Certainly, and thank you for the question.
If we look at 2023 and 2024 as averages in the pre-tariff regime, we can look at countries like Malaysia and Turkey. Last year, they brought in 40% to 50% more metal than they brought into the country in 2023 and 2024. This year alone, in early 2026, the United States has seen an increase in imports of 10%, or $3 million per month as an average increase.
These are numbers that we find challenging to compete with. Oftentimes, the folks who are importing from offshore can bring in a fully formed extrusion cheaper than I can buy a raw aluminum log from Quebec. It makes it very challenging to compete in this space when they are undercutting our market from a raw perspective.