Steel Dynamics, Inc.

Good day and welcome to the Steel Dynamics fourth quarter in full year 2020 earnings conference call. At this time, all participants are in a listen-only mode. After management's remarks, we will conduct a question and answer session and instructions will follow at that time. Please be advised this call is being recorded today, January 26, 2021, and your participation implies consent to our recording of this call. If you do not agree to these terms, please disconnect. At this time, I'd like to turn the conference over to Tricia Myers, Investor Relations Manager. Please go ahead.

Thank you, Kevin. Good morning and welcome to Scale Dynamics' fourth quarter and full year 2020 earnings conference call. As a reminder, today's call is being recorded and will be available on our website for replay later today. Leading today's call are Mark Millett, President and Chief Executive Officer of Scale Dynamics, and Teresa Wagler, Executive Vice President and Chief Financial Officer. The other members of our senior leadership team are joining us on the call individually as we are following appropriate social distancing guidelines. Some of today's statements which speak only as of this date may be forward-looking and predictive, typically preceded by believe, expect, anticipate, or words of similar meaning. They are intended to be protected by the Private Securities Litigation Reform Act of 1995, should actual results turn out differently. Such statements involve risks and uncertainties related to our steel, metals recycling, and fabrication businesses, as well as to general business and economic conditions. Examples of these are described in the related press release as well as in our annually filed SEC Form 10-K under the headings Forward-Looking Statements and Risk Factors, found on the Internet at www.sec.gov and, if applicable, in any later SEC Form 10-Q. You will also find any reference non-GAAP financial measures reconciled in the most directly comparable GAAP measures in the press release issued yesterday entitled Steel Dynamics Reports Fourth Quarter and Annual 2020 Results. And now I'm pleased to turn the call over to Mark.

Well, thank you, Tricia. Good morning, everybody. Thank you for joining our fourth quarter and four-year 2020 earnings call. I apologize for the early hour, particularly for those that may be coming in from the West Coast, but hopefully you're going to enjoy the results nonetheless. Because 2020 was a year of unprecedented health and economic challenge as we navigated the impacts from the coronavirus pandemic. Yet through the extraordinary dedication and passion of the Steel Dynamics team, we took care of one another while also providing for our families and serving our customers. Protecting the health and welfare of our people is our highest priority, and I want to thank each of them for their continued commitment to each other. I am proud to work alongside each of them. They're a special team, and they continue to do incredible things. Despite the challenges, we achieved best-in-class performance with record fabrication volume, strong earnings, and steel shipments that were only 1% less than our record year. Simply a phenomenal performance given the conditions. We accomplished these milestones while remembering that none of it matters unless everyone goes home safely at the end of each day. Our safety performance improved in the fourth quarter, and notably, our annual 2020 injury severity rate was the lowest in our history. Again, nothing is more important than the health and safety of our people. Safety is, and always will be, our number one value. Our safety performance is significantly better than industry statistics, but our aim is to have no injuries, and we will work tirelessly to get there. In order to achieve this, we must all be continuously aware of our surroundings and our fellow team members. Keep safety top of mind to control safety, both in the traditional sense as it relates to keeping one another in good health. But before I continue, Teresa will provide insights into our recent performance.