Group 1 - The core point of the article is that Shanghai Steel Union held its 14th meeting of the 6th board of directors on October 27, 2025, to review the proposal for the Q3 2025 report [1] - For the year 2024, the revenue composition of Shanghai Steel Union is as follows: 98.94% from steel trading services, 0.96% from information services, 0.09% from other services, and 0.01% from other businesses [1] - As of the time of reporting, the market capitalization of Shanghai Steel Union is 8.3 billion yuan [1]