q 0 0 0 rg BT 332.23 552.40 Td (for ) Tj ET Q q 0 0 0 rg BT 345.14 552.40 Td (legacy ) Tj ET Q q 0 0 0 rg BT 373.56 552.40 Td (employees ) Tj ET Q q 0 0 0 rg BT 419.49 552.40 Td (of ) Tj ET Q q 0 0 0 rg BT 429.41 552.40 Td (Stelco ) Tj ET Q q 0 0 0 rg BT 456.83 552.40 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 473.74 552.40 Td (In ) Tj ET Q q 0 0 0 rg BT 483.66 552.40 Td (addition, ) Tj ET Q q 0 0 0 rg BT 520.09 552.40 Td (Stelco ) Tj ET Q q 0 0 0 rg BT 547.51 552.40 Td (Inc. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.00 541.60 Td (agreed ) Tj ET Q q 0 0 0 rg BT 101.52 541.60 Td (to ) Tj ET Q q 0 0 0 rg BT 111.53 541.60 Td (pay ) Tj ET Q q 0 0 0 rg BT 128.54 541.60 Td (a ) Tj ET Q q 0 0 0 rg BT 136.05 541.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 166.07 541.60 Td (of ) Tj ET Q q 0 0 0 rg BT 176.07 541.60 Td (its ) Tj ET Q q 0 0 0 rg BT 187.57 541.60 Td (free ) Tj ET Q q 0 0 0 rg BT 205.58 541.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 227.09 541.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 250.10 541.60 Td (\(as ) Tj ET Q q 0 0 0 rg BT 265.10 541.60 Td (defined\) ) Tj ET Q q 0 0 0 rg BT 300.13 541.60 Td (and ) Tj ET Q q 0 0 0 rg BT 317.64 541.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 347.16 541.60 Td (tax-related ) Tj ET Q q 0 0 0 rg BT 392.18 541.60 Td (savings ) Tj ET Q q 0 0 0 rg BT 425.19 541.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 462.21 541.60 Td (to ) Tj ET Q q 0 0 0 rg BT 472.22 541.60 Td (the ) Tj ET Q q 0 0 0 rg BT 487.23 541.60 Td (ELHT) Tj ET Q q 0 0 0 rg BT 509.24 541.60 Td (s.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 516.24 541.60 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.00 524.80 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.00 524.80 Td (Bedrock ) Tj ET Q q 0 0 0 rg BT 106.34 524.80 Td (has ) Tj ET Q q 0 0 0 rg BT 123.17 524.80 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 171.03 524.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 200.36 524.80 Td (minimum ) Tj ET Q q 0 0 0 rg BT 239.18 524.80 Td (contributions ) Tj ET Q q 0 0 0 rg BT 292.53 524.80 Td (to ) Tj ET Q q 0 0 0 rg BT 302.35 524.80 Td (the ) Tj ET Q q 0 0 0 rg BT 317.19 524.80 Td (Main ) Tj ET Q q 0 0 0 rg BT 339.01 524.80 Td (Pension ) Tj ET Q q 0 0 0 rg BT 373.86 524.80 Td (Plans ) Tj ET Q q 0 0 0 rg BT 398.69 524.80 Td (up ) Tj ET Q q 0 0 0 rg BT 411.02 524.80 Td (to ) Tj ET Q q 0 0 0 rg BT 420.85 524.80 Td (a ) Tj ET Q q 0 0 0 rg BT 428.17 524.80 Td (maximum ) Tj ET Q q 0 0 0 rg BT 469.49 524.80 Td (amount ) Tj ET Q q 0 0 0 rg BT 501.83 524.80 Td (of ) Tj ET Q q 0 0 0 rg BT 511.66 524.80 Td ($160 ) Tj ET Q q 0 0 0 rg BT 534.00 524.80 Td (million. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.00 514.00 Td (The ) Tj ET Q q 0 0 0 rg BT 89.60 514.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 122.72 514.00 Td (of ) Tj ET Q q 0 0 0 rg BT 133.32 514.00 Td (such ) Tj ET Q q 0 0 0 rg BT 155.42 514.00 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 199.06 514.00 Td (is ) Tj ET Q q 0 0 0 rg BT 208.65 514.00 Td (reduced ) Tj ET Q q 0 0 0 rg BT 244.27 514.00 Td (based ) Tj ET Q q 0 0 0 rg BT 271.89 514.00 Td (upon, ) Tj ET Q q 0 0 0 rg BT 297.50 514.00 Td (among ) Tj ET Q q 0 0 0 rg BT 328.12 514.00 Td (other ) Tj ET Q q 0 0 0 rg BT 351.73 514.00 Td (things, ) Tj ET Q q 0 0 0 rg BT 381.34 514.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 411.45 514.00 Td (contributions ) Tj ET Q q 0 0 0 rg BT 465.57 514.00 Td (being ) Tj ET Q q 0 0 0 rg BT 490.69 514.00 Td (made ) Tj ET Q q 0 0 0 rg BT 516.29 514.00 Td (to ) Tj ET Q q 0 0 0 rg BT 526.90 514.00 Td (the ) Tj ET Q q 0 0 0 rg BT 542.50 514.00 Td (Main ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.00 503.20 Td (Pension ) Tj ET Q q 0 0 0 rg BT 106.07 503.20 Td (Plans ) Tj ET Q q 0 0 0 rg BT 131.12 503.20 Td (over ) Tj ET Q q 0 0 0 rg BT 151.17 503.20 Td (time. ) Tj ET Q q 0 0 0 rg BT 173.05 503.20 Td (The ) Tj ET Q q 0 0 0 rg BT 191.10 503.20 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 234.18 503.20 Td (will ) Tj ET Q q 0 0 0 rg BT 249.22 503.20 Td (be ) Tj ET Q q 0 0 0 rg BT 261.77 503.20 Td (discharged ) Tj ET Q q 0 0 0 rg BT 308.34 503.20 Td (upon ) Tj ET Q q 0 0 0 rg BT 330.90 503.20 Td (the ) Tj ET Q q 0 0 0 rg BT 345.96 503.20 Td (earlier ) Tj ET Q q 0 0 0 rg BT 373.51 503.20 Td (of ) Tj ET Q q 0 0 0 rg BT 383.56 503.20 Td (the ) Tj ET Q q 0 0 0 rg BT 398.61 503.20 Td ($160 ) Tj ET Q q 0 0 0 rg BT 421.17 503.20 Td (million ) Tj ET Q q 0 0 0 rg BT 449.22 503.20 Td (being ) Tj ET Q q 0 0 0 rg BT 473.78 503.20 Td (reduced ) Tj ET Q q 0 0 0 rg BT 508.85 503.20 Td (to ) Tj ET Q q 0 0 0 rg BT 518.90 503.20 Td (zero ) Tj ET Q q 0 0 0 rg BT 538.95 503.20 Td (or ) Tj ET Q q 0 0 0 rg BT 549.49 503.20 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.00 492.40 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 114.04 492.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 146.56 492.40 Td (of ) Tj ET Q q 0 0 0 rg BT 156.56 492.40 Td (all ) Tj ET Q q 0 0 0 rg BT 168.07 492.40 Td (payments ) Tj ET Q q 0 0 0 rg BT 209.59 492.40 Td (made ) Tj ET Q q 0 0 0 rg BT 234.60 492.40 Td (by ) Tj ET Q q 0 0 0 rg BT 246.61 492.40 Td (Stelco ) Tj ET Q q 0 0 0 rg BT 274.12 492.40 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 291.13 492.40 Td (or ) Tj ET Q q 0 0 0 rg BT 301.63 492.40 Td (Bedrock ) Tj ET Q q 0 0 0 rg BT 337.15 492.40 Td (reaching ) Tj ET Q q 0 0 0 rg BT 374.17 492.40 Td ($300 ) Tj ET Q q 0 0 0 rg BT 396.69 492.40 Td (million.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 424.70 492.40 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.00 475.60 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.00 475.60 Td (Certain ) Tj ET Q q 0 0 0 rg BT 102.27 475.60 Td (components ) Tj ET Q q 0 0 0 rg BT 153.56 475.60 Td (of ) Tj ET Q q 0 0 0 rg BT 163.33 475.60 Td (the ) Tj ET Q q 0 0 0 rg BT 178.10 475.60 Td (employee ) Tj ET Q q 0 0 0 rg BT 219.38 475.60 Td (benefit ) Tj ET Q q 0 0 0 rg BT 248.66 475.60 Td (commitments ) Tj ET Q q 0 0 0 rg BT 304.43 475.60 Td (are ) Tj ET Q q 0 0 0 rg BT 319.70 475.60 Td (tied ) Tj ET Q q 0 0 0 rg BT 336.47 475.60 Td (to ) Tj ET Q q 0 0 0 rg BT 346.23 475.60 Td (the ) Tj ET Q q 0 0 0 rg BT 361.01 475.60 Td (Company) Tj ET Q q 0 0 0 rg BT 401.36 475.60 Td (s ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 408.12 475.60 Td (future ) Tj ET Q q 0 0 0 rg BT 433.39 475.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 454.66 475.60 Td (flow ) Tj ET Q q 0 0 0 rg BT 472.93 475.60 Td (generation ) Tj ET Q q 0 0 0 rg BT 517.72 475.60 Td (and ) Tj ET Q q 0 0 0 rg BT 535.00 475.60 Td (certain ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.00 464.80 Td (tax-related ) Tj ET Q q 0 0 0 rg BT 117.15 464.80 Td (savings ) Tj ET Q q 0 0 0 rg BT 151.30 464.80 Td (amounts. ) Tj ET Q q 0 0 0 rg BT 191.72 464.80 Td (The ) Tj ET Q q 0 0 0 rg BT 210.86 464.80 Td (carrying ) Tj ET Q q 0 0 0 rg BT 246.51 464.80 Td (value ) Tj ET Q q 0 0 0 rg BT 271.65 464.80 Td (of ) Tj ET Q q 0 0 0 rg BT 282.79 464.80 Td (the ) Tj ET Q q 0 0 0 rg BT 298.94 464.80 Td (employee ) Tj ET Q q 0 0 0 rg BT 341.59 464.80 Td (benefit ) Tj ET Q q 0 0 0 rg BT 372.25 464.80 Td (funding ) Tj ET Q q 0 0 0 rg BT 405.41 464.80 Td (commitment ) Tj ET Q q 0 0 0 rg BT 458.05 464.80 Td (liability ) Tj ET Q q 0 0 0 rg BT 488.69 464.80 Td (recognized ) Tj ET Q q 0 0 0 rg BT 536.36 464.80 Td (by ) Tj ET Q q 0 0 0 rg BT 549.49 464.80 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.00 454.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 111.31 454.00 Td (in ) Tj ET Q q 0 0 0 rg BT 120.10 454.00 Td (its ) Tj ET Q q 0 0 0 rg BT 130.89 454.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 183.22 454.00 Td (balance ) Tj ET Q q 0 0 0 rg BT 216.54 454.00 Td (sheet ) Tj ET Q q 0 0 0 rg BT 240.34 454.00 Td (is ) Tj ET Q q 0 0 0 rg BT 248.63 454.00 Td (determined ) Tj ET Q q 0 0 0 rg BT 295.45 454.00 Td (based ) Tj ET Q q 0 0 0 rg BT 321.76 454.00 Td (upon ) Tj ET Q q 0 0 0 rg BT 343.57 454.00 Td (the ) Tj ET Q q 0 0 0 rg BT 357.87 454.00 Td (present ) Tj ET Q q 0 0 0 rg BT 389.68 454.00 Td (value ) Tj ET Q q 0 0 0 rg BT 412.99 454.00 Td (of ) Tj ET Q q 0 0 0 rg BT 422.28 454.00 Td (those ) Tj ET Q q 0 0 0 rg BT 446.09 454.00 Td (future ) Tj ET Q q 0 0 0 rg BT 470.90 454.00 Td (payments ) Tj ET Q q 0 0 0 rg BT 511.70 454.00 Td (as ) Tj ET Q q 0 0 0 rg BT 523.00 454.00 Td (estimated ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.00 443.20 Td (by ) Tj ET Q q 0 0 0 rg BT 83.27 443.20 Td (management. ) Tj ET Q q 0 0 0 rg BT 141.07 443.20 Td (Changes ) Tj ET Q q 0 0 0 rg BT 179.86 443.20 Td (in ) Tj ET Q q 0 0 0 rg BT 189.63 443.20 Td (the ) Tj ET Q q 0 0 0 rg BT 204.90 443.20 Td (magnitude ) Tj ET Q q 0 0 0 rg BT 249.69 443.20 Td (or ) Tj ET Q q 0 0 0 rg BT 260.46 443.20 Td (timing ) Tj ET Q q 0 0 0 rg BT 287.23 443.20 Td (of ) Tj ET Q q 0 0 0 rg BT 297.50 443.20 Td (those ) Tj ET Q q 0 0 0 rg BT 322.28 443.20 Td (estimated ) Tj ET Q q 0 0 0 rg BT 364.07 443.20 Td (future ) Tj ET Q q 0 0 0 rg BT 389.85 443.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 411.62 443.20 Td (payments ) Tj ET Q q 0 0 0 rg BT 453.40 443.20 Td (may ) Tj ET Q q 0 0 0 rg BT 473.17 443.20 Td (result ) Tj ET Q q 0 0 0 rg BT 497.94 443.20 Td (in ) Tj ET Q q 0 0 0 rg BT 507.71 443.20 Td (the ) Tj ET Q q 0 0 0 rg BT 522.99 443.20 Td (employee ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.00 432.40 Td (benefit ) Tj ET Q q 0 0 0 rg BT 100.12 432.40 Td (commitment ) Tj ET Q q 0 0 0 rg BT 151.23 432.40 Td (liability ) Tj ET Q q 0 0 0 rg BT 180.35 432.40 Td (balances ) Tj ET Q q 0 0 0 rg BT 218.48 432.40 Td (being ) Tj ET Q q 0 0 0 rg BT 242.60 432.40 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 278.73 432.40 Td (upward ) Tj ET Q q 0 0 0 rg BT 310.35 432.40 Td (or ) Tj ET Q q 0 0 0 rg BT 320.45 432.40 Td (downward ) Tj ET Q q 0 0 0 rg BT 363.58 432.40 Td (in ) Tj ET Q q 0 0 0 rg BT 372.69 432.40 Td (future ) Tj ET Q q 0 0 0 rg BT 397.80 432.40 Td (periods. ) Tj ET Q q 0 0 0 rg BT 431.92 432.40 Td (If ) Tj ET Q q 0 0 0 rg BT 439.03 432.40 Td (such ) Tj ET Q q 0 0 0 rg BT 460.14 432.40 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 510.77 432.40 Td (to ) Tj ET Q q 0 0 0 rg BT 520.38 432.40 Td (the ) Tj ET Q q 0 0 0 rg BT 534.99 432.40 Td (liability ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.00 421.60 Td (carrying ) Tj ET Q q 0 0 0 rg BT 104.94 421.60 Td (value ) Tj ET Q q 0 0 0 rg BT 128.38 421.60 Td (were ) Tj ET Q q 0 0 0 rg BT 149.81 421.60 Td (to ) Tj ET Q q 0 0 0 rg BT 159.25 421.60 Td (occur) Tj ET Q q 0 0 0 rg BT 180.76 421.60 Td (, ) Tj ET Q q 0 0 0 rg BT 185.18 421.60 Td (the ) Tj ET Q q 0 0 0 rg BT 199.62 421.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 240.07 421.60 Td (would ) Tj ET Q q 0 0 0 rg BT 265.51 421.60 Td (also ) Tj ET Q q 0 0 0 rg BT 283.95 421.60 Td (recognize ) Tj ET Q q 0 0 0 rg BT 324.90 421.60 Td (a ) Tj ET Q q 0 0 0 rg BT 331.83 421.60 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 390.79 421.60 Td (expense ) Tj ET Q q 0 0 0 rg BT 426.75 421.60 Td (item ) Tj ET Q q 0 0 0 rg BT 445.67 421.60 Td (in ) Tj ET Q q 0 0 0 rg BT 454.61 421.60 Td (its ) Tj ET Q q 0 0 0 rg BT 465.53 421.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 518.00 421.60 Td (statements ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.00 410.80 Td (of ) Tj ET Q q 0 0 0 rg BT 81.13 410.80 Td (income ) Tj ET Q q 0 0 0 rg BT 112.76 410.80 Td (as ) Tj ET Q q 0 0 0 rg BT 124.88 410.80 Td (an ) Tj ET Q q 0 0 0 rg BT 137.51 410.80 Td (element ) Tj ET Q q 0 0 0 rg BT 172.15 410.80 Td (of ) Tj ET Q q 0 0 0 rg BT 182.27 410.80 Td (finance ) Tj ET Q q 0 0 0 rg BT 213.91 410.80 Td (cost. ) Tj ET Q q 0 0 0 rg BT 235.54 410.80 Td (Management ) Tj ET Q q 0 0 0 rg BT 290.69 410.80 Td (will ) Tj ET Q q 0 0 0 rg BT 305.81 410.80 Td (assess ) Tj ET Q q 0 0 0 rg BT 336.44 410.80 Td (estimates ) Tj ET Q q 0 0 0 rg BT 377.57 410.80 Td (of ) Tj ET Q q 0 0 0 rg BT 387.70 410.80 Td (future ) Tj ET Q q 0 0 0 rg BT 413.33 410.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 434.96 410.80 Td (flows ) Tj ET Q q 0 0 0 rg BT 458.08 410.80 Td (related ) Tj ET Q q 0 0 0 rg BT 488.22 410.80 Td (to ) Tj ET Q q 0 0 0 rg BT 498.35 410.80 Td (these ) Tj ET Q q 0 0 0 rg BT 522.98 410.80 Td (employee ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.00 400.00 Td (benefit ) Tj ET Q q 0 0 0 rg BT 100.52 400.00 Td (funding ) Tj ET Q q 0 0 0 rg BT 132.55 400.00 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 190.58 400.00 Td (each ) Tj ET Q q 0 0 0 rg BT 212.60 400.00 Td (period.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 240.11 400.00 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 383.20 Td (Other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 76.50 383.20 Td (Commitments) Tj ET Q BT /F3 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.51 383.20 Td ( ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 366.40 Td ( ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.00 366.40 Td (Iron ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.52 366.40 Td (Ore ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.54 366.40 Td (Contract ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.57 366.40 Td (- ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 147.58 366.40 Td (Stelco ) Tj ET Q q 0 0 0 rg BT 175.61 366.40 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 193.13 366.40 Td (committed ) Tj ET Q q 0 0 0 rg BT 237.66 366.40 Td (to ) Tj ET Q q 0 0 0 rg BT 248.18 366.40 Td (purchasing ) Tj ET Q q 0 0 0 rg BT 295.22 366.40 Td (all ) Tj ET Q q 0 0 0 rg BT 307.24 366.40 Td (of ) Tj ET Q q 0 0 0 rg BT 317.76 366.40 Td (its ) Tj ET Q q 0 0 0 rg BT 329.77 366.40 Td (iron ) Tj ET Q q 0 0 0 rg BT 347.80 366.40 Td (ore ) Tj ET Q q 0 0 0 rg BT 363.82 366.40 Td (requirements ) Tj ET Q q 0 0 0 rg BT 419.36 366.40 Td (up ) Tj ET Q q 0 0 0 rg BT 432.38 366.40 Td (to ) Tj ET Q q 0 0 0 rg BT 442.90 366.40 Td (a ) Tj ET Q q 0 0 0 rg BT 450.92 366.40 Td (specified ) Tj ET Q q 0 0 0 rg BT 489.46 366.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 522.49 366.40 Td (from ) Tj ET Q q 0 0 0 rg BT 543.51 366.40 Td (USS ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 68.00 355.60 Td (through ) Tj ET Q q 0 0 0 rg BT 101.02 355.60 Td (the ) Tj ET Q q 0 0 0 rg BT 116.04 355.60 Td (2021 ) Tj ET Q q 0 0 0 rg BT 138.56 355.60 Td (shipping ) Tj ET Q q 0 0 0 rg BT 174.58 355.60 Td (season.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 206.11 355.60 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 338.80 Td ( ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.00 338.80 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 73.16 338.80 Td (ransition ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.38 338.80 Td (Services ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.65 338.80 Td (Agreements ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.37 338.80 Td (- ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.56 338.80 Td (USS ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.26 338.80 Td (agreed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.48 338.80 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.19 338.80 Td (continue ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.41 338.80 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.11 338.80 Td (provide ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.83 338.80 Td (certain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.04 338.80 Td (business ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.75 338.80 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.97 338.80 Td (transition ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.68 338.80 Td (services ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.88 338.80 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.59 338.80 Td (Stelco ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.80 338.80 Td (Inc. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 551.50 338.80 Td (for ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.00 328.00 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.51 328.00 Td (maximum ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.01 328.00 Td (term ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.51 328.00 Td (expiring ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.53 328.00 Td (no ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.04 328.00 Td (later ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.05 328.00 Td (than ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.06 328.00 Td (June ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.08 328.00 Td (30, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.09 328.00 Td (2019.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 283.61 328.00 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 311.20 Td ( ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.00 311.20 Td (Union ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.79 311.20 Td (Agreements ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.16 311.20 Td (- ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 151.00 311.20 Td (Stelco ) Tj ET Q q 0 0 0 rg BT 178.86 311.20 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 196.21 311.20 Td (has ) Tj ET Q q 0 0 0 rg BT 213.56 311.20 Td (collective ) Tj ET Q q 0 0 0 rg BT 253.42 311.20 Td (bargaining ) Tj ET Q q 0 0 0 rg BT 298.30 311.20 Td (agreements ) Tj ET Q q 0 0 0 rg BT 348.67 311.20 Td (with ) Tj ET Q q 0 0 0 rg BT 367.52 311.20 Td (USW ) Tj ET Q q 0 0 0 rg BT 391.36 311.20 Td (Local ) Tj ET Q q 0 0 0 rg BT 415.72 311.20 Td (8782, ) Tj ET Q q 0 0 0 rg BT 441.09 311.20 Td (USW ) Tj ET Q q 0 0 0 rg BT 464.93 311.20 Td (Local ) Tj ET Q q 0 0 0 rg BT 489.29 311.20 Td (8782\(b\) ) Tj ET Q q 0 0 0 rg BT 523.15 311.20 Td (and ) Tj ET Q q 0 0 0 rg BT 541.01 311.20 Td (USW ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 68.00 300.40 Td (Local ) Tj ET Q q 0 0 0 rg BT 92.02 300.40 Td (1005, ) Tj ET Q q 0 0 0 rg BT 117.04 300.40 Td (each ) Tj ET Q q 0 0 0 rg BT 139.06 300.40 Td (for ) Tj ET Q q 0 0 0 rg BT 152.06 300.40 Td (a ) Tj ET Q q 0 0 0 rg BT 159.56 300.40 Td (term ) Tj ET Q q 0 0 0 rg BT 180.06 300.40 Td (of ) Tj ET Q q 0 0 0 rg BT 190.07 300.40 Td (5 ) Tj ET Q q 0 0 0 rg BT 197.58 300.40 Td (years ) Tj ET Q q 0 0 0 rg BT 222.09 300.40 Td (ending ) Tj ET Q q 0 0 0 rg BT 251.61 300.40 Td (July ) Tj ET Q q 0 0 0 rg BT 270.12 300.40 Td (1, ) Tj ET Q q 0 0 0 rg BT 280.12 300.40 Td (2022.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 302.65 300.40 Td ( ) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 283.60 Td (Operating ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.00 283.60 Td (Leases) Tj ET Q BT /F3 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.53 283.60 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 266.80 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.45 266.80 Td (Company ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.91 266.80 Td (has ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.36 266.80 Td (operating ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.84 266.80 Td (leases ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.79 266.80 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.75 266.80 Td (certain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.70 266.80 Td (machinery) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.55 266.80 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 285.99 266.80 Td (equipment ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.96 266.80 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.92 266.80 Td (rail ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.87 266.80 Td (cars, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.31 266.80 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.26 266.80 Td (lease ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.72 266.80 Td (terms ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.16 266.80 Td (between ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.13 266.80 Td (one ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.09 266.80 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.54 266.80 Td (five ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 537.48 266.80 Td (years. ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 256.00 Td (Additionally) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.36 256.00 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.18 256.00 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.51 256.00 Td (connection ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.36 256.00 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.68 256.00 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.51 256.00 Td (Company) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.87 256.00 Td (s ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.69 256.00 Td (emergence ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.03 256.00 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.35 256.00 Td (CCAA, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.18 256.00 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.01 256.00 Td (Company ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.85 256.00 Td (sold ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.68 256.00 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.01 256.00 Td (leased ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.85 256.00 Td (back ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.19 256.00 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.02 256.00 Td (land ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.35 256.00 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.68 256.00 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 547.01 256.00 Td (HW ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 245.20 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.86 245.20 Td (LEW ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.20 245.20 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.05 245.20 Td (situated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.42 245.20 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.28 245.20 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.13 245.20 Td (25 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.98 245.20 Td (year ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.33 245.20 Td (lease.) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.35 245.20 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.19 245.20 Td ( ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 237.03 245.20 Td (In ) Tj ET Q q 0 0 0 rg BT 247.38 245.20 Td (connection ) Tj ET Q q 0 0 0 rg BT 293.75 245.20 Td (with ) Tj ET Q q 0 0 0 rg BT 312.60 245.20 Td (the ) Tj ET Q q 0 0 0 rg BT 327.95 245.20 Td (Lands ) Tj ET Q q 0 0 0 rg BT 355.32 245.20 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 400.69 245.20 Td (on ) Tj ET Q q 0 0 0 rg BT 413.54 245.20 Td (June ) Tj ET Q q 0 0 0 rg BT 435.90 245.20 Td (5, ) Tj ET Q q 0 0 0 rg BT 446.25 245.20 Td (2018, ) Tj ET Q q 0 0 0 rg BT 471.61 245.20 Td (the ) Tj ET Q q 0 0 0 rg BT 486.96 245.20 Td (HW ) Tj ET Q q 0 0 0 rg BT 504.80 245.20 Td (and ) Tj ET Q q 0 0 0 rg BT 522.66 245.20 Td (LEW ) Tj ET Q q 0 0 0 rg BT 545.00 245.20 Td (land ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 234.40 Td (leases ) Tj ET Q q 0 0 0 rg BT 77.56 234.40 Td (were ) Tj ET Q q 0 0 0 rg BT 98.60 234.40 Td (terminated ) Tj ET Q q 0 0 0 rg BT 142.66 234.40 Td (and ) Tj ET Q q 0 0 0 rg BT 159.22 234.40 Td (the ) Tj ET Q q 0 0 0 rg BT 173.27 234.40 Td (associated ) Tj ET Q q 0 0 0 rg BT 217.84 234.40 Td (rental ) Tj ET Q q 0 0 0 rg BT 241.89 234.40 Td (payments ) Tj ET Q q 0 0 0 rg BT 282.45 234.40 Td (were ) Tj ET Q q 0 0 0 rg BT 303.49 234.40 Td (canceled. ) Tj ET Q q 0 0 0 rg BT 343.56 234.40 Td (Refer ) Tj ET Q q 0 0 0 rg BT 367.11 234.40 Td (to ) Tj ET Q q 0 0 0 rg BT 376.15 234.40 Td (note ) Tj ET Q q 0 0 0 rg BT 395.21 234.40 Td (5 ) Tj ET Q q 0 0 0 rg BT 401.75 234.40 Td (of ) Tj ET Q q 0 0 0 rg BT 410.80 234.40 Td (the ) Tj ET Q q 0 0 0 rg BT 424.85 234.40 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 478.93 234.40 Td (Financial ) Tj ET Q q 0 0 0 rg BT 516.48 234.40 Td (Statements ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 223.60 Td (for ) Tj ET Q q 0 0 0 rg BT 63.00 223.60 Td (further ) Tj ET Q q 0 0 0 rg BT 91.52 223.60 Td (details.) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.03 223.60 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 206.80 Td (Finance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.51 206.80 Td (Leases) Tj ET Q BT /F3 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.03 206.80 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 190.00 Td (As ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 62.10 190.00 Td (at ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.21 190.00 Td (September ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.83 190.00 Td (30, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.95 190.00 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.97 190.00 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.07 190.00 Td (Stelco ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.68 190.00 Td (has ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.79 190.00 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.40 190.00 Td (finance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.02 190.00 Td (lease ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.14 190.00 Td (obligation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.27 190.00 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.88 190.00 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.48 190.00 Td (carrying ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.09 190.00 Td (value ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.21 190.00 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.32 190.00 Td ($7 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.93 190.00 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.43 190.00 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.03 190.00 Td (\(December ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.15 190.00 Td (31, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.26 190.00 Td (2017 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.88 190.00 Td (- ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.48 190.00 Td ($24million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 556.50 190.00 Td (\), ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 179.20 Td (associated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.07 179.20 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.11 179.20 Td (certain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.17 179.20 Td (equipment ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.24 179.20 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.30 179.20 Td (buildings ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.86 179.20 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.92 179.20 Td (its ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.96 179.20 Td (consolidated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.54 179.20 Td (balance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.10 179.20 Td (sheets. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.16 179.20 Td (During ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.72 179.20 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.27 179.20 Td (second ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.33 179.20 Td (quarter ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.89 179.20 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.44 179.20 Td (2018, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 537.00 179.20 Td (Stelco ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 168.40 Td (acquired ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.91 168.40 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.81 168.40 Td (Lands ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.72 168.40 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.10 168.40 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.00 168.40 Td (Land ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.41 168.40 Td (V) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.92 168.40 Td (ehicle ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.82 168.40 Td (resulting ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.22 168.40 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.61 168.40 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.51 168.40 Td (derecognition ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.94 168.40 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.83 168.40 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.73 168.40 Td (Company's ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.85 168.40 Td (building ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.26 168.40 Td (finance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.67 168.40 Td (lease ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.57 168.40 Td (obligation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.49 168.40 Td (of ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 157.60 Td ($24million) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.02 157.60 Td (. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.02 157.60 Td (Refer ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.53 157.60 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.54 157.60 Td (note ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.56 157.60 Td (5) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.56 157.60 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.06 157.60 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.07 157.60 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.08 157.60 Td (Consolidated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.12 157.60 Td (Financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.63 157.60 Td (Statements ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.66 157.60 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.66 157.60 Td (further ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.17 157.60 Td (details.) Tj ET Q BT /F3 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 140.80 Td (Claims ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.01 140.80 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.52 140.80 Td (litigation) Tj ET Q BT /F3 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.01 140.80 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 124.00 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.90 124.00 Td (Company ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.81 124.00 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.71 124.00 Td (involved ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.12 124.00 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.52 124.00 Td (various ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.92 124.00 Td (claims ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.82 124.00 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.23 124.00 Td (litigation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.64 124.00 Td (arising ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.54 124.00 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.94 124.00 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.85 124.00 Td (normal ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.75 124.00 Td (course ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.16 124.00 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.06 124.00 Td (business. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.47 124.00 Td (While ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.37 124.00 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.27 124.00 Td (final ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.17 124.00 Td (outcome ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.09 124.00 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.99 124.00 Td (such ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 113.20 Td (legal ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.64 113.20 Td (proceedings ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.30 113.20 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.94 113.20 Td (actions ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.08 113.20 Td (cannot ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.73 113.20 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.36 113.20 Td (predicted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.01 113.20 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.64 113.20 Td (certainty) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.99 113.20 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.11 113.20 Td (it ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.24 113.20 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.36 113.20 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.50 113.20 Td (opinion ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.15 113.20 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.28 113.20 Td (management ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.44 113.20 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.08 113.20 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.21 113.20 Td (resolution ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.86 113.20 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.99 113.20 Td (such ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 102.40 Td (proceedings ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.61 102.40 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.21 102.40 Td (actions ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.30 102.40 Td (will ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.38 102.40 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.46 102.40 Td (have ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.56 102.40 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.14 102.40 Td (material ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.73 102.40 Td (impact ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.81 102.40 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.40 102.40 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.49 102.40 Td (Company) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.85 102.40 Td (s ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.92 102.40 Td (consolidated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.04 102.40 Td (balance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.14 102.40 Td (sheets, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.74 102.40 Td (results ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.82 102.40 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.91 102.40 Td (operations, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.01 102.40 Td (or ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 91.60 Td (cash ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 71.51 91.60 Td (flows.) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.52 91.60 Td ( ) Tj ET Q endstream endobj 41 0 obj <> endobj 42 0 obj <> stream BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 771.50 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 214.60 771.50 Td (AND ) Tj ET Q q 0 0 0 rg BT 241.08 771.50 Td (ANAL) Tj ET Q q 0 0 0 rg BT 270.62 771.50 Td (YSIS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.40 24.25 Td (19) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 749.45 Td (Contractual ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.51 749.45 Td (Obligations) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 732.65 Td (The following table sets out a summary of our future contractual obligations as at ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 373.67 732.65 Td (September 30, 2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.23 732.65 Td (:) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 694.15 m 318.5 694.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 318.5 694.15 m 379.5 694.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 379.5 694.15 m 440.5 694.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.5 694.15 m 501.5 694.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 501.5 694.15 m 562.5 694.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 596.15 m 318.5 596.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 318.5 596.15 m 379.5 596.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 379.5 596.15 m 440.5 596.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 440.5 596.15 m 501.5 596.15 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 501.5 596.15 m 562.5 596.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 582.15 m 318.5 582.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318.5 582.15 m 379.5 582.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 582.15 m 440.5 582.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 582.15 m 501.5 582.