Message from the chairman
The Thai economy in 2025 grew by about 2.4 percent. The main reasons are government measures that boosted private consumption, accelerated private investment, a rebound in industrial production, and ongoing infrastructure projects. In terms of steel consumption in Thailand in 2025, it was 18.47 million tons, which increased by only 11.70 percent from 2024. The consumption of long steel products totaled 7.47 million tons, an increase of 20.20 percent, while consumption of flat steel products totaled 10.99 million tons, an increase of 6.6 percent.
The performance of CSP Steel Center Public Company Limited in 2025 has a total revenue of approximately 2,223 million baht, decreasing from 2024 in the amount of 295 million baht or 11.72%. The main reason was decreasing of average selling prices by 11.77% but increasing of sales volume by 759 tons or 0.78% when compared with 2024’s. Meanwhile, market steel prices have decreased due to the global economic downturn caused by the war and the problem of production capacity exceeding domestic consumption in the People's Republic of China, has impacted on exporting cheap price of steel, which led to the global steel price declining. In addition, the increased import of finished goods has led to heightened competition, causing the company to be unable to sell its products at prices that would generate normal profits. Despite efforts to reduce inventory and administrative expenses by 11.89 percent, the company still incurred a loss of 39.7 million baht in 2025. However, it can be noticed that the losses have significantly improved compared to previous years, indicating that the company will soon return to profitability.
As I am the Chairman of the Board of Directors. I am very disappointed that the company's performance had a loss in the year 2025. The management team and I have an urgent policy to reduce inventory level; in order to, reduce the risk from fluctuating steel prices and to reduce the company's financial cost, as well as increase production efficiency and reduce various expenses to make the company's performance return to have net profit in 2026. In this regard, the company has still continued to operate in accordance with the policy, goals and practices for sustainability management in other dimensions, along with taking into account the good relationships with all groups of stakeholders in the value chain of the company, which most of the goals in other dimensions have been achieved at satisfactory levels. Including, conforming the company’s principles of CG Code 2017, policies, plans and practices of other departments relating to the community/social dimension and environment. However, the management team and I will try to manage the company to be able to have net profit in the year 2026 by focusing on developing more efficient work system, and having business ethics along with a good relationship with responding the expectations of all groups of stakeholders to achieve the objectives of the company.
Mr. Supachai Chaisupat
Chairman