and took time to validate and eventually produce, therefore the company has to import the finished goods products for serving our protective coatings market. 3. The increasing of sells and

approved an investment plan in Smart Vending Machines (SVM) of its subsidiary, Telemax Asia Corporation (100% held by FERRUM). The seller of those machines is A.E.I Export and Import who has no related to

seeing some bottoming out of the prices and slowdown in the import arrivals into Thailand. Pursuant to the Government announcement in the Government Gazette regarding to the revised Anti-dumping and

from the import of other-alloy steel hot-rolled flat products in coil and not in coil since February 2019. The imports constituted 60% of the total consumption in 2019 compared to 54% in 2018. The

Steel (Unit : Tons) 2016 2017 % Change Production 7,957,351 6,865,628 -13.72% Import 12,614,629 11,326,134 -10.21% Export 1,294,821 1,553,247 19.96% Consumption 19,277,158 16,638,515 -13.69% Source : Iron

: The production and the domestic demand of Finished Steel in 2016 and 2017 Total Apparent Finished Steel (Unit : Tons) 2016 2017 % Change Production 7,957,351 6,865,628 -13.72% Import 12,614,629

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

stable whilst the cost for import scraps is continuous increase. However, in the third quarter of 2018, the Company had the sale revenues and sale volumes increased in significantly, which can summarized

, the Company’s customers had developed alternative sources of supplies of HRC and also imported large volumes of HRC. The import arrivals continued during the reported Quarter and impacted the sales