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 582.15 m 562.5 582.15 l s BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 387.95 712.55 Td (Payments due by period) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 698.55 Td (\(millions of Canadian dollars\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 355.15 698.55 Td (T) Tj ET Q q 0 0 0 rg BT 360.31 698.55 Td (otal) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 411.20 698.55 Td (2018 ) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 433.72 702.84 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.45 698.55 Td (2019 to 2022) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 514.95 698.55 Td (Thereafter) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 684.55 Td (T) Tj ET Q q 0 0 0 rg BT 58.33 684.55 Td (rade payables) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 321.00 684.55 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 360.95 684.55 Td (162) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.00 684.55 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 421.95 684.55 Td (162) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 443.00 684.55 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 489.00 684.55 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 504.00 684.55 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.00 684.55 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 670.55 Td (Inventory monetization arrangement) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 360.95 670.55 Td (160) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 421.95 670.55 Td (160) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 489.00 670.55 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.00 670.55 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 656.55 Td (Operating leases) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 370.95 656.55 Td (9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 431.95 656.55 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 492.95 656.55 Td (7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.00 656.55 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 642.55 Td (Finance lease obligations) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 370.95 642.55 Td (8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 428.00 642.55 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 492.95 642.55 Td (4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 553.95 642.55 Td (4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 628.55 Td (Purchase obligations - non-capital ) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 191.08 632.84 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 360.95 628.55 Td (366) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 421.95 628.55 Td (157) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.95 628.55 Td (131) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 548.95 628.55 Td (78) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 614.55 Td (Purchase obligations - capital) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 365.95 614.55 Td (58) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 426.95 614.55 Td (10) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 487.95 614.55 Td (48) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 550.00 614.55 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 600.55 Td (Obligations to independent employee trusts ) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 228.61 604.84 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 353.45 600.55 Td (1,204) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 431.95 600.55 Td (9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.95 600.55 Td (352) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.95 600.55 Td (843) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 586.55 Td (T) Tj ET Q q 0 0 0 rg BT 57.83 586.55 Td (otal Contractual Obligations) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 321.00 586.55 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 353.45 586.55 Td (1,967) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.00 586.55 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 421.95 586.55 Td (500) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 443.00 586.55 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 482.95 586.55 Td (542) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 504.00 586.55 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.95 586.55 Td (925) Tj ET Q BT /F1 10.00 Tf ET BT /F2 7.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 568.25 Td (1 Purchase Obligations non-capital includes contractual commitments for the purchase of raw materials, energy and material processing.) Tj ET Q BT /F2 7.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 559.85 Td (2 Represents estimated undiscounted cashflows related to the obligations to independent employee trusts.) Tj ET Q BT /F2 7.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 551.45 Td (3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 61.29 551.45 Td (Amounts pertains to the remaining three months of 2018.) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 534.65 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.78 534.65 Td (Company) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.13 534.65 Td (s ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.91 534.65 Td (contractual ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.20 534.65 Td (obligations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.50 534.65 Td (can ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.28 534.65 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.57 534.65 Td (funded ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.36 534.65 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.14 534.65 Td (existing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.93 534.65 Td (cash ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.21 534.65 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.49 534.65 Td (hand, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.28 534.65 Td (cash ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.57 534.65 Td (flow ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.84 534.65 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.11 534.65 Td (operations, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.91 534.65 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.19 534.65 Td (inventory ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.98 534.65 Td (monetization ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 523.85 Td (arrangement ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.53 523.85 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 120.55 523.85 Td (ABL) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.23 523.85 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.73 523.85 Td (credit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.24 523.85 Td (facility) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.57 523.85 Td (.) Tj ET Q BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 504.65 Td (Related Party T) Tj ET Q q 0 0 0 rg BT 129.48 504.65 Td (ransactions) Tj ET Q BT /F3 11.00 Tf ET BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 487.85 Td (Parties ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.76 487.85 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.52 487.85 Td (considered ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.30 487.85 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.55 487.85 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.31 487.85 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.58 487.85 Td (if ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.83 487.85 Td (one ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.59 487.85 Td (party ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.35 487.85 Td (has ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.61 487.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.87 487.85 Td (ability ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.63 487.85 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.89 487.85 Td (control, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.15 487.85 Td (jointly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.91 487.85 Td (control ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.67 487.85 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.43 487.85 Td (exercise ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.69 487.85 Td (significant ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.46 487.85 Td (influence ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.23 487.85 Td (over ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.49 487.85 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 477.05 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.32 477.05 Td (party ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.13 477.05 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.94 477.05 Td (making ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.75 477.05 Td (financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.58 477.05 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.38 477.05 Td (operating ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.71 477.05 Td (decisions. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.42 477.05 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.73 477.05 Td (definition ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.56 477.05 Td (includes ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.39 477.05 Td (subsidiaries, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.21 477.05 Td (joint ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.53 477.05 Td (ventures, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.35 477.05 Td (investments ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.17 477.05 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.98 477.05 Td (associates, ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 466.25 Td (among ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.02 466.25 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.03 466.25 Td (entities ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.05 466.25 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.57 466.25 Td (persons.) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.09 466.25 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 449.45 Td (Upon ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.93 449.45 Td (being ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.36 449.45 Td (acquired ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.30 449.45 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.73 449.45 Td (June ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.66 449.45 Td (30, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.58 449.45 Td (2017, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.52 449.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.44 449.45 Td (Company ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.38 449.45 Td (became ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.81 449.45 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.23 449.45 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.16 449.45 Td (party ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.58 449.45 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.50 449.45 Td (Bedrock. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.34 449.45 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.26 449.45 Td (Company ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.20 449.45 Td (has ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.12 449.45 Td (executed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 503.06 449.45 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.48 449.45 Td (management ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 438.65 Td (services ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.44 438.65 Td (agreement ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.90 438.65 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.34 438.65 Td (an ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.78 438.65 Td (af) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.13 438.65 Td (filiate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.57 438.65 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.51 438.65 Td (Bedrock ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.96 438.65 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.41 438.65 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.85 438.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.80 438.65 Td (Company ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.75 438.65 Td (will ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.68 438.65 Td (receive ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.12 438.65 Td (senior ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.07 438.65 Td (management, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.54 438.65 Td (commercial, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.48 438.65 Td (business ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 427.85 Td (development, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.11 427.85 Td (operating, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.22 427.85 Td (financial, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.82 427.85 Td (human ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.42 427.85 Td (resources, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.52 427.85 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.61 427.85 Td (executive ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.71 427.85 Td (recruitment ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.80 427.85 Td (services, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.39 427.85 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.98 427.85 Td (well ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.56 427.85 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.14 427.85 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.74 427.85 Td (services ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.82 427.85 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 531.91 427.85 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 551.99 427.85 Td (be ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 417.05 Td (required ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.56 417.05 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.09 417.05 Td (time ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.63 417.05 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.67 417.05 Td (time. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.71 417.05 Td (Fees ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.25 417.05 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.29 417.05 Td (services ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.83 417.05 Td (will ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.86 417.05 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.41 417.05 Td (based ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.46 417.05 Td (upon ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.02 417.05 Td (actual ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.57 417.05 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.11 417.05 Td (incurred ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.16 417.05 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.20 417.05 Td (Bedrock, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.25 417.05 Td (plus ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.30 417.05 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.84 417.05 Td (2% ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.38 417.05 Td (mark-up ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.92 417.05 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.47 417.05 Td (management ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 406.25 Td (services ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.41 406.25 Td (fees ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.82 406.25 Td (up ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.23 406.25 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.14 406.25 Td ($5 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.55 406.25 Td (million, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.96 406.25 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.38 406.25 Td (any ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.29 406.25 Td (services ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.70 406.25 Td (above ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.62 406.25 Td ($5 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.03 406.25 Td (million ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.94 406.25 Td (will ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.84 406.25 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.25 406.25 Td (reimbursed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.67 406.25 Td (at ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.58 406.25 Td (cost. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.83 406.25 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.74 406.25 Td (Company ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.66 406.25 Td (has ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.57 406.25 Td (incurred ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.49 406.25 Td (expenses ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 395.45 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.15 395.45 Td ($2 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.80 395.45 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.31 395.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.95 395.45 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.61 395.45 Td ($4 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.27 395.45 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.77 395.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.42 395.45 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.56 395.45 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.72 395.45 Td (three ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.88 395.45 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.53 395.45 Td (nine) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.55 395.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.19 395.45 Td (months ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.35 395.45 Td (ended ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.02 395.45 Td (September ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.69 395.45 Td (30, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.84 395.45 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.87 395.45 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.01 395.45 Td (respectively) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.86 395.45 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.00 395.45 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.65 395.45 Td (management ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.83 395.45 Td (services ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.48 395.45 Td (provided ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 384.65 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 62.01 384.65 Td (Bedrock ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.52 384.65 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.04 384.65 Td (its ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.54 384.65 Td (af) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.88 384.65 Td (filiated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.40 384.65 Td (entities. ) Tj ET Q BT /F5 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 367.85 Td (Subsidiaries) Tj ET Q BT /F5 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.52 367.85 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 351.05 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 55.16 351.05 Td (ransactions ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.95 351.05 Td (between ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.74 351.05 Td (Stelco ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.51 351.05 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.29 351.05 Td (its ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.05 351.05 Td (subsidiaries ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.34 351.05 Td (meet ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.11 351.05 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.38 351.05 Td (definition ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.17 351.05 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.44 351.05 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.72 351.05 Td (party ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.49 351.05 Td (transactions. ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.16 351.05 Td (These ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.93 351.05 Td (transactions ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.22 351.05 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.99 351.05 Td (eliminated ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 340.25 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 62.51 340.25 Td (consolidation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.55 340.25 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.06 340.25 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.57 340.25 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.58 340.25 Td (disclosed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.61 340.25 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.11 340.25 Td (these ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.63 340.25 Td (consolidated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.67 340.25 Td (financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.19 340.25 Td (statements.) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.71 340.25 Td ( ) Tj ET Q BT /F5 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 323.45 Td (Key Management Personnel) Tj ET Q BT /F5 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.04 323.45 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 306.65 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 69.03 306.65 Td (Company) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.39 306.65 Td (s ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.41 306.65 Td (key ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.94 306.65 Td (management ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.99 306.65 Td (personnel, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.55 306.65 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.09 306.65 Td (persons ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.63 306.65 Td (connected ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.69 306.65 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.21 306.65 Td (them, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.25 306.65 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.78 306.65 Td (also ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.81 306.65 Td (considered ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.36 306.65 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.39 306.65 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.93 306.65 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.97 306.65 Td (parties ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 551.50 306.65 Td (for ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 295.85 Td (disclosure ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.73 295.85 Td (purposes. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.47 295.85 Td (Key ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.19 295.85 Td (management ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.94 295.85 Td (personnel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.68 295.85 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.90 295.85 Td (defined ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.64 295.85 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.36 295.85 Td (those ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.59 295.85 Td (individuals ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.83 295.85 Td (having ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.56 295.85 Td (authority ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.29 295.85 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.52 295.85 Td (responsibility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.76 295.85 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 525.48 295.85 Td (planning, ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 285.05 Td (directing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.83 285.05 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.65 285.05 Td (controlling ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.48 285.05 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.80 285.05 Td (activities ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.11 285.05 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.43 285.05 Td (Stelco ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.25 285.05 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.07 285.05 Td (comprise ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.39 285.05 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.71 285.05 Td (Executive ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.53 285.05 Td (Senior ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.36 285.05 Td (Leadership ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.58 285.05 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.08 285.05 Td (eam ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.39 285.05 Td (\(ESL) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.73 285.05 Td (T\). ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.54 285.05 Td (Prior ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.35 285.05 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.66 285.05 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.98 285.05 Td (emergence ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 274.25 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.78 274.25 Td (CCAA, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.07 274.25 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.36 274.25 Td (ESL) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.70 274.25 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.04 274.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.82 274.25 Td (comprised ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.12 274.25 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 195.40 274.25 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.70 274.25 Td (President ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.50 274.25 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.30 274.25 Td (General ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 304.10 274.25 Td (Manager) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.12 274.25 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.40 274.25 Td (Chief ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.19 274.25 Td (Restructuring ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.50 274.25 Td (Of) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.83 274.25 Td (ficer ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.62 274.25 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.42 274.25 Td (certain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.21 274.25 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.50 274.25 Td (members ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 263.45 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.53 263.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.07 263.45 Td (senior ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.61 263.45 Td (management ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.17 263.45 Td (team ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.21 263.45 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.74 263.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.28 263.45 Td (Company) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.13 263.45 Td (. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.66 263.45 Td (Ef) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.00 263.45 Td (fective ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.04 263.45 Td (July ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.07 263.45 Td (1, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.61 263.45 Td (2017, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 332.16 263.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.70 263.45 Td (ESL) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.04 263.45 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.37 263.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.40 263.45 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 378.93 263.45 Td (comprised ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.47 263.45 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.01 263.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.54 263.45 Td (Chief ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.58 263.45 Td (Executive ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.63 263.45 Td (Of) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.97 263.45 Td (ficer) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 536.47 263.45 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.00 263.45 Td (Chief ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 252.65 Td (Financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.28 252.65 Td (Of) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.62 252.65 Td (ficer) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.12 252.65 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.88 252.65 Td (Chief ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.16 252.65 Td (Operating ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 183.94 252.65 Td (Of) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.28 252.65 Td (ficer) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 209.79 252.65 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.55 252.65 Td (Executive ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.83 252.65 Td (V) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.67 252.65 Td (ice-President, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.95 252.65 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.23 252.65 Td (General ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.51 252.65 Td (Counsel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.79 252.65 Td (& ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.06 252.65 Td (Corporate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 456.34 252.65 Td (Secretary ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.11 252.65 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.88 252.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.65 252.65 Td (Company) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 559.50 252.65 Td (.) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 235.85 Td (During ) Tj ET Q q 0 0 0 rg BT 79.23 235.85 Td (the ) Tj ET Q q 0 0 0 rg BT 94.47 235.85 Td (three ) Tj ET Q q 0 0 0 rg BT 117.70 235.85 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 135.44 235.85 Td (nine ) Tj ET Q q 0 0 0 rg BT 155.18 235.85 Td (months ) Tj ET Q q 0 0 0 rg BT 187.41 235.85 Td (ended ) Tj ET Q q 0 0 0 rg BT 215.16 235.85 Td (September ) Tj ET Q q 0 0 0 rg BT 261.91 235.85 Td (30, ) Tj ET Q q 0 0 0 rg BT 277.14 235.85 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 297.16 235.85 Td (, ) Tj ET Q q 0 0 0 rg BT 302.38 235.85 Td (Stelco ) Tj ET Q q 0 0 0 rg BT 330.12 235.85 Td (recorded ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 368.36 235.85 Td ($1 ) Tj ET Q q 0 0 0 rg BT 381.09 235.85 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 406.60 235.85 Td ( ) Tj ET Q q 0 0 0 rg BT 409.32 235.85 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 427.06 235.85 Td ($3 ) Tj ET Q q 0 0 0 rg BT 439.79 235.85 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.30 235.85 Td (, ) Tj ET Q q 0 0 0 rg BT 470.52 235.85 Td (respectively ) Tj ET Q q 0 0 0 rg BT 520.76 235.85 Td (\() Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 523.76 235.85 Td (three ) Tj ET Q q 0 0 0 rg BT 546.99 235.85 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 225.05 Td (nine) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 67.02 225.05 Td ( ) Tj ET Q q 0 0 0 rg BT 70.58 225.05 Td (months ) Tj ET Q q 0 0 0 rg BT 103.66 225.05 Td (ended ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 132.26 225.05 Td (September30, ) Tj ET Q q 0 0 0 rg BT 194.86 225.05 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 214.88 225.05 Td ( ) Tj ET Q q 0 0 0 rg BT 218.45 225.05 Td (- ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 225.02 225.05 Td ($1 ) Tj ET Q q 0 0 0 rg BT 238.59 225.05 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 264.10 225.05 Td ( ) Tj ET Q q 0 0 0 rg BT 267.67 225.05 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 286.25 225.05 Td ($3 ) Tj ET Q q 0 0 0 rg BT 299.83 225.05 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 325.33 225.05 Td (, ) Tj ET Q q 0 0 0 rg BT 331.40 225.05 Td (respectively\) ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 385.48 225.05 Td (as ) Tj ET Q q 0 0 0 rg BT 398.56 225.05 Td (an ) Tj ET Q q 0 0 0 rg BT 412.14 225.05 Td (expense ) Tj ET Q q 0 0 0 rg BT 449.73 225.05 Td (related ) Tj ET Q q 0 0 0 rg BT 480.82 225.05 Td (to ) Tj ET Q q 0 0 0 rg BT 491.89 225.05 Td (key ) Tj ET Q q 0 0 0 rg BT 509.46 225.05 Td (management ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (personnel ) Tj ET Q q 0 0 0 rg BT 92.03 214.25 Td (salaries ) Tj ET Q q 0 0 0 rg BT 125.54 214.25 Td (and ) Tj ET Q q 0 0 0 rg BT 143.06 214.25 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 179.58 214.25 Td (post-employment ) Tj ET Q q 0 0 0 rg BT 251.11 214.25 Td (pension ) Tj ET Q q 0 0 0 rg BT 285.14 214.25 Td (and ) Tj ET Q q 0 0 0 rg BT 302.65 214.25 Td (medical ) Tj ET Q q 0 0 0 rg BT 336.17 214.25 Td (and ) Tj ET Q q 0 0 0 rg BT 353.68 214.25 Td (termination ) Tj ET Q q 0 0 0 rg BT 400.71 214.25 Td (benefits.) Tj ET Q BT /F2 9.00 Tf ET endstream endobj 43 0 obj <> endobj 44 0 obj <> stream BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 771.50 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 214.60 771.50 Td (AND ) Tj ET Q q 0 0 0 rg BT 241.08 771.50 Td (ANAL) Tj ET Q q 0 0 0 rg BT 270.62 771.50 Td (YSIS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.40 24.25 Td (20) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 748.00 Td (Selected Quarterly Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.76 748.00 Td ( ) Tj ET Q 1 1 1 rg /GS0 gs 306.50 695.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 338.50 695.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 370.50 695.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 402.50 695.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 434.50 695.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 466.50 695.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 498.50 695.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 306.50 667.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 338.50 667.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 370.50 667.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 402.50 667.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 434.50 667.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 466.50 667.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 498.50 667.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 306.50 639.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 338.50 639.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 370.50 639.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 402.50 639.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 434.50 639.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 466.50 639.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 498.50 639.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 306.50 611.50 32.00 -7.00 re f /GS0 gs 1 1 1 rg /GS0 gs 338.50 611.50 32.00 -7.00 re f /GS0 gs 1 1 1 rg /GS0 gs 370.50 611.50 32.00 -7.00 re f /GS0 gs 1 1 1 rg /GS0 gs 402.50 611.50 32.00 -7.00 re f /GS0 gs 1 1 1 rg /GS0 gs 434.50 611.50 32.00 -7.00 re f /GS0 gs 1 1 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/GS0 gs 466.50 478.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 498.50 478.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 306.50 450.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 338.50 450.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 370.50 450.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 402.50 450.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 434.50 450.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 466.50 450.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 498.50 450.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 306.50 430.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 338.50 430.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 370.50 430.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 402.50 430.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 434.50 430.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 466.50 430.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 498.50 430.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 306.50 402.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 338.50 402.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 370.50 402.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 402.50 402.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 434.50 402.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 466.50 402.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 498.50 402.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 306.50 374.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 338.50 374.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 370.50 374.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 402.50 374.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 434.50 374.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 466.50 374.50 32.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 498.50 374.50 32.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 709.5 m 306.5 709.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 306.5 723.5 m 306.5 709.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 306.5 723.5 m 338.5 723.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 306.5 709.5 m 338.5 709.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338.5 723.5 m 370.5 723.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338.5 709.5 m 370.5 709.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 370.5 723.5 m 402.5 723.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 370.5 709.5 m 402.5 709.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 723.5 m 402.5 709.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 723.5 m 434.5 723.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 709.5 m 434.5 709.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434.5 723.5 m 466.5 723.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 434.5 709.5 m 466.5 709.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 466.5 723.5 m 498.5 723.