% – 74.3% throughout the year 2017, over the cycle, anyhow overall went on at higher level than previous year, somewhat improved indicates the recovery trend, but not too much while big portion of idle

trend, but not too much while big portion of idle capacity still existed. Hence, the oversupply risk will pertain with high probability towards 2018 and afterwards, if China and major steel producing

% Cost of sale - idle costs 242 125 (93%) Cost of sale - (Reverse of) loss on devaluation of inventories (73) 160 145% Total cost of sale 13,555 29,628 54% Selling expenses 174 362 52% Administrative

million metric tons, increasing 9.54% consisting of thin gauge at 3.02 million metric tons, increasing 11.24% and Thick gauge at 0.180 million metric tons, decreasing 12.79% compared to the previous year

metric tons. Overview of Hot Rolled Steel in Thailand The Hot Rolled Steel production in 2018 was at 3.20 million metric tons, increasing 9.54% consisting of thin gauge at 3.02 million metric tons

% consisting of thin gauge at 0.607 million metric tons, decreasing 21.76% and Thick gauge at 42.1 thousand metric tons, increasing 6.10% compared to the same period of previous year. Table: The production and

3,855 7,639 50% Cost of sale - idle costs 0 58 100% Cost of sale - (Reverse of) loss on devaluation of inventories (50) 36 241% Total cost of sale 3,805 7,733 51% Selling expenses 48 94 50% Administrative

tons, increasing 12.96% consisting of thin gauge at 0.776 million metric tons, increasing 20.72% and Thick gauge at 39.7 thousand metric tons, decreasing 49.92% compared to the same period of previous

Steel in Thailand The Hot Rolled Steel production in Jan. – Jun. 2018 was at 1.58 million metric tons, increasing 15.84% consisting of thin gauge at 1.49 million metric tons, increasing 20.46% and Thick

- idle costs 0 181 100% Cost of sale - (Reverse of) loss on devaluation of inventories 6 (85) (107%) Total cost of sale 2,801 3,701 24% Selling expenses 43 45 5% Administrative expenses 116 131 11% Loss on