In September, the global steel market continued to differentiate, and the overall performance was down. The European market continued to suffer from both weak demand and pressure on export resources, and continued to decline in September. In the North American market, some flat products prices fell, long product prices remained stable, and US steel capacity utilization continued to rise. Asian markets have been mixed, and China's domestic steel market has rebounded by 1.7% after entering the seasonal sales season. Looking forward to October, we expect the global steel market to stabilize and weaken.