Mark Millett: Well, I wish it was all absolute strategic, but some of it is just luck or bad luck, John. But firstly, the satellite mills will or slab plants will be pretty well focused on UBC. And so the Columbus mill itself will have to produce the 5,000, 6,000 automotive stuff and some of the industrial stuff. So the Columbus mill shop, at least one or two of the furnaces will come up reasonably early. We’re focused on SLP or the Mexican facility, to be honest, because that one, the property was purchased first. Everything went incredibly well. The permitting went incredibly well. And it just is in line. Our property in Arizona, to be honest, had some initial permitting, I would say, slowdown. I mean it’s just a bureaucracy delayed that facility by several months.
John Tumazos: So it’s fair to be lucky than smart?
Mark Millett: I’ve been — I won’t tell you the language my dad used some time ago, but they call me a lucky critter, let’s just put it that way. And I’ve been lucky all my life, and you need luck in life. So — and the biggest luck I have is being surrounded by a phenomenal team, to be honest, so.
Operator: Thank you. That concludes our question-and-answer session. I’d like to turn the call back over to Mr. Millett for any closing remarks.
Mark Millett: Super. Thank you, Matthew, and thank you for those that remain on the call and even greater thanks for those that support us in our shareholders. For us, hopefully, we’ve articulated that we have a very, very constructive near-term on the markets, the start-up at Sinton and other sort of growth opportunities, the four lines. I think what makes us even more excited, to be honest, is just our long-term competitive position. We are the one of the most efficient lowest-cost producers in the world. We have a very balanced I think, product portfolio and a very balanced kind of circular manufacturing profile. So we’ve got a lot of pull-through volume from our downstream from fabrication and from our conversion plants.
So — and that amounts to about 2 million tons a year today. So the pull-through volume is very, very strong. It allows us for that the highest and more uniform cash generation through cycle. I think Barry said, we were at 87% utilization, when the industry is at 77%. And that’s been a historical norm for us. And I believe the — our position in — from a sustainability carbon footprint perspective is a huge, huge advantage. And I don’t believe everyone understands it. Our flat roll mills are reportedly and not us reporting it, but our automotive — European automotive manufacturers are suggesting that our two current mills Butler and Columbus, they are likely the lowest carbon footprint of any sheet producers in the world, and Texas is going to be somewhat similar.
So that’s allowing us to gain huge market traction, certainly in automotive. We actually have more interest than we can support today in that arena. And if you look at the fact that we’re already here and the rest of the world is spending billions and billions of dollars to get to where we are. In recent discussions with a couple of different European companies, which suggested to us that just the — their conversion from blast furnace to electric arc furnace and the DRI facilities. It’s likely going to increase the conversion cost by $200, $250 a ton. And if you think about where that puts us on the global cost curve, we will be absolutely at the very bottom, and it’s a very envious position to be. But most importantly, long-term, we would suggest that it supports much higher through-cycle spreads.
We’ve seen it in recent years that’s going to continue our earnings are going to be positively impacted by it. So incredibly excited for SDI going forward. For those, again, employees on the call, thank you, each and every one of you for everything you do each and every day. We can’t be here doing what we do without you. And you all put in a tremendous quarter and truly sort of punctuated the positive combination of culture and technology in creating the best financial metrics of any steel company, I think, in the world. Thanks to our customers. Again, we can’t do it without you and our service providers and everyone else, just thank you for your support. Have a great day.
Operator: Once again, ladies and gentlemen, that concludes today’s call. Thank you for your participation, and have a great and safe day.
