expiry of safeguard on alloy steel, and strengthening of Thai Baht, and the current out break of COVID-19 has led to continuous decline in domestic steel prices from second quarter of 2019 and impacted the

average selling price decreased considerably due to slowdown in Thai economy, strengthening of Thai Baht, and surge in imports of Alloy Steel and Galvanised HRC post expiry of safeguard duties. While total

economy of scale which will improve profitability of the company in the future. Overview of World Steel Industry According to the World Steel Association’s report on world crude steel production was 428.2

environment of both the public and private sector remained weak, and private consumption, albeit growing steadily, slowed during the second half of the year. Meanwhile, the Thai economy in 2020 is expected to

of the Securities and Exchange Commission. Clause 2 At least two fifths of the total number of directors of a derivatives exchange shall be persons capable of performing the duty to safeguard the

2018 due to slowdown in Thailand economy. Meanwhile, imports of Hot Rolled Steel increased by 2% to 4.04 MT due to strengthening of THB and the effect of termination of enforcement of Safeguard Measure

of safeguard against Alloy Steel since February, 2019. The Company had to reduce its selling prices in line with Imports to retain its production and sales volumes. Consequently, the average selling

the partners in the Audit Firm Please explain the safeguard against independence impairment of the partners in the Audit Firm and the scheme or criteria in setting up the remuneration to the partners in

the future. 3. Management’s Message Flat Steel Product ($/T) Management’s Discussion and Analysis (MD&A) For Q3/2017 6 Overview of World Steel Industry According to the World Steel Association’s report

Baht 4,520 million against Baht 8,678 million for same period last year. The Sales quantities and prices were severely impacted by continued weakness in global Steel Industry, significant increase in