But we're going to use the same discipline and making capital investments next year, because we don't expect the pandemic and pardon me for saying this, Leon from being completely behind us, back to your comments.All right, excellent. And so we're optimistic but also looking to be very deliberate in how we spend and, as Jim mentioned, our flexibility toward capital allocation as we move forward.
The forward-looking statements made in this conference call speak only as of this date, and Nucor does not assume any obligation to update them either as a result of new information, future events or otherwise.Concurrent with our capital raise Standard & Poor's and Moody's both reaffirmed their Nucor credit ratings of A minus and Baa1, respectively, while also maintaining their stable outlooks. I'm sorry, I don't have it on my fingertip, I'm sorry. Our new cold mill at our Hickman, Arkansas location continues to ramp up well.
You could see a lag in supply of prime scrap, obviously, with the automotive producers shut down. Yes, that's great, thank you very much.For opening remarks and introductions, I would now like to turn the call over to Mr. Leon Topalian, President and Chief Executive Officer of Nucor Corporation.
FileIt's not clear what type of work will be performed at the expansion site. So it really is a dependent factor on when do we unpause and when do we continue to move forward. With some of the coastal or export activity, you could see some pricing pushed a little bit, but for the most part, we see the outlook stable.Cash provided by operating activities exceeded $1.1 billion for the quarter with working capital contraction on the inventory receivables and payables line items totaling $650 million.
And also in sheet today we're somewhere in the 16%, 17% of the overall market range. I would just say that first of all, we had some reduction in volumes at all of our steel mills. But maybe I have not seen in my 25 years in this business, and that was a shedding of about 20 million tons of of supply come out of the market very, very quickly.Hi, Leon and Jim, thanks for taking my questions. On the scrap market itself, yes, there's a lot of availability internationally, and we participate in a fair amount of that, both the scrap and substitutes, including pig iron. The -- both the numbers at Gallatin, the Gallatin number has not unchanged. With the events gripping our nation, we are committed to taking the necessary steps to ensure that every team member in our company feel safe, not just in how we produce our steel, but safe in every sense of the word.