increased by 406.13% from the average selling price in 2nd quarter of 2019. Currently, Company only sell to some industrial customers, which entered into short-term contract with specific quantities and
government orders. The Company entered into short-term contract with specific quantities and delivery term (Made to Order). This helps the Company to efficiently control inventories aging and procurement that
revenue from construction. As specified in the contract, the subsidiary shall transfer assets when the contract ends. The Group’s management assessed the agreement in accordance with TFRIC 12 ‘Service
lives of building improvement and electrical system for leased building. The estimates were previously set based on the Revenue Code. These estimates were then revised to align with the lease contract
Public Company Limited Management Discussion and Analysis Year Ending 31 December 2019 G J Steel Public Company Limited Page 11/14 The main raw materials (Pig iron, shredded scrap) the price movement of
). Table 1 : Performance Summary Table 2 : Adjusted EBITDA Margin In the face of volatile crude palm oil and crude palm kernel oil prices’ movement, both had continued to decrease from quarter 1/2017 due to
raw materials (Pig iron, shredded scrap) the price movement of the main raw materials, i.e. scraps and pig iron, had more fluctuated since the first quarter of 2016, by increasing in the first and the
movement due to the revenue is denominated in USD Expected Benefit Company expects that projects shall create the IRR of at least 10% 6. Benefits which the company will receive from the capital increase and
materials (Pig iron, shredded scrap) the price movement of the main raw materials, i.e. scraps and pig iron, had more fluctuated since the first quarter of 2016, by increasing in the first and the second
steel production control. Chart of world steel production capacity utilization, ending 31 December 2017 Source: World Steel Association The main raw materials (Pig iron, shredded scrap) the price movement