Q1-2017 (THB 18,695/ton) due to the decrease in HRC market price worldwide and a stagnant of Thai economy in the first half of 2017 causes a lower demand of steel consumption. Management’s Discussion

/2018 Processed price data from: Metal Expert Overview of Thai Steel Industry ISIT had reported the domestic steel-production Q1/2018 was at 1.95 million metric tons, increasing 8.06% compared to the same

, to 508/mt. in first quarter of 2019. Chart of hot-rolled coil reference prices on world market for Q1/2014 – Q1/2019 Processed price data from: Metal Expert Overview of Thai Steel Industry ISIT had

. Management’s Discussion and Analysis (MD&A) for year 2017 8 Chart of hot-rolled coil reference prices on world market for Q1/2013 – Q4/2017 Processed price data from: Metal Expert Overview of Thai Steel Industry

Q1/2013 – Q4/2017 Processed price data from: Metal Expert Overview of Thai Steel Industry ISIT had reported the domestic steel-production for 2017 was at 6.87 million metric tons, decreasing 13.72

world market for Q1/2013 – Q3/2017 Processed price data from: Metal Expert Overview of Thai Steel Industry ISIT had reported the domestic steel-production Q3/2017 was at 1.70 million metric tons

Q1/2014 – Q2/2018 Processed price data from: Metal Expert Overview of Thai Steel Industry ISIT had reported the domestic steel-production in Jan. – Jun. 2018 was at 3.46 million metric tons, decreasing

/2014 – Q3/2018 Processed price data from: Metal Expert Overview of Thai Steel Industry ISIT had reported the domestic steel-production in Jan. – Sep. 2018 was at 5.52 million metric tons, increasing

COMPANY ... CHOW STEEL INDUSTRIES PUBLIC COMPANY L... CHRISTIANI & NIELSEN (THAI) PUBLIC COM... CHU KAI PUBLIC COMPANY LIMITED CHUBB SAMAGGI INSURANCE PUBLIC COMPANY... CHULARAT HOSPITAL PUBLIC COMPANY

average selling price decreased considerably due to slowdown in Thai economy, strengthening of Thai Baht, and surge in imports of Alloy Steel and Galvanised HRC post expiry of safeguard duties. While total