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 466.5 709.5 m 498.5 709.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 530.5 723.5 m 530.5 709.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 723.5 m 530.5 723.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 709.5 m 530.5 709.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 530.5 723.5 m 562.5 723.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 530.5 709.5 m 562.5 709.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 306.5 709.5 m 306.5 695.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 709.5 m 402.5 695.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 530.5 709.5 m 530.5 695.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 306.5 695.5 m 306.5 681.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 695.5 m 402.5 681.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 695.5 m 402.5 681.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 530.5 695.5 m 530.5 681.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 306.5 681.5 m 306.5 667.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 681.5 m 402.5 667.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 681.5 m 402.5 667.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 530.5 681.5 m 530.5 667.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 306.5 667.5 m 306.5 653.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 667.5 m 402.5 653.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 667.5 m 402.5 653.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 530.5 667.5 m 530.5 653.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 306.5 653.5 m 306.5 639.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 653.5 m 402.5 639.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 653.5 m 402.5 639.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 530.5 653.5 m 530.5 639.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 306.5 639.5 m 306.5 625.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 639.5 m 402.5 625.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 639.5 m 402.5 625.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 530.5 639.5 m 530.5 625.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 306.5 625.5 m 306.5 611.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 625.5 m 402.5 611.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 625.5 m 402.5 611.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 530.5 625.5 m 530.5 611.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 306.5 611.5 m 306.5 604.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 611.5 m 402.5 604.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 611.5 m 402.5 604.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 530.5 611.5 m 530.5 604.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 306.5 604.5 m 306.5 590.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 604.5 m 402.5 590.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 604.5 m 402.5 590.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 530.5 604.5 m 530.5 590.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 306.5 590.5 m 306.5 576.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 590.5 m 402.5 576.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 590.5 m 402.5 576.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 530.5 590.5 m 530.5 576.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 306.5 576.5 m 306.5 562.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 576.5 m 402.5 562.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 576.5 m 402.5 562.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 530.5 576.5 m 530.5 562.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 306.5 562.5 m 306.5 548.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 562.5 m 402.5 548.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 562.5 m 402.5 548.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 530.5 562.5 m 530.5 548.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 306.5 548.5 m 306.5 534.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 548.5 m 402.5 534.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 530.5 548.5 m 530.5 534.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 306.5 534.5 m 306.5 520.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 534.5 m 402.5 520.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 530.5 534.5 m 530.5 520.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 306.5 520.5 m 306.5 506.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 520.5 m 402.5 506.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 530.5 520.5 m 530.5 506.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 306.5 506.5 m 306.5 492.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 506.5 m 402.5 492.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 530.5 506.5 m 530.5 492.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 306.5 492.5 m 306.5 478.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 492.5 m 402.5 478.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 530.5 492.5 m 530.5 478.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 306.5 478.5 m 306.5 464.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 478.5 m 402.5 464.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 478.5 m 402.5 464.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 530.5 478.5 m 530.5 464.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 530.5 478.5 m 530.5 464.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 306.5 464.5 m 306.5 450.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 464.5 m 402.5 450.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 464.5 m 402.5 450.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 530.5 464.5 m 530.5 450.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 306.5 450.5 m 306.5 436.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 450.5 m 402.5 436.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 450.5 m 402.5 436.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 530.5 450.5 m 530.5 436.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 306.5 436.5 m 306.5 430.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 436.5 m 402.5 430.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 530.5 436.5 m 530.5 430.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 306.5 430.5 m 306.5 416.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 430.5 m 402.5 416.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 430.5 m 402.5 416.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 530.5 430.5 m 530.5 416.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 306.5 416.5 m 306.5 402.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 416.5 m 402.5 402.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 416.5 m 402.5 402.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 530.5 416.5 m 530.5 402.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 306.5 402.5 m 306.5 388.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 402.5 m 402.5 388.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 402.5 m 402.5 388.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 530.5 402.5 m 530.5 388.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 306.5 388.5 m 306.5 374.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 388.5 m 402.5 374.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 388.5 m 402.5 374.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 530.5 388.5 m 530.5 374.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 360.5 m 306.5 360.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 306.5 374.5 m 306.5 360.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 360.5 m 338.5 360.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 360.5 m 370.5 360.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 374.5 m 402.5 360.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 360.5 m 402.5 360.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 402.5 374.5 m 402.5 360.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 360.5 m 434.5 360.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 360.5 m 466.5 360.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 360.5 m 498.5 360.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 530.5 374.5 m 530.5 360.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 360.5 m 530.5 360.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 530.5 360.5 m 562.5 360.5 l s BT /F2 8.70 Tf ET q 0 0 0 rg BT 53.00 727.87 Td (\(millions of Canadian dollars, except where otherwise noted\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 343.95 727.90 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.95 727.90 Td (2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.95 727.90 Td (2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 713.90 Td (As at and for the three months ended ) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 204.10 718.19 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 322.95 713.90 Td (Q3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 354.95 713.90 Td (Q2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 386.95 713.90 Td (Q1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 418.95 713.90 Td (Q4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 450.95 713.90 Td (Q3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 482.95 713.90 Td (Q2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 514.95 713.90 Td (Q1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 546.95 713.90 Td (Q4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 699.90 Td (Financial results) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 685.90 Td (T) Tj ET Q q 0 0 0 rg BT 58.00 685.90 Td (otal revenue) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 309.00 685.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 319.95 685.90 Td (619) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 341.00 685.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 351.95 685.90 Td (71) Tj ET Q q 0 0 0 rg BT 361.96 685.90 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 373.00 685.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 383.95 685.90 Td (482) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 405.00 685.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.95 685.90 Td (452) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 437.00 685.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.95 685.90 Td (336) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.00 685.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.95 685.90 Td (427) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 501.00 685.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 511.95 685.90 Td (386) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.00 685.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 685.90 Td (312) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 671.90 Td (Steel products) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 319.95 671.90 Td (574) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 351.95 671.90 Td (672) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 383.95 671.90 Td (467) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.95 671.90 Td (425) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.95 671.90 Td (326) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.95 671.90 Td (415) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 511.95 671.90 Td (380) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 671.90 Td (306) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 657.90 Td (Non-steel products) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.95 657.90 Td (45) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 356.95 657.90 Td (39) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 388.95 657.90 Td (15) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.95 657.90 Td (27) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 452.95 657.90 Td (10) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 484.95 657.90 Td (12) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 521.95 657.90 Td (6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 657.90 Td (6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 643.90 Td (Gross profit \(loss\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 319.95 643.90 Td (149) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 351.95 643.90 Td (175) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 388.95 643.90 Td (68) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.95 643.90 Td (69) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 452.95 643.90 Td (12) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 484.95 643.90 Td (65) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 516.95 643.90 Td (46) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.95 643.90 Td (\(12) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 559.00 643.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 629.90 Td (Selling, general and administrative expenses) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.95 629.90 Td (12) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 356.95 629.90 Td (14) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 388.95 629.90 Td (1) Tj ET Q q 0 0 0 rg BT 393.96 629.90 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.95 629.90 Td (15) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 452.95 629.90 Td (12) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 484.95 629.90 Td (40) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 516.95 629.90 Td (10) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 629.90 Td (5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 615.90 Td (Net income \(loss\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 319.95 615.90 Td (123) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.95 615.90 Td (\(12) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 367.00 615.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 388.95 615.90 Td (28) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.95 615.90 Td (16) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 449.95 615.90 Td (\(13) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.00 615.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.45 615.90 Td (3,593) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 513.95 615.90 Td (\(17) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 527.00 615.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.95 615.90 Td (\(83) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 559.00 615.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 594.90 Td (Adjusted net income \(loss\) ) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 161.55 599.19 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 319.95 594.90 Td (131) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 351.95 594.90 Td (153) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 388.95 594.90 Td (49) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.95 594.90 Td (49) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 454.95 594.90 Td (\(9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.00 594.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.95 594.90 Td (\(3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 495.00 594.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 521.95 594.90 Td (8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 545.95 594.90 Td (\(47) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 559.00 594.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 580.90 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 122.53 580.90 Td ( ) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 125.04 585.19 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 319.95 580.90 Td (154) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 351.95 580.90 Td (175) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 388.95 580.90 Td (70) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.95 580.90 Td (69) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 457.95 580.90 Td (7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 484.95 580.90 Td (76) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 516.95 580.90 Td (64) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.95 580.90 Td (20) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 566.90 Td (T) Tj ET Q q 0 0 0 rg BT 57.50 566.90 Td (arif) Tj ET Q q 0 0 0 rg BT 69.84 566.90 Td (f ) Tj ET Q q 0 0 0 rg BT 74.34 566.90 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 143.88 566.90 Td ( ) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 146.38 571.19 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 319.95 566.90 Td (193) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 351.95 566.90 Td (186) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 388.95 566.90 Td (70) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.95 566.90 Td (69) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 457.95 566.90 Td (7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 484.95 566.90 Td (76) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 516.95 566.90 Td (64) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.95 566.90 Td (20) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 538.90 Td (Financial position) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 524.90 Td (T) Tj ET Q q 0 0 0 rg BT 58.00 524.90 Td (otal assets) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 312.45 524.90 Td (1,281) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 344.45 524.90 Td (1,317) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 383.95 524.90 Td (946) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 408.45 524.90 Td (1,035) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.95 524.90 Td (850) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.95 524.90 Td (854) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 511.95 524.90 Td (n.a.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.45 524.90 Td (1,200) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 510.90 Td (T) Tj ET Q q 0 0 0 rg BT 58.00 510.90 Td (otal non-current liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 319.95 510.90 Td (519) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 351.95 510.90 Td (508) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 383.95 510.90 Td (332) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.95 510.90 Td (351) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.95 510.90 Td (325) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.95 510.90 Td (392) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 511.95 510.90 Td (n.a.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 536.45 510.90 Td (1,036) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 482.90 Td (Operating results) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 468.90 Td (Selling Price per nt \(in dollars per nt\) ) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 201.06 473.19 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 319.95 468.90 Td (980) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 351.95 468.90 Td (898) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 383.95 468.90 Td (762) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.95 468.90 Td (718) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.95 468.90 Td (793) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.95 468.90 Td (828) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 511.95 468.90 Td (762) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 468.90 Td (661) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 454.90 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 122.53 454.90 Td ( per nt \(in dollars per nt\) ) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 220.58 459.19 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 319.95 454.90 Td (263) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 351.95 454.90 Td (234) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 383.95 454.90 Td (1) Tj ET Q q 0 0 0 rg BT 388.96 454.90 Td (14) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.95 454.90 Td (1) Tj ET Q q 0 0 0 rg BT 420.96 454.90 Td (17) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 452.95 454.90 Td (17) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.95 454.90 Td (151) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 511.95 454.90 Td (128) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.95 454.90 Td (43) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 440.90 Td (T) Tj ET Q q 0 0 0 rg BT 57.50 440.90 Td (arif) Tj ET Q q 0 0 0 rg BT 69.84 440.90 Td (f ) Tj ET Q q 0 0 0 rg BT 74.34 440.90 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 143.88 440.90 Td ( per nt \(in dollars per nt\) ) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 241.92 445.19 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 319.95 440.90 Td (329) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 351.95 440.90 Td (249) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 383.95 440.90 Td (1) Tj ET Q q 0 0 0 rg BT 388.96 440.90 Td (14) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.95 440.90 Td (1) Tj ET Q q 0 0 0 rg BT 420.96 440.90 Td (17) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 452.95 440.90 Td (17) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.95 440.90 Td (151) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 511.95 440.90 Td (128) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.95 440.90 Td (43) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 420.90 Td (Shipping volumes \(in thousands of nt\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 319.95 420.90 Td (586) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 351.95 420.90 Td (748) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 383.95 420.90 Td (613) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.95 420.90 Td (592) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.95 420.90 Td (41) Tj ET Q q 0 0 0 rg BT 457.96 420.90 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.95 420.90 Td (501) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 511.95 420.90 Td (499) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 420.90 Td (463) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 406.90 Td (Hot-rolled) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 319.95 406.90 Td (446) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 351.95 406.90 Td (590) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 383.95 406.90 Td (491) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.95 406.90 Td (473) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.95 406.90 Td (299) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.95 406.90 Td (359) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 511.95 406.90 Td (340) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 406.90 Td (322) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 392.90 Td (Coated) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.95 392.90 Td (82) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 356.95 392.90 Td (93) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 388.95 392.90 Td (84) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.95 392.90 Td (77) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 452.95 392.90 Td (78) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.95 392.90 Td (103) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 511.95 392.90 Td (121) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 392.90 Td (104) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 378.90 Td (Cold-rolled) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.95 378.90 Td (19) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 356.95 378.90 Td (33) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 388.95 378.90 Td (15) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.95 378.90 Td (15) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 452.95 378.90 Td (12) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 484.95 378.90 Td (17) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 516.95 378.90 Td (14) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.95 378.90 Td (8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 59.00 364.90 Td (Other) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.95 364.90 Td (39) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 356.95 364.90 Td (32) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 388.95 364.90 Td (23) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.95 364.90 Td (27) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 452.95 364.90 Td (22) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 484.95 364.90 Td (22) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 516.95 364.90 Td (24) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.95 364.90 Td (29) Tj ET Q BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 351.40 Td (n.a. - not applicable.) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 339.62 Td (1 ) Tj ET Q BT /F2 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.00 335.80 Td (Period ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.35 335.80 Td (end ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.92 335.80 Td (date ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.71 335.80 Td (refers ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.38 335.80 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.28 335.80 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 162.62 335.80 Td (following: ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.20 335.80 Td (Q4 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.42 335.80 Td (- ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.30 335.80 Td (December ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.43 335.80 Td (31, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.77 335.80 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.00 335.80 Td (- ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.88 335.80 Td (September ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.24 335.80 Td (30, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.58 335.80 Td (Q2 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.80 335.80 Td (- ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.69 335.80 Td (June ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.26 335.80 Td (30, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 407.61 335.80 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.18 335.80 Td (Q1 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.40 335.80 Td (- ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.29 335.80 Td (March ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.73 335.80 Td (31.) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 327.02 Td (2 ) Tj ET Q BT /F2 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.00 323.20 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.79 323.20 Td (definition ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.81 323.20 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.16 323.20 Td (reconciliation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.85 323.20 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.53 323.20 Td (these ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.10 323.20 Td (non-IFRS ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.33 323.20 Td (measures ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.46 323.20 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.02 323.20 Td (included ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.83 323.20 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.06 323.20 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.18 323.20 Td (") Tj ET Q BT /F4 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.02 323.20 Td (Non-IFRS ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.58 323.20 Td (Performance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.38 323.20 Td (Measures) Tj ET Q BT /F2 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.50 323.20 Td (" ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.35 323.20 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.70 323.20 Td (") Tj ET Q BT /F4 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.54 323.20 Td (Review ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.77 323.20 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.44 323.20 Td (Non-IFRS ) Tj ET Q BT /F4 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.00 313.60 Td (Measures) Tj ET Q BT /F2 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.13 313.60 Td (" ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.19 313.60 Td (sections ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.76 313.60 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.65 313.60 Td (this ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.32 313.60 Td (MD&A.) Tj ET Q BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 297.40 Td (T) Tj ET Q q 0 0 0 rg BT 56.11 297.40 Td (rend ) Tj ET Q q 0 0 0 rg BT 82.60 297.40 Td (Analysis) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 127.84 297.40 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 280.60 Td (Stelco's ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.96 280.60 Td (financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.71 280.60 Td (performance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.96 280.60 Td (moderately ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.21 280.60 Td (declined ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.46 280.60 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.19 280.60 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.93 280.60 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.95 280.60 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.68 280.60 Td (over ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.91 280.60 Td (Q2 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.64 280.60 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.67 280.60 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.39 280.60 Td (primarily ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.12 280.60 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.35 280.60 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.09 280.60 Td (result ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.82 280.60 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.06 280.60 Td (lower ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.29 280.60 Td (sales ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.03 280.60 Td (volume ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 532.77 280.60 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 543.00 280.60 Td (steel ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 269.80 Td (products, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.82 269.80 Td (partly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.63 269.80 Td (of) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.98 269.80 Td (fset ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.29 269.80 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.60 269.80 Td (increased ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.42 269.80 Td (average ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.75 269.80 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.56 269.80 Td (selling ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.88 269.80 Td (prices ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.69 269.80 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.51 269.80 Td (higher ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.33 269.80 Td (sales ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.15 269.80 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.45 269.80 Td (non-steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.28 269.80 Td (products. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 464.55 269.80 Td (Also ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.86 269.80 Td (factoring ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.18 269.80 Td (during ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 550.00 269.80 Td (Q3 ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 259.00 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.02 259.00 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.96 259.00 Td (were ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.41 259.00 Td (higher ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.37 259.00 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.31 259.00 Td (associated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.28 259.00 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.22 259.00 Td (raw ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.67 259.00 Td (materials, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.62 259.00 Td (tarif) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.46 259.00 Td (fs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.40 259.00 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.35 259.00 Td (planned ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.32 259.00 Td (hot-strip ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.78 259.00 Td (mill ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.21 259.00 Td (outage ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.68 259.00 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.14 259.00 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 486.08 259.00 Td (incurred ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.54 259.00 Td (during ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.50 259.00 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 248.20 Td (period.) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 231.40 Td (Revenue ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.70 231.40 Td (decreased ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.40 231.40 Td (13%) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.42 231.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.09 231.40 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.76 231.40 Td ($71) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.11 231.40 Td (1million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.12 231.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.80 231.40 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.48 231.40 Td (Q2 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.16 231.40 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.18 231.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.85 231.40 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.03 231.40 Td ($619million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.06 231.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.73 231.40 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.41 231.40 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.09 231.40 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.11 231.40 Td (. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 369.18 231.40 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.36 231.40 Td (decrease ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.06 231.40 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.74 231.40 Td (revenue ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.93 231.40 Td (reflects ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.62 231.40 Td (a ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.30 231.40 Td (22%) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.31 231.40 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.98 231.40 Td (decrease ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 220.60 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.76 220.60 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.53 220.60 Td (shipping ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.81 220.60 Td (volumes ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.08 220.60 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.83 220.60 Td (748k) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.35 220.60 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.11 220.60 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.37 220.60 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.13 220.60 Td (Q2 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.89 220.60 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 251.91 220.60 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.67 220.60 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.93 220.60 Td (586k) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.44 220.60 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.20 220.60 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.46 220.60 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.22 220.60 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.98 220.60 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.01 220.60 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.26 220.60 Td (partly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.03 220.60 Td (of) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.37 220.60 Td (fset ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.63 220.60 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.89 220.60 Td (a ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.65 220.60 Td (9%) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.66 220.60 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.42 220.60 Td (increase ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.19 220.60 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.95 220.60 Td (average ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.23 220.60 Td (selling ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.50 220.60 Td (price ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 209.80 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.57 209.80 Td (increased ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.15 209.80 Td (from ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.71 209.80 Td ($898) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.73 209.80 Td (/nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.29 209.80 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.86 209.80 Td (Q2 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.42 209.80 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.44 209.80 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.00 209.80 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 227.06 209.80 Td ($980) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.09 209.80 Td (/nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.65 209.80 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.21 209.80 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.78 209.80 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.80 209.80 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.36 209.80 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.93 209.80 Td (higher ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.51 209.80 Td (non-steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.09 209.80 Td (sales ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.66 209.80 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.72 209.80 Td ($6million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.74 209.80 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.30 209.80 Td (mostly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.86 209.80 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.93 209.80 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.00 209.80 Td (excess ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 199.00 Td (metallurgical ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.04 199.00 Td (coke ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.57 199.00 Td (products. