Discussion and Analysis Quarter 3 Ending 30 September 2019 1. Highlights Unit: million Baht 3 rd Quarter 2019 3 rd Quarter 2018 P er fo rm a n ce Revenues 3,803 8,666 Sales Volume (k tons) 172,117 418,365

year. Management’s Discussion and Analysis (MD&A) For Q1/2018 9 Table: The production and the domestic demand of the Hot Roll Flat Steel for Q1 2017 and 2018 Total Hot Roll (Unit : Tons) (Excluding

Management’s Discussion and Analysis (MD&A) For Q3/2017 1 1. Highlights G Steel Public Limited and its Subsidiaries Management’s Discussion and Analysis (MD&A) Q3/2017 (Revised) Unit: million Baht

previous year. Management’s Discussion and Analysis (MD&A) for year 2017 10 Table : The production and the domestic demand of the Hot Roll Flat Steel for 2016 and 2017 Total Hot Roll (Unit : Tons) (Excluding

domestic demand of the Hot Roll Flat Steel for 2016 and 2017 Total Hot Roll (Unit : Tons) (Excluding Stainless Steel) 2016 2017 % Change Production 2,676,344 2,924,761 9.28% Import 4,684,252 3,865,120 -17.49

. Table: The production and the domestic demand of the Hot Roll Flat Steel for 2017 and 2018 Total Hot Roll (Unit : Tons) (Excluding Stainless Steel) 2017 2018 % Change Production 2,924,761 3,203,905 9.54

G J Steel Public Limited Management’s Discussion and Analysis (MD&A) for year 2018 (Revised) Unit: million Baht Year 2018 Year 2017 Pe rf or m an ce Revenues 29,910 15,178 Sales Volume (k tons) 1,447

the domestic demand of the Hot Roll Flat Steel for Q1 2018 and 2019 Total Hot Roll (Unit : Tons) (Excluding Stainless Steel) Quarter 1/2018 Quarter 1/2019 % Change Production 815,487 649,138 -20.40

the domestic demand of the Hot Roll Flat Steel for Jan - Jun 2018 and 2019 15 G J Steel Public Limited Management Discussion and Analysis Quarter 2 Ending 30 June 2019 Total Hot Roll (Unit : Tons

period of previous year. Table : The production and the domestic demand of the Hot Roll Flat Steel for Q2 2016 and 2017 Total Hot Roll (Unit : Tons) (Excluding Stainless Steel) Quarter 2/2016 Quarter 2