Ladies and gentlemen, thank you for standing by. I'm Poppy, your Chorus Call operator. Welcome and thank you for joining the Erdemir conference call and live webcast to present and discuss the third quarter 2023 financial results. All participants will be in a listen-only mode, and the conference is being recorded. The presentation will be followed by a question and answer session. Should anyone need assistance during the conference call, you may signal an operator by pressing star and zero on your telephone. Please note, Ereğli Demir ve Çelik Fabrikaları T.A.Ş. Erdemir may, when necessary, make written or verbal announcements about forward-looking information, expectations, estimates, targets, assessments, and opinions. Erdemir has made the necessary arrangements about the amount, the amounts and results of such information through its disclosure policy and has shared such policy with the public through the Erdemir website, in accordance with the Capital Markets Board regulations. As stated in related policy, information contained in forward-looking statements, whether verbal or written, should not include unrealistic assumptions or forecasts. It should be noted that actual results could materially differ from estimates taken into account the fact that they are not based on historical facts, but are driven from expectations, beliefs, plans, targets, and other factors which are beyond the control of our company. As a result, forward-looking statements should not be fully trusted or taken as granted. Forward-looking statements should be considered valid only considering the conditions prevailing at the time of the announcement. In cases where it is understood that forward-looking statements are no longer achievable, such matter will be announced to the public, and the statements will be revised. However, the decision to make a revision is a result of a subjective evaluation. Therefore, it should be noted that when a party is coming to a judgment based on estimates and forward-looking statements, our company may not have made a revision at that particular time. Our company makes no commitment to make regular revisions, which would fully cover changes in every parameter. New factors may arise in the future, which may not be possible to foresee at this moment in time. At this time, I would like to turn the conference over to Ms. Idil Onay Ergin, Investor Relations Director. Ms. Ergin, you may now proceed. Thank you very much, Poppy. Good afternoon, everyone. Welcome to our conference call and webcast of Erdemir for the third quarter of 2023. Today, our financial control and reporting director, Mr. Ulaş Yirmibeş, is also joining the webcast. First of all, I will go through our investor presentation, which you can find on our website, and you can also follow it through the webcast. Then at the end of this presentation, there is going to be a Q&A session, as usual. Our presentation consists two sections, as you already know. The first one is the market overview and then the financial results. So let's start with commodity prices. In page 3, you will see the prices of steel-related commodities and HRC. Let's take a look at coking coal, iron ore, scrap and HRC prices. Price level of coking coal was around $295 per ton at the beginning of the year. It reached its lowest level in May with $222 per ton. Since then, it has gradually increased and reached $348 per ton in the spot market as of today. Prices for Australian coking coal have jumped 50% due to factors such as maintenance outages, lower than usual supply from Queensland, and a slower train network. According to analysts' forecast, stable demand and low availability will stimulate coking coal prices. Iron ore price was around $117 per ton at the beginning of the year, and it has reached $120 per ton today, with a relatively stable trend. Spot iron ore prices have been volatile, but generally moderated since the start of the year, driven by slowing global economic growth and China's property sector weakness. We do not expect a sharp movement in the short term for iron ore prices. And scrap, after reaching its highest level in 12 years, since 2010, with $665 per ton in March 2022, the current scrap price has dropped to $350, and it follows a stable trend. On the bottom right, we show HRC prices in Black Sea, China, and South Europe. HRC prices, which peaked in March 2022 due to the Russia-Ukraine war, are already normalized, and the main reason for low steel prices is oversupply in the Chinese market. Since the country's government has still not imposed restrictions on steel production, the country's steelmakers continue to increase the production of steel products. But domestic demand does not correspond to production volumes, and part of the products are exported at lower prices than the world average. On page four, you will see the production, consumption, export, and import figures of Turkish steel markets for the eight months of 2023. While steel production decreased around 5%, steel consumption increased around 18% compared to the same period of the last year. Despite the 0.2% increase in world crude steel production, Turkish crude steel production decreased