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Bangkok Post
Bangkok Post
Business

INSANE: Millcon banking on weaker baht | Vintage Vibes

SET Australia United States
The Millcon steel factory in Rayong. The steel is used in construction and other industries, including car manufacturing.

SET-listed Millcon Steel, a Thai steel manufacturer, is taking advantage of the weaker baht by planning to increase steel exports by 30% this year, especially to Australia and islands in the Pacific.

The company believes domestic sales of steel will be fuelled by the growth of the electric vehicle (EV) industry.

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