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.11 199.00 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.44 199.00 Td (e ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.97 199.00 Td (executed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.01 199.00 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.54 199.00 Td (number ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.58 199.00 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.60 199.00 Td (strategic ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 306.14 199.00 Td (outages ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.68 199.00 Td (during ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.22 199.00 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.25 199.00 Td (nine ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.79 199.00 Td (months ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.82 199.00 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.85 199.00 Td (2018, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.89 199.00 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.42 199.00 Td (were ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.45 199.00 Td (intended ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.50 199.00 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 188.20 Td (improve ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.50 188.20 Td (reliability ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.01 188.20 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.52 188.20 Td (ef) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.86 188.20 Td (ficiency ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.37 188.20 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.37 188.20 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.87 188.20 Td (production ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.39 188.20 Td (facilities, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.40 188.20 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.91 188.20 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.41 188.20 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.91 188.20 Td (preparation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.93 188.20 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.93 188.20 Td (hot ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.94 188.20 Td (strip ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.43 188.20 Td (mill ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.42 188.20 Td (enhancements ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.96 188.20 Td (planned ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 536.48 188.20 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.48 188.20 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 177.40 Td (second ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.08 177.40 Td (half ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.65 177.40 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.22 177.40 Td (2018 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.30 177.40 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.37 177.40 Td (2019. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.96 177.40 Td (In ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.52 177.40 Td (connection ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 234.11 177.40 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 253.18 177.40 Td (preparing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.26 177.40 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.33 177.40 Td (hot-strip ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.90 177.40 Td (mill ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.46 177.40 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.02 177.40 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.08 177.40 Td (planned ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.17 177.40 Td (outage ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.76 177.40 Td (during ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.84 177.40 Td (September ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.92 177.40 Td (2018, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 550.50 177.40 Td (we ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 166.60 Td (experienced ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.92 166.60 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.81 166.60 Td (general ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.71 166.60 Td (decline ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.11 166.60 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.00 166.60 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.89 166.60 Td (shipping ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.30 166.60 Td (volumes ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.70 166.60 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.60 166.60 Td (lower ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.99 166.60 Td (production ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.90 166.60 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.29 166.60 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.18 166.60 Td (products ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.58 166.60 Td (during ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 457.48 166.60 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.88 166.60 Td (quarter) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.90 166.60 Td (. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.09 166.60 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.48 166.60 Td (upgrades ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 155.80 Td (completed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.88 155.80 Td (during ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.25 155.80 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.11 155.80 Td (quarter ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.98 155.80 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.33 155.80 Td (expected ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 221.21 155.80 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.07 155.80 Td (provide ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.94 155.80 Td (better ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.31 155.80 Td (gauge ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.69 155.80 Td (control ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.05 155.80 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.42 155.80 Td (increased ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.79 155.80 Td (rolling ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.16 155.80 Td (force, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.02 155.80 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.38 155.80 Td (enable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 501.76 155.80 Td (Stelco ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.13 155.80 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.98 155.80 Td (better ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 145.00 Td (participate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 93.48 145.00 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.45 145.00 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.53 145.00 Td (AHSS, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.49 145.00 Td (High ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.96 145.00 Td (Strength ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.94 145.00 Td (Low ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.02 145.00 Td (Alloy ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 241.49 145.00 Td (\(HSLA\), ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.45 145.00 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 292.43 145.00 Td (value ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 315.90 145.00 Td (added ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.89 145.00 Td (coated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.87 145.00 Td (markets. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.33 145.00 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.66 145.00 Td (e ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.63 145.00 Td (also ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.10 145.00 Td (performed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.07 145.00 Td (outages ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.06 145.00 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.02 145.00 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.99 145.00 Td (blast ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 134.20 Td (furnace, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.02 134.20 Td (BOF ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.02 134.20 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.54 134.20 Td (caster ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.55 134.20 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.05 134.20 Td (September) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.58 134.20 Td (.) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 117.40 Td (Revenue ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.19 117.40 Td (increased ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.37 117.40 Td (48% ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.54 117.40 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.70 117.40 Td ($482 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.88 117.40 Td (million ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.55 117.40 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.71 117.40 Td (Q1 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.88 117.40 Td (2018 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.06 117.40 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.73 117.40 Td ($71) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.07 117.40 Td (1 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.24 117.40 Td (million ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.90 117.40 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.07 117.40 Td (Q2 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.23 117.40 Td (2018. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.78 117.40 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 389.44 117.40 Td (increase ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.62 117.40 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.79 117.40 Td (revenue ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.47 117.40 Td (reflects ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.64 117.40 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.80 117.40 Td (22% ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.98 117.40 Td (increase ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 106.60 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 58.73 106.60 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.47 106.60 Td (selling ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 106.72 106.60 Td (volumes ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.96 106.60 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.69 106.60 Td (613k ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.93 106.60 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.17 106.60 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.90 106.60 Td (Q1 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.64 106.60 Td (2018 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.39 106.60 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.62 106.60 Td (748k ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.87 106.60 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.10 106.60 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.84 106.60 Td (Q2 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.57 106.60 Td (2018, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.82 106.60 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.57 106.60 Td (an ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 351.31 106.60 Td (18% ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.05 106.60 Td (increase ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.80 106.60 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.53 106.60 Td (average ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.78 106.60 Td (selling ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.03 106.60 Td (price ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.26 106.60 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.00 106.60 Td (increased ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 95.80 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.27 95.80 Td ($762/nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.58 95.80 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.86 95.80 Td (Q1 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.14 95.80 Td (2018 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.43 95.80 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 158.21 95.80 Td ($898/nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.51 95.80 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.79 95.80 Td (Q2 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.07 95.80 Td (2018. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.87 95.80 Td (Investments ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.67 95.80 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.94 95.80 Td (logistics ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.23 95.80 Td (capabilities, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.53 95.80 Td (including ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 420.33 95.80 Td (rail ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.60 95.80 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.90 95.80 Td (barge ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.19 95.80 Td (shipping, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.49 95.80 Td (significantly ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 85.00 Td (improved ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.03 85.00 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.04 85.00 Td (capacity ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.07 85.00 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.59 85.00 Td (ship ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 167.11 85.00 Td (products ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 203.64 85.00 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.16 85.00 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.17 85.00 Td (customers, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.20 85.00 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.22 85.00 Td (was ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.24 85.00 Td (an ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.26 85.00 Td (important ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.79 85.00 Td (driver ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.30 85.00 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 394.32 85.00 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.84 85.00 Td (Q2 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.86 85.00 Td (2018 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.89 85.00 Td (shipping ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.42 85.00 Td (volumes. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.45 85.00 Td (In ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.97 85.00 Td (Q2 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.98 85.00 Td (2018 ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 74.20 Td (non-steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.28 74.20 Td (revenue ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.07 74.20 Td (also ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 145.83 74.20 Td (increased ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.12 74.20 Td ($24 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.39 74.20 Td (million ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.16 74.20 Td (quarter ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.93 74.20 Td (over ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.70 74.20 Td (quarter ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.47 74.20 Td (primarily ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.73 74.20 Td (due ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.01 74.20 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.77 74.20 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.54 74.20 Td (sale ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.31 74.20 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.08 74.20 Td (excess ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.34 74.20 Td (coke. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.11 74.20 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.45 74.20 Td (e ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.71 74.20 Td (experienced ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 557.00 74.20 Td (a ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 63.40 Td (general ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.58 63.40 Td (decline ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.66 63.40 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.23 63.40 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.79 63.40 Td (shipping ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.88 63.40 Td (volumes ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.95 63.40 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.01 63.40 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.58 63.40 Td (2017 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.16 63.40 Td (due ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.73 63.40 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.80 63.40 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.36 63.40 Td (planned ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.95 63.40 Td (blast ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.52 63.40 Td (furnace ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.10 63.40 Td (outage, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.69 63.40 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.26 63.40 Td (included ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.34 63.40 Td (applying ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.43 63.40 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.99 63.40 Td (protective ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 52.60 Td (shotcrete ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.88 52.60 Td (refractory ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.75 52.60 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.12 52.60 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.49 52.60 Td (blast ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.36 52.60 Td (furnace ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.25 52.60 Td (internal ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 236.63 52.60 Td (walls ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.49 52.60 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.86 52.60 Td (improve ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.73 52.60 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 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410.75 749.45 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.00 749.45 Td (2018 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.26 749.45 Td (periods. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.52 749.45 Td (Gross ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.75 749.45 Td (profits ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.50 749.45 Td (were ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 738.65 Td (primarily ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.67 738.65 Td (driven ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 113.85 738.65 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.03 738.65 Td (generally ) Tj ET Q q 0.13725490196078433 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85.08 727.85 Td (costs. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.65 727.85 Td (During ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.23 727.85 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.31 727.85 Td (2017, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.90 727.85 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.47 727.85 Td (previously ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.06 727.85 Td (noted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.65 727.85 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.72 727.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.30 727.85 Td (revenue ) Tj ET Q q 0.13725490196078433 0.12156862745098039 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Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.46 717.05 Td (reduced ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.45 717.05 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 155.91 717.05 Td (sales ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.39 717.05 Td (volumes. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 217.86 717.05 Td (Gross ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 244.33 717.05 Td (profit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.79 717.05 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 279.76 717.05 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.23 717.05 Td (2017 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.71 717.05 Td (was ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 335.18 717.05 Td (impacted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.16 717.05 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.12 717.05 Td (lower ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.09 717.05 Td (sales, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.06 717.05 Td (outage ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.05 717.05 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.03 717.05 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.50 717.05 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 536.98 717.05 Td (higher ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 706.25 Td (raw ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 66.33 706.25 Td (material ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.17 706.25 Td (costs, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.51 706.25 Td (partly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.35 706.25 Td (of) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 156.69 706.25 Td (fset ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.03 706.25 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.36 706.25 Td (generally ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.71 706.25 Td (higher ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 249.56 706.25 Td (selling ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 276.91 706.25 Td (prices ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.74 706.25 Td (per ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.58 706.25 Td (nt ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.92 706.25 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.25 706.25 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 354.09 706.25 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.93 706.25 Td (products ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.28 706.25 Td (during ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.13 706.25 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.47 706.25 Td (same ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.31 706.25 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 490.65 706.25 Td (period. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.00 706.25 Td (Compared ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 695.45 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.32 695.45 Td (Q4 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 73.14 695.45 Td (2017, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.47 695.45 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.29 695.45 Td (Q1 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.11 695.45 Td (2018 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.94 695.45 Td (gross ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.76 695.45 Td (profit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 193.58 695.45 Td (includes ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.41 695.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.74 695.45 Td (impact ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 271.06 695.45 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.87 695.45 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.69 695.45 Td (significant ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 339.52 695.45 Td (increase ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.35 695.45 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.17 695.45 Td (purchased ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.01 695.45 Td (scrap ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.83 695.45 Td (costs, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.15 695.45 Td (adding ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.98 695.45 Td (approximately ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 684.65 Td ($6 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 62.21 684.65 Td (million ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.91 684.65 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 99.12 684.65 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.32 684.65 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.03 684.65 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.23 684.65 Td (operations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.46 684.65 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.67 684.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.38 684.65 Td (period. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.09 684.65 Td (Increases ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.31 684.65 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.51 684.65 Td (scrap ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.72 684.65 Td (market ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.42 684.65 Td (prices ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.63 684.65 Td (generally ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.35 684.65 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.56 684.65 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.76 684.65 Td (factor ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.47 684.65 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.67 684.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.38 684.65 Td (market ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 515.09 684.65 Td (price ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 536.79 684.65 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 546.50 684.65 Td (hot-) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 673.85 Td (rolled ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.89 673.85 Td (coil ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 91.27 673.85 Td (steel. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.09 673.85 Td (As ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.47 673.85 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.35 673.85 Td (result ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.23 673.85 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.61 673.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.00 673.85 Td (lag ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.89 673.85 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.27 673.85 Td (have ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.66 673.85 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.54 673.85 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 264.43 673.85 Td (business, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.33 673.85 Td (we ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.71 673.85 Td (have ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.10 673.85 Td (historically ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.99 673.85 Td (experienced ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.90 673.85 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.78 673.85 Td (delay ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.17 673.85 Td (between ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 508.08 673.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.46 673.85 Td (expenses ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 663.05 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.01 663.05 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.00 663.05 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.00 663.05 Td (increase ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.50 663.05 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 150.99 663.05 Td (scrap ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.49 663.05 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.98 663.05 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.48 663.05 Td (Stelco ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.98 663.05 Td (being ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.49 663.05 Td (able ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.99 663.05 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.99 663.05 Td (capitalize ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.99 663.05 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.49 663.05 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.49 663.05 Td (higher ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.99 663.05 Td (market ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.99 663.05 Td (prices ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.48 663.05 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.47 663.05 Td (hot-rolled ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.48 663.05 Td (coil. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 517.97 663.05 Td (In ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 527.96 663.05 Td (addition, ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 652.25 Td (severe ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.16 652.25 Td (winter ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.32 652.25 Td (weather ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.49 652.25 Td (conditions ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.17 652.25 Td (impacted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.84 652.25 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.00 652.25 Td (operations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.18 652.25 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.35 652.25 Td (expenses ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.03 652.25 Td (during ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.20 652.25 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 390.86 652.25 Td (first ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.51 652.25 Td (quarter ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.17 652.25 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.83 652.25 Td (2018. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 476.51 652.25 Td (In ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.16 652.25 Td (particular) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 523.68 652.25 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.33 652.25 Td (an ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 542.50 652.25 Td (early ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 641.45 Td (freeze ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.76 641.45 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.53 641.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.79 641.45 Td (Great ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.05 641.45 Td (Lakes ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 157.82 641.45 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.58 641.45 Td (severe ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 205.35 641.45 Td (cold ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.61 641.45 Td (weather ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.38 641.45 Td (resulted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.15 641.45 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 303.90 641.45 Td (incremental ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.17 641.45 Td (fuel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.44 641.45 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.20 641.45 Td (electricity ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.46 641.45 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.22 641.45 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.48 641.45 Td (approximately ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.25 641.45 Td ($6 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.01 641.45 Td (million, ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 630.65 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.26 630.65 Td ($2 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.52 630.65 Td (million ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.27 630.65 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.02 630.65 Td (incremental ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.78 630.65 Td (raw ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.53 630.65 Td (material ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.79 630.65 Td (shipping ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.56 630.65 Td (costs. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.66 630.65 Td (Also ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 307.42 630.65 Td (impacting ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 349.18 630.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.94 630.65 Td (first ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 382.68 630.65 Td (quarter ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 414.44 630.65 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.19 630.65 Td (2018, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.96 630.65 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.71 630.65 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.96 630.65 Td (result ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.21 630.65 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.96 630.65 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.21 630.65 Td (shortage ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.48 630.65 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 619.85 Td (trucking ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 82.91 619.85 Td (assets ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.32 619.85 Td (across ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.22 619.85 Td (North ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.34 619.85 Td (America, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.25 619.85 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.65 619.85 Td (shipping ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.57 619.85 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.97 619.85 Td (increased ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.39 619.85 Td (between ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.82 619.85 Td ($4 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.22 619.85 Td (million ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.12 619.85 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.53 619.85 Td ($5 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.94 619.85 Td (million ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.84 619.85 Td (during ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.26 619.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.16 619.85 Td (quarter) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.18 619.85 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 511.08 619.85 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.98 619.85 Td (compared ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 609.05 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 59.77 609.05 Td (Q4 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.03 609.05 Td (2017. