Group 1 - The black metal sector in the domestic futures market showed a positive trend, with rebar futures opening at 3092.00 yuan/ton and fluctuating throughout the day, reaching a high of 3137.00 yuan and a low of 3075.00 yuan, resulting in a decline of 1.13% [1] - Rebar market is experiencing a downward trend with weak performance, as indicated by the accumulation of total inventory despite a rebound in high furnace iron water and iron ore port inventory [1] - Various institutions have noted that real estate sales, construction starts, and completion data are poor, while steel exports remain resilient, leading to expectations of reduced crude steel production [1] Group 2 - The macroeconomic outlook is improving, with a significant probability of a 25 basis point rate cut by the Federal Reserve, which could enhance monetary policy space in China [2] - Steel demand has shown signs of weak recovery since September, but steel mills are operating at the brink of profitability, indicating potential for price rebound if production is controlled [2] - The "Golden September" demand is not meeting expectations, suggesting that steel prices may continue to experience weak fluctuations in the short term [2]