year 2018 amounted to THB 836 million which loss higher than last year mainly due to HRC selling price is stable whilst the cost for import scraps is continuous increase. However, for the year 2018, the
the year 2018 amounted to THB 836 million which loss higher than last year mainly due to HRC selling price is stable whilst the cost for import scraps is continuous increase. However, for the year 2018
support from the new Shareholder, we are positive to be more competitive in term of cost resulting the positive bottom line is achievable. Refer to the HRC price in Q3/17, we have seen the improvement of
primarily due to: • Revenue from sales and cost of goods sold The total sales volumes and total production volumes were lower than last year mainly due to the termination of tolling agreement with G Steel
December), the Company had production not only full capacity during the off-peak period (the period where electricity cost is cheaper), but also extended some operated hours to on-peak period in order to
cash margin (excluding depreciation) in 1st Quarter of 2018 was achieved at THB 1,937/ton, lower by 42% from last year due to the proportionate of an increased in scrap cost is greater than an increased
beginning of 2017 to USD 18,000 per ton this year) and the proportionate of an increased in scrap cost is greater than an increased in HRC market price. In Q3/2018, the company will maintain an overall output
quarter. Moreover, the company has planned and started preparation to improve machineries in order to ramp up the production during the on-peak period to gain more market share and reduce production cost to
continuously. Thus it will become more challenging for the global steel industry participants in all the regions. Careful estimation for raw material purchasing and production cost management is seriously needed
to: • Decrease in financial cost of THB 17 Million consequent to debt reduction programme. • Net gain from exchange rate of THB 71 Million resulting from the strengthen in Thai Baht, whilst last year