Tata Steel (Thailand) Public Company Limited has announced its financial performance for the 2nd quarter of the fiscal year 2018, ending September 30, 2017, today.

          The company recorded sales volume of 323,000 tons in the 2nd quarter, which is a 17% increase compared to the 1st quarter of fiscal year 2018, due to rising demand compared to the previous quarter. Additionally, the company achieved record sales volumes for wire rod and finished rebar products in this quarter. The net sales in the 2nd quarter of fiscal year 2018 amounted to 5,785 million baht, representing a 26% increase from the previous quarter and a 25% increase compared to the same quarter last year.

          (EBITDA) Earnings Before Interest, Taxes, Depreciation, and Amortization in the 2nd quarter of fiscal year 2018 was 432 million baht, higher than in the 1st quarter of fiscal year 2018 and the 2nd quarter of fiscal year 2017, reflecting an improved market situation.

Key Performance Highlights:

          The NTS plant has also received the “Outstanding Industry Award 2017” in the category of Safety Management, and both NTS and SCSC received the “Outstanding Model Workplace Award for Safety and Work Environment” at the national level from the Ministry of Labor. Additionally, SCSC and SISCO received the CSR – DIW award from the Department of Industrial Works, Ministry of Industry, and SCSC also received the Gold Kaizen Award for Innovation at the Thailand Kaizen Award 2017. Importantly, all three plants, NTS, SCSC, and SISCO, have been awarded the Green Industry Level 4: Green Culture from the Ministry of Industry, with NTS and SISCO also receiving the Carbon Footprint Organization award from the Office of the Management of Greenhouse Gas Emissions.

Overview:

          Economic forecasts suggest that Thailand's economy is expected to grow by 3.6%, primarily due to improved trade conditions. Global growth is helping Thai exports expand faster than anticipated in the first half of the year. Private consumption continues to grow at 3.2%, supported by government economic stimulus measures. Furthermore, investments in machinery and equipment as well as construction are expected to improve.

About Tata Steel (Thailand):

          Tata Steel (Thailand) Public Company Limited, or "TSTH", consists of three subsidiaries: NTS Steel Group Public Company Limited ("NTS") located in Chonburi, Siam Construction Steel Co., Ltd. ("SCSC") located in Rayong, and Siam Steel (2001) Co., Ltd. ("SISCO") located in Saraburi. The company is the largest manufacturer and distributor of long steel products in Thailand, with a production capacity of 1.4 million tons of billets and 1.7 million tons of finished steel, including construction rebar, wire rod, small section steel, shafts, and finished rebar. Products are sold through a network of distributors across Thailand and include exports of rebar and wire rod to various countries.

Disclaimer:

          The statements regarding the company's performance in this press release are "forward-looking statements" as defined by relevant securities laws and regulations. Actual results may differ significantly from those expressed, summarized, or implied, either directly or indirectly. Key factors that may cause differences in the company's performance include economic conditions affecting demand/supply and market price conditions both domestically and internationally where the company operates, changes due to environmental factors, government regulations, laws, rules, judicial decisions, and/or other factors that may arise.

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