This cash flow performance was supported by our ongoing focus on managing our costs, managing our capital expenditures as well as our working capital levels, including another significant reduction in inventory during the quarter. I'm pleased to note that with our disciplined efforts in this area throughout 2023, this resulted in GrafTech being free cash flow positive for the year. Moving to the next slide. We ended the year with a liquidity position of $289 million, consisting of $170 million available cash and $112 million available under our revolving credit facility. This reflects the financial covenants that limit borrowing availability under our revolver in certain circumstances. More importantly, we do not anticipate the need to borrow against the revolver in 2024.