The company operates in three segments: Metals Recycling Business (MRB), Auto Parts Business (APB), and Steel Manufacturing Business (SMB). The average spot trading for HRC (Hot Rolled Coil Steel) has dropped to a five year low last seen in December of 2009 (at or near the $500/ton level). The weakness in the industry has been attributed to import competition, declining oil prices, high inventories, and raw material cost deflation.