Since the beginning of this year, our company has strengthened collaborative support, strengthened market research and judgment, played its location advantages and resource advantages, followed the spot purchase nodes of cooperative units, stabilized the discount ore resource channels, explored alternative resources, and flexibly adjusted the purchase varieties according to market conditions to reduce the purchase cost of imported ore. From January to July this year, Shandong Steel Rizhao imported ore continued to outperform the market, with a cost reduction target of more than 50 million yuan.