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 98.82 609.05 Td (For ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.58 609.05 Td (Q2 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.85 609.05 Td (2018, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.63 609.05 Td (Stelco ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 180.90 609.05 Td (continued ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.20 609.05 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.96 609.05 Td (realize ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.74 609.05 Td (both ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.52 609.05 Td (increased ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.80 609.05 Td (shipping ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 357.59 609.05 Td (volumes, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.86 609.05 Td (through ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.65 609.05 Td (improved ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.92 609.05 Td (logistic ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.69 609.05 Td (capabilities, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 546.98 609.05 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 598.25 Td (selling ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.86 598.25 Td (prices ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.21 598.25 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 129.56 598.25 Td (led ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.92 598.25 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.77 598.25 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 168.62 598.25 Td (highest ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.99 598.25 Td (quarterly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 237.35 598.25 Td (gross ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.70 598.25 Td (profit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.05 598.25 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.90 598.25 Td (date ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 313.77 598.25 Td (since ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 337.12 598.25 Td (Bedrock ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.48 598.25 Td (acquired ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.35 598.25 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 424.20 598.25 Td (Company ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 465.07 598.25 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.42 598.25 Td (June ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.28 598.25 Td (30, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 514.14 598.25 Td (2017, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.00 598.25 Td (which ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 587.45 Td (were ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.31 587.45 Td (partly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.13 587.45 Td (of) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.47 587.45 Td (fset ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.79 587.45 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 134.10 587.45 Td ($1) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.44 587.45 Td (1 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.25 587.45 Td (million ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 179.57 587.45 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.88 587.45 Td (tarif) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 204.72 587.45 Td (f ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 210.03 587.45 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.35 587.45 Td (costs. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 266.67 587.45 Td (Gross ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.48 587.45 Td (profit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.29 587.45 Td (for ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.60 587.45 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.42 587.45 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.44 587.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.24 587.45 Td (deceased ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 409.08 587.45 Td (compared ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.91 587.45 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.22 587.45 Td (Q2 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.04 587.45 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.06 587.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 499.87 587.45 Td (primarily ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 536.67 587.45 Td (due ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.50 587.45 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 576.65 Td (lower ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 73.50 576.65 Td (revenue ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.02 576.65 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.02 576.65 Td (lower ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.52 576.65 Td (shipping ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.04 576.65 Td (volumes ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.55 576.65 Td (realized ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.07 576.65 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 273.08 576.65 Td (higher ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 300.09 576.65 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 323.09 576.65 Td (associated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.12 576.65 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.12 576.65 Td (raw ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.62 576.65 Td (materials, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.62 576.65 Td (tarif) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.46 576.65 Td (fs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.46 576.65 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 484.47 576.65 Td (hot-strip ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 518.98 576.65 Td (mill ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.47 576.65 Td (outage ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 565.85 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.16 565.85 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.81 565.85 Td (incurred ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.97 565.85 Td (during ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 166.64 565.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.79 565.85 Td (period. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.95 565.85 Td (In ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.10 565.85 Td (particular ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.76 565.85 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 274.91 565.85 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 289.56 565.85 Td (2018, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 314.73 565.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.88 565.85 Td (Company ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 371.05 565.85 Td (incurred ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.21 565.85 Td ($39 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.87 565.85 Td (million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.37 565.85 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 452.02 565.85 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.17 565.85 Td (tarif) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.01 565.85 Td (f ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 482.15 565.85 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 512.32 565.85 Td (charges ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 546.98 565.85 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 555.05 Td (approximately ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.91 555.05 Td ($10million) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.93 555.05 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.81 555.05 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.20 555.05 Td (unabsorbed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.62 555.05 Td (manufacturing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.53 555.05 Td (variances ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 316.93 555.05 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.83 555.05 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 358.23 555.05 Td (outage ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.63 555.05 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.03 555.05 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.92 555.05 Td (connected ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.33 555.05 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.72 555.05 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.11 555.05 Td (hot-strip ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.51 555.05 Td (mill ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 544.25 Td (outage ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.03 544.25 Td (during ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.55 544.25 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.56 544.25 Td (period.) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 527.45 Td (SG&A) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.51 527.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 77.94 527.45 Td (expenses ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.89 527.45 Td (generally ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.84 527.45 Td (increased ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.29 527.45 Td (during ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.73 527.45 Td (2017 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.18 527.45 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.11 527.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.05 527.45 Td (Company ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.99 527.45 Td (incurred ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.93 527.45 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.36 527.45 Td (associated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.82 527.45 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.25 527.45 Td (its ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 463.67 527.45 Td (separation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.13 527.45 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 530.55 527.45 Td (USS, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 554.99 527.45 Td (in ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 516.65 Td (particular ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 89.62 516.65 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.73 516.65 Td (Q2 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 117.34 516.65 Td (2017 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.97 516.65 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.58 516.65 Td (includes ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.21 516.65 Td ($17 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.83 516.65 Td (million ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.94 516.65 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.55 516.65 Td (cloud-based ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.19 516.65 Td (ERP) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 326.53 516.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.14 516.65 Td (implementation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.78 516.65 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.39 516.65 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.01 516.65 Td ($18 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.63 516.65 Td (million ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 479.74 516.65 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 489.35 516.65 Td (acquisition ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 534.48 516.65 Td (related ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 505.85 Td (costs. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 75.38 505.85 Td (During ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 103.76 505.85 Td (2018, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.15 505.85 Td (SG&A) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.66 505.85 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 154.53 505.85 Td (primarily ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.40 505.85 Td (consisted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.29 505.85 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.67 505.85 Td (ERP) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.01 505.85 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.88 505.85 Td (implementation, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.28 505.85 Td (employee ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.17 505.85 Td (salary ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 392.05 505.85 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 408.93 505.85 Td (benefit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.82 505.85 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.21 505.85 Td (costs, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.59 505.85 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.47 505.85 Td (management ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 495.05 Td (fees. ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 478.25 Td (With ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.60 478.25 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.71 478.25 Td (exception ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.84 478.25 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 136.95 478.25 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.55 478.25 Td (2017 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.17 478.25 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.79 478.25 Td (Q2 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.40 478.25 Td (2018, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 231.52 478.25 Td (net ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 246.63 478.25 Td (income ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.25 478.25 Td (\(loss\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.85 478.25 Td (has ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.96 478.25 Td (been ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.58 478.25 Td (steadily ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.69 478.25 Td (improving ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.31 478.25 Td (since ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.92 478.25 Td (Q1 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.53 478.25 Td (2017. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 480.65 478.25 Td (During ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.76 478.25 Td (Q2 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.37 478.25 Td (2017, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.49 478.25 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 467.45 Td (Company ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.53 467.45 Td (recorded ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 128.06 467.45 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.08 467.45 Td ($3,665 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.61 467.45 Td (million ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 192.13 467.45 Td (gain ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 211.16 467.45 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.18 467.45 Td (emergence ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.22 467.45 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.23 467.45 Td (CCAA. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.74 467.45 Td (Excluding ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.78 467.45 Td (this ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 376.79 467.45 Td (gain, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.32 467.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.84 467.45 Td (Company ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.37 467.45 Td (had ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 470.40 467.45 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 477.41 467.45 Td (net ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.94 467.45 Td (loss ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.95 467.45 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 519.47 467.45 Td ($72 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 536.50 467.45 Td (million ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 456.65 Td (which ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.81 456.65 Td (included ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.13 456.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.44 456.65 Td (impact ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 152.75 456.65 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.55 456.65 Td ($71 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.36 456.65 Td (million ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 216.67 456.65 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.47 456.65 Td (finance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 256.29 456.65 Td (costs, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 281.59 456.65 Td ($24 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 298.41 456.65 Td (million ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 325.71 456.65 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 334.51 456.65 Td (restructuring ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.33 456.65 Td (costs, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.64 456.65 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 428.45 456.65 Td ($40 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.27 456.65 Td (million ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.57 456.65 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.37 456.65 Td (SG&A) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 505.89 456.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.68 456.65 Td (\(as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.98 456.65 Td (discussed ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 445.85 Td (above\). ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.34 445.85 Td (During ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 109.17 445.85 Td (Q2 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.49 445.85 Td (2018, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.33 445.85 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.16 445.85 Td (Company ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.00 445.85 Td (incurred ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 233.84 445.85 Td (a ) Tj ET Q q 0 0 0 rg BT 240.16 445.85 Td (remeasurement ) Tj ET Q q 0 0 0 rg BT 304.50 445.85 Td (charge ) Tj ET Q q 0 0 0 rg BT 333.34 445.85 Td (of ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.17 445.85 Td ($157 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.51 445.85 Td (million) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 389.01 445.85 Td ( ) Tj ET Q q 0 0 0 rg BT 390.33 445.85 Td (related ) Tj ET Q q 0 0 0 rg BT 419.17 445.85 Td (to ) Tj ET Q q 0 0 0 rg BT 427.99 445.85 Td (the ) Tj ET Q q 0 0 0 rg BT 441.82 445.85 Td (employee ) Tj ET Q q 0 0 0 rg BT 482.17 445.85 Td (benefit ) Tj ET Q q 0 0 0 rg BT 510.51 445.85 Td (commitment, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 435.05 Td (derived ) Tj ET Q q 0 0 0 rg BT 82.01 435.05 Td (as ) Tj ET Q q 0 0 0 rg BT 94.01 435.05 Td (the ) Tj ET Q q 0 0 0 rg BT 109.01 435.05 Td (dif) Tj ET Q q 0 0 0 rg BT 118.36 435.05 Td (ference ) Tj ET Q q 0 0 0 rg BT 150.87 435.05 Td (between ) Tj ET Q q 0 0 0 rg BT 187.39 435.05 Td (the ) Tj ET Q q 0 0 0 rg BT 202.39 435.05 Td (estimated ) Tj ET Q q 0 0 0 rg BT 243.91 435.05 Td (discounted ) Tj ET Q q 0 0 0 rg BT 289.93 435.05 Td (cash ) Tj ET Q q 0 0 0 rg BT 311.44 435.05 Td (flows ) Tj ET Q q 0 0 0 rg BT 334.43 435.05 Td (from ) Tj ET Q q 0 0 0 rg BT 354.93 435.05 Td (the ) Tj ET Q q 0 0 0 rg BT 369.93 435.05 Td (Original ) Tj ET Q q 0 0 0 rg BT 403.44 435.05 Td (OPEB ) Tj ET Q q 0 0 0 rg BT 430.94 435.05 Td (Funding ) Tj ET Q q 0 0 0 rg BT 465.46 435.05 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 511.98 435.05 Td (compared ) Tj ET Q q 0 0 0 rg BT 554.49 435.05 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 424.25 Td (those ) Tj ET Q q 0 0 0 rg BT 74.93 424.25 Td (from ) Tj ET Q q 0 0 0 rg BT 95.85 424.25 Td (the ) Tj ET Q q 0 0 0 rg BT 110.70 424.25 Td (Amended ) Tj ET Q q 0 0 0 rg BT 152.14 424.25 Td (OPEB ) Tj ET Q q 0 0 0 rg BT 180.06 424.25 Td (Funding ) Tj ET Q q 0 0 0 rg BT 214.92 424.25 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 264.36 424.25 Td (Excluding ) Tj ET Q q 0 0 0 rg BT 306.30 424.25 Td (the ) Tj ET Q q 0 0 0 rg BT 321.73 424.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 351.15 424.25 Td (of ) Tj ET Q q 0 0 0 rg BT 361.57 424.25 Td (this ) Tj ET Q q 0 0 0 rg BT 378.49 424.25 Td (finance ) Tj ET Q q 0 0 0 rg BT 410.43 424.25 Td (cost, ) Tj ET Q q 0 0 0 rg BT 432.35 424.25 Td (the ) Tj ET Q q 0 0 0 rg BT 447.78 424.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 489.21 424.25 Td (had ) Tj ET Q q 0 0 0 rg BT 507.15 424.25 Td (net ) Tj ET Q q 0 0 0 rg BT 522.57 424.25 Td (income ) Tj ET Q q 0 0 0 rg BT 554.50 424.25 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 413.45 Td ($145million ) Tj ET Q q 0 0 0 rg BT 100.66 413.45 Td (in ) Tj ET Q q 0 0 0 rg BT 110.30 413.45 Td (Q2 ) Tj ET Q q 0 0 0 rg BT 124.93 413.45 Td (2018, ) Tj ET Q q 0 0 0 rg BT 150.09 413.45 Td (primarily ) Tj ET Q q 0 0 0 rg BT 186.72 413.45 Td (due ) Tj ET Q q 0 0 0 rg BT 204.37 413.45 Td (to ) Tj ET Q q 0 0 0 rg BT 214.50 413.45 Td (the ) Tj ET Q q 0 0 0 rg BT 229.65 413.45 Td (same ) Tj ET Q q 0 0 0 rg BT 254.28 413.45 Td (factors ) Tj ET Q q 0 0 0 rg BT 283.92 413.45 Td (as ) Tj ET Q q 0 0 0 rg BT 296.06 413.45 Td (described ) Tj ET Q q 0 0 0 rg BT 337.72 413.45 Td (in ) Tj ET Q q 0 0 0 rg BT 347.35 413.45 Td (gross ) Tj ET Q q 0 0 0 rg BT 371.99 413.45 Td (profit ) Tj ET Q q 0 0 0 rg BT 394.63 413.45 Td (above. ) Tj ET Q q 0 0 0 rg BT 424.28 413.45 Td (Net ) Tj ET Q q 0 0 0 rg BT 440.92 413.45 Td (income ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 472.56 413.45 Td (for ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.70 413.45 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.34 413.45 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.36 413.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.99 413.45 Td (increased ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 402.65 Td (compared ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.08 402.65 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 101.65 402.65 Td (Q2 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.71 402.65 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.73 402.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 137.79 402.65 Td (primarily ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.85 402.65 Td (due ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 190.93 402.65 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.49 402.65 Td (lower ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.06 402.65 Td (finance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.14 402.65 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.21 402.65 Td (\(in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.27 402.65 Td (particular ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.34 402.65 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.41 402.65 Td (Q2 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.47 402.65 Td (2018 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.55 402.65 Td (remeasurement ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.64 402.65 Td (charge ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.22 402.65 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.80 402.65 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.36 402.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.93 402.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.99 402.65 Td (employee ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 391.85 Td (benefit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.30 391.85 Td (commitment ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.58 391.85 Td (described ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.87 391.85 Td (above\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.67 391.85 Td (partly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 225.95 391.85 Td (of) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 233.29 391.85 Td (fset ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.07 391.85 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.85 391.85 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.13 391.85 Td (decrease ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 308.42 391.85 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 317.70 391.85 Td (revenue ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.50 391.85 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.77 391.85 Td (less ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.05 391.85 Td (shipping ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 426.85 391.85 Td (volumes ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 462.64 391.85 Td (realized ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 496.43 391.85 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.72 391.85 Td (higher ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.01 391.85 Td (costs ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 381.05 Td (associated ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.53 381.05 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 114.03 381.05 Td (raw ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.04 381.05 Td (materials, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.55 381.05 Td (tarif) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.39 381.05 Td (fs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.89 381.05 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.40 381.05 Td (planned ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.94 381.05 Td (hot-strip ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 283.95 381.05 Td (mill ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 299.94 381.05 Td (outage ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.97 381.05 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.99 381.05 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.50 381.05 Td (incurred ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.51 381.05 Td (during ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.03 381.05 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.04 381.05 Td (period.) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 364.25 Td (With ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 69.83 364.25 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.17 364.25 Td (exception ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.52 364.25 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.85 364.25 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 147.69 364.25 Td (2017, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.67 364.25 Td (Adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.53 364.25 Td (EBITDA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.54 364.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.36 364.25 Td (has ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.70 364.25 Td (steadily ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.05 364.25 Td (improved ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.89 364.25 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.72 364.25 Td (2017 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 360.57 364.25 Td (compared ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 402.42 364.25 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.75 364.25 Td (2016 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 433.60 364.25 Td (due ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.45 364.25 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.78 364.25 Td (generally ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 498.13 364.25 Td (higher ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 524.98 364.25 Td (revenues ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 353.45 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.31 353.45 Td (market ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 100.13 353.45 Td (steel ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.45 353.45 Td (price ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 143.27 353.45 Td (increases ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.10 353.45 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 201.43 353.45 Td (higher ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.76 353.45 Td (sales ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.09 353.45 Td (volumes ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.91 353.45 Td (\(as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.73 353.45 Td (noted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 327.56 353.45 Td (above\). ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.89 353.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.20 353.45 Td (During ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 391.03 353.45 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.35 353.45 Td (2017, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 430.18 353.45 Td (consistent ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.02 353.45 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 491.33 353.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 506.16 353.45 Td (realized ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.99 353.45 Td (gross ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 342.65 Td (profit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 72.62 342.65 Td (\(as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.74 342.65 Td (discussed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.37 342.65 Td (above\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.50 342.65 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.62 342.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.74 342.65 Td (period, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 218.35 342.65 Td (Adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.99 342.65 Td (EBITDA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.00 342.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.61 342.65 Td (was ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.23 342.65 Td (lower ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 333.35 342.65 Td (than ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.48 342.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 368.60 342.65 Td (comparable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 418.24 342.65 Td (periods ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 450.37 342.65 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.99 342.65 Td (2017, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.13 342.65 Td (primarily ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 521.74 342.65 Td (due ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 539.37 342.65 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 549.49 342.65 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 331.85 Td (same ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 74.97 331.85 Td (factors ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.94 331.85 Td (impacting ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 146.42 331.85 Td (gross ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.39 331.85 Td (profit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 194.36 331.85 Td (above. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.75 331.85 Td (Adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 261.74 331.85 Td (EBITDA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.75 331.85 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 296.71 331.85 Td (improved ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 336.68 331.85 Td (significantly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.16 331.85 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.13 331.85 Td (Q2 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 411.10 331.85 Td (2018 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 434.08 331.85 Td (over ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 454.55 331.85 Td (Q1 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 469.51 331.85 Td (2018, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.00 331.85 Td (increasing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.98 331.85 Td (150% ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 321.05 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.21 321.05 Td ($70 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.43 321.05 Td (million ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.15 321.05 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.36 321.05 Td (Q1 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.58 321.05 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.29 321.05 Td ($175 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 170.52 321.05 Td (million ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.23 321.05 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.45 321.05 Td (Q2, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.16 321.05 Td (reflecting ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 262.89 321.05 Td (higher ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.12 321.05 Td (revenue ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 324.85 321.05 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 342.07 321.05 Td (operating ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.81 321.05 Td (leverage, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.04 321.05 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 432.76 321.05 Td (discussed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.99 321.05 Td (above, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.22 321.05 Td (partly ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.43 321.05 Td (of) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 535.78 321.05 Td (fset ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 552.49 321.05 Td (by ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 310.25 Td (approximately ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.71 310.25 Td ($1) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.05 310.25 Td (1 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 125.73 310.25 Td (million ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 153.92 310.25 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.11 310.25 Td (tarif) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 178.95 310.25 Td (f ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.13 310.25 Td (related ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 214.33 310.25 Td (costs ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.01 310.25 Td (during ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.71 310.25 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 280.90 310.25 Td (second ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.60 310.25 Td (quarter) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.62 310.25 Td (. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.27 310.25 Td (A) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.78 310.25 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 353.46 310.25 Td (positive ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.65 310.25 Td (outcome ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.85 310.25 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.53 310.25 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.72 310.25 Td (Q2 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 474.41 310.25 Td (2018 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 497.11 310.25 Td (growth ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.81 310.25 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 536.49 310.25 Td (selling ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 299.45 Td (volumes ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 85.31 299.45 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 102.12 299.45 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.93 299.45 Td (positive ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 141.24 299.45 Td (pricing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 169.55 299.45 Td (environment ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 220.87 299.45 Td (was ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.67 299.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.98 299.45 Td (25% ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 272.44 299.45 Td (Adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 309.26 299.45 Td (EBITDA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.27 299.45 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 343.07 299.45 Td (margin ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 372.37 299.45 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.18 299.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.48 299.45 Td (quarter) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 423.50 299.45 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.80 299.45 Td (up ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 439.61 299.45 Td (from ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.41 299.45 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 473.72 299.45 Td (15% ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.17 299.45 Td (Adjusted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 529.99 299.45 Td (EBITDA) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 562.00 299.45 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 288.65 Td (margin ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 80.27 288.65 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 90.04 288.65 Td (Q1 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.81 288.65 Td (2018. ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 129.55 288.65 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 167.34 288.65 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 199.35 288.65 Td ( ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.11 288.65 Td (for ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.38 288.65 Td (Q3 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.15 288.65 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.17 288.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 252.94 288.65 Td (decreased ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 297.73 288.65 Td (compared ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 340.51 288.65 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.78 288.65 Td (Q2 ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 365.55 288.65 Td (2018) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.58 288.65 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 388.34 288.65 Td (primarily ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.10 288.65 Td (due ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 442.88 288.65 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 453.15 288.65 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 468.43 288.65 Td (same ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 493.20 288.65 Td (factors ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.98 288.65 Td (described ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 277.85 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 63.00 277.85 Td (gross ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 87.51 277.85 Td (profit ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.02 277.85 Td (above.) Tj ET Q BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 258.65 Td (Significant ) Tj ET Q q 0 0 0 rg BT 108.87 258.65 Td (Accounting Policies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.00 258.65 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 241.85 Td (Stelco's ) Tj ET Q q 0 0 0 rg BT 84.50 241.85 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 140.30 241.85 Td (Financial ) Tj ET Q q 0 0 0 rg BT 179.59 241.85 Td (Statements ) Tj ET Q q 0 0 0 rg BT 228.38 241.85 Td (have ) Tj ET Q q 0 0 0 rg BT 251.16 241.85 Td (been ) Tj ET Q q 0 0 0 rg BT 274.45 241.85 Td (prepared ) Tj ET Q q 0 0 0 rg BT 313.74 241.85 Td (by ) Tj ET Q q 0 0 0 rg BT 326.52 241.85 Td (management ) Tj ET Q q 0 0 0 rg BT 382.31 241.85 Td (in ) Tj ET Q q 0 0 0 rg BT 392.59 241.85 Td (accordance ) Tj ET Q q 0 0 0 rg BT 442.38 241.85 Td (with ) Tj ET Q q 0 0 0 rg BT 461.65 241.85 Td (IAS ) Tj ET Q q 0 0 0 rg BT 479.43 241.85 Td (34, ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 495.21 241.85 Td (Interim ) Tj ET Q q 0 0 0 rg BT 525.98 241.85 Td (Financial ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 50.00 231.05 Td (Reporting) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 89.02 231.05 Td (, ) Tj ET Q q 0 0 0 rg BT 94.04 231.05 Td (as ) Tj ET Q q 0 0 0 rg BT 106.06 231.05 Td (issued ) Tj ET Q q 0 0 0 rg BT 134.59 231.05 Td (by ) Tj ET Q q 0 0 0 rg BT 146.61 231.05 Td (the ) Tj ET Q q 0 0 0 rg BT 161.64 231.05 Td (International ) Tj ET Q q 0 0 0 rg BT 213.19 231.05 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 260.23 231.05 Td (Standards ) Tj ET Q q 0 0 0 rg BT 303.78 231.05 Td (Board ) Tj ET Q q 0 0 0 rg BT 330.31 231.05 Td (\(IASB\). ) Tj ET Q q 0 0 0 rg BT 361.83 231.05 Td (Under ) Tj ET Q q 0 0 0 rg BT 388.85 231.05 Td (International ) Tj ET Q q 0 0 0 rg BT 440.90 231.05 Td (Financial ) Tj ET Q q 0 0 0 rg BT 479.44 231.05 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 520.98 231.05 Td (Standards ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 220.25 Td (\(IFRS\), ) Tj ET Q q 0 0 0 rg BT 80.98 220.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 121.49 220.25 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 168.49 220.25 Td (are ) Tj ET Q q 0 0 0 rg BT 183.48 220.25 Td (required ) Tj ET Q q 0 0 0 rg BT 218.48 220.25 Td (in ) Tj ET Q q 0 0 0 rg BT 227.47 220.25 Td (the ) Tj ET Q q 0 0 0 rg BT 241.96 220.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 270.97 220.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 305.97 220.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 351.97 220.25 Td (and ) Tj ET Q q 0 0 0 rg BT 368.97 220.25 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 409.47 220.25 Td (the ) Tj ET Q q 0 0 0 rg BT 423.96 220.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 478.48 220.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 516.48 220.25 Td (Statements ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 209.45 Td (and ) Tj ET Q q 0 0 0 rg BT 66.83 209.45 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 126.68 209.45 Td (notes ) Tj ET Q q 0 0 0 rg BT 150.51 209.45 Td (should ) Tj ET Q q 0 0 0 rg BT 178.85 209.45 Td (be ) Tj ET Q q 0 0 0 rg BT 190.67 209.45 Td (read ) Tj ET Q q 0 0 0 rg BT 210.50 209.45 Td (in ) Tj ET Q q 0 0 0 rg BT 219.32 209.45 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 266.66 209.45 Td (with ) Tj ET Q q 0 0 0 rg BT 284.48 209.45 Td (the ) Tj ET Q q 0 0 0 rg BT 298.81 209.45 Td (notes ) Tj ET Q q 0 0 0 rg BT 322.64 209.45 Td (to ) Tj ET Q q 0 0 0 rg BT 331.96 209.45 Td (the ) Tj ET Q q 0 0 0 rg BT 346.29 209.45 Td (Company) Tj ET Q q 0 0 0 rg BT 386.64 209.45 Td (s ) Tj ET Q q 0 0 0 rg BT 392.96 209.45 Td (audited ) Tj ET Q q 0 0 0 rg BT 424.30 209.45 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 478.65 209.45 Td (Financial ) Tj ET Q q 0 0 0 rg BT 516.48 209.45 Td (Statements ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 198.65 Td (for ) Tj ET Q q 0 0 0 rg BT 63.00 198.65 Td (the ) Tj ET Q q 0 0 0 rg BT 78.02 198.65 Td (years ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 102.52 198.65 Td (ended ) Tj ET Q q 0 0 0 rg BT 130.05 198.65 Td (December31, ) Tj ET Q q 0 0 0 rg BT 189.08 198.65 Td (2017 ) Tj ET Q q 0 0 0 rg BT 211.60 198.65 Td (and ) Tj ET Q q 0 0 0 rg BT 229.12 198.65 Td (2016 ) Tj ET Q q 0 0 0 rg BT 251.64 198.65 Td (\(2017 ) Tj ET Q q 0 0 0 rg BT 276.66 198.65 Td (Annual ) Tj ET Q q 0 0 0 rg BT 307.19 198.65 Td (Financial ) Tj ET Q q 0 0 0 rg BT 345.70 198.65 Td (Statements\).) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 396.72 198.65 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 181.85 Td (The ) Tj ET Q q 0 0 0 rg BT 69.69 181.85 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 126.40 181.85 Td (Financial ) Tj ET Q q 0 0 0 rg BT 166.60 181.85 Td (Statements ) Tj ET Q q 0 0 0 rg BT 216.30 181.85 Td (have ) Tj ET Q q 0 0 0 rg BT 240.00 181.85 Td (been ) Tj ET Q q 0 0 0 rg BT 264.20 181.85 Td (prepared ) Tj ET Q q 0 0 0 rg BT 304.41 181.85 Td (using ) Tj ET Q q 0 0 0 rg BT 330.10 181.85 Td (consistent ) Tj ET Q q 0 0 0 rg BT 374.80 181.85 Td (accounting ) Tj ET Q q 0 0 0 rg BT 422.52 181.85 Td (policies ) Tj ET Q q 0 0 0 rg BT 456.71 181.85 Td (and ) Tj ET Q q 0 0 0 rg BT 475.91 181.85 Td (methods ) Tj ET Q q 0 0 0 rg BT 514.60 181.85 Td (used ) Tj ET Q q 0 0 0 rg BT 538.30 181.85 Td (in ) Tj ET Q q 0 0 0 rg BT 549.49 181.85 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 171.05 Td (preparation ) Tj ET Q q 0 0 0 rg BT 98.53 171.05 Td (of ) Tj ET Q q 0 0 0 rg BT 109.03 171.05 Td (the ) Tj ET Q q 0 0 0 rg BT 124.54 171.05 Td (Company) Tj ET Q q 0 0 0 rg BT 164.90 171.05 Td (s ) Tj ET Q q 0 0 0 rg BT 172.40 171.05 Td (2017 ) Tj ET Q q 0 0 0 rg BT 194.82 171.05 Td (Annual ) Tj ET Q q 0 0 0 rg BT 225.85 171.05 Td (Financial ) Tj ET Q q 0 0 0 rg BT 264.86 171.05 Td (Statements, ) Tj ET Q q 0 0 0 rg BT 315.88 171.05 Td (with ) Tj ET Q q 0 0 0 rg BT 334.89 171.05 Td (the ) Tj ET Q q 0 0 0 rg BT 350.40 171.05 Td (exception ) Tj ET Q q 0 0 0 rg BT 391.92 171.05 Td (of ) Tj ET Q q 0 0 0 rg BT 402.43 171.05 Td (the ) Tj ET Q q 0 0 0 rg BT 417.94 171.05 Td (accounting ) Tj ET Q q 0 0 0 rg BT 464.47 171.05 Td (policies ) Tj ET Q q 0 0 0 rg BT 497.48 171.05 Td (impacted ) Tj ET Q q 0 0 0 rg BT 537.00 171.05 Td (by ) Tj ET Q q 0 0 0 rg BT 549.50 171.05 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 160.25 Td (adoption ) Tj ET Q q 0 0 0 rg BT 86.41 160.25 Td (of ) Tj ET Q q 0 0 0 rg BT 95.79 160.25 Td (new ) Tj ET Q q 0 0 0 rg BT 114.17 160.25 Td (standards ) Tj ET Q q 0 0 0 rg BT 155.57 160.25 Td (and ) Tj ET Q q 0 0 0 rg BT 172.46 160.25 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 231.37 160.25 Td (ef) Tj ET Q q 0 0 0 rg BT 238.71 160.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 266.59 160.25 Td (January ) Tj ET Q q 0 0 0 rg BT 300.49 160.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 309.87 160.25 Td (2018, ) Tj ET Q q 0 0 0 rg BT 334.26 160.25 Td (as ) Tj ET Q q 0 0 0 rg BT 345.64 160.25 Td (noted ) Tj ET Q q 0 0 0 rg BT 370.04 160.25 Td (below) Tj ET Q q 0 0 0 rg BT 393.06 160.25 Td (. ) Tj ET Q q 0 0 0 rg BT 397.43 160.25 Td (Certain ) Tj ET Q q 0 0 0 rg BT 428.32 160.25 Td (comparative ) Tj ET Q q 0 0 0 rg BT 479.21 160.25 Td (information ) Tj ET Q q 0 0 0 rg BT 525.61 160.25 Td (has ) Tj ET Q q 0 0 0 rg BT 541.99 160.25 Td (been ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 149.45 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 97.52 149.45 Td (to ) Tj ET Q q 0 0 0 rg BT 107.52 149.45 Td (conform ) Tj ET Q q 0 0 0 rg BT 142.54 149.45 Td (to ) Tj ET Q q 0 0 0 rg BT 152.54 149.45 Td (the ) Tj ET Q q 0 0 0 rg BT 167.55 149.45 Td (current ) Tj ET Q q 0 0 0 rg BT 198.06 149.45 Td (period's ) Tj ET Q q 0 0 0 rg BT 231.80 149.45 Td (presentation.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.84 149.45 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 131.45 Td (Changes in accounting policies) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 200.02 131.45 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 114.65 Td (Stelco has adopted each of the standards and policies noted below on January 1, 2018:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 399.25 114.65 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 97.85 Td (a\) IFRS 15 - Revenue from Contracts with Customers \(IFRS 15\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 317.55 97.85 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 81.05 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 73.02 81.05 Td (15 ) Tj ET Q q 0 0 0 rg BT 85.54 81.05 Td (establishes ) Tj ET Q q 0 0 0 rg BT 133.08 81.05 Td (a ) Tj ET Q q 0 0 0 rg BT 140.60 81.05 Td (five-step ) Tj ET Q q 0 0 0 rg BT 177.13 81.05 Td (model ) Tj ET Q q 0 0 0 rg BT 204.16 81.05 Td (to ) Tj ET Q q 0 0 0 rg BT 214.18 81.05 Td (account ) Tj ET Q q 0 0 0 rg BT 248.22 81.05 Td (for ) Tj ET Q q 0 0 0 rg BT 261.24 81.05 Td (revenue ) Tj ET Q q 0 0 0 rg BT 296.28 81.05 Td (arising ) Tj ET Q q 0 0 0 rg BT 325.30 81.05 Td (from ) Tj ET Q q 0 0 0 rg BT 345.82 81.05 Td (contracts ) Tj ET Q q 0 0 0 rg BT 384.85 81.05 Td (with ) Tj ET Q q 0 0 0 rg BT 403.37 81.05 Td (customers ) Tj ET Q q 0 0 0 rg BT 447.39 81.05 Td (and ) Tj ET Q q 0 0 0 rg BT 464.92 81.05 Td (outlines ) Tj ET Q q 0 0 0 rg BT 498.46 81.05 Td (two ) Tj ET Q q 0 0 0 rg BT 514.98 81.05 Td (approaches ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 70.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.57 70.25 Td (recognizing ) Tj ET Q q 0 0 0 rg BT 107.66 70.25 Td (revenue: ) Tj ET Q q 0 0 0 rg BT 144.74 70.25 Td (at ) Tj ET Q q 0 0 0 rg BT 154.31 70.25 Td (a ) Tj ET Q q 0 0 0 rg BT 161.38 70.25 Td (point ) Tj ET Q q 0 0 0 rg BT 182.96 70.25 Td (in ) Tj ET Q q 0 0 0 rg BT 192.02 70.25 Td (time ) Tj ET Q q 0 0 0 rg BT 211.09 70.25 Td (or ) Tj ET Q q 0 0 0 rg BT 221.15 70.25 Td (over ) Tj ET Q q 0 0 0 rg BT 240.72 70.25 Td (time. ) Tj ET Q q 0 0 0 rg BT 262.29 70.25 Td (New ) Tj ET Q q 0 0 0 rg BT 282.35 70.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 322.93 70.25 Td (and ) Tj ET Q q 0 0 0 rg BT 340.01 70.25 Td (judgmental ) Tj ET Q q 0 0 0 rg BT 386.10 70.25 Td (thresholds ) Tj ET Q q 0 0 0 rg BT 429.69 70.25 Td (have ) Tj ET Q q 0 0 0 rg BT 451.26 70.25 Td (been ) Tj ET Q q 0 0 0 rg BT 473.35 70.25 Td (introduced, ) Tj ET Q q 0 0 0 rg BT 519.94 70.25 Td (which ) Tj ET Q q 0 0 0 rg BT 545.01 70.25 Td (may ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 59.45 Td (af) Tj ET Q q 0 0 0 rg BT 57.34 59.45 Td (fect ) Tj ET Q q 0 0 0 rg BT 75.37 59.45 Td (the ) Tj ET Q q 0 0 0 rg BT 91.40 59.45 Td (amount ) Tj ET Q q 0 0 0 rg BT 124.94 59.45 Td (and/or ) Tj ET Q q 0 0 0 rg BT 153.98 59.45 Td (timing ) Tj ET Q q 0 0 0 rg BT 181.51 59.45 Td (of ) Tj ET Q q 0 0 0 rg BT 192.54 59.45 Td (revenue ) Tj ET Q q 0 0 0 rg BT 228.58 59.45 Td (recognized. ) Tj ET Q q 0 0 0 rg BT 278.63 59.45 Td (Under ) Tj ET Q q 0 0 0 rg BT 306.67 59.45 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 330.69 59.45 Td (15, ) Tj ET Q q 0 0 0 rg BT 346.72 59.45 Td (revenue ) Tj ET Q q 0 0 0 rg BT 382.77 59.45 Td (is ) Tj ET Q q 0 0 0 rg BT 392.79 59.45 Td (recognized ) Tj ET Q q 0 0 0 rg BT 440.34 59.45 Td (at ) Tj ET Q q 0 0 0 rg BT 451.36 59.45 Td (an ) Tj ET Q q 0 0 0 rg BT 464.89 59.45 Td (amount ) Tj ET Q q 0 0 0 rg BT 498.43 59.45 Td (that ) Tj ET Q q 0 0 0 rg BT 516.97 59.45 Td (reflects ) Tj ET Q q 0 0 0 rg BT 549.50 59.45 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 48.65 Td (consideration ) Tj ET Q q 0 0 0 rg BT 105.83 48.65 Td (to ) Tj ET Q q 0 0 0 rg BT 115.63 48.65 Td (which ) Tj ET Q q 0 0 0 rg BT 140.93 48.65 Td (an ) Tj ET Q q 0 0 0 rg BT 153.24 48.65 Td (entity ) Tj ET Q q 0 0 0 rg BT 177.04 48.65 Td (expects ) Tj ET Q q 0 0 0 rg BT 210.35 48.65 Td (to ) Tj ET Q q 0 0 0 rg BT 220.15 48.65 Td (be ) Tj ET Q q 0 0 0 rg BT 232.46 48.65 Td (entitled ) Tj ET Q q 0 0 0 rg BT 263.77 48.65 Td (in ) Tj ET Q q 0 0 0 rg BT 273.07 48.65 Td (exchange ) Tj ET Q q 0 0 0 rg BT 314.40 48.65 Td (for ) Tj ET Q q 0 0 0 rg BT 327.19 48.65 Td (transferring ) Tj ET Q q 0 0 0 rg BT 375.01 48.65 Td (goods ) Tj ET Q q 0 0 0 rg BT 401.82 48.65 Td (or ) Tj ET Q q 0 0 0 rg BT 412.12 48.65 Td (services ) Tj ET Q q 0 0 0 rg BT 447.42 48.65 Td (to ) Tj ET Q q 0 0 0 rg BT 457.22 48.65 Td (a ) Tj ET Q q 0 0 0 rg BT 464.52 48.65 Td (customer) Tj ET Q q 0 0 0 rg BT 501.03 48.65 Td (. ) Tj ET Q q 0 0 0 rg BT 505.68 48.65 Td (The ) Tj ET Q q 0 0 0 rg BT 523.48 48.65 Td (Company ) Tj ET Q endstream endobj 47 0 obj <> endobj 48 0 obj <> stream BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 771.50 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 214.60 771.50 Td (AND ) Tj ET Q q 0 0 0 rg BT 241.08 771.50 Td (ANAL) Tj ET Q q 0 0 0 rg BT 270.62 771.50 Td (YSIS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.40 24.25 Td (22) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 749.45 Td (has ) Tj ET Q q 0 0 0 rg BT 66.46 749.45 Td (adopted ) Tj ET Q q 0 0 0 rg BT 100.95 749.45 Td (the ) Tj ET Q q 0 0 0 rg BT 115.41 749.45 Td (new ) Tj ET Q q 0 0 0 rg BT 133.87 749.45 Td (standard ) Tj ET Q q 0 0 0 rg BT 170.85 749.45 Td (using ) Tj ET Q q 0 0 0 rg BT 194.31 749.45 Td (the ) Tj ET Q q 0 0 0 rg BT 208.77 749.45 Td (modified ) Tj ET Q q 0 0 0 rg BT 244.74 749.45 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 298.22 749.45 Td (application ) Tj ET Q q 0 0 0 rg BT 343.20 749.45 Td (method ) Tj ET Q q 0 0 0 rg BT 375.17 749.45 Td (with ) Tj ET Q q 0 0 0 rg BT 393.13 749.45 Td (no ) Tj ET Q q 0 0 0 rg BT 405.09 749.45 Td (restatement ) Tj ET Q q 0 0 0 rg BT 454.56 749.45 Td (of ) Tj ET Q q 0 0 0 rg BT 464.02 749.45 Td (comparative ) Tj ET Q q 0 0 0 rg BT 514.99 749.45 Td (information. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 738.65 Td (The ) Tj ET Q q 0 0 0 rg BT 68.01 738.65 Td (adoption ) Tj ET Q q 0 0 0 rg BT 105.04 738.65 Td (did ) Tj ET Q q 0 0 0 rg BT 119.55 738.65 Td (not ) Tj ET Q q 0 0 0 rg BT 134.56 738.65 Td (have ) Tj ET Q q 0 0 0 rg BT 156.58 738.65 Td (an ) Tj ET Q q 0 0 0 rg BT 169.09 738.65 Td (impact ) Tj ET Q q 0 0 0 rg BT 198.10 738.65 Td (on ) Tj ET Q q 0 0 0 rg BT 210.61 738.65 Td (the ) Tj ET Q q 0 0 0 rg BT 225.62 738.65 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 280.66 738.65 Td (Financial ) Tj ET Q q 0 0 0 rg BT 319.18 738.65 Td (Statements. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 369.70 738.65 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 721.85 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 88.79 721.85 Td (is ) Tj ET Q q 0 0 0 rg BT 98.04 721.85 Td (recognized ) Tj ET Q q 0 0 0 rg BT 144.83 721.85 Td (to ) Tj ET Q q 0 0 0 rg BT 155.10 721.85 Td (the ) Tj ET Q q 0 0 0 rg BT 170.37 721.85 Td (extent ) Tj ET Q q 0 0 0 rg BT 197.64 721.85 Td (that ) Tj ET Q q 0 0 0 rg BT 215.42 721.85 Td (it ) Tj ET Q q 0 0 0 rg BT 222.67 721.85 Td (is ) Tj ET Q q 0 0 0 rg BT 231.93 721.85 Td (probable ) Tj ET Q q 0 0 0 rg BT 269.72 721.85 Td (that ) Tj ET Q q 0 0 0 rg BT 287.49 721.85 Td (the ) Tj ET Q q 0 0 0 rg BT 302.76 721.85 Td (economic ) Tj ET Q q 0 0 0 rg BT 344.04 721.85 Td (benefits ) Tj ET Q q 0 0 0 rg BT 378.32 721.85 Td (will ) Tj ET Q q 0 0 0 rg BT 393.58 721.85 Td (flow ) Tj ET Q q 0 0 0 rg BT 412.34 721.85 Td (to ) Tj ET Q q 0 0 0 rg BT 422.61 721.85 Td (the ) Tj ET Q q 0 0 0 rg BT 437.88 721.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 479.16 721.85 Td (and ) Tj ET Q q 0 0 0 rg BT 496.93 721.85 Td (the ) Tj ET Q q 0 0 0 rg BT 512.20 721.85 Td (revenue ) Tj ET Q q 0 0 0 rg BT 547.49 721.85 Td (can ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 711.05 Td (be ) Tj ET Q q 0 0 0 rg BT 63.15 711.05 Td (reliably ) Tj ET Q q 0 0 0 rg BT 94.81 711.05 Td (measured, ) Tj ET Q q 0 0 0 rg BT 140.48 711.05 Td (regardless ) Tj ET Q q 0 0 0 rg BT 185.64 711.05 Td (of ) Tj ET Q q 0 0 0 rg BT 196.29 711.05 Td (when ) Tj ET Q q 0 0 0 rg BT 220.95 711.05 Td (the ) Tj ET Q q 0 0 0 rg BT 236.61 711.05 Td (payment ) Tj ET Q q 0 0 0 rg BT 274.27 711.05 Td (is ) Tj ET Q q 0 0 0 rg BT 283.91 711.05 Td (received. ) Tj ET Q q 0 0 0 rg BT 323.57 711.05 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 362.75 711.05 Td (is ) Tj ET Q q 0 0 0 rg BT 372.39 711.05 Td (measured ) Tj ET Q q 0 0 0 rg BT 415.55 711.05 Td (at ) Tj ET Q q 0 0 0 rg BT 426.20 711.05 Td (the ) Tj ET Q q 0 0 0 rg BT 441.86 711.05 Td (fair ) Tj ET Q q 0 0 0 rg BT 457.51 711.05 Td (value ) Tj ET Q q 0 0 0 rg BT 482.17 711.05 Td (of ) Tj ET Q q 0 0 0 rg BT 492.81 711.05 Td (the ) Tj ET Q q 0 0 0 rg BT 508.47 711.05 Td (consideration ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (received ) Tj ET Q q 0 0 0 rg BT 87.16 700.25 Td (or ) Tj ET Q q 0 0 0 rg BT 98.31 700.25 Td (receivable, ) Tj ET Q q 0 0 0 rg BT 144.97 700.25 Td (taking ) Tj ET Q q 0 0 0 rg BT 172.13 700.25 Td (into ) Tj ET Q q 0 0 0 rg BT 189.78 700.25 Td (account ) Tj ET Q q 0 0 0 rg BT 224.45 700.25 Td (contractually ) Tj ET Q q 0 0 0 rg BT 278.11 700.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 310.78 700.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 336.43 700.25 Td (of ) Tj ET Q q 0 0 0 rg BT 347.08 700.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 384.74 700.25 Td (and ) Tj ET Q q 0 0 0 rg BT 402.90 700.25 Td (excluding ) Tj ET Q q 0 0 0 rg BT 444.06 700.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 468.72 700.25 Td (and ) Tj ET Q q 0 0 0 rg BT 486.88 700.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 517.03 700.25 Td (duties. ) Tj ET Q q 0 0 0 rg BT 546.49 700.25 Td (The ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 689.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.67 689.45 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 138.35 689.45 Td (revenue ) Tj ET Q q 0 0 0 rg BT 174.03 689.45 Td (as ) Tj ET Q q 0 0 0 rg BT 186.69 689.45 Td (a ) Tj ET Q q 0 0 0 rg BT 194.85 689.45 Td (principal ) Tj ET Q q 0 0 0 rg BT 231.52 689.45 Td (in ) Tj ET Q q 0 0 0 rg BT 241.68 689.45 Td (all ) Tj ET Q q 0 0 0 rg BT 253.84 689.45 Td (of ) Tj ET Q q 0 0 0 rg BT 264.50 689.45 Td (its ) Tj ET Q q 0 0 0 rg BT 276.66 689.45 Td (revenue ) Tj ET Q q 0 0 0 rg BT 312.33 689.45 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 371.02 689.45 Td (since ) Tj ET Q q 0 0 0 rg BT 395.18 689.45 Td (it ) Tj ET Q q 0 0 0 rg BT 402.84 689.45 Td (is ) Tj ET Q q 0 0 0 rg BT 412.49 689.45 Td (the ) Tj ET Q q 0 0 0 rg BT 428.16 689.45 Td (primary ) Tj ET Q q 0 0 0 rg BT 461.32 689.45 Td (obligor ) Tj ET Q q 0 0 0 rg BT 491.49 689.45 Td (in ) Tj ET Q q 0 0 0 rg BT 501.65 689.45 Td (all ) Tj ET Q q 0 0 0 rg BT 513.81 689.45 Td (the ) Tj ET Q q 0 0 0 rg BT 529.47 689.45 Td (revenue ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 678.65 Td (arrangements, ) Tj ET Q q 0 0 0 rg BT 110.53 678.65 Td (has ) Tj ET Q q 0 0 0 rg BT 127.54 678.65 Td (pricing ) Tj ET Q q 0 0 0 rg BT 156.55 678.65 Td (latitude, ) Tj ET Q q 0 0 0 rg BT 190.58 678.65 Td (and ) Tj ET Q q 0 0 0 rg BT 208.09 678.65 Td (is ) Tj ET Q q 0 0 0 rg BT 217.09 678.65 Td (also ) Tj ET Q q 0 0 0 rg BT 236.10 678.65 Td (exposed ) Tj ET Q q 0 0 0 rg BT 272.63 678.65 Td (to ) Tj ET Q q 0 0 0 rg BT 282.64 678.65 Td (inventory ) Tj ET Q q 0 0 0 rg BT 321.66 678.65 Td (and ) Tj ET Q q 0 0 0 rg BT 339.17 678.65 Td (credit ) Tj ET Q q 0 0 0 rg BT 363.68 678.65 Td (risks. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 387.18 678.65 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 661.85 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 88.60 661.85 Td (from ) Tj ET Q q 0 0 0 rg BT 109.17 661.85 Td (the ) Tj ET Q q 0 0 0 rg BT 124.25 661.85 Td (sale ) Tj ET Q q 0 0 0 rg BT 143.33 661.85 Td (of ) Tj ET Q q 0 0 0 rg BT 153.41 661.85 Td (goods ) Tj ET Q q 0 0 0 rg BT 180.50 661.85 Td (includes ) Tj ET Q q 0 0 0 rg BT 216.09 661.85 Td (sale ) Tj ET Q q 0 0 0 rg BT 235.17 661.85 Td (of ) Tj ET Q q 0 0 0 rg BT 245.24 661.85 Td (goods ) Tj ET Q q 0 0 0 rg BT 272.34 661.85 Td (from ) Tj ET Q q 0 0 0 rg BT 292.91 661.85 Td (the ) Tj ET Q q 0 0 0 rg BT 307.99 661.85 Td (Company) Tj ET Q q 0 0 0 rg BT 348.34 661.85 Td (s ) Tj ET Q q 0 0 0 rg BT 355.41 661.85 Td (production ) Tj ET Q q 0 0 0 rg BT 400.01 661.85 Td (of ) Tj ET Q q 0 0 0 rg BT 410.09 661.85 Td (steel ) Tj ET Q q 0 0 0 rg BT 431.67 661.85 Td (products. ) Tj ET Q q 0 0 0 rg BT 471.26 661.85 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 509.86 661.85 Td (from ) Tj ET Q q 0 0 0 rg BT 530.43 661.85 Td (the ) Tj ET Q q 0 0 0 rg BT 545.51 661.85 Td (sale ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 651.05 Td (of ) Tj ET Q q 0 0 0 rg BT 60.47 651.05 Td (goods ) Tj ET Q q 0 0 0 rg BT 87.96 651.05 Td (is ) Tj ET Q q 0 0 0 rg BT 97.42 651.05 Td (recognized ) Tj ET Q q 0 0 0 rg BT 144.42 651.05 Td (when ) Tj ET Q q 0 0 0 rg BT 168.90 651.05 Td (the ) Tj ET Q q 0 0 0 rg BT 184.38 651.05 Td (performance ) Tj ET Q q 0 0 0 rg BT 237.87 651.05 Td (obligation ) Tj ET Q q 0 0 0 rg BT 279.36 651.05 Td (is ) Tj ET Q q 0 0 0 rg BT 288.83 651.05 Td (satisfied ) Tj ET Q q 0 0 0 rg BT 324.81 651.05 Td (by ) Tj ET Q q 0 0 0 rg BT 337.28 651.05 Td (transferring ) Tj ET Q q 0 0 0 rg BT 385.77 651.05 Td (the ) Tj ET Q q 0 0 0 rg BT 401.24 651.05 Td (promised ) Tj ET Q q 0 0 0 rg BT 441.23 651.05 Td (good ) Tj ET Q q 0 0 0 rg BT 464.21 651.05 Td (to ) Tj ET Q q 0 0 0 rg BT 474.68 651.05 Td (a ) Tj ET Q q 0 0 0 rg BT 482.66 651.05 Td (customer) Tj ET Q q 0 0 0 rg BT 519.17 651.05 Td (. ) Tj ET Q q 0 0 0 rg BT 524.05 651.05 Td (A) Tj ET Q q 0 0 0 rg BT 529.55 651.05 Td ( ) Tj ET Q q 0 0 0 rg BT 532.52 651.05 Td (good ) Tj ET Q q 0 0 0 rg BT 555.51 651.05 Td (is ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 95.92 640.25 Td (transferred ) Tj ET Q q 0 0 0 rg BT 141.32 640.25 Td (when ) Tj ET Q q 0 0 0 rg BT 164.72 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 179.12 640.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 218.02 640.25 Td (obtains ) Tj ET Q q 0 0 0 rg BT 248.92 640.25 Td (control, ) Tj ET Q q 0 0 0 rg BT 280.32 640.25 Td (which ) Tj ET Q q 0 0 0 rg BT 305.22 640.25 Td (is ) Tj ET Q q 0 0 0 rg BT 313.61 640.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 345.02 640.25 Td (as ) Tj ET Q q 0 0 0 rg BT 356.41 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 370.81 640.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 395.70 640.25 Td (to ) Tj ET Q q 0 0 0 rg BT 405.10 640.25 Td (direct ) Tj ET Q q 0 0 0 rg BT 428.99 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 443.39 640.25 Td (use ) Tj ET Q q 0 0 0 rg BT 459.78 640.25 Td (of ) Tj ET Q q 0 0 0 rg BT 469.18 640.25 Td (and ) Tj ET Q q 0 0 0 rg BT 486.08 640.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 512.49 640.25 Td (substantially ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 629.45 Td (all ) Tj ET Q q 0 0 0 rg BT 61.94 629.45 Td (of ) Tj ET Q q 0 0 0 rg BT 72.39 629.45 Td (the ) Tj ET Q q 0 0 0 rg BT 87.84 629.45 Td (remaining ) Tj ET Q q 0 0 0 rg BT 130.30 629.45 Td (benefits ) Tj ET Q q 0 0 0 rg BT 164.76 629.45 Td (of ) Tj ET Q q 0 0 0 rg BT 175.20 629.45 Td (an ) Tj ET Q q 0 0 0 rg BT 188.15 629.45 Td (asset. ) Tj ET Q q 0 0 0 rg BT 215.10 629.45 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 254.07 629.45 Td (from ) Tj ET Q q 0 0 0 rg BT 275.01 629.45 Td (sale ) Tj ET Q q 0 0 0 rg BT 294.46 629.45 Td (of ) Tj ET Q q 0 0 0 rg BT 304.90 629.45 Td (goods ) Tj ET Q q 0 0 0 rg BT 332.36 629.45 Td (under ) Tj ET Q q 0 0 0 rg BT 358.32 629.45 Td (bill ) Tj ET Q q 0 0 0 rg BT 372.26 629.45 Td (and ) Tj ET Q q 0 0 0 rg BT 390.22 629.45 Td (hold ) Tj ET Q q 0 0 0 rg BT 410.17 629.45 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 468.64 629.45 Td (is ) Tj ET Q q 0 0 0 rg BT 478.08 629.45 Td (recognized ) Tj ET Q q 0 0 0 rg BT 525.05 629.45 Td (when ) Tj ET Q q 0 0 0 rg BT 549.50 629.45 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 618.65 Td (buyer ) Tj ET Q q 0 0 0 rg BT 75.24 618.65 Td (obtains ) Tj ET Q q 0 0 0 rg BT 106.98 618.65 Td (control ) Tj ET Q q 0 0 0 rg BT 136.72 618.65 Td (of ) Tj ET Q q 0 0 0 rg BT 146.95 618.65 Td (the ) Tj ET Q q 0 0 0 rg BT 162.19 618.65 Td (goods ) Tj ET Q q 0 0 0 rg BT 189.44 618.65 Td (and ) Tj ET Q q 0 0 0 rg BT 207.18 618.65 Td (the ) Tj ET Q q 0 0 0 rg BT 222.41 618.65 Td (following ) Tj ET Q q 0 0 0 rg BT 260.16 618.65 Td (criteria ) Tj ET Q q 0 0 0 rg BT 289.89 618.65 Td (are ) Tj ET Q q 0 0 0 rg BT 305.62 618.65 Td (met: ) Tj ET Q q 0 0 0 rg BT 325.85 618.65 Td (the ) Tj ET Q q 0 0 0 rg BT 341.09 618.65 Td (reason ) Tj ET Q q 0 0 0 rg BT 371.33 618.65 Td (for ) Tj ET Q q 0 0 0 rg BT 384.56 618.65 Td (the ) Tj ET Q q 0 0 0 rg BT 399.79 618.65 Td (bill ) Tj ET Q q 0 0 0 rg BT 413.52 618.65 Td (and ) Tj ET Q q 0 0 0 rg BT 431.27 618.65 Td (hold ) Tj ET Q q 0 0 0 rg BT 451.01 618.65 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 504.76 618.65 Td (is ) Tj ET Q q 0 0 0 rg BT 513.98 618.65 Td (substantive, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 607.85 Td (the ) Tj ET Q q 0 0 0 rg BT 64.81 607.85 Td (product ) Tj ET Q q 0 0 0 rg BT 97.14 607.85 Td (can ) Tj ET Q q 0 0 0 rg BT 113.95 607.85 Td (be ) Tj ET Q q 0 0 0 rg BT 126.27 607.85 Td (separately ) Tj ET Q q 0 0 0 rg BT 170.09 607.85 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 215.43 607.85 Td (as ) Tj ET Q q 0 0 0 rg BT 227.24 607.85 Td (belonging ) Tj ET Q q 0 0 0 rg BT 268.58 607.85 Td (to ) Tj ET Q q 0 0 0 rg BT 278.39 607.85 Td (the ) Tj ET Q q 0 0 0 rg BT 293.20 607.85 Td (customer) Tj ET Q q 0 0 0 rg BT 329.72 607.85 Td (, ) Tj ET Q q 0 0 0 rg BT 334.52 607.85 Td (the ) Tj ET Q q 0 0 0 rg BT 349.34 607.85 Td (item ) Tj ET Q q 0 0 0 rg BT 368.64 607.85 Td (is ) Tj ET Q q 0 0 0 rg BT 377.45 607.85 Td (ready ) Tj ET Q q 0 0 0 rg BT 402.26 607.85 Td (for ) Tj ET Q q 0 0 0 rg BT 415.07 607.85 Td (delivery) Tj ET Q q 0 0 0 rg BT 445.41 607.85 Td (, ) Tj ET Q q 0 0 0 rg BT 450.22 607.85 Td (the ) Tj ET Q q 0 0 0 rg BT 465.03 607.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 505.85 607.85 Td (does ) Tj ET Q q 0 0 0 rg BT 527.67 607.85 Td (not ) Tj ET Q q 0 0 0 rg BT 542.49 607.85 Td (have ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 597.05 Td (the ) Tj ET Q q 0 0 0 rg BT 65.01 597.05 Td (ability ) Tj ET Q q 0 0 0 rg BT 90.52 597.05 Td (to ) Tj ET Q q 0 0 0 rg BT 100.53 597.05 Td (use ) Tj ET Q q 0 0 0 rg BT 117.54 597.05 Td (the ) Tj ET Q q 0 0 0 rg BT 132.55 597.05 Td (product ) Tj ET Q q 0 0 0 rg BT 165.07 597.05 Td (or ) Tj ET Q q 0 0 0 rg BT 175.57 597.05 Td (direct ) Tj ET Q q 0 0 0 rg BT 200.08 597.05 Td (it ) Tj ET Q q 0 0 0 rg BT 207.08 597.05 Td (to ) Tj ET Q q 0 0 0 rg BT 217.09 597.05 Td (another ) Tj ET Q q 0 0 0 rg BT 250.11 597.05 Td (customer) Tj ET Q q 0 0 0 rg BT 286.63 597.05 Td (, ) Tj ET Q q 0 0 0 rg BT 291.63 597.05 Td (and ) Tj ET Q q 0 0 0 rg BT 309.15 597.05 Td (the ) Tj ET Q q 0 0 0 rg BT 324.16 597.05 Td (usual ) Tj ET Q q 0 0 0 rg BT 348.17 597.05 Td (payment ) Tj ET Q q 0 0 0 rg BT 385.19 597.05 Td (terms ) Tj ET Q q 0 0 0 rg BT 410.19 597.05 Td (apply) Tj ET Q q 0 0 0 rg BT 431.04 597.05 Td (. ) Tj ET Q q 0 0 0 rg BT 436.04 597.05 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 438.54 597.05 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 89.08 580.25 Td (from ) Tj ET Q q 0 0 0 rg BT 110.14 580.25 Td (the ) Tj ET Q q 0 0 0 rg BT 125.71 580.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 145.28 580.25 Td (of ) Tj ET Q q 0 0 0 rg BT 155.85 580.25 Td (products ) Tj ET Q q 0 0 0 rg BT 193.42 580.25 Td (is ) Tj ET Q q 0 0 0 rg BT 202.98 580.25 Td (measured ) Tj ET Q q 0 0 0 rg BT 246.06 580.25 Td (at ) Tj ET Q q 0 0 0 rg BT 256.63 580.25 Td (the ) Tj ET Q q 0 0 0 rg BT 272.20 580.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 287.76 580.25 Td (value ) Tj ET Q q 0 0 0 rg BT 312.33 580.25 Td (of ) Tj ET Q q 0 0 0 rg BT 322.90 580.25 Td (the ) Tj ET Q q 0 0 0 rg BT 338.47 580.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 395.06 580.25 Td (received ) Tj ET Q q 0 0 0 rg BT 432.14 580.25 Td (or ) Tj ET Q q 0 0 0 rg BT 443.20 580.25 Td (receivable, ) Tj ET Q q 0 0 0 rg BT 489.78 580.25 Td (net ) Tj ET Q q 0 0 0 rg BT 505.35 580.25 Td (of ) Tj ET Q q 0 0 0 rg BT 515.91 580.25 Td (returns ) Tj ET Q q 0 0 0 rg BT 546.98 580.25 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 569.45 Td (allowances, ) Tj ET Q q 0 0 0 rg BT 99.54 569.45 Td (trade ) Tj ET Q q 0 0 0 rg BT 122.56 569.45 Td (discounts, ) Tj ET Q q 0 0 0 rg BT 165.60 569.45 Td (volume ) Tj ET Q q 0 0 0 rg BT 197.13 569.45 Td (rebates ) Tj ET Q q 0 0 0 rg BT 229.66 569.45 Td (and ) Tj ET Q q 0 0 0 rg BT 247.19 569.45 Td (other ) Tj ET Q q 0 0 0 rg BT 270.21 569.45 Td (incentives. ) Tj ET Q q 0 0 0 rg BT 315.25 569.45 Td (Shipping ) Tj ET Q q 0 0 0 rg BT 352.79 569.45 Td (and ) Tj ET Q q 0 0 0 rg BT 370.32 569.45 Td (other ) Tj ET Q q 0 0 0 rg BT 393.34 569.45 Td (transportation ) Tj ET Q q 0 0 0 rg BT 450.89 569.45 Td (costs ) Tj ET Q q 0 0 0 rg BT 474.41 569.45 Td (charged ) Tj ET Q q 0 0 0 rg BT 509.44 569.45 Td (to ) Tj ET Q q 0 0 0 rg BT 519.46 569.45 Td (buyers ) Tj ET Q q 0 0 0 rg BT 548.99 569.45 Td (are ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 558.65 Td (recorded ) Tj ET Q q 0 0 0 rg BT 88.02 558.65 Td (in ) Tj ET Q q 0 0 0 rg BT 97.53 558.65 Td (sales ) Tj ET Q q 0 0 0 rg BT 121.04 558.65 Td (and ) Tj ET Q q 0 0 0 rg BT 138.55 558.65 Td (the ) Tj ET Q q 0 0 0 rg BT 153.57 558.65 Td (related ) Tj ET Q q 0 0 0 rg BT 183.58 558.65 Td (costs ) Tj ET Q q 0 0 0 rg BT 207.09 558.65 Td (recorded ) Tj ET Q q 0 0 0 rg BT 245.11 558.65 Td (in ) Tj ET Q q 0 0 0 rg BT 254.62 558.65 Td (cost ) Tj ET Q q 0 0 0 rg BT 273.62 558.65 Td (of ) Tj ET Q q 0 0 0 rg BT 283.63 558.65 Td (goods ) Tj ET Q q 0 0 0 rg BT 310.65 558.65 Td (sold.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 329.66 558.65 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 540.65 Td (b\) IFRS 9 - Financial instruments \(IFRS 9\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 246.13 540.65 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 523.85 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 73.80 523.85 Td (9 ) Tj ET Q q 0 0 0 rg BT 82.10 523.85 Td (introduced ) Tj ET Q q 0 0 0 rg BT 127.43 523.85 Td (new ) Tj ET Q q 0 0 0 rg BT 147.24 523.85 Td (requirements ) Tj ET Q q 0 0 0 rg BT 203.06 523.85 Td (for ) Tj ET Q q 0 0 0 rg BT 216.86 523.85 Td (the ) Tj ET Q q 0 0 0 rg BT 232.67 523.85 Td (classification, ) Tj ET Q q 0 0 0 rg BT 289.49 523.85 Td (measurement ) Tj ET Q q 0 0 0 rg BT 347.82 523.85 Td (impairment ) Tj ET Q q 0 0 0 rg BT 395.63 523.85 Td (of ) Tj ET Q q 0 0 0 rg BT 406.43 523.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 442.75 523.85 Td (instruments ) Tj ET Q q 0 0 0 rg BT 492.57 523.85 Td (as ) Tj ET Q q 0 0 0 rg BT 505.37 523.85 Td (well ) Tj ET Q q 0 0 0 rg BT 524.17 523.85 Td (as ) Tj ET Q q 0 0 0 rg BT 536.98 523.85 Td (hedge ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 513.05 Td (accounting. ) Tj ET Q q 0 0 0 rg BT 98.48 513.05 Td (The ) Tj ET Q q 0 0 0 rg BT 116.61 513.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 157.74 513.05 Td (adopted ) Tj ET Q q 0 0 0 rg BT 192.89 513.05 Td (the ) Tj ET Q q 0 0 0 rg BT 208.02 513.05 Td (new ) Tj ET Q q 0 0 0 rg BT 227.15 513.05 Td (standard ) Tj ET Q q 0 0 0 rg BT 264.79 513.05 Td (using ) Tj ET Q q 0 0 0 rg BT 288.92 513.05 Td (the ) Tj ET Q q 0 0 0 rg BT 304.05 513.05 Td (modified ) Tj ET Q q 0 0 0 rg BT 340.69 513.05 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 394.83 513.05 Td (application ) Tj ET Q q 0 0 0 rg BT 440.48 513.05 Td (method ) Tj ET Q q 0 0 0 rg BT 473.11 513.05 Td (with ) Tj ET Q q 0 0 0 rg BT 491.74 513.05 Td (no ) Tj ET Q q 0 0 0 rg BT 504.36 513.05 Td (restatement ) Tj ET Q q 0 0 0 rg BT 554.50 513.05 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (comparative ) Tj ET Q q 0 0 0 rg BT 101.52 502.25 Td (information. ) Tj ET Q q 0 0 0 rg BT 150.88 502.25 Td (The ) Tj ET Q q 0 0 0 rg BT 168.89 502.25 Td (adoption ) Tj ET Q q 0 0 0 rg BT 205.92 502.25 Td (did ) Tj ET Q q 0 0 0 rg BT 220.43 502.25 Td (not ) Tj ET Q q 0 0 0 rg BT 235.44 502.25 Td (have ) Tj ET Q q 0 0 0 rg BT 257.46 502.25 Td (an ) Tj ET Q q 0 0 0 rg BT 269.97 502.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 298.98 502.25 Td (on ) Tj ET Q q 0 0 0 rg BT 311.49 502.25 Td (the ) Tj ET Q q 0 0 0 rg BT 326.50 502.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 381.54 502.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 420.06 502.25 Td (Statements.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 468.08 502.25 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 485.45 Td (Stelco's ) Tj ET Q q 0 0 0 rg BT 83.92 485.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 119.63 485.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 148.33 485.45 Td (and ) Tj ET Q q 0 0 0 rg BT 166.03 485.45 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 202.74 485.45 Td (\(financial ) Tj ET Q q 0 0 0 rg BT 241.44 485.45 Td (instruments\) ) Tj ET Q q 0 0 0 rg BT 293.64 485.45 Td (include ) Tj ET Q q 0 0 0 rg BT 324.85 485.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 346.55 485.45 Td (and ) Tj ET Q q 0 0 0 rg BT 364.26 485.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 385.96 485.45 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 436.68 485.45 Td (restricted ) Tj ET Q q 0 0 0 rg BT 476.38 485.45 Td (cash, ) Tj ET Q q 0 0 0 rg BT 500.58 485.45 Td (trade ) Tj ET Q q 0 0 0 rg BT 523.78 485.45 Td (and ) Tj ET Q q 0 0 0 rg BT 541.48 485.45 Td (other ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 474.65 Td (receivables, ) Tj ET Q q 0 0 0 rg BT 100.31 474.65 Td (derivative ) Tj ET Q q 0 0 0 rg BT 141.11 474.65 Td (financial ) Tj ET Q q 0 0 0 rg BT 176.41 474.65 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 227.72 474.65 Td (trade ) Tj ET Q q 0 0 0 rg BT 250.51 474.65 Td (and ) Tj ET Q q 0 0 0 rg BT 267.81 474.65 Td (other ) Tj ET Q q 0 0 0 rg BT 290.61 474.65 Td (payables, ) Tj ET Q q 0 0 0 rg BT 331.42 474.65 Td (long-term ) Tj ET Q q 0 0 0 rg BT 371.72 474.65 Td (debt, ) Tj ET Q q 0 0 0 rg BT 394.02 474.65 Td (as ) Tj ET Q q 0 0 0 rg BT 405.81 474.65 Td (well ) Tj ET Q q 0 0 0 rg BT 423.60 474.65 Td (as ) Tj ET Q q 0 0 0 rg BT 435.39 474.65 Td (employee ) Tj ET Q q 0 0 0 rg BT 476.70 474.65 Td (benefit ) Tj ET Q q 0 0 0 rg BT 506.00 474.65 Td (commitments. ) Tj ET Q BT /F2 9.00 Tf ET BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 457.85 Td (The ) Tj ET Q q 0 0 0 rg BT 68.01 457.85 Td (classification ) Tj ET Q q 0 0 0 rg BT 121.53 457.85 Td (of ) Tj ET Q q 0 0 0 rg BT 131.54 457.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 167.06 457.85 Td (instruments ) Tj ET Q q 0 0 0 rg BT 216.07 457.85 Td (is ) Tj ET Q q 0 0 0 rg BT 225.07 457.85 Td (typically ) Tj ET Q q 0 0 0 rg BT 259.58 457.85 Td (determined ) Tj ET Q q 0 0 0 rg BT 307.11 457.85 Td (at ) Tj ET Q q 0 0 0 rg BT 317.12 457.85 Td (the ) Tj ET Q q 0 0 0 rg BT 332.13 457.85 Td (time ) Tj ET Q q 0 0 0 rg BT 351.63 457.85 Td (of ) Tj ET Q q 0 0 0 rg BT 361.64 457.85 Td (initial ) Tj ET Q q 0 0 0 rg BT 384.65 457.85 Td (recognition, ) Tj ET Q q 0 0 0 rg BT 433.68 457.85 Td (within ) Tj ET Q q 0 0 0 rg BT 459.19 457.85 Td (the ) Tj ET Q q 0 0 0 rg BT 474.20 457.85 Td (following ) Tj ET Q q 0 0 0 rg BT 511.72 457.85 Td (categories:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 555.74 457.85 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 86.00 441.05 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 122.00 441.05 Td (Amortized ) Tj ET Q q 0 0 0 rg BT 165.01 441.05 Td (cost) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 86.00 430.25 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 122.00 430.25 Td (Fair ) Tj ET Q q 0 0 0 rg BT 140.00 430.25 Td (value ) Tj ET Q q 0 0 0 rg BT 164.02 430.25 Td (through ) Tj ET Q q 0 0 0 rg BT 197.04 430.25 Td (income ) Tj ET Q q 0 0 0 rg BT 228.55 430.25 Td (or ) Tj ET Q q 0 0 0 rg BT 239.06 430.25 Td (loss ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 86.00 419.45 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 122.00 419.45 Td (Fair ) Tj ET Q q 0 0 0 rg BT 140.00 419.45 Td (value ) Tj ET Q q 0 0 0 rg BT 164.02 419.45 Td (through ) Tj ET Q q 0 0 0 rg BT 197.04 419.45 Td (other ) Tj ET Q q 0 0 0 rg BT 220.06 419.45 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 283.59 419.45 Td (income ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 50.00 402.65 Td (Financial ) Tj ET Q q 0 0 0 rg BT 88.52 402.65 Td (instruments ) Tj ET Q q 0 0 0 rg BT 137.53 402.65 Td (carried ) Tj ET Q q 0 0 0 rg BT 167.54 402.65 Td (at ) Tj ET Q q 0 0 0 rg BT 177.55 402.65 Td (fair ) Tj ET Q q 0 0 0 rg BT 192.55 402.65 Td (value ) Tj ET Q q 0 0 0 rg BT 216.57 402.65 Td (through ) Tj ET Q q 0 0 0 rg BT 249.60 402.65 Td (income ) Tj ET Q q 0 0 0 rg BT 281.11 402.65 Td (or ) Tj ET Q q 0 0 0 rg BT 291.61 402.65 Td (loss) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 307.62 402.65 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 385.85 Td (Financial ) Tj ET Q q 0 0 0 rg BT 88.93 385.85 Td (instruments ) Tj ET Q q 0 0 0 rg BT 138.36 385.85 Td (in ) Tj ET Q q 0 0 0 rg BT 148.29 385.85 Td (this ) Tj ET Q q 0 0 0 rg BT 165.21 385.85 Td (category ) Tj ET Q q 0 0 0 rg BT 202.64 385.85 Td (include ) Tj ET Q q 0 0 0 rg BT 234.08 385.85 Td (derivative ) Tj ET Q q 0 0 0 rg BT 275.51 385.