“I believe at this stage, we are on track to getting that 7 handle by the end of the year as well.”

In context

“t. I'll now turn the call over to Q&A. Operator: [Operator Instructions]. And our first question comes from the line of Laurent Favre with BNP Paribas. Laurent Favre: My question is regarding the backlog. And I remember that 3 months ago, you were talking about defending the $7 billion by year-end despite startups. I was wondering if you think -- I mean, I'm not aware of any significance new intake in Q3. Are you expecting significant new projects coming in, in Q4? Sanjiv Lamba: Thanks for that question. Obviously, the backlog at $7 billion. This is the sale of gas backlog is at a record level. I had said 3 months ago, my expectation is we will end the year with a 7 handle on the backlog despite starting up $1 billion in projects during the course of the year. We're on track for that. And I believe at this stage, we are on track to getting that 7 handle by the end of the year as well. Laurent Favre: And you talked about new projects in -- on the steel side in metals in the U.S. Can you talk about that opportunity? Is it something for the near term? Or do you see multiple opportunities over the next 12 to 18 months? Sanjiv Lamba: So I just want to make sure I understood that correctly. You're asking about opportunity pipeline broadly and then in the U.S. Laurent Favre: No, it was more about metals or I would say, traditional projects away from electronics, away from decarbonization. Sanjiv Lamba: Good question there, Laurent. So yes, I think we are seeing that as a result of the tariffs that steel and metals broadly are likely to see some continued expansion in the U.S. We find ourselves well positioned with the right players who are contemplating that expansion. So the”