Hi,
I need help with interpretation with this letter which I'm sure some of you may have the same from the manufacturer.
So, what is % of raw materials extracted within their manufacturing plant?

"Gerdau Ameristeel's own steel recycling facilities provide approximately 40% of all the recycled steel scrap used in our steel mills. The individual Gerdau Ameristeel mills select scrap based on metallurgical needs and costs. In general, it is estimated that at least 80%-90% or more of the steel scrap used by Gerdau Ameristeel comes from locatinos within 200 miles of the producing mill and 95%-100% within 500 miles of the producing mill."