[SMM Analysis: Cold Rolled Steel Experiences Volatility and Bottoming Out Under Weak Cost Support in September] Overview: Although cold rolled steel entered its off-season in August, the overall consumption resilience remained. Cold rolled steel mills continued to reduce production in August, marking the second consecutive month of production cuts, and the inventory inflection point for cold rolled steel also arrived as expected. However, in terms of raw material hot-rolled coils, the market sentiment for hot-rolled coils turned pessimistic in August, with off-season consumption coupled with accumulating inventories. Additionally, hot-rolled coil production did not show significant declines, highlighting the contradiction between strong supply and weak demand. Hot-rolled coil inventories remained high and faced difficulties in liquidation.