make exports challenging competitively. Pricing in Q4 continued to trend upwards and we ended the year at levels up 3% from the same quarter last year. While the increased competition will impact current

2019, the price of pig iron remained stable at the same level while the price of scrap started to fall continuously. Thus it will become more challenging for the global steel industry participants in all

second quarters of 2016 and then decreased in the third quarters of 2016 but then turn back increasing continuously until the second quarter of 2017. Thus it will become more challenging for the global

quarters of 2016 and then decreased in the third quarter of 2016 but then turn back increasing continuously until the third quarter of 2017. Thus it will become more challenging for the global steel industry

continuously until the first quarter of 2018. For second quarter to fourth quarter of 2018, the price of pig iron and the price of scrap started to fall continuously. Thus it will become more challenging for the

of scrap started to fall 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

challenging in 1Q19. In strategic areas, aggressive price plans and handset campaigns were launched, especially in prepaid, in which AIS was competitive to preserve scale. As a result, mobile revenue grew 1.1

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

of 2019. For second quarter of 2019, the price of pig iron tends to increase while scrap price continue to decrease from the previous quarter. Thus it will become more challenging for the global steel

and the second quarters of 2016 and then decreased in the third quarter of 2016 but then turn back increasing continuously until the first quarter of 2018. Thus it will become more challenging for the