GDP (Gross Domestic Product) in fourth quarter expanded at 1.6 percent, slowdown growth from the previous quarter which grew at 2.6 percent. These factors limited Thailand’s GDP expansion in 2019 to

from the previous quarter. However, with domestic demand for oil consumption lowering, the refinery had to adjust its production down to optimal level, average production rate was 89.3 KBD or 74

built from the situation in the Middle East, predominantly with the attacks of 2 refineries owned by Saudi Aramco, Saudi Arabia’s national oil company. The attack was carried out by drones on the 14th

direct export chicken products and domestic sales of chicken parts. The consolidated gross profit in 1Q2018 was THB 519.39 million in 1Q2018, decreased by THB 109.99 million or 17.48% down from 1Q2017 from

Water, 3-in-1 Coffee and RTD Coffee Sales of branded products by own manufacture were THB 12,881 million, up by THB 343 million or 2.7%. The amount consisted of domestic and overseas sales at the

decrease in total consumption coupled with surge in imports led to 22% decrease in Domestic production compared with 2018. As per Iron Steel Institution of Thailand (ISIT) the Domestic capacity utilization

, indirect export of chicken meat, and domestic sales of chicken parts, represented 45.25% of total revenue from sales amounting THB 1,885 million, improved by THB 224 million or 13.43% up from 2Q2016. The

is expected to be effective in the next few months to give further support to the Domestic HRC prices. However, the consumption is expected to remain low till the new government formation. As such we

Steel Public Company Limited Management Discussion and Analysis Quarter 3 Ending 30 September 2019 G J Steel Public Company Limited Page 2/13 2. Business Outlook The Domestic HRC prices were severely

export cooked chicken products and fresh frozen chicken meat, indirect export of chicken meat, and domestic sales of chicken parts, represented 41. 94% of revenue from sales, amounting THB 1,544.42 million