Question-and-Answer Session
Thank you. [Operator Instructions]. And our first question will come from Mark Parr with KeyBanc.
Mark Parr - KeyBanc Capital Markets
Oh, hi, hey, Keith?
Keith E. Busse - Chairman and Chief Executive Officer
Hi, Mark. Good morning.
Mark Parr - KeyBanc Capital Markets
How you doing?
Keith E. Busse - Chairman and Chief Executive Officer
I'm doing quite well, yourself?
Mark Parr - KeyBanc Capital Markets
Well, I'm hanging in there, but congratulations. It's a great quarter, great results. I missed. Could you go over the scrap outlook again as you're seeing it right now? I mean, we've got this very unusual diversion between prompt and industrial material and can you talk a little bit about how you see those two coming backing together or if you see them coming back together?
Keith E. Busse - Chairman and Chief Executive Officer
I think that obsolete grades almost traded in sympathy with the move in industrial grades last month. Flows were awfully strong. They still remain strong, in light of the fact that some of the export buyers are sitting on the sidelines at these prices, I can understand that. We may have some overhang there and obsolete prices may back up whether or not the prop grades which are still very tight back up in sympathy so to speak, or because the flows increase, so, I think that's greater likelihood in time that as we work our way through the summer outages and the American Axle strike ending, even though we have a rather weak economy, flows should improve somewhat and maybe take a little pressure off of that.
I'm just, -- Mark, I don't know how we could have predicted $300 spread, and therefore I can't really tell you to what degree it's going to narrow, but I think it will narrow over the course of time, but I don't have a crystal ball that big.
Mark Parr - KeyBanc Capital Markets
Okay, is it fair for us to think about the spread as something, especially because of your -- now what over what, 55% of your mix is Flat Rolled? I mean, you've got a lot of prop material, maybe a little higher mix than some of your other competitor's in the electrical furnace arena. And is that something that probably is hitting you to a greater extent or constraining your margins or is that something that's actually been a positive because of surcharge pass throughs? I am trying to understand how to think about that?
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