It seems obvious, but it's a tricky question.
We are part of a continental value chain. We're working from a comparative natural advantage of access to large volumes of hydroelectricity. We've developed primary capacity and we ship to a market that has a critical mass to justify the processing of the metal all the way down to products.
The key impact that we feel more and more is the dysfunctionality of the market. Imports coming from China or from other areas that are discounted to access the U.S. market are eroding our market shares slowly but surely, pricing out our clients that are replaced by imports from Mexico or other areas. We're losing market share; we're not losing jobs. We're not putting people out. It's just that we have to strive continually to the shifts in the market. There are no assurances of keeping your shares in the automotive market, let's say.
The U.S. has become the highest netback market in the world, which means that everybody around the world wants their metal to get there, be it from the Middle East, Russia or somewhere else. Prices are kept very low, and competition is very strong.