Analysis (MD&A) For Q3/2018 3 Executive Summary The total apparent finished steel consumption of steel industry in Thailand in the third quarter of 2018 surged to 4.66 million tons, an increase of 11.1
. Moreover, a stagnant of Thai economy in the first half of 2017 causes a lower demand of steel consumption. According to ISITCs data, total apparent finished steel consumption of Thailand for the first 6
. According to ISITAs data, total apparent finished steel consumption of Thailand for the first 6 months of 2017 was at 8.3 million tons, decreased by 16.4% compared to the same period of last year, while flat
%) (Reversal of) loss on confirmed purchase orders for undelivered raw material 21 0 100% Other income 97 45 116% Total income 13,268 30,180 (56%) Expenses Cost of sale - Cost of goods sold 13,386 29,342 54
exchange gains 71 0 100% (Reversal of) loss on confirmed purchase orders for undelivered raw material 3 0 100% Other income 19 12 56% Total income 4,022 7,828 (49%) Expenses Cost of sale - Cost of goods sold
confirmed purchase orders for undelivered raw material 0 9 (100%) Other income 29 14 103% Total income 3,131 8,803 (64%) Expenses Cost of sale - Cost of goods sold 3,143 8,665 64% Cost of sale - (Reverse of
) loss on confirmed purchase orders for undelivered raw material 0 37 (100%) Other income 13 38 (66%) Total income 2,709 3,573 (24%) Expenses Cost of sale - Cost of goods sold 2,796 3,605 22% Cost of sale
variable cost side, particularly fuel, are not yet apparent. However, going into Q2 and the rest of the year variable cost savings will add to EBITDA as we see the impact of standardizing fuel across the
incentive programs through the operations. The impact of lower volumes was apparent as H1 2019 EBITDA decreased by 21% from the year previously. In H1 price has met expectations and every effort will be made
year. Management’s Discussion and Analysis (MD&A) For Q3/2017 8 The production and the domestic demand of Finished Steel in Q3 2016 and 2017 Total Apparent Finished Steel (Unit : Tons) Quarter 3/2016