Domestic News - China's Prime Minister Li Qiang arrived in Singapore for an official visit, emphasizing the desire to strengthen strategic cooperation and promote multilateralism [1] - The Ministry of Commerce reported that from January to September 2025, 48,921 new foreign-invested enterprises were established in China, a year-on-year increase of 16.2%, while the actual foreign capital utilized was 573.75 billion RMB, a year-on-year decrease of 10.4% [1] - In September, actual foreign investment increased by 11.2% year-on-year [1] International News - The U.S. federal government shutdown has entered its fourth week, causing significant delays and cancellations at airports due to a shortage of air traffic controllers [3] - European leaders announced plans to intensify sanctions against Russia, aiming to gradually exclude Russian oil and gas from the global market [3] - Moody's maintained France's sovereign credit rating at "Aa3" but downgraded its outlook to negative, citing political instability and rising debt levels as potential risks to fiscal health [3]

Group 1 - The core viewpoint of the article indicates that the steel circulation PMI index for October 2025 has dropped to 47.9%, falling back into the contraction zone [1] - The PMI index decreased by 2.5 percentage points compared to the previous month, signaling a decline in the steel circulation sector [1]