quickly until first quarter of 2018 and dropped continuously from second quarter to fourth quarter of 2018. The reference prices for hot-rolled coil on the world market are that China export price average
of 2016 to first quarter of 2017 and decreased again in the second quarter then rebounded quickly until first quarter of 2018 and dropped continuously from second quarter to fourth quarter of 2018. The
Analysis (MD&A) Q1/2019 the second quarter then rebounded quickly until first quarter of 2018 and dropped continuously from second quarter of 2018 to first quarter of 2019 respectively. The reference prices
second quarter then rebounded quickly until first quarter of 2018 and dropped again in second quarter to fourth quarter of 2018. Then maintain the price level at USD 500/mt until second quarter of 2019
the third quarter and then turn back increasing continuously from Q4/2016 to Q1/2017 and decreased again in the second quarter of 2017 then rebounded quickly until first quarter of 2018. The reference
in the third quarter and then turn back increasing continuously from Q4/2016 to Q1/2017 and decreased again in the second quarter of 2017 then rebounded quickly until first quarter of 2018 and then
fell again in the third quarter and then turn back increasing continuously from Q4/2016 to Q1/2017 and decreased again in the second quarter of 2017 then rebounded quickly until first quarter of 2018 but
turn back increasing continuously from fourth quarter of 2016 to first quarter of 2017 and decreased again in the second quarter then rebounded quickly until first quarter of 2018 and dropped again in
back increasing continuously from fourth quarter of 2016 to first quarter of 2017 and decreased again in the second quarter then rebounded quickly until first quarter of 2018 and dropped continuously
to quickly reduce the impact causing the impact of the situation to be limited and can be managed. And does not affect the company as holding Company significance. 3. Aspect of the performance of the