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 311.45 385.85 Td (instruments ) Tj ET Q q 0 0 0 rg BT 360.88 385.85 Td (which ) Tj ET Q q 0 0 0 rg BT 386.80 385.85 Td (are ) Tj ET Q q 0 0 0 rg BT 402.73 385.85 Td (presented ) Tj ET Q q 0 0 0 rg BT 445.67 385.85 Td (on ) Tj ET Q q 0 0 0 rg BT 458.60 385.85 Td (the ) Tj ET Q q 0 0 0 rg BT 474.02 385.85 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 529.48 385.85 Td (Balance ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 375.05 Td (Sheets ) Tj ET Q q 0 0 0 rg BT 80.52 375.05 Td (as ) Tj ET Q q 0 0 0 rg BT 92.53 375.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 128.05 375.05 Td (assets ) Tj ET Q q 0 0 0 rg BT 156.56 375.05 Td (when ) Tj ET Q q 0 0 0 rg BT 180.57 375.05 Td (the ) Tj ET Q q 0 0 0 rg BT 195.59 375.05 Td (fair ) Tj ET Q q 0 0 0 rg BT 210.59 375.05 Td (value ) Tj ET Q q 0 0 0 rg BT 234.61 375.05 Td (is ) Tj ET Q q 0 0 0 rg BT 243.61 375.05 Td (positive ) Tj ET Q q 0 0 0 rg BT 276.62 375.05 Td (and ) Tj ET Q q 0 0 0 rg BT 294.14 375.05 Td (as ) Tj ET Q q 0 0 0 rg BT 306.14 375.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 341.67 375.05 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 378.18 375.05 Td (when ) Tj ET Q q 0 0 0 rg BT 402.20 375.05 Td (the ) Tj ET Q q 0 0 0 rg BT 417.21 375.05 Td (fair ) Tj ET Q q 0 0 0 rg BT 432.21 375.05 Td (value ) Tj ET Q q 0 0 0 rg BT 456.23 375.05 Td (is ) Tj ET Q q 0 0 0 rg BT 465.23 375.05 Td (negative.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 501.75 375.05 Td ( ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 88.52 358.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 137.53 358.25 Td (carried ) Tj ET Q q 0 0 0 rg BT 167.54 358.25 Td (at ) Tj ET Q q 0 0 0 rg BT 177.55 358.25 Td (amortized ) Tj ET Q q 0 0 0 rg BT 219.57 358.25 Td (cost) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 236.07 358.25 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 341.45 Td (Financial ) Tj ET Q q 0 0 0 rg BT 88.71 341.45 Td (instruments ) Tj ET Q q 0 0 0 rg BT 137.91 341.45 Td (in ) Tj ET Q q 0 0 0 rg BT 147.60 341.45 Td (this ) Tj ET Q q 0 0 0 rg BT 164.30 341.45 Td (category ) Tj ET Q q 0 0 0 rg BT 201.51 341.45 Td (include ) Tj ET Q q 0 0 0 rg BT 232.71 341.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 254.41 341.45 Td (and ) Tj ET Q q 0 0 0 rg BT 272.12 341.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 293.82 341.45 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 344.54 341.45 Td (trade ) Tj ET Q q 0 0 0 rg BT 367.74 341.45 Td (and ) Tj ET Q q 0 0 0 rg BT 385.44 341.45 Td (other ) Tj ET Q q 0 0 0 rg BT 408.65 341.45 Td (receivables, ) Tj ET Q q 0 0 0 rg BT 459.36 341.45 Td (trade ) Tj ET Q q 0 0 0 rg BT 482.56 341.45 Td (and ) Tj ET Q q 0 0 0 rg BT 500.27 341.45 Td (other ) Tj ET Q q 0 0 0 rg BT 523.47 341.45 Td (payables, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 330.65 Td (long-term ) Tj ET Q q 0 0 0 rg BT 90.55 330.65 Td (debt ) Tj ET Q q 0 0 0 rg BT 110.61 330.65 Td (and ) Tj ET Q q 0 0 0 rg BT 128.16 330.65 Td (the ) Tj ET Q q 0 0 0 rg BT 143.21 330.65 Td (employee ) Tj ET Q q 0 0 0 rg BT 184.78 330.65 Td (benefit ) Tj ET Q q 0 0 0 rg BT 214.34 330.65 Td (commitment. ) Tj ET Q q 0 0 0 rg BT 268.39 330.65 Td (Financial ) Tj ET Q q 0 0 0 rg BT 306.94 330.65 Td (instruments ) Tj ET Q q 0 0 0 rg BT 356.00 330.65 Td (are ) Tj ET Q q 0 0 0 rg BT 371.55 330.65 Td (recorded ) Tj ET Q q 0 0 0 rg BT 409.61 330.65 Td (initially ) Tj ET Q q 0 0 0 rg BT 439.16 330.65 Td (at ) Tj ET Q q 0 0 0 rg BT 449.20 330.65 Td (fair ) Tj ET Q q 0 0 0 rg BT 464.24 330.65 Td (value ) Tj ET Q q 0 0 0 rg BT 488.30 330.65 Td (and, ) Tj ET Q q 0 0 0 rg BT 508.35 330.65 Td (in ) Tj ET Q q 0 0 0 rg BT 517.90 330.65 Td (the ) Tj ET Q q 0 0 0 rg BT 532.95 330.65 Td (case ) Tj ET Q q 0 0 0 rg BT 554.50 330.65 Td (of ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 319.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 85.52 319.85 Td (assets ) Tj ET Q q 0 0 0 rg BT 114.03 319.85 Td (and ) Tj ET Q q 0 0 0 rg BT 131.55 319.85 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 168.06 319.85 Td (carried ) Tj ET Q q 0 0 0 rg BT 198.07 319.85 Td (at ) Tj ET Q q 0 0 0 rg BT 208.08 319.85 Td (amortized ) Tj ET Q q 0 0 0 rg BT 250.10 319.85 Td (cost, ) Tj ET Q q 0 0 0 rg BT 271.60 319.85 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 308.13 319.85 Td (for ) Tj ET Q q 0 0 0 rg BT 321.13 319.85 Td (directly ) Tj ET Q q 0 0 0 rg BT 352.14 319.85 Td (attributable ) Tj ET Q q 0 0 0 rg BT 399.17 319.85 Td (transaction ) Tj ET Q q 0 0 0 rg BT 445.70 319.85 Td (costs.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.20 319.85 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 303.05 Td (T) Tj ET Q q 0 0 0 rg BT 55.16 303.05 Td (rade ) Tj ET Q q 0 0 0 rg BT 75.85 303.05 Td (and ) Tj ET Q q 0 0 0 rg BT 93.53 303.05 Td (other ) Tj ET Q q 0 0 0 rg BT 116.72 303.05 Td (receivables ) Tj ET Q q 0 0 0 rg BT 164.91 303.05 Td (include ) Tj ET Q q 0 0 0 rg BT 196.10 303.05 Td (originated ) Tj ET Q q 0 0 0 rg BT 238.30 303.05 Td (and ) Tj ET Q q 0 0 0 rg BT 255.99 303.05 Td (purchased ) Tj ET Q q 0 0 0 rg BT 300.69 303.05 Td (non-derivative ) Tj ET Q q 0 0 0 rg BT 359.89 303.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 395.58 303.05 Td (assets ) Tj ET Q q 0 0 0 rg BT 424.26 303.05 Td (with ) Tj ET Q q 0 0 0 rg BT 442.94 303.05 Td (fixed ) Tj ET Q q 0 0 0 rg BT 464.62 303.05 Td (or ) Tj ET Q q 0 0 0 rg BT 475.29 303.05 Td (determined ) Tj ET Q q 0 0 0 rg BT 522.99 303.05 Td (payments ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 292.25 Td (that ) Tj ET Q q 0 0 0 rg BT 68.16 292.25 Td (are ) Tj ET Q q 0 0 0 rg BT 84.31 292.25 Td (not ) Tj ET Q q 0 0 0 rg BT 99.96 292.25 Td (quoted ) Tj ET Q q 0 0 0 rg BT 130.63 292.25 Td (in ) Tj ET Q q 0 0 0 rg BT 140.78 292.25 Td (an ) Tj ET Q q 0 0 0 rg BT 153.94 292.25 Td (active ) Tj ET Q q 0 0 0 rg BT 180.59 292.25 Td (market ) Tj ET Q q 0 0 0 rg BT 211.24 292.25 Td (and ) Tj ET Q q 0 0 0 rg BT 229.40 292.25 Td (are ) Tj ET Q q 0 0 0 rg BT 245.55 292.25 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 301.74 292.25 Td (measured ) Tj ET Q q 0 0 0 rg BT 344.90 292.25 Td (at ) Tj ET Q q 0 0 0 rg BT 355.55 292.25 Td (amortized ) Tj ET Q q 0 0 0 rg BT 398.21 292.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 417.86 292.25 Td (and ) Tj ET Q q 0 0 0 rg BT 436.02 292.25 Td (is ) Tj ET Q q 0 0 0 rg BT 445.66 292.25 Td (computed ) Tj ET Q q 0 0 0 rg BT 488.33 292.25 Td (using ) Tj ET Q q 0 0 0 rg BT 512.99 292.25 Td (the ) Tj ET Q q 0 0 0 rg BT 528.65 292.25 Td (ef) Tj ET Q q 0 0 0 rg BT 535.99 292.25 Td (fective ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 281.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 82.01 281.45 Td (method ) Tj ET Q q 0 0 0 rg BT 114.53 281.45 Td (less ) Tj ET Q q 0 0 0 rg BT 133.04 281.45 Td (any ) Tj ET Q q 0 0 0 rg BT 150.05 281.45 Td (allowance ) Tj ET Q q 0 0 0 rg BT 192.58 281.45 Td (for ) Tj ET Q q 0 0 0 rg BT 205.58 281.45 Td (impairment. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 255.09 281.45 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 264.65 Td (T) Tj ET Q q 0 0 0 rg BT 55.16 264.65 Td (rade ) Tj ET Q q 0 0 0 rg BT 75.80 264.65 Td (and ) Tj ET Q q 0 0 0 rg BT 93.44 264.65 Td (other ) Tj ET Q q 0 0 0 rg BT 116.57 264.65 Td (payables, ) Tj ET Q q 0 0 0 rg BT 157.72 264.65 Td (long-term ) Tj ET Q q 0 0 0 rg BT 198.36 264.65 Td (debt ) Tj ET Q q 0 0 0 rg BT 218.50 264.65 Td (\(including ) Tj ET Q q 0 0 0 rg BT 259.64 264.65 Td (the ) Tj ET Q q 0 0 0 rg BT 274.78 264.65 Td (current ) Tj ET Q q 0 0 0 rg BT 305.41 264.65 Td (portion ) Tj ET Q q 0 0 0 rg BT 335.55 264.65 Td (of ) Tj ET Q q 0 0 0 rg BT 345.68 264.65 Td (long-term ) Tj ET Q q 0 0 0 rg BT 386.31 264.65 Td (debt\), ) Tj ET Q q 0 0 0 rg BT 411.95 264.65 Td (the ) Tj ET Q q 0 0 0 rg BT 427.09 264.65 Td (employee ) Tj ET Q q 0 0 0 rg BT 468.73 264.65 Td (benefit ) Tj ET Q q 0 0 0 rg BT 498.38 264.65 Td (commitment, ) Tj ET Q q 0 0 0 rg BT 552.51 264.65 Td (as ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 253.85 Td (well ) Tj ET Q q 0 0 0 rg BT 66.82 253.85 Td (as ) Tj ET Q q 0 0 0 rg BT 77.64 253.85 Td (the ) Tj ET Q q 0 0 0 rg BT 91.46 253.85 Td (finance ) Tj ET Q q 0 0 0 rg BT 121.80 253.85 Td (lease ) Tj ET Q q 0 0 0 rg BT 144.63 253.85 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 191.47 253.85 Td (are ) Tj ET Q q 0 0 0 rg BT 205.79 253.85 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 260.15 253.85 Td (measured ) Tj ET Q q 0 0 0 rg BT 301.48 253.85 Td (at ) Tj ET Q q 0 0 0 rg BT 310.30 253.85 Td (amortized ) Tj ET Q q 0 0 0 rg BT 351.13 253.85 Td (cost ) Tj ET Q q 0 0 0 rg BT 368.95 253.85 Td (using ) Tj ET Q q 0 0 0 rg BT 391.78 253.85 Td (the ) Tj ET Q q 0 0 0 rg BT 405.61 253.85 Td (ef) Tj ET Q q 0 0 0 rg BT 412.95 253.85 Td (fective ) Tj ET Q q 0 0 0 rg BT 440.27 253.85 Td (interest ) Tj ET Q q 0 0 0 rg BT 471.10 253.85 Td (rate ) Tj ET Q q 0 0 0 rg BT 487.92 253.85 Td (method. ) Tj ET Q q 0 0 0 rg BT 521.50 253.85 Td (Amortized ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 243.05 Td (cost ) Tj ET Q q 0 0 0 rg BT 69.21 243.05 Td (is ) Tj ET Q q 0 0 0 rg BT 78.41 243.05 Td (calculated ) Tj ET Q q 0 0 0 rg BT 121.65 243.05 Td (by ) Tj ET Q q 0 0 0 rg BT 133.86 243.05 Td (taking ) Tj ET Q q 0 0 0 rg BT 160.58 243.05 Td (into ) Tj ET Q q 0 0 0 rg BT 177.79 243.05 Td (account ) Tj ET Q q 0 0 0 rg BT 212.02 243.05 Td (any ) Tj ET Q q 0 0 0 rg BT 229.23 243.05 Td (discount ) Tj ET Q q 0 0 0 rg BT 265.46 243.05 Td (or ) Tj ET Q q 0 0 0 rg BT 276.17 243.05 Td (premium ) Tj ET Q q 0 0 0 rg BT 313.88 243.05 Td (on ) Tj ET Q q 0 0 0 rg BT 326.59 243.05 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 371.82 243.05 Td (and ) Tj ET Q q 0 0 0 rg BT 389.54 243.05 Td (fees. ) Tj ET Q q 0 0 0 rg BT 411.58 243.05 Td (The ) Tj ET Q q 0 0 0 rg BT 429.80 243.05 Td (ef) Tj ET Q q 0 0 0 rg BT 437.14 243.05 Td (fective ) Tj ET Q q 0 0 0 rg BT 465.86 243.05 Td (interest ) Tj ET Q q 0 0 0 rg BT 498.07 243.05 Td (rate ) Tj ET Q q 0 0 0 rg BT 516.29 243.05 Td (accretion ) Tj ET Q q 0 0 0 rg BT 555.51 243.05 Td (is ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 232.25 Td (included ) Tj ET Q q 0 0 0 rg BT 86.03 232.25 Td (as ) Tj ET Q q 0 0 0 rg BT 98.03 232.25 Td (finance ) Tj ET Q q 0 0 0 rg BT 129.55 232.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 153.06 232.25 Td (in ) Tj ET Q q 0 0 0 rg BT 162.57 232.25 Td (the ) Tj ET Q q 0 0 0 rg BT 177.58 232.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 230.62 232.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 277.14 232.25 Td (of ) Tj ET Q q 0 0 0 rg BT 287.14 232.25 Td (income. ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 50.00 215.45 Td (Impairment of financial assets carried at amortized cost) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 270.09 215.45 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 198.65 Td (T) Tj ET Q q 0 0 0 rg BT 55.16 198.65 Td (rade ) Tj ET Q q 0 0 0 rg BT 74.96 198.65 Td (and ) Tj ET Q q 0 0 0 rg BT 91.77 198.65 Td (other ) Tj ET Q q 0 0 0 rg BT 114.07 198.65 Td (receivables ) Tj ET Q q 0 0 0 rg BT 161.38 198.65 Td (are ) Tj ET Q q 0 0 0 rg BT 176.18 198.65 Td (subject ) Tj ET Q q 0 0 0 rg BT 206.48 198.65 Td (to ) Tj ET Q q 0 0 0 rg BT 215.77 198.65 Td (lifetime ) Tj ET Q q 0 0 0 rg BT 246.07 198.65 Td (expected ) Tj ET Q q 0 0 0 rg BT 284.38 198.65 Td (credit ) Tj ET Q q 0 0 0 rg BT 308.18 198.65 Td (losses ) Tj ET Q q 0 0 0 rg BT 335.48 198.65 Td (\(ECL\) ) Tj ET Q q 0 0 0 rg BT 360.77 198.65 Td (which ) Tj ET Q q 0 0 0 rg BT 385.56 198.65 Td (are ) Tj ET Q q 0 0 0 rg BT 400.36 198.65 Td (measured ) Tj ET Q q 0 0 0 rg BT 442.17 198.65 Td (as ) Tj ET Q q 0 0 0 rg BT 453.46 198.65 Td (the ) Tj ET Q q 0 0 0 rg BT 467.76 198.65 Td (dif) Tj ET Q q 0 0 0 rg BT 477.10 198.65 Td (ference ) Tj ET Q q 0 0 0 rg BT 508.91 198.65 Td (in ) Tj ET Q q 0 0 0 rg BT 517.70 198.65 Td (the ) Tj ET Q q 0 0 0 rg BT 532.00 198.65 Td (present ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 187.85 Td (value ) Tj ET Q q 0 0 0 rg BT 74.83 187.85 Td (of ) Tj ET Q q 0 0 0 rg BT 85.65 187.85 Td (the ) Tj ET Q q 0 0 0 rg BT 101.48 187.85 Td (contractual ) Tj ET Q q 0 0 0 rg BT 148.82 187.85 Td (cash ) Tj ET Q q 0 0 0 rg BT 171.14 187.85 Td (flows ) Tj ET Q q 0 0 0 rg BT 194.96 187.85 Td (that ) Tj ET Q q 0 0 0 rg BT 213.29 187.85 Td (are ) Tj ET Q q 0 0 0 rg BT 229.61 187.85 Td (due ) Tj ET Q q 0 0 0 rg BT 247.94 187.85 Td (under ) Tj ET Q q 0 0 0 rg BT 274.28 187.85 Td (the ) Tj ET Q q 0 0 0 rg BT 290.10 187.85 Td (contract, ) Tj ET Q q 0 0 0 rg BT 327.93 187.85 Td (and ) Tj ET Q q 0 0 0 rg BT 346.26 187.85 Td (the ) Tj ET Q q 0 0 0 rg BT 362.09 187.85 Td (cash ) Tj ET Q q 0 0 0 rg BT 384.42 187.85 Td (flows ) Tj ET Q q 0 0 0 rg BT 408.23 187.85 Td (that ) Tj ET Q q 0 0 0 rg BT 426.56 187.85 Td (are ) Tj ET Q q 0 0 0 rg BT 442.88 187.85 Td (expected ) Tj ET Q q 0 0 0 rg BT 482.73 187.85 Td (to ) Tj ET Q q 0 0 0 rg BT 493.55 187.85 Td (be ) Tj ET Q q 0 0 0 rg BT 506.87 187.85 Td (received. ) Tj ET Q q 0 0 0 rg BT 546.49 187.85 Td (The ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 177.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.86 177.05 Td (applies ) Tj ET Q q 0 0 0 rg BT 123.73 177.05 Td (the ) Tj ET Q q 0 0 0 rg BT 139.59 177.05 Td (simplified ) Tj ET Q q 0 0 0 rg BT 180.44 177.05 Td (approach ) Tj ET Q q 0 0 0 rg BT 221.32 177.05 Td (at ) Tj ET Q q 0 0 0 rg BT 232.17 177.05 Td (each ) Tj ET Q q 0 0 0 rg BT 255.03 177.05 Td (reporting ) Tj ET Q q 0 0 0 rg BT 293.90 177.05 Td (date ) Tj ET Q q 0 0 0 rg BT 314.76 177.05 Td (on ) Tj ET Q q 0 0 0 rg BT 328.11 177.05 Td (its ) Tj ET Q q 0 0 0 rg BT 340.46 177.05 Td (trade ) Tj ET Q q 0 0 0 rg BT 364.32 177.05 Td (and ) Tj ET Q q 0 0 0 rg BT 382.68 177.05 Td (other ) Tj ET Q q 0 0 0 rg BT 406.54 177.05 Td (receivables ) Tj ET Q q 0 0 0 rg BT 455.41 177.05 Td (and ) Tj ET Q q 0 0 0 rg BT 473.77 177.05 Td (considers ) Tj ET Q q 0 0 0 rg BT 515.63 177.05 Td (current ) Tj ET Q q 0 0 0 rg BT 546.99 177.05 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 114.03 166.25 Td (macro-economic ) Tj ET Q q 0 0 0 rg BT 183.05 166.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 212.56 166.25 Td (that ) Tj ET Q q 0 0 0 rg BT 230.07 166.25 Td (may ) Tj ET Q q 0 0 0 rg BT 249.57 166.25 Td (af) Tj ET Q q 0 0 0 rg BT 256.92 166.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 273.92 166.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 311.94 166.25 Td (default ) Tj ET Q q 0 0 0 rg BT 341.46 166.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 363.97 166.25 Td (when ) Tj ET Q q 0 0 0 rg BT 387.98 166.25 Td (estimating ) Tj ET Q q 0 0 0 rg BT 431.50 166.25 Td (ECL.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.51 166.25 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 149.45 Td (Financial ) Tj ET Q q 0 0 0 rg BT 88.51 149.45 Td (assets, ) Tj ET Q q 0 0 0 rg BT 119.52 149.45 Td (together ) Tj ET Q q 0 0 0 rg BT 155.04 149.45 Td (with ) Tj ET Q q 0 0 0 rg BT 173.54 149.45 Td (the ) Tj ET Q q 0 0 0 rg BT 188.55 149.45 Td (associated ) Tj ET Q q 0 0 0 rg BT 234.07 149.45 Td (allowance, ) Tj ET Q q 0 0 0 rg BT 279.09 149.45 Td (are ) Tj ET Q q 0 0 0 rg BT 294.60 149.45 Td (written ) Tj ET Q q 0 0 0 rg BT 323.60 149.45 Td (of) Tj ET Q q 0 0 0 rg BT 330.94 149.45 Td (f ) Tj ET Q q 0 0 0 rg BT 335.94 149.45 Td (when ) Tj ET Q q 0 0 0 rg BT 359.95 149.45 Td (there ) Tj ET Q q 0 0 0 rg BT 382.96 149.45 Td (is ) Tj ET Q q 0 0 0 rg BT 391.95 149.45 Td (no ) Tj ET Q q 0 0 0 rg BT 404.46 149.45 Td (realistic ) Tj ET Q q 0 0 0 rg BT 437.46 149.45 Td (prospect ) Tj ET Q q 0 0 0 rg BT 474.48 149.45 Td (of ) Tj ET Q q 0 0 0 rg BT 484.48 149.45 Td (future ) Tj ET Q q 0 0 0 rg BT 509.99 149.45 Td (recovery ) Tj ET Q q 0 0 0 rg BT 546.99 149.45 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 138.65 Td (all ) Tj ET Q q 0 0 0 rg BT 62.33 138.65 Td (collateral ) Tj ET Q q 0 0 0 rg BT 101.68 138.65 Td (has ) Tj ET Q q 0 0 0 rg BT 119.52 138.65 Td (been ) Tj ET Q q 0 0 0 rg BT 142.87 138.65 Td (realized ) Tj ET Q q 0 0 0 rg BT 177.71 138.65 Td (or ) Tj ET Q q 0 0 0 rg BT 189.04 138.65 Td (has ) Tj ET Q q 0 0 0 rg BT 206.88 138.65 Td (been ) Tj ET Q q 0 0 0 rg BT 230.23 138.65 Td (transferred ) Tj ET Q q 0 0 0 rg BT 277.08 138.65 Td (to ) Tj ET Q q 0 0 0 rg BT 287.91 138.65 Td (the ) Tj ET Q q 0 0 0 rg BT 303.75 138.65 Td (Company) Tj ET Q q 0 0 0 rg BT 341.60 138.65 Td (. ) Tj ET Q q 0 0 0 rg BT 347.43 138.65 Td (If ) Tj ET Q q 0 0 0 rg BT 355.76 138.65 Td (in ) Tj ET Q q 0 0 0 rg BT 366.09 138.65 Td (a ) Tj ET Q q 0 0 0 rg BT 374.43 138.65 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 424.29 138.65 Td (year) Tj ET Q q 0 0 0 rg BT 441.30 138.65 Td (, ) Tj ET Q q 0 0 0 rg BT 447.13 138.65 Td (the ) Tj ET Q q 0 0 0 rg BT 462.97 138.65 Td (amount ) Tj ET Q q 0 0 0 rg BT 496.32 138.65 Td (of ) Tj ET Q q 0 0 0 rg BT 507.15 138.65 Td (the ) Tj ET Q q 0 0 0 rg BT 522.99 138.65 Td (estimated ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 127.85 Td (impairment ) Tj ET Q q 0 0 0 rg BT 98.40 127.85 Td (loss ) Tj ET Q q 0 0 0 rg BT 118.30 127.85 Td (increases ) Tj ET Q q 0 0 0 rg BT 160.71 127.85 Td (or ) Tj ET Q q 0 0 0 rg BT 172.60 127.85 Td (decreases ) Tj ET Q q 0 0 0 rg BT 218.02 127.85 Td (because ) Tj ET Q q 0 0 0 rg BT 255.94 127.85 Td (of ) Tj ET Q q 0 0 0 rg BT 267.34 127.85 Td (an ) Tj ET Q q 0 0 0 rg BT 281.24 127.85 Td (event ) Tj ET Q q 0 0 0 rg BT 307.15 127.85 Td (occurring ) Tj ET Q q 0 0 0 rg BT 348.05 127.85 Td (after ) Tj ET Q q 0 0 0 rg BT 369.95 127.85 Td (the ) Tj ET Q q 0 0 0 rg BT 386.36 127.85 Td (impairment ) Tj ET Q q 0 0 0 rg BT 434.76 127.85 Td (was ) Tj ET Q q 0 0 0 rg BT 454.66 127.85 Td (recognized, ) Tj ET Q q 0 0 0 rg BT 505.08 127.85 Td (the ) Tj ET Q q 0 0 0 rg BT 521.48 127.85 Td (previously ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 117.05 Td (recognized ) Tj ET Q q 0 0 0 rg BT 96.67 117.05 Td (impairment ) Tj ET Q q 0 0 0 rg BT 143.83 117.05 Td (loss ) Tj ET Q q 0 0 0 rg BT 162.48 117.05 Td (is ) Tj ET Q q 0 0 0 rg BT 171.63 117.05 Td (increased ) Tj ET Q q 0 0 0 rg BT 213.30 117.05 Td (or ) Tj ET Q q 0 0 0 rg BT 223.95 117.05 Td (decreased ) Tj ET Q q 0 0 0 rg BT 268.62 117.05 Td (by ) Tj ET Q q 0 0 0 rg BT 280.77 117.05 Td (adjusting ) Tj ET Q q 0 0 0 rg BT 319.45 117.05 Td (the ) Tj ET Q q 0 0 0 rg BT 334.60 117.05 Td (carrying ) Tj ET Q q 0 0 0 rg BT 369.26 117.05 Td (value ) Tj ET Q q 0 0 0 rg BT 393.42 117.05 Td (of ) Tj ET Q q 0 0 0 rg BT 403.57 117.05 Td (the ) Tj ET Q q 0 0 0 rg BT 418.73 117.05 Td (loan ) Tj ET Q q 0 0 0 rg BT 438.39 117.05 Td (or ) Tj ET Q q 0 0 0 rg BT 449.04 117.05 Td (receivable. ) Tj ET Q q 0 0 0 rg BT 495.21 117.05 Td (If ) Tj ET Q q 0 0 0 rg BT 502.86 117.05 Td (a ) Tj ET Q q 0 0 0 rg BT 510.51 117.05 Td (past ) Tj ET Q q 0 0 0 rg BT 530.17 117.05 Td (write-of) Tj ET Q q 0 0 0 rg BT 559.51 117.05 Td (f ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (is ) Tj ET Q q 0 0 0 rg BT 59.00 106.25 Td (later ) Tj ET Q q 0 0 0 rg BT 79.01 106.25 Td (recovered, ) Tj ET Q q 0 0 0 rg BT 124.03 106.25 Td (the ) Tj ET Q q 0 0 0 rg BT 139.04 106.25 Td (recovery ) Tj ET Q q 0 0 0 rg BT 176.05 106.25 Td (is ) Tj ET Q q 0 0 0 rg BT 185.05 106.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 231.58 106.25 Td (in ) Tj ET Q q 0 0 0 rg BT 241.09 106.25 Td (the ) Tj ET Q q 0 0 0 rg BT 256.10 106.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 309.14 106.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 355.66 106.25 Td (of ) Tj ET Q q 0 0 0 rg BT 365.66 106.25 Td (income. ) Tj ET Q endstream endobj 49 0 obj <>] /Rotate 0 /Contents 50 0 R>> endobj 50 0 obj <> stream BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 771.50 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 214.60 771.50 Td (AND ) Tj ET Q q 0 0 0 rg BT 241.08 771.50 Td (ANAL) Tj ET Q q 0 0 0 rg BT 270.62 771.50 Td (YSIS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.40 24.25 Td (23) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 748.75 Td (Future Changes in ) Tj ET Q q 0 0 0 rg BT 140.19 748.75 Td (Accounting Policies) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 731.95 Td (Stelco monitors the potential changes proposed by the IASB and analyzes the ef) Tj ET Q q 0 0 0 rg BT 370.54 731.95 Td (fect that changes in the standards may have on ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 721.15 Td (its operations. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 704.35 Td (Standards ) Tj ET Q q 0 0 0 rg BT 93.28 704.35 Td (issued ) Tj ET Q q 0 0 0 rg BT 121.56 704.35 Td (but ) Tj ET Q q 0 0 0 rg BT 136.32 704.35 Td (not ) Tj ET Q q 0 0 0 rg BT 151.09 704.35 Td (yet ) Tj ET Q q 0 0 0 rg BT 165.35 704.35 Td (ef) Tj ET Q q 0 0 0 rg BT 172.70 704.35 Td (fective ) Tj ET Q q 0 0 0 rg BT 200.96 704.35 Td (up ) Tj ET Q q 0 0 0 rg BT 213.23 704.35 Td (to ) Tj ET Q q 0 0 0 rg BT 222.99 704.35 Td (the ) Tj ET Q q 0 0 0 rg BT 237.76 704.35 Td (date ) Tj ET Q q 0 0 0 rg BT 257.53 704.35 Td (of ) Tj ET Q q 0 0 0 rg BT 267.30 704.35 Td (issuance ) Tj ET Q q 0 0 0 rg BT 305.07 704.35 Td (of ) Tj ET Q q 0 0 0 rg BT 314.84 704.35 Td (these ) Tj ET Q q 0 0 0 rg BT 339.11 704.35 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 393.90 704.35 Td (Financial ) Tj ET Q q 0 0 0 rg BT 432.18 704.35 Td (Statements ) Tj ET Q q 0 0 0 rg BT 479.95 704.35 Td (are ) Tj ET Q q 0 0 0 rg BT 495.22 704.35 Td (described ) Tj ET Q q 0 0 0 rg BT 536.50 704.35 Td (below) Tj ET Q q 0 0 0 rg BT 559.52 704.35 Td (. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 693.55 Td (This ) Tj ET Q q 0 0 0 rg BT 69.78 693.55 Td (description ) Tj ET Q q 0 0 0 rg BT 116.07 693.55 Td (is ) Tj ET Q q 0 0 0 rg BT 125.35 693.55 Td (of ) Tj ET Q q 0 0 0 rg BT 135.63 693.55 Td (the ) Tj ET Q q 0 0 0 rg BT 150.91 693.55 Td (standards ) Tj ET Q q 0 0 0 rg BT 193.21 693.55 Td (and ) Tj ET Q q 0 0 0 rg BT 211.00 693.55 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 270.81 693.55 Td (issued ) Tj ET Q q 0 0 0 rg BT 299.60 693.55 Td (that ) Tj ET Q q 0 0 0 rg BT 317.38 693.55 Td (the ) Tj ET Q q 0 0 0 rg BT 332.67 693.55 Td (Company ) Tj ET Q q 0 0 0 rg BT 373.96 693.55 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 420.76 693.55 Td (expects ) Tj ET Q q 0 0 0 rg BT 454.55 693.55 Td (to ) Tj ET Q q 0 0 0 rg BT 464.83 693.55 Td (be ) Tj ET Q q 0 0 0 rg BT 477.62 693.55 Td (applicable ) Tj ET Q q 0 0 0 rg BT 520.92 693.55 Td (at ) Tj ET Q q 0 0 0 rg BT 531.20 693.55 Td (a ) Tj ET Q q 0 0 0 rg BT 538.98 693.55 Td (future ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 682.75 Td (date. ) Tj ET Q q 0 0 0 rg BT 72.52 682.75 Td (Stelco ) Tj ET Q q 0 0 0 rg BT 100.03 682.75 Td (intends ) Tj ET Q q 0 0 0 rg BT 131.55 682.75 Td (to ) Tj ET Q q 0 0 0 rg BT 141.56 682.75 Td (adopt ) Tj ET Q q 0 0 0 rg BT 166.58 682.75 Td (these ) Tj ET Q q 0 0 0 rg BT 191.10 682.75 Td (standards ) Tj ET Q q 0 0 0 rg BT 233.12 682.75 Td (when ) Tj ET Q q 0 0 0 rg BT 257.14 682.75 Td (they ) Tj ET Q q 0 0 0 rg BT 276.65 682.75 Td (become ) Tj ET Q q 0 0 0 rg BT 311.17 682.75 Td (ef) Tj ET Q q 0 0 0 rg BT 318.51 682.75 Td (fective.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 665.95 Td (IFRS 16 - Leases \(IFRS 16\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 163.04 665.95 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 649.15 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 72.51 649.15 Td (16 ) Tj ET Q q 0 0 0 rg BT 84.53 649.15 Td (introduces ) Tj ET Q q 0 0 0 rg BT 128.06 649.15 Td (a ) Tj ET Q q 0 0 0 rg BT 135.07 649.15 Td (single, ) Tj ET Q q 0 0 0 rg BT 163.09 649.15 Td (on-balance ) Tj ET Q q 0 0 0 rg BT 209.63 649.15 Td (sheet ) Tj ET Q q 0 0 0 rg BT 233.66 649.15 Td (accounting ) Tj ET Q q 0 0 0 rg BT 279.20 649.15 Td (model ) Tj ET Q q 0 0 0 rg BT 305.72 649.15 Td (for ) Tj ET Q q 0 0 0 rg BT 318.23 649.15 Td (lessees. ) Tj ET Q q 0 0 0 rg BT 352.85 649.15 Td (A) Tj ET Q q 0 0 0 rg BT 358.36 649.15 Td ( ) Tj ET Q q 0 0 0 rg BT 360.37 649.15 Td (lessee ) Tj ET Q q 0 0 0 rg BT 388.39 649.15 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 433.92 649.15 Td (a ) Tj ET Q q 0 0 0 rg BT 440.93 649.15 Td (right-of-use ) Tj ET Q q 0 0 0 rg BT 488.46 649.15 Td (asset ) Tj ET Q q 0 0 0 rg BT 511.98 649.15 Td (representing ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 638.35 Td (its ) Tj ET Q q 0 0 0 rg BT 62.07 638.35 Td (right ) Tj ET Q q 0 0 0 rg BT 82.65 638.35 Td (to ) Tj ET Q q 0 0 0 rg BT 93.23 638.35 Td (use ) Tj ET Q q 0 0 0 rg BT 110.81 638.35 Td (the ) Tj ET Q q 0 0 0 rg BT 126.39 638.35 Td (underlying ) Tj ET Q q 0 0 0 rg BT 170.99 638.35 Td (asset ) Tj ET Q q 0 0 0 rg BT 195.58 638.35 Td (and ) Tj ET Q q 0 0 0 rg BT 213.67 638.35 Td (a ) Tj ET Q q 0 0 0 rg BT 221.74 638.35 Td (lease ) Tj ET Q q 0 0 0 rg BT 246.33 638.35 Td (liability ) Tj ET Q q 0 0 0 rg BT 276.41 638.35 Td (representing ) Tj ET Q q 0 0 0 rg BT 329.51 638.35 Td (its ) Tj ET Q q 0 0 0 rg BT 341.59 638.35 Td (obligation ) Tj ET Q q 0 0 0 rg BT 383.19 638.35 Td (to ) Tj ET Q q 0 0 0 rg BT 393.77 638.35 Td (make ) Tj ET Q q 0 0 0 rg BT 418.85 638.35 Td (lease ) Tj ET Q q 0 0 0 rg BT 443.43 638.35 Td (payments. ) Tj ET Q q 0 0 0 rg BT 487.83 638.35 Td (There ) Tj ET Q q 0 0 0 rg BT 514.41 638.35 Td (are ) Tj ET Q q 0 0 0 rg BT 530.49 638.35 Td (optional ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 627.55 Td (exemptions ) Tj ET Q q 0 0 0 rg BT 98.88 627.55 Td (for ) Tj ET Q q 0 0 0 rg BT 112.24 627.55 Td (short-term ) Tj ET Q q 0 0 0 rg BT 156.10 627.55 Td (leases ) Tj ET Q q 0 0 0 rg BT 184.98 627.55 Td (and ) Tj ET Q q 0 0 0 rg BT 202.85 627.55 Td (leases ) Tj ET Q q 0 0 0 rg BT 231.72 627.55 Td (of ) Tj ET Q q 0 0 0 rg BT 242.08 627.55 Td (low ) Tj ET Q q 0 0 0 rg BT 258.45 627.55 Td (value ) Tj ET Q q 0 0 0 rg BT 282.82 627.55 Td (items. ) Tj ET Q q 0 0 0 rg BT 309.68 627.55 Td (Lessor ) Tj ET Q q 0 0 0 rg BT 339.55 627.55 Td (accounting ) Tj ET Q q 0 0 0 rg BT 385.94 627.55 Td (remains ) Tj ET Q q 0 0 0 rg BT 420.80 627.55 Td (similar ) Tj ET Q q 0 0 0 rg BT 449.66 627.55 Td (to ) Tj ET Q q 0 0 0 rg BT 460.02 627.55 Td (the ) Tj ET Q q 0 0 0 rg BT 475.39 627.55 Td (current ) Tj ET Q q 0 0 0 rg BT 506.26 627.55 Td (standard ) Tj ET Q q 0 0 0 rg BT 544.14 627.55 Td (- ) Tj ET Q q 0 0 0 rg BT 549.99 627.55 Td (i.e. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 616.75 Td (lessors ) Tj ET Q q 0 0 0 rg BT 81.49 616.75 Td (continue ) Tj ET Q q 0 0 0 rg BT 118.50 616.75 Td (to ) Tj ET Q q 0 0 0 rg BT 129.00 616.75 Td (classify ) Tj ET Q q 0 0 0 rg BT 161.49 616.75 Td (leases ) Tj ET Q q 0 0 0 rg BT 190.49 616.75 Td (as ) Tj ET Q q 0 0 0 rg BT 202.98 616.75 Td (finance ) Tj ET Q q 0 0 0 rg BT 234.98 616.75 Td (or ) Tj ET Q q 0 0 0 rg BT 245.97 616.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 286.49 616.75 Td (leases. ) Tj ET Q q 0 0 0 rg BT 317.99 616.75 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 341.47 616.75 Td (16 ) Tj ET Q q 0 0 0 rg BT 354.47 616.75 Td (replaces ) Tj ET Q q 0 0 0 rg BT 391.47 616.75 Td (existing ) Tj ET Q q 0 0 0 rg BT 424.98 616.75 Td (leases ) Tj ET Q q 0 0 0 rg BT 453.98 616.75 Td (guidance ) Tj ET Q q 0 0 0 rg BT 493.49 616.75 Td (including ) Tj ET Q q 0 0 0 rg BT 532.00 616.75 Td (IAS ) Tj ET Q q 0 0 0 rg BT 549.50 616.75 Td (17, ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 50.00 605.95 Td (Leases;) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 81.52 605.95 Td ( ) Tj ET Q q 0 0 0 rg BT 84.06 605.95 Td (IFRIC ) Tj ET Q q 0 0 0 rg BT 110.09 605.95 Td (4, ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 120.13 605.95 Td (Determining ) Tj ET Q q 0 0 0 rg BT 171.19 605.95 Td (Whether ) Tj ET Q q 0 0 0 rg BT 207.74 605.95 Td (an ) Tj ET Q q 0 0 0 rg BT 219.95 605.95 Td (Arrangement ) Tj ET Q q 0 0 0 rg BT 274.51 605.95 Td (Contains ) Tj ET Q q 0 0 0 rg BT 312.57 605.95 Td (a ) Tj ET Q q 0 0 0 rg BT 320.11 605.95 Td (Lease) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 344.63 605.95 Td ( ) Tj ET Q q 0 0 0 rg BT 347.17 605.95 Td (\(IFRIC ) Tj ET Q q 0 0 0 rg BT 376.20 605.95 Td (4\); ) Tj ET Q q 0 0 0 rg BT 389.24 605.95 Td (SIC-15, ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 422.28 605.95 Td (Operating ) Tj ET Q q 0 0 0 rg BT 464.34 605.95 Td (Leases ) Tj ET Q q 0 0 0 rg BT 495.90 605.95 Td (- ) Tj ET Q q 0 0 0 rg BT 501.44 605.95 Td (Incentives;) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 544.46 605.95 Td ( ) Tj ET Q q 0 0 0 rg BT 546.99 605.95 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 595.15 Td (SIC-27, ) Tj ET Q q 0 0 0 rg BT 82.67 595.15 Td (Evaluating ) Tj ET Q q 0 0 0 rg BT 126.85 595.15 Td (the ) Tj ET Q q 0 0 0 rg BT 141.52 595.15 Td (Substance ) Tj ET Q q 0 0 0 rg BT 186.21 595.15 Td (of ) Tj ET Q q 0 0 0 rg BT 195.73 595.15 Td (T) Tj ET Q q 0 0 0 rg BT 200.90 595.15 Td (ransactions ) Tj ET Q q 0 0 0 rg BT 249.08 595.15 Td (Involving ) Tj ET Q q 0 0 0 rg BT 286.76 595.15 Td (the ) Tj ET Q q 0 0 0 rg BT 301.43 595.15 Td (legal ) Tj ET Q q 0 0 0 rg BT 322.60 595.15 Td (Form ) Tj ET Q q 0 0 0 rg BT 345.75 595.15 Td (of ) Tj ET Q q 0 0 0 rg BT 355.42 595.15 Td (a ) Tj ET Q q 0 0 0 rg BT 362.58 595.15 Td (Lease. ) Tj ET Q q 0 0 0 rg BT 391.62 595.15 Td (The ) Tj ET Q q 0 0 0 rg BT 409.28 595.15 Td (standard ) Tj ET Q q 0 0 0 rg BT 446.46 595.15 Td (is ) Tj ET Q q 0 0 0 rg BT 455.12 595.15 Td (ef) Tj ET Q q 0 0 0 rg BT 462.46 595.15 Td (fective ) Tj ET Q q 0 0 0 rg BT 490.63 595.15 Td (for ) Tj ET Q q 0 0 0 rg BT 503.29 595.15 Td (annual ) Tj ET Q q 0 0 0 rg BT 532.48 595.15 Td (periods ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 584.35 Td (beginning ) Tj ET Q q 0 0 0 rg BT 91.64 584.35 Td (on ) Tj ET Q q 0 0 0 rg BT 104.26 584.35 Td (or ) Tj ET Q q 0 0 0 rg BT 114.86 584.35 Td (after ) Tj ET Q q 0 0 0 rg BT 135.48 584.35 Td (January ) Tj ET Q q 0 0 0 rg BT 170.10 584.35 Td (1, ) Tj ET Q q 0 0 0 rg BT 180.21 584.35 Td (2019. ) Tj ET Q q 0 0 0 rg BT 205.34 584.35 Td (Obligations ) Tj ET Q q 0 0 0 rg BT 252.97 584.35 Td (under ) Tj ET Q q 0 0 0 rg BT 278.59 584.35 Td (operating ) Tj ET Q q 0 0 0 rg BT 318.72 584.35 Td (leases ) Tj ET Q q 0 0 0 rg BT 347.34 584.35 Td (and ) Tj ET Q q 0 0 0 rg BT 364.96 584.35 Td (related ) Tj ET Q q 0 0 0 rg BT 395.09 584.35 Td (right ) Tj ET Q q 0 0 0 rg BT 415.20 584.35 Td (of ) Tj ET Q q 0 0 0 rg BT 425.31 584.35 Td (use ) Tj ET Q q 0 0 0 rg BT 442.43 584.35 Td (assets ) Tj ET Q q 0 0 0 rg BT 471.04 584.35 Td (will ) Tj ET Q q 0 0 0 rg BT 486.14 584.35 Td (be ) Tj ET Q q 0 0 0 rg BT 498.76 584.35 Td (recorded ) Tj ET Q q 0 0 0 rg BT 536.88 584.35 Td (on ) Tj ET Q q 0 0 0 rg BT 549.50 584.35 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 573.55 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 104.77 573.55 Td (Balance ) Tj ET Q q 0 0 0 rg BT 139.52 573.55 Td (Sheets. ) Tj ET Q q 0 0 0 rg BT 172.12 573.55 Td (T) Tj ET Q q 0 0 0 rg BT 176.62 573.55 Td (o ) Tj ET Q q 0 0 0 rg BT 183.86 573.55 Td (assess ) Tj ET Q q 0 0 0 rg BT 214.10 573.55 Td (the ) Tj ET Q q 0 0 0 rg BT 228.84 573.55 Td (impact ) Tj ET Q q 0 0 0 rg BT 257.58 573.55 Td (of ) Tj ET Q q 0 0 0 rg BT 267.31 573.55 Td (this ) Tj ET Q q 0 0 0 rg BT 283.55 573.55 Td (new ) Tj ET Q q 0 0 0 rg BT 302.29 573.55 Td (standard, ) Tj ET Q q 0 0 0 rg BT 342.04 573.55 Td (the ) Tj ET Q q 0 0 0 rg BT 356.78 573.55 Td (Company ) Tj ET Q q 0 0 0 rg BT 397.53 573.55 Td (has ) Tj ET Q q 0 0 0 rg BT 414.27 573.55 Td (formed ) Tj ET Q q 0 0 0 rg BT 444.51 573.55 Td (an ) Tj ET Q q 0 0 0 rg BT 456.75 573.55 Td (internal ) Tj ET Q q 0 0 0 rg BT 488.50 573.55 Td (working ) Tj ET Q q 0 0 0 rg BT 521.74 573.55 Td (group ) Tj ET Q q 0 0 0 rg BT 546.99 573.55 Td (and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 562.75 Td (continues ) Tj ET Q q 0 0 0 rg BT 91.41 562.75 Td (to ) Tj ET Q q 0 0 0 rg BT 101.80 562.75 Td (progress ) Tj ET Q q 0 0 0 rg BT 139.70 562.75 Td (on ) Tj ET Q q 0 0 0 rg BT 152.59 562.75 Td (its ) Tj ET Q q 0 0 0 rg BT 164.47 562.75 Td (in-depth ) Tj ET Q q 0 0 0 rg BT 199.88 562.75 Td (assessment. ) Tj ET Q q 0 0 0 rg BT 253.28 562.75 Td (In ) Tj ET Q q 0 0 0 rg BT 263.67 562.75 Td (connection ) Tj ET Q q 0 0 0 rg BT 310.09 562.75 Td (with ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 328.97 562.75 Td (Stelco's) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 360.21 562.75 Td ( ) Tj ET Q q 0 0 0 rg BT 363.09 562.75 Td (land ) Tj ET Q q 0 0 0 rg BT 382.99 562.75 Td (and ) Tj ET Q q 0 0 0 rg BT 400.89 562.75 Td (buildings ) Tj ET Q q 0 0 0 rg BT 439.29 562.75 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 484.70 562.75 Td (from ) Tj ET Q q 0 0 0 rg BT 505.59 562.75 Td (Legacy ) Tj ET Q q 0 0 0 rg BT 537.49 562.75 Td (Lands ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 551.95 Td (Limited ) Tj ET Q q 0 0 0 rg BT 81.62 551.95 Td (Partnership ) Tj ET Q q 0 0 0 rg BT 130.25 551.95 Td (\(the ) Tj ET Q q 0 0 0 rg BT 148.37 551.95 Td (Land ) Tj ET Q q 0 0 0 rg BT 171.00 551.95 Td (V) Tj ET Q q 0 0 0 rg BT 176.50 551.95 Td (ehicle\) ) Tj ET Q q 0 0 0 rg BT 205.62 551.95 Td (and ) Tj ET Q q 0 0 0 rg BT 223.25 551.95 Td (concurrent ) Tj ET Q q 0 0 0 rg BT 268.38 551.95 Td (termination ) Tj ET Q q 0 0 0 rg BT 315.51 551.95 Td (of ) Tj ET Q q 0 0 0 rg BT 325.62 551.95 Td (associated ) Tj ET Q q 0 0 0 rg BT 371.26 551.95 Td (lease ) Tj ET Q q 0 0 0 rg BT 395.38 551.95 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 453.52 551.95 Td (discussed ) Tj ET Q q 0 0 0 rg BT 496.15 551.95 Td (further ) Tj ET Q q 0 0 0 rg BT 524.76 551.95 Td (in ) Tj ET Q q 0 0 0 rg BT 534.38 551.95 Td (note ) Tj ET Q q 0 0 0 rg BT 554.50 551.95 Td (5, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 541.15 Td (the ) Tj ET Q q 0 0 0 rg BT 65.01 541.15 Td (Company ) Tj ET Q q 0 0 0 rg BT 106.03 541.15 Td (does ) Tj ET Q q 0 0 0 rg BT 128.05 541.15 Td (not ) Tj ET Q q 0 0 0 rg BT 143.06 541.15 Td (expect ) Tj ET Q q 0 0 0 rg BT 172.08 541.15 Td (a ) Tj ET Q q 0 0 0 rg BT 179.58 541.15 Td (significant ) Tj ET Q q 0 0 0 rg BT 222.10 541.15 Td (impact ) Tj ET Q q 0 0 0 rg BT 251.11 541.15 Td (to ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 261.12 541.15 Td (Stelco's) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 292.35 541.15 Td ( ) Tj ET Q q 0 0 0 rg BT 294.85 541.15 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 349.89 541.15 Td (Financial ) Tj ET Q q 0 0 0 rg BT 388.41 541.15 Td (Statements ) Tj ET Q q 0 0 0 rg BT 436.43 541.15 Td (on ) Tj ET Q q 0 0 0 rg BT 448.94 541.15 Td (adoption ) Tj ET Q q 0 0 0 rg BT 485.97 541.15 Td (of ) Tj ET Q q 0 0 0 rg BT 495.98 541.15 Td (this ) Tj ET Q q 0 0 0 rg BT 512.48 541.15 Td (IFRS.) Tj ET Q BT /F2 9.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 524.35 Td (IFRIC 23 - Uncertainty over Income T) Tj ET Q q 0 0 0 rg BT 206.37 524.35 Td (ax T) Tj ET Q q 0 0 0 rg BT 223.88 524.35 Td (reatments \(IFRIC 23\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 311.40 524.35 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 507.55 Td (In ) Tj ET Q q 0 0 0 rg BT 60.64 507.55 Td (June ) Tj ET Q q 0 0 0 rg BT 83.28 507.55 Td (2017, ) Tj ET Q q 0 0 0 rg BT 108.93 507.55 Td (the ) Tj ET Q q 0 0 0 rg BT 124.57 507.55 Td (IASB ) Tj ET Q q 0 0 0 rg BT 148.21 507.55 Td (issued ) Tj ET Q q 0 0 0 rg BT 177.36 507.55 Td (IFRIC ) Tj ET Q q 0 0 0 rg BT 203.98 507.55 Td (23 ) Tj ET Q q 0 0 0 rg BT 217.12 507.55 Td (to ) Tj ET Q q 0 0 0 rg BT 227.76 507.55 Td (clarify ) Tj ET Q q 0 0 0 rg BT 254.39 507.55 Td (the ) Tj ET Q q 0 0 0 rg BT 270.03 507.55 Td (accounting ) Tj ET Q q 0 0 0 rg BT 316.69 507.55 Td (for ) Tj ET Q q 0 0 0 rg BT 330.32 507.55 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 384.48 507.55 Td (in ) Tj ET Q q 0 0 0 rg BT 394.62 507.55 Td (income ) Tj ET Q q 0 0 0 rg BT 426.76 507.55 Td (taxes. ) Tj ET Q q 0 0 0 rg BT 453.70 507.55 Td (The ) Tj ET Q q 0 0 0 rg BT 472.33 507.55 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 528.00 507.55 Td (provides ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 496.75 Td (guidance ) Tj ET Q q 0 0 0 rg BT 88.17 496.75 Td (and ) Tj ET Q q 0 0 0 rg BT 104.82 496.75 Td (clarifies ) Tj ET Q q 0 0 0 rg BT 136.96 496.75 Td (the ) Tj ET Q q 0 0 0 rg BT 151.10 496.75 Td (application ) Tj ET Q q 0 0 0 rg BT 195.77 496.75 Td (of ) Tj ET Q q 0 0 0 rg BT 204.91 496.75 Td (the ) Tj ET Q q 0 0 0 rg BT 219.05 496.75 Td (recognition ) Tj ET Q q 0 0 0 rg BT 264.71 496.75 Td (and ) Tj ET Q q 0 0 0 rg BT 281.36 496.75 Td (measurement ) Tj ET Q q 0 0 0 rg BT 338.02 496.75 Td (criteria ) Tj ET Q q 0 0 0 rg BT 366.66 496.75 Td (in ) Tj ET Q q 0 0 0 rg BT 375.30 496.75 Td (IAS ) Tj ET Q q 0 0 0 rg BT 391.44 496.75 Td (12, ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 405.58 496.75 Td (Income ) Tj ET Q q 0 0 0 rg BT 436.73 496.75 Td (T) Tj ET Q q 0 0 0 rg BT 441.40 496.75 Td (axes) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 460.41 496.75 Td (, ) Tj ET Q q 0 0 0 rg BT 464.55 496.75 Td (when ) Tj ET Q q 0 0 0 rg BT 487.70 496.75 Td (there ) Tj ET Q q 0 0 0 rg BT 509.84 496.75 Td (is ) Tj ET Q q 0 0 0 rg BT 517.98 496.75 Td (uncertainty ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 485.95 Td (over ) Tj ET Q q 0 0 0 rg BT 69.03 485.95 Td (income ) Tj ET Q q 0 0 0 rg BT 99.57 485.95 Td (tax ) Tj ET Q q 0 0 0 rg BT 113.10 485.95 Td (treatments. ) Tj ET Q q 0 0 0 rg BT 159.54 485.95 Td (The ) Tj ET Q q 0 0 0 rg BT 176.57 485.95 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 230.63 485.95 Td (is ) Tj ET Q q 0 0 0 rg BT 238.65 485.95 Td (ef) Tj ET Q q 0 0 0 rg BT 246.00 485.95 Td (fective ) Tj ET Q q 0 0 0 rg BT 273.53 485.95 Td (for ) Tj ET Q q 0 0 0 rg BT 285.56 485.95 Td (annual ) Tj ET Q q 0 0 0 rg BT 314.11 485.95 Td (periods ) Tj ET Q q 0 0 0 rg BT 345.15 485.95 Td (beginning ) Tj ET Q q 0 0 0 rg BT 385.71 485.95 Td (on ) Tj ET Q q 0 0 0 rg BT 397.25 485.95 Td (or ) Tj ET Q q 0 0 0 rg BT 406.77 485.95 Td (after ) Tj ET Q q 0 0 0 rg BT 426.30 485.95 Td (January ) Tj ET Q q 0 0 0 rg BT 459.85 485.95 Td (1, ) Tj ET Q q 0 0 0 rg BT 468.88 485.95 Td (2019, ) Tj ET Q q 0 0 0 rg BT 492.92 485.95 Td (and ) Tj ET Q q 0 0 0 rg BT 509.46 485.95 Td (the ) Tj ET Q q 0 0 0 rg BT 523.50 485.95 Td (Company ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 475.15 Td (is ) Tj ET Q q 0 0 0 rg BT 59.00 475.15 Td (currently ) Tj ET Q q 0 0 0 rg BT 96.01 475.15 Td (assessing ) Tj ET Q q 0 0 0 rg BT 138.53 475.15 Td (the ) Tj ET Q q 0 0 0 rg BT 153.54 475.15 Td (impact ) Tj ET Q q 0 0 0 rg BT 182.55 475.15 Td (of ) Tj ET Q q 0 0 0 rg BT 192.56 475.15 Td (IFRIC ) Tj ET Q q 0 0 0 rg BT 218.56 475.15 Td (23 ) Tj ET Q q 0 0 0 rg BT 231.07 475.15 Td (on ) Tj ET Q q 0 0 0 rg BT 243.58 475.15 Td (its ) Tj ET Q q 0 0 0 rg BT 255.08 475.15 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 310.12 475.15 Td (Financial ) Tj ET Q q 0 0 0 rg BT 348.63 475.15 Td (Statements. