the cost of production is manageable while we can improve the selling price. 2. Business Outlook on Q3/2017 Management’s Discussion and Analysis (MD&A) For Q2/2017 3 Executive Summary In the second

Outlook on Q4/2017 3. Management’s Message Management’s Discussion and Analysis (MD&A) For Q3/2017 3 tons, higher than below 65,000 tons/month in the past. The average selling price in this quarter was at

same trend as in Q4/17. We strongly believe that we can increase production capacity and also maintain the metal spread to strengthen the Company business. 2. Business Outlook on Q1/2018 Management’s

stable and will moving in the same trend as in Q4/17. We strongly believe that we can increase production capacity and also maintain the metal spread to strengthen the Company business. 2. Business Outlook

considered low especially the government project as the public is still waiting for the national election on 24 March 19. As such, the Company do not foresee 2. Business Outlook on Q1/2019 3 G J Steel Public

this quarter is considered low especially the government project as the public is still waiting for the national election on 24 March 19. As such, the Company do not foresee 2. Business Outlook on Q1

million tons of crude steel in March 2019, an increase of 2. Business Outlook on Q2/2019 3. Industry Overview and Outlook 4 G J Steel Public Limited Management’s Discussion and Analysis (MD&A) Q1/2019 2.3

with the increased in cash & cash in banks of THB 330 million and total non-current assets decreased by 2% from the year ended 2018. 2. Business Outlook 3. Statement of financial positions 4 G J Steel

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

Analysis Q1/2020 G J Steel Public Company Limited Page 2/13 2. Business Outlook Total Hot Rolled Steel consumption for the 1st Quarter of 2020 stood 1.56 million MT and decreased by 3.4% compared to same