exchange rate for year 2019 and 2018 amounting to THB 216 million and THB 105 million in respectively due to the strengthening of the Thai Baht against the US Dollar. • Net gain from write-off expired legal

impacted due to continued weakening of international market for flat products and increase in imports of Alloy Steel and Hot Dipped Galvanized HRC into Thailand due to strengthening of Thai Baht and removal

Commission (SEC). An English version of the MD&A has been prepared from the Thai version. In the event of a conflict or a difference in interpretation between the two languages, the Thai version shall prevail

tons, significant increase by 4.6% compared to 2017. The region with most production in 2018 was Asia (including China, but not including the Middle East) 1,271.1 million tons; where China alone had

accumulated world crude steel production in 2018 was 1,808.6 million tons, significant increase by 4.6% compared to 2017. The region with most production in 2018 was Asia (including China, but not including the

period in 2018. The region with most production was Asia (including China, but not including the Middle East) 312.9 million tons, an increase by 7.0% over the first three months of 2018. The second most

Steel Association’s report on world crude steel production was 426.6 Mt in the first three months of 2018, up by 4.1% compared to the same period in 2017. Asia produced 294.1 Mt of crude steel, an

hire an appraiser approved by the Securities and Exchange Commission. 2 The change is the result of the Thai Accounting Standard No. 16 (revised 2017), regarding Property, Plant and Equipment has

same period in 2017. The region with most production was Asia (including China, but not including the Middle East) 946.8 million tons, an increase by 5.5% over the first nine months of 2017. The second

(“ICUK”) of THB 11 million, and the rest to many other countries both in Asia and Outside Asia totaling of THB 126 million, rose by THB 39 million or 44.8% driven mainly by sales orders of Yemen and