Thailand Due to depletion of Mae Sod Mine’s reserves, PDI stopped its mining activities in 2016 and ceased the conventional zinc business end 2017. Whilst sustaining part of the zinc related activities under

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

level of household debt and conservative spending are continue to hinder domestic consumption by limiting consumption with only necessary items, decreasing in spending frequency and low- price. The

problem of purchasing power and incomes which have not yet recovered. Furthermore the liability stayed in high level and this was slightly speeded up the consumption. Therefore, it affected the expense

THB 18,079 per ton, increased 4% from the previous quarter, due to the increase in market price worldwide, especially in China and East Asia. Steel consumption in China had risen for 11.3% in the first

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

ended 30 September 2020 1,104 536 3. Business Outlook The overall domestic Hot Rolled Steel consumption reduced by 28% during the 3rd Quarter 2020, while imports declined by 46%, the domestic production

). Industry Overview The Office of the National Economic and Social Development Council (NESDC) reported that Thailand’s GDP in 2018 growth 4.1% YOY, driving by private consumption and investment. Although the

flat finished steel production of 1.37 million metric tons, decreasing 20.37% compared to the same period of previous year. The consumption of finished steel products in Thailand in Jan. – Jun. 2019 was

, decreasing 14.49% and the flat finished steel production of 1.97 million metric tons, decreasing 25.80% compared to the same period of previous year. The consumption of finished steel products in Thailand in