by 12% and negatively differentiated from the world steel industry. While exports decreased by 42% in the first 8 months of 2023, the increase in imports by 22% caused the export-import coverage ratio, which was 93% in the first 8 months of last year, to fall 50% in the first 8 months of this year. So let's take a look at the financial results and the operational metrics. On page 6, you will see the brief summary of our 9 months results. Despite the earthquake disaster, we achieved $4.6 billion revenue, and we generated $463 million EBITDA. On page 7, you will see the operational indicators of our company. As you all know, due to the earthquake that occurred on February 6th, we lost approximately 3 months of production and 600,000 tons of sales, due to the earthquake. All the decreases you see on this page are related with, mainly with the situation. The crude steel capacity utilization ratio in the second and third quarters was approximately 80%. Our production and sales returned to normal levels as of third quarter. Despite the decrease in liquid steel production, our final product production increased, due to the production planning. Both our production and sales tonnage reached 2,000,000 tons in the third quarter. So in page six, you can see the segmental breakdown of domestic sales and export volumes. As you can see from the pie chart, there has been a change between sectors due to the effect of market and demand conditions when we compare to last year's breakdown. There has been a transition from the pipe and profile, and rolling and auto industry to distribution chains. The similar situation applies to the long product. There has been a transition to industries that use value-added products and have higher profitability, margins. As I mentioned in the previous slide, the unusual decline in exports is mainly caused by the earthquake. On page nine, you can find a breakdown of revenue, for domestic and export sales. 88% of the revenue comes from domestic sales in line with the domestic volume. The decline in sales revenue is mainly caused by the earthquake. The decline in EBITDA per ton due to the earthquake recovered very quickly. We expect to see a similar figure in the coming quarters. In Q3, due to the increase in the corporate tax rate from 20% to 25%, there was an increase of $164 million in total tax expenses, most of which is deferred tax. With the generated EBITDA and the insurance income accruals in the financial statements, the net profit in the third quarter was $3 million. On page 10, you can see how we reached to net profit from EBITDA. The largest item was tax expenses, which was $452 million in nine months. The other major item in this chart was financial expenses, which are high due to the operational foreign exchange loss. Depreciation was $161 million. Also within the expenses from investment activities, there are fixed assets that will be out of use at İsdemir. After other expenses, net loss was $175 million. In the graph below, you can see EBITDA to change in cash bridge. There is a release of $93 million in working capital. Also, we spent around $855 million to capital expenditures in nine months. This amount also includes advances paid for the capital expenditures as well, and that you will see the difference between the CapEx page in page 13 and this one. $651 million credit was mainly used for net working capital and investments. On page 11, you will see historical trend of financial borrowings and net debt. When we look at the first nine months of 2023, our net working capital remained almost stable compared to the end of last year. There was a decrease, slight decrease in inventories and trade receivables due to the decline in prices. Our net debt position was $1.4 billion at the end of September 2023. Due to the non-operational costs incurred because of the earthquake, low EBITDA was realized, and with the ongoing capital expenditures, the net debt EBITDA ratio was 2.7x. We expect that the EBITDA will increase and net debt will remain stable for the rest of the year, and net debt EBITDA ratio will decrease below 2x again. Slide 12 represents our cost of sales breakdown due to the increase in production after the earthquake. Our raw material usage increased, naturally, due to the price decrease. The biggest change was in coal. Page 13 represents the historical CapEx spending. Total CapEx spending is $663 million in nine months. When we add the advanced payments of $192 million to this figure, we reach the investment expenditure of $855 million. İsdemir's number three coke battery modernization was commissioned last year in May. In addition, the new second blast furnace investment in Erdemir will be completed and commissioned on October 29, the 100th anniversary of the Republic of Turkey. Our capital expenditures will accelerate in the coming quarters. On page 14, you can find our value generation approach, which stands on the three pillars of sustainable growth, responsible production, and putting people at the heart of what we do, played a major role in our operations. Now we may continue with the Q&A session. We will be delighted to answer your questions. Thank you for listening.