Genuino Christino: Yeah, yeah, sure. Well, as you know we have guided for plant two consumption to be up by about 2% to 3% and we are guiding for 5%, so that implies that we expect to do €“ to be doing a little bit better than the appearance to consumption overall. And some of the reasons, you mentioned.one of them, South Africa. South Africa had a number of operational issues in 2022, not all of them under control of our unit. As you know, the country is facing significant challenges in terms of energy availability and rate availability. So we hope that the country and us will be the providers and we’re going to be making some progress, and our expectation is to see an improvement over there. So and then in the other regions we do expect to be following the apparent steel consumption guidance that we are providing.
We do expect to do better in some of the regions. In Brazil, a little bit better. We also expect to do a little bit better in Africa. So that’s why we are taking a target to 5% instead of the 2% to 3%.
Max Kogge: Okay, thank you. And the second question is on your Carb initiatives, . So you got a green light in Canada recently, but the projects in Europe are still somewhat standing. So could you give us a sense of the timeline of timing there, when you can get a final go ahead in Europe and potentially launch those projects.
Aditya Mittal: Yeah, sure, thank you. So you’re right. In Canada we have received the government support for our decarbon initiatives at the Dofasco facility. In Europe, we’re still waiting. We have four applications or four major projects that are sitting with the European Union, that’s been a while. But for them to grant us the approval, but from what we understand, the approval should be granted shortly. When I mean shortly, in the next few months.
Max Kogge: Okay, that’s good news. And we will take a decision for the four initiatives combined or will it be an individual decision for each of them.
Aditya Mittal: It’s a very good question. For what we understand, it’s an individual decision making process. Maybe two out of the four will be done first, and then the other two later on.
Max Kogge: Okay, that’s helpful. Thank you.
Daniel Fairclough: Thanks, Max. We will now move to the next question from Phil at KeyBanc. Go ahead Phil.
Philip Gibbs: Hey! Thanks very much. Question on the NAFTA segment. How is the ramp of the Mexican hot strip mill. Maybe you can give us capacity utilization of what’s the progression there and an update on your plans of support, Calvert with a look at EAF.
Genuino Christino: Yeah Phil. So I’ll take this one. So we have €“ we are quite pleased with the evolution of the hot strip mill in New Mexico. So we have end of the year with run rate of about 50% of the capacity. So we had a record in December. So the team is quite excited about the progress over there. So it’s about 50% and that’s our run rate today. We will continue to ramp up the hot strip mill. The focus here has also moved a little bit now, to more towards also product development and motivation with customers so that we can enlarge the customer base. So I think it’s progressing well, and we have actually in our release provided the contribution of the hot strip mill. So we are already at a run rate of about a $100 million of additional EBITDA, which is in line with what we had anticipated before.
