and procurement that prevent risk from CPO’s prices fluctuation. ▪ By-product’s selling price in 2019 was decreased by 20.31 % due to high supply, while the quantities sold was increased by 46.95%, the

subsidiary by Baht 15.85 million, increased by Baht 7.13 million from the same period of previous year due to the better sales and net profit of a subsidiary company who manufacture and supply the automotive

instead of imports. However, the policy encouraged to increase production capacity and supply excess capacity to other countries. This will create problems for the steel market in other countries in the

16.29 million, increased by Baht 6.47 million from the same period of previous year due to the better sales and net profit of a subsidiary company who manufacture and supply the automotive exhausted pipes

forecasted that the demand and supply of steel will increase in the future. Management’s Discussion and Analysis (MD&A) for year 2017 6 The world steel production capacity utilization ratio swung between 67.6

a long-term agreement. It is forecasted that the demand and supply of steel will increase in the future. Management’s Discussion and Analysis (MD&A) for year 2017 (Revised) 6 The world steel

recover together with the liberalization of international trade begins to effective; rely on the time frame that each party has made a long-term agreement. It is forecasted that the demand and supply of

made a long-term agreement. It is forecasted that the demand and supply of steel will increase in the future. Remarks: 1. For antitrust reasons, worldsteel no longer produces a monthly global capacity

province of Republic of the Philippines. 455 MW of the plant’s capacity and energy are contracted to the Manila Electric Company (MERALCO) pursuant to a 20 years power supply agreement which is extendable

to a 20 years power supply agreement which is extendable for up to an additional 5 years. The construction of the project has progressed 89.83% (The construction plan was 88.38%). The commercial