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 399.16 475.15 Td ( ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 455.95 Td (Internal ) Tj ET Q q 0 0 0 rg BT 92.79 455.95 Td (Control ) Tj ET Q q 0 0 0 rg BT 134.94 455.95 Td (over ) Tj ET Q q 0 0 0 rg BT 161.24 455.95 Td (Financial ) Tj ET Q q 0 0 0 rg BT 211.97 455.95 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 266.97 455.95 Td (and ) Tj ET Q q 0 0 0 rg BT 289.58 455.95 Td (Disclosure ) Tj ET Q q 0 0 0 rg BT 348.88 455.95 Td (Controls ) Tj ET Q q 0 0 0 rg BT 397.16 455.95 Td (and ) Tj ET Q q 0 0 0 rg BT 419.77 455.95 Td (Procedures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.29 455.95 Td ( ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 439.15 Td (At ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 61.39 439.15 Td (September ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.29 439.15 Td (30, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 123.69 439.15 Td (2018, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 149.09 439.15 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.49 439.15 Td (Chief ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.38 439.15 Td (Executive ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.28 439.15 Td (Of) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 239.62 439.15 Td (ficer ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 259.50 439.15 Td (\(CEO\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.88 439.15 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.78 439.15 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 321.18 439.15 Td (Chief ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.07 439.15 Td (Financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 383.97 439.15 Td (Of) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 393.31 439.15 Td (ficer ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 413.19 439.15 Td (\(CFO\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.07 439.15 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.46 439.15 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 466.85 439.15 Td (Company) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.70 439.15 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.09 439.15 Td (together ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 545.99 439.15 Td (with ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 428.35 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.42 428.35 Td (assistance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.86 428.35 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 121.28 428.35 Td (senior ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.70 428.35 Td (management, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 206.65 428.35 Td (have ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 229.08 428.35 Td (designed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.52 428.35 Td (disclosure ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 311.95 428.35 Td (controls ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.38 428.35 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 364.31 428.35 Td (procedures ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.25 428.35 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.67 428.35 Td (provide ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 455.10 428.35 Td (reasonable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.55 428.35 Td (assurance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 546.98 428.35 Td (that ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 417.55 Td (material ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.72 417.55 Td (information ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 131.95 417.55 Td (relating ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 164.18 417.55 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 174.40 417.55 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 189.63 417.55 Td (Company ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 230.86 417.55 Td (is ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 240.07 417.55 Td (made ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.29 417.55 Td (known ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 294.02 417.55 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 304.24 417.55 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 319.46 417.55 Td (CEO ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.68 417.55 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 359.40 417.55 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 374.63 417.55 Td (CFO, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 398.84 417.55 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 416.56 417.55 Td (have ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.79 417.55 Td (designed ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 478.04 417.55 Td (internal ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 510.27 417.55 Td (controls ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 544.49 417.55 Td (over ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 406.75 Td (financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 84.91 406.75 Td (reporting ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.32 406.75 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 139.22 406.75 Td (disclosure ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 181.63 406.75 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 191.02 406.75 Td (provide ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.43 406.75 Td (reasonable ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.85 406.75 Td (assurance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.26 406.75 Td (regarding ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 352.17 406.75 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 366.57 406.75 Td (reliability ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.47 406.75 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 412.86 406.75 Td (financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.77 406.75 Td (reporting ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 485.18 406.75 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 502.08 406.75 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.48 406.75 Td (preparation ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 395.95 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 60.01 395.95 Td (financial ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 95.53 395.95 Td (statements ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 142.05 395.95 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 151.55 395.95 Td (accordance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.58 395.95 Td (with ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 219.09 395.95 Td (IFRS.) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.09 395.95 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 379.15 Td (The ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.30 379.15 Td (CEO ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.59 379.15 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 105.40 379.15 Td (CFO ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.19 379.15 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.99 379.15 Td (assisted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.79 379.15 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.59 379.15 Td (this ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 200.39 379.15 Td (responsibility ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 254.20 379.15 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 265.50 379.15 Td (senior ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 291.80 379.15 Td (management ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 346.12 379.15 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.42 379.15 Td (Stelco. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.73 379.15 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 386.52 379.15 Td (Stelco's ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 419.54 379.15 Td (senior ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 445.84 379.15 Td (management ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 500.17 379.15 Td (has ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 516.47 379.15 Td (established ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 368.35 Td (procedures ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.21 368.35 Td (so ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 108.89 368.35 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.08 368.35 Td (it ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 132.76 368.35 Td (becomes ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.46 368.35 Td (aware ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 198.15 368.35 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.83 368.35 Td (any ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.52 368.35 Td (material ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.71 368.35 Td (information ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.41 368.35 Td (af) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 312.76 368.35 Td (fecting ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 341.45 368.35 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 356.14 368.35 Td (Company ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 396.84 368.35 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 406.02 368.35 Td (order ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 429.21 368.35 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 438.90 368.35 Td (evaluate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 475.11 368.35 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 492.30 368.35 Td (communicate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 548.00 368.35 Td (this ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 357.55 Td (information ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 97.02 357.55 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 107.03 357.55 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 122.04 357.55 Td (CEO ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 144.04 357.55 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.56 357.55 Td (CFO, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.56 357.55 Td (as ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 197.56 357.55 Td (appropriate ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.60 357.55 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 263.11 357.55 Td (determine ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 305.63 357.55 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 320.65 357.55 Td (appropriateness ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 387.69 357.55 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 405.21 357.55 Td (timing ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 431.71 357.55 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 441.72 357.55 Td (any ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 458.73 357.55 Td (required ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 494.25 357.55 Td (disclosure.) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 537.27 357.55 Td ( ) Tj ET Q BT /F5 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 340.75 Td (ERP) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 68.17 340.75 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 70.67 340.75 Td (implementation) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 323.95 Td (On ) Tj ET Q q 0 0 0 rg BT 65.19 323.95 Td (October ) Tj ET Q q 0 0 0 rg BT 100.39 323.95 Td (2, ) Tj ET Q q 0 0 0 rg BT 111.08 323.95 Td (2018, ) Tj ET Q q 0 0 0 rg BT 136.78 323.95 Td (Stelco ) Tj ET Q q 0 0 0 rg BT 164.98 323.95 Td (completed ) Tj ET Q q 0 0 0 rg BT 209.69 323.95 Td (the ) Tj ET Q q 0 0 0 rg BT 225.39 323.95 Td (initial ) Tj ET Q q 0 0 0 rg BT 249.08 323.95 Td (phase ) Tj ET Q q 0 0 0 rg BT 276.78 323.95 Td (of ) Tj ET Q q 0 0 0 rg BT 287.47 323.95 Td (the ) Tj ET Q q 0 0 0 rg BT 303.17 323.95 Td (conversion ) Tj ET Q q 0 0 0 rg BT 349.88 323.95 Td (to ) Tj ET Q q 0 0 0 rg BT 360.57 323.95 Td (a ) Tj ET Q q 0 0 0 rg BT 368.76 323.95 Td (new ) Tj ET Q q 0 0 0 rg BT 388.45 323.95 Td (ERP) Tj ET Q q 0 0 0 rg BT 406.79 323.95 Td ( ) Tj ET Q q 0 0 0 rg BT 409.98 323.95 Td (system ) Tj ET Q q 0 0 0 rg BT 441.66 323.95 Td (and ) Tj ET Q q 0 0 0 rg BT 459.86 323.95 Td (does ) Tj ET Q q 0 0 0 rg BT 482.56 323.95 Td (not ) Tj ET Q q 0 0 0 rg BT 498.26 323.95 Td (expect ) Tj ET Q q 0 0 0 rg BT 527.96 323.95 Td (the ) Tj ET Q q 0 0 0 rg BT 543.66 323.95 Td (ERP) Tj ET Q q 0 0 0 rg BT 562.00 323.95 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 313.15 Td (conversion ) Tj ET Q q 0 0 0 rg BT 95.77 313.15 Td (to ) Tj ET Q q 0 0 0 rg BT 105.53 313.15 Td (result ) Tj ET Q q 0 0 0 rg BT 129.78 313.15 Td (in ) Tj ET Q q 0 0 0 rg BT 139.04 313.15 Td (any ) Tj ET Q q 0 0 0 rg BT 155.80 313.15 Td (significant ) Tj ET Q q 0 0 0 rg BT 198.07 313.15 Td (changes ) Tj ET Q q 0 0 0 rg BT 234.34 313.15 Td (in ) Tj ET Q q 0 0 0 rg BT 243.60 313.15 Td (internal ) Tj ET Q q 0 0 0 rg BT 275.36 313.15 Td (controls ) Tj ET Q q 0 0 0 rg BT 309.13 313.15 Td (over ) Tj ET Q q 0 0 0 rg BT 328.88 313.15 Td (financial ) Tj ET Q q 0 0 0 rg BT 364.15 313.15 Td (reporting ) Tj ET Q q 0 0 0 rg BT 401.92 313.15 Td (or ) Tj ET Q q 0 0 0 rg BT 412.17 313.15 Td (the ) Tj ET Q q 0 0 0 rg BT 426.94 313.15 Td (overall ) Tj ET Q q 0 0 0 rg BT 455.70 313.15 Td (control ) Tj ET Q q 0 0 0 rg BT 484.96 313.15 Td (environment ) Tj ET Q q 0 0 0 rg BT 536.73 313.15 Td (for ) Tj ET Q q 0 0 0 rg BT 549.49 313.15 Td (the ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 302.35 Td (remainder ) Tj ET Q q 0 0 0 rg BT 93.02 302.35 Td (of ) Tj ET Q q 0 0 0 rg BT 103.02 302.35 Td (2018. ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 285.55 Td (Management ) Tj ET Q q 0 0 0 rg BT 104.75 285.55 Td (employed ) Tj ET Q q 0 0 0 rg BT 145.99 285.55 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 193.74 285.55 Td (procedures ) Tj ET Q q 0 0 0 rg BT 240.99 285.55 Td (to ) Tj ET Q q 0 0 0 rg BT 250.71 285.55 Td (ensure ) Tj ET Q q 0 0 0 rg BT 280.45 285.55 Td (internal ) Tj ET Q q 0 0 0 rg BT 312.18 285.55 Td (controls ) Tj ET Q q 0 0 0 rg BT 345.92 285.55 Td (were ) Tj ET Q q 0 0 0 rg BT 367.64 285.55 Td (in ) Tj ET Q q 0 0 0 rg BT 376.86 285.55 Td (place ) Tj ET Q q 0 0 0 rg BT 400.60 285.55 Td (during ) Tj ET Q q 0 0 0 rg BT 427.83 285.55 Td (and ) Tj ET Q q 0 0 0 rg BT 445.07 285.55 Td (after ) Tj ET Q q 0 0 0 rg BT 465.30 285.55 Td (the ) Tj ET Q q 0 0 0 rg BT 480.03 285.55 Td (conversion. ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 528.27 285.55 Td (It ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 535.49 285.55 Td (should ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 274.75 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 62.23 274.75 Td (noted ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 86.97 274.75 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 104.21 274.75 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 111.43 274.75 Td (control ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 140.67 274.75 Td (system, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 173.89 274.75 Td (no ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 186.12 274.75 Td (matter ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 213.85 274.75 Td (how ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 232.58 274.75 Td (well ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 250.30 274.75 Td (conceived ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 293.05 274.75 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 310.29 274.75 Td (operated, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 350.54 274.75 Td (can ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.27 274.75 Td (provide ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 399.01 274.75 Td (only ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.74 274.75 Td (reasonable, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 467.00 274.75 Td (not ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 481.73 274.75 Td (absolute, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 520.48 274.75 Td (assurance ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 263.95 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 67.24 263.95 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.98 263.95 Td (objectives ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.23 263.95 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.96 263.95 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 148.70 263.95 Td (control ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 177.94 263.95 Td (system ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 208.67 263.95 Td (are ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 223.90 263.95 Td (met. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 243.63 263.95 Td (Given ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 269.37 263.95 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 284.11 263.95 Td (inherent ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.86 263.95 Td (limitations ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.10 263.95 Td (in ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 370.33 263.95 Td (all ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 381.56 263.95 Td (control ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 410.80 263.95 Td (systems, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 448.53 263.95 Td (no ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.77 263.95 Td (evaluation ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 504.03 263.95 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.76 263.95 Td (controls ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 547.50 263.95 Td (can ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 253.15 Td (provide ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 81.13 253.15 Td (absolute ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 116.77 253.15 Td (assurance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 159.90 253.15 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 176.52 253.15 Td (all ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 187.14 253.15 Td (control ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 215.76 253.15 Td (issues, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 245.38 253.15 Td (including ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 282.52 253.15 Td (instances ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 322.15 253.15 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 331.27 253.15 Td (fraud, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 355.89 253.15 Td (if ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 362.00 253.15 Td (any) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 375.84 253.15 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 379.95 253.15 Td (have ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.08 253.15 Td (been ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 422.71 253.15 Td (detected. ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 461.25 253.15 Td (These ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 487.87 253.15 Td (inherent ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 522.00 253.15 Td (limitations ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 242.35 Td (include, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 83.02 242.35 Td (among ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.53 242.35 Td (other ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 135.04 242.35 Td (items: ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 161.04 242.35 Td (\(i\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 171.03 242.35 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 188.03 242.35 Td (management) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.40 242.35 Td (s ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 248.90 242.35 Td (assumptions ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 301.42 242.35 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 318.43 242.35 Td (judgments ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.95 242.35 Td (could ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 385.46 242.35 Td (ultimately ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 425.46 242.35 Td (prove ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.97 242.35 Td (to ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.47 242.35 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 471.48 242.35 Td (incorrect ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 507.98 242.35 Td (under ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 533.00 242.35 Td (varying ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 231.55 Td (conditions ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 92.85 231.55 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 110.18 231.55 Td (circumstances; ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 172.52 231.55 Td (\(ii\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 184.83 231.55 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 199.66 231.55 Td (impact ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 228.49 231.55 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 238.32 231.55 Td (any ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 255.15 231.55 Td (undetected ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.00 231.55 Td (errors; ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 330.33 231.55 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 347.66 231.55 Td (\(iii\) ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 361.98 231.55 Td (controls ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 395.81 231.55 Td (may ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 415.13 231.55 Td (be ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 427.46 231.55 Td (circumvented ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 483.30 231.55 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 495.13 231.55 Td (the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 509.96 231.55 Td (unauthorized ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 220.75 Td (acts ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 69.01 220.75 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 79.01 220.75 Td (individuals, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 126.04 220.75 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 138.04 220.75 Td (collusion ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 175.56 220.75 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 185.57 220.75 Td (two ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 202.08 220.75 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 212.58 220.75 Td (more ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 235.59 220.75 Td (people, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 267.61 220.75 Td (or ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 278.12 220.75 Td (by ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.12 220.75 Td (management ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 345.15 220.75 Td (override.) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 380.17 220.75 Td ( ) Tj ET Q BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 201.55 Td (Risk and Uncertainties) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 168.59 201.55 Td ( ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 50.00 184.75 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 58.33 184.75 Td (e ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 65.76 184.75 Td (believe ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 96.70 184.75 Td (our ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 112.13 184.75 Td (performance ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 165.07 184.75 Td (and ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 182.51 184.75 Td (future ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 207.94 184.75 Td (success ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 242.87 184.75 Td (depend ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 275.32 184.75 Td (on ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 287.75 184.75 Td (a ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 295.18 184.75 Td (number ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 328.11 184.75 Td (of ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 338.04 184.75 Td (factors ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 367.47 184.75 Td (that ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 384.90 184.75 Td (present ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.34 184.75 Td (significant ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 459.78 184.75 Td (opportunities ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 513.73 184.75 Td (for ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 526.66 184.75 Td (us.) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 538.66 184.75 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 541.08 184.75 Td (For ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 557.00 184.75 Td (a ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 50.00 173.95 Td (discussion ) Tj ET Q q 0 0 0 rg BT 95.11 173.95 Td (of ) Tj ET Q q 0 0 0 rg BT 105.71 173.95 Td (risk ) Tj ET Q q 0 0 0 rg BT 122.80 173.95 Td (factors ) Tj ET Q q 0 0 0 rg BT 152.90 173.95 Td (that ) Tj ET Q q 0 0 0 rg BT 171.01 173.95 Td (have ) Tj ET Q q 0 0 0 rg BT 193.62 173.95 Td (been ) Tj ET Q q 0 0 0 rg BT 216.73 173.95 Td (identified ) Tj ET Q q 0 0 0 rg BT 255.85 173.95 Td (by ) Tj ET Q q 0 0 0 rg BT 268.45 173.95 Td (Stelco ) Tj ET Q q 0 0 0 rg BT 296.55 173.95 Td (refer ) Tj ET Q q 0 0 0 rg BT 318.15 173.95 Td (to ) Tj ET Q q 0 0 0 rg BT 328.75 173.95 Td (the ) Tj ET Q q 0 0 0 rg BT 344.35 173.95 Td (2017 ) Tj ET Q q 0 0 0 rg BT 366.85 173.95 Td (AIF ) Tj ET Q q 0 0 0 rg BT 383.95 173.95 Td (and ) Tj ET Q q 0 0 0 rg BT 402.06 173.95 Td (2017 ) Tj ET Q q 0 0 0 rg BT 424.56 173.95 Td (Annual ) Tj ET Q q 0 0 0 rg BT 455.67 173.95 Td (MD&A) Tj ET Q q 0 0 0 rg BT 481.18 173.95 Td ( ) Tj ET Q q 0 0 0 rg BT 484.27 173.95 Td (which ) Tj ET Q q 0 0 0 rg BT 510.38 173.95 Td (are ) Tj ET Q q 0 0 0 rg BT 526.48 173.95 Td (available ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 163.15 Td (through ) Tj ET Q q 0 0 0 rg BT 83.02 163.15 Td (the ) Tj ET Q q 0 0 0 rg BT 98.04 163.15 Td (SEDAR ) Tj ET Q q 0 0 0 rg BT 131.54 163.15 Td (website ) Tj ET Q q 0 0 0 rg BT 164.56 163.15 Td (at ) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 174.5673828125 161.86679687499998 m 237.58935546875 161.86679687499998 l s q 0 0 1 rg BT 174.57 163.15 Td (www) Tj ET Q q 0 0 1 rg BT 193.57 163.15 Td (.sedar) Tj ET Q q 0 0 1 rg BT 218.09 163.15 Td (.com) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 237.59 163.15 Td (.) Tj ET Q endstream endobj 51 0 obj <> endobj 52 0 obj <> stream BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 771.50 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 214.60 771.50 Td (AND ) Tj ET Q q 0 0 0 rg BT 241.08 771.50 Td (ANAL) Tj ET Q q 0 0 0 rg BT 270.62 771.50 Td (YSIS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.40 24.25 Td (24) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 748.75 Td (Corporate Information - Stelco Holdings Inc.) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 52.00 729.20 Td (Executive Management) Tj ET Q BT /F3 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 52.00 711.20 Td (Alan Kestenbaum) Tj ET Q BT /F3 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 119.57 711.20 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.00 711.20 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 52.00 702.20 Td (Chief Executive Of) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.11 702.20 Td (ficer) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 133.22 702.20 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.00 702.20 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 52.00 693.20 Td ( ) Tj ET Q BT /F3 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 52.00 684.93 Td (Don Newman ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.00 684.93 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.00 684.93 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 196.00 684.93 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 52.00 676.20 Td (Chief Financial Of) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 115.44 676.20 Td (ficer) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 130.55 676.20 Td ( ) Tj ET Q BT /F2 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 52.00 667.20 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 88.00 667.20 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 124.00 667.20 Td ( ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 160.00 667.20 Td ( ) Tj ET Q BT /F3 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 52.00 658.93 Td (Sujit Sanyal) Tj ET Q BT /F2 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 52.00 650.93 Td (Chief Operating Of) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 118.55 650.93 Td (ficer) Tj ET Q BT /F3 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 52.00 633.93 Td (David Cheney) Tj ET Q BT /F2 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 52.00 625.93 Td (Executive V) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 94.10 625.93 Td (ice-President) Tj ET Q BT /F3 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 52.00 608.93 Td (Paul Simon) Tj ET Q BT /F2 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 52.00 600.93 Td (General Counsel & Corporate Secretary) Tj ET Q BT /F3 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.00 729.20 Td (Board of Directors) Tj ET Q BT /F3 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.00 711.93 Td (Alan Kestenbaum) Tj ET Q BT /F2 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.00 703.93 Td (Executive Chairman and) Tj ET Q BT /F2 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.00 695.93 Td (Chief Executive Of) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 288.11 695.93 Td (ficer for Stelco Holdings Inc.) Tj ET Q BT /F3 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.00 678.93 Td (Michael W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 260.68 678.93 Td (. Dees ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 286.47 682.74 Td (4,6) Tj ET Q BT /F2 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.00 670.93 Td (Partner) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.79 670.93 Td (, Lindsay Goldberg) Tj ET Q BT /F3 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.00 653.93 Td (Jeffrey B. Bunder ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 290.91 657.74 Td (2) Tj ET Q BT /F2 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.00 645.93 Td (Partner and Chief Financial Of) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 329.46 645.93 Td (ficer) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 344.14 645.93 Td (, Lindsay ) Tj ET Q BT /F2 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.00 637.93 Td (Goldberg) Tj ET Q BT /F3 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.00 620.93 Td (Alan Goldberg) Tj ET Q BT /F2 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.00 612.93 Td (Co-Founder and Chief Executive Of) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 348.59 612.93 Td (ficer) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 363.26 612.93 Td (, ) Tj ET Q BT /F2 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.00 604.93 Td (Lindsay Goldberg) Tj ET Q BT /F3 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.00 588.93 Td (Brian Levitt ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 268.23 592.74 Td (2,3,6) Tj ET Q BT /F2 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.00 580.93 Td (Chairman of the Board of Directors of the ) Tj ET Q BT /F2 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.00 572.93 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 226.00 572.93 Td (oronto-Dominion Bank) Tj ET Q BT /F3 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.00 556.93 Td (Peter Bowie ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 270.02 560.74 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.00 548.93 Td (Corporate Director ) Tj ET Q BT /F3 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.00 532.93 Td (Jacob Lew) Tj ET Q BT /F2 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.00 524.93 Td (Partner) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 247.79 524.93 Td (, Lindsay Goldberg) Tj ET Q BT /F3 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.00 508.93 Td (Indira Samarasekera ) Tj ET Q BT /F3 8.00 Tf ET BT /F3 5.20 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 302.50 512.74 Td (5) Tj ET Q BT /F2 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.00 500.93 Td (Corporate Director) Tj ET Q BT /F2 6.00 Tf ET BT /F2 3.90 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 222.00 483.24 Td (1) Tj ET Q BT /F2 6.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 224.17 480.38 Td ( Chair of the ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 258.19 480.38 Td (Audit Committee.) 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Tj ET Q BT /F2 7.50 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.00 654.79 Td (100 University ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 446.19 654.79 Td (A) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 451.06 654.79 Td (venue, 8th Floor) Tj ET Q BT /F2 7.50 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.00 647.29 Td (North ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.29 647.29 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 421.04 647.29 Td (ower) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 436.88 647.29 Td (, ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 440.91 647.29 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 444.66 647.29 Td (oronto, Ontario M5J 2Y1) Tj ET Q BT /F2 7.50 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.00 639.79 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 400.75 639.79 Td (elephone: 1 \(800\) 564-6253 or ) Tj ET Q BT /F2 7.50 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.00 632.29 Td (\(416\) 263-9200) Tj ET Q BT /F2 7.50 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.00 624.79 Td (Fax: 1 \(888\) 453-0330) Tj ET Q BT /F2 7.50 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.00 617.29 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 403.94 617.29 Td (ebsite: www) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.96 617.29 Td (.computershare.com) Tj ET Q BT /F2 7.50 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.00 609.79 Td (Email: service@computershare.com) Tj ET Q BT /F3 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.00 592.20 Td (Stock Exchange Listing) Tj ET Q BT /F3 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.00 583.93 Td (The T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 417.74 583.93 Td (oronto Stock Exchange) Tj ET Q BT /F2 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.00 575.93 Td (Stelco Holdings Inc. trading symbol: STLC) Tj ET Q BT /F3 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.00 558.20 Td (Shareholder Information) Tj ET Q BT /F2 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.00 549.93 Td (Stelco Holdings Inc.) Tj ET Q BT /F2 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.00 541.93 Td (386 Wilcox ) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 437.91 541.93 Td (A) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 443.10 541.93 Td (venue, ) Tj ET Q BT /F2 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.00 533.93 Td (Hamilton, Ontario ) Tj ET Q BT /F2 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.00 525.93 Td (L8N 3T1) Tj ET Q BT /F2 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.00 517.93 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.00 517.93 Td (elephone: \(905\) 528-251) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 488.03 517.93 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.00 509.93 Td (Fax: \(905\) 308-7002) Tj ET Q BT /F2 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.00 501.93 Td (W) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 404.41 501.93 Td (ebsite: www) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 447.09 501.93 Td (.stelco.com) Tj ET Q BT /F2 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.00 493.93 Td (Email: investor) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 449.02 493.93 Td (.relations@stelco.com) Tj ET Q BT /F3 9.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.00 477.20 Td (Shareholder and Investor Contact) Tj ET Q BT /F3 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.00 468.93 Td (Don Newman) Tj ET Q BT /F2 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.00 460.93 Td (Chief Financial Of) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 460.44 460.93 Td (ficer ) Tj ET Q BT /F2 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.00 452.93 Td (T) Tj ET Q q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 401.00 452.93 Td (elephone: \(905\) 577-4432) Tj ET Q BT /F2 8.00 Tf ET q 0.13725490196078433 0.12156862745098039 0.12549019607843137 rg BT 397.00 444.93 Td (Email: don.newman@stelco.com) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 53 0 obj <> /View <>>>>> endobj 54 0 obj <> /View <>>>>> endobj 55 0 obj <> endobj 56 0 obj <> stream xy\E7~n{{w'd'52 HaGPPA!"" b-&h,+TLy?:uk?uΩoH""?W~.Xv3&rm 2\jMgwm'CڴzlycǏ\ rBjx\DsV@{twocmC{Iwl11z:1m!t-\q3D.:yz'Wɨp[_F=>E"ǢӦ/|K&_~=!wn-az3¦h$7,ؑ2Oo_eSFLlk}Fg[F>|;