STEEL MARKETS 2020Bill Hickey, Chairman

Lapham-Hickey Steel Corp.

SHARE OF WORLD CRUDE STEEL PRODUCTION

232 STEEL OBJECTIVES•Domestic Capacity Operate at 80% of Capacity• Increase Domestic Steel Consumption as a

Percent of Total Steel Consumption•Reduce Steel Import as a Percent of Domestic

Consumption• Stabilize Domestic Steel Price Levels•Reinvest in Domestic Steel Capacity

ALUMINMUM WORLD PRODUCTION BY COUNTRY Million Metric Tons

Country 2017 2011 2006 1999 1994USA 741 1,986 2,284 3,779 3,300Australia 1,450 1,950 1,930 1,720 1,320Brazil 801 1,440 1,498 1,250 1,200Canada 3,210 2,980 3,050 2,390 2,250Russia 3,580 3,990 3,421 3,150 2,670Norway 1,230 1,070 1,330 1,030 857China 32,300 18,100 9,350 2,450 N/LU.A.E. 2,600 1,800 N/L N/L N/LWorld Total 59,400 44,400 33,700 23,100 19,100

30 YEAR HISTORICAL CRUDE OIL PRICES

UNITED STATES FED FUNDS RATE

TRADE ACTIONS•301 China Tariffs•232 Steel & Aluminum Tariffs

12 Month Increase Ending 12/2019• PPI 1.3%• CPI 2.1%• Import Price .2%

QUESTIONS