Tata Steel Thailand Public : Company performance Fiscal Year 2022
August 04, 2022 at 11:01 pm EDT
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Company performance
Fiscal Year 2022
(Year ended March 31, 2022)
1
Agenda
Update on business environment
TSTH performance in FY22
Business outlook for FY23
2
Rising inflation and geo-political issues are expected to have an adverse impact on global growth during 2022
Economic growth projections (%) for global and major economies
2022 Inflation (%) forecast by OECD
World steel production declined by 6.3% Y-o-Y during Jan-May 2022
Source : IMF , World bank, OECD, Krungsri Research, WSA
3
Thailand apparent steel consumption
24,000
20,000
16,000
12,000
8,000
4,000
0
20,862
19,090
19,334
18,641
18,637
16,726
16,452
6,487
11,436
9,542
12,615
9,318
11,326
9,032
12,057
7,799
12,227
7,156
10,407
7,633
12,399
1,198
1,295
1,553
1,754
1,384
1,111
1,395
2015
2016
2017
2018
2019
2020
2021
Production
Import
Export
Apparent steel use
('000 tonnes)
-16.8%
8,463
7,040
3,604
5,406
546
3,302
4,312
574
20212022
(Jan-May)(Jan-May)
Steel consumption declined by 16.8% year on year during Jan-May'22 mainly from lower imports due to global supply chain disruptions.
Source : Iron and Steel Institute of Thailand
4
Thailand Economy: while tourism sector is reviving, global headwinds and high inflation remains a concern
BOT's Key Economic Forecasts
Inflation
Thai GDP growth projection remains in 3.2-3.3% range due to strong domestic demand and the pickup in foreign tourists amid limited effect of Russia-Ukraine crisis.
Inflation at 14 years high, remains a concern. Full-year inflation is projected at 6%.
5
Source : BOT , MOC, Krungsri Research
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Tata Steel (Thailand) pcl published this content on 05 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 August 2022 03:00:02 UTC.
Tata Steel (Thailand) Public Company Limited is engaged in the manufacturing and distributing long steel products. The Companyâs principal activities include operation of manufacturing, rendering manufacturing services, distributing, and trading of steel bars, wire rods and small section products. Its products and services include Wire Rods, Rebar products, Angel and Chanel, Footing - TATA SuperBase, Cut and Bend, Angle Steel and Gutter Steel, Pre-Formed Foundation Steel, and Rebar Forming, Cutting and Bending services. The Company also offers Small Section Structural Steel, which consists of angle and channel steel that is used in general engineering, signboards, support for roofs, transmission line towers; Carbon Steel Round Bar, and Cut and Bend, which consist of ready to use Rebars at the construction site. It markets special quality Rebar under trademark TATA TISCON S. The Companyâs subsidiary is Tata Steel Manufacturing (Thailand) Public Company Limited.