Michael Garcia: Sure. I’ll start, Lucas. So we’ve completed the preparation of the repair plan using it out, both outside engineering and internal resources. So we expect the total repair costs to be in the $20 million to $30 million range and should be complete sometime in the April time period in terms of costs. Beyond that, our aim is to do a complete recovery back to full production of the coke batteries. Thankfully during the incident of none of the three batteries suffered any thermal integrity degradation, we were able to protect the thermal integrity of all of all three batteries. So once the repair is executed, our goal is to get back to pre-incident of coke production levels.
Lucas Pipes: Got it. At any longer term costs that might be associated with this?
Rajat Marwah: I think it’s a it’s too early to say, but we the way the way we have looked at it right now and the end the world that we are doing in batteries as such are okay, the walls are okay. So we don’t expect much to — much degradation there which is — which is the key from long-term cost perspective. As far as the corridor is concerned the piping, that’s the cost that we have assessed which is $20 million to $30 million. So at high-level I don’t — we don’t think that there will be additional costs, but we’ll know more as we restart the furnace to full production. And just some added color during that period, we’ll probably be running at 30% to 40% of our production and using external coke during this quarter. So and come next quarter we should get down to our full production levels.
Lucas Pipes: Very helpful. Thank you. And I’ll turn to a kind of high-level topic, on M&A. I saw a very active process in the US with US Steel. And kind of I’m wondering, how you look at the M&A landscape at this –at this time? Is there something that you think strategically could it — could possibly benefit Algoma? Or how do you expect the landscape to kind of evolve, maybe more within Canada, would appreciate your thought. Thank you.
Michael Garcia: Hi Lucas. While I’m sure will evolve, it’s our policy not to — not to speculate or comment on how we may be thinking around specific M&A opportunities. But I appreciate the question.
Lucas Pipes: Anything that would come strategically maybe be the uniquely beneficial to Algoma? Or is it really just focuses on the EAF from your side?
Michael Garcia: Yeah. I mean, obviously, our short-term strategic path is clear. We believe that EAF brings a tremendous strategic value two to Algoma. We’re laser focused on and executing that we’re on-time, on-budget. And we very much look forward to commissioning at the end of this year, beginning commissioning.
Lucas Pipes: All right. Well I appreciate that. Thank you very much.
Michael Garcia: Thank you, Lucas.
Operator: Thank you. There are no further questions at this time. I’d like to hand the floor back over to Mike Moraca, for any closing comments.
Mike Moraca: Well, thank you very much again for your participation in our third quarter fiscal 2024 earnings conference call and your continued interest in Algoma Steel. We look forward to updating you our results and progress, when we report our fiscal fourth quarter results. It’s scheduled for June. Thank you.
Operator: This concludes today’s conference. You may disconnect your lines at this time. Thank you for your participation.
