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

average spread between the Dated Brent and Dubai price in Q4/ 2017 increased by 0.30 $/BBL when compared to Q3/2017, due to supply reduction from the emergency maintenance of the underwater crude pipeline

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

with capacity of 2,500 cubic meter per day.  Demineralized Water Project, supply to GPSC, is scheduled to achieve COD in 4Q2019 with capacity of 6,000 cubic meter per day which located in WHA EIE.  WHA

implementation. Since then, the Company has started to gradually re acquire the old customers who had established alternative supply sources through competitors or resorted to cheaper imports. Overall Domestic HRC

the quality of service and products which can meet efficiency the customer needs. That cause we got purchase order form the big industry in the first quarter of 2019 such as industrial water supply

, electricity and water supply for 15 years  Additional 25% deduction of the cost of installation or construction of facilities apart from the usual depreciation expenses 4.2) Asset Obligations -None

% reduction of corporate income tax  Double deductions from the costs of transportation, electricity and water supply for 15 years  Additional 25% deduction of the cost of installation or construction of