called differently; “Market price” means price of equity instrument in securities exchange or price of debt instrument which was offered by Thai Bond Market Association, as the case mat be; “Association

came mainly from crude oil price rebound in 2018. And even with lower pressure on Glycerin price from growing market supply in the second half of 2018, full year average Glycerin price remained high

information memorandum regarding the acquisition of the company's assets as specified in account 2 in accordance with the Notification of the Capital Market Subsidiary Board No.Torchor20/2551 Re: Rules on

the contract (physical delivery), or a party may make cash settlement where the cash difference between the exercise price and the market value or price of the underlying asset or variable at a time or

offering price designated by shareholders and is the market price. In consideration of the market price, the Company used the volume weighted average price of the Company’s shares traded on the SET during

Transaction”). Such offering price is a specific offering price designated by shareholders and is the market price. In consideration of the market price, the Company used the volume weighted average price of

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 and Analysis (MD&A) For Q2/2017 GSteel 2 - HRC cash

) according to HRC market price worldwide trend. - HRC cash margin (excluding depreciation) in 3rd Quarter of 2018 was achieved at THB 482/ton, lower by 66% from last year due to the increase in the cash

THB 95 million due to; - Increasing of HRC price: the average selling price of HRC in Q3-2017 was THB 18,079/ton, increased by 3.9% as compared with Q2-2017 (THB 17,403/ton) according to HRC market

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