Tango-Tiger

TSTH expects sales in the year 63/64 to surpass the target as demand is reviving Believe this year continues to grow - pressure on Chinese steel down.









Mr. Rajiv Mangkal, President of Tata Steel (Thailand) Plc. (TSTH), revealed that the company's steel sales for the year 2021 (April 20 - Mar. ) Will achieve 1.29-1.3 million tons, higher than the original target of 1.22-1.23 million สล็อตxo tons after the demand for steel both at home and abroad rose considerably in the late year to the beginning of the year '64 due to various projects Construction began to resume more in 3Q20 and has increased significantly since November '20, especially domestic wire rod demand increased from 88,000 tonnes / quarter to 105,000 tonnes / quarter at the end of the year. 64 positively affects the company's steel sales. The company's sales in the first nine months of the year 63/64 has achieved 937,000 tons.


And even though the current situation of COVID-19 Both at home and abroad will not resolve. Which affects the economic slowdown But the company sees that various projects Will begin to gradually return to investment again after postponing plans from the year 63, especially large government projects such as high-speed rail projects. The Eastern Economic Corridor Development Project (EEC), U-Tapao Airport Project, etc. are expected to increase domestic steel demand by more than 10% to 18-19 million tons from the year 2020 with 16-16.5 million demand. Tonnes, which dropped 13% from the year 2019, so it is believed to be a factor supporting the company's sales target in the year 64/65 (April '19-Mar. '09). Continues to grow steadily from the year 63/64


While the situation of the Chinese steel that hit the market in Thailand will decrease. Since the demand for steel in China has returned to a great extent. And the selling price of steel is rising as well. Causing steelmakers in China to turn to focus on domestic sales And slow down steel exports Causing the amount of steel from China to decline This has a positive effect on steel producers in the region in terms of reduced competition. As well as the selling price of steel will increase. After the cheap steel from China disappeared from the market. And contractors will turn to more domestic steel orders


The trend of steel sales and raw material prices (spread) in Q3 / 2021 dropped to 6,700 baht / ton from Q2 / 2064 to 7,000 baht / ton after the price of steel raw materials. However, the selling price of steel in the market did not increase accordingly. Due to the large quantity of steel exported from China As a result, regional steelmakers have to compete on price with Chinese steel. But the company has effective cost and expense control. Making the sale of steel can still be profitable. Contrary to other steel producers, most of them will lose.



Lower pressure on steel exports from China. It has a positive effect on the trend in steel sales in the quarter 4/2021 will increase. According to the selling price of raw materials that come to produce steel While the demand for steel continues to increase Positively affects the steel selling price. This is a good sign for steel manufacturers. It will have the ability to make more profit. And is a factor driving the company's profit in the last quarter of the year 2021


On the progress of installing a solar rooftop on the roof of the factory to generate 10 MW of electricity, an investment of approximately 200 million baht, within the next two weeks, the company will sign a contract with an operator with expertise in electric power. The sun And after signing the contract, it will be installed in the company's factory. This allows the company to save electricity costs down.