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Sahaviriya Drops Most in 6 Months on Rival’s Shareholder Change

Sahaviriya Steel Industries Pcl (SSI), Thailand’s biggest steelmaker, dropped the most in six months in Bangkok trading after its rival G Steel Pcl (GSTEEL) announced a plan to sell a stake to ArcelorMittal. (MT)

The shares dropped 5.5 percent to 1.20 baht as of 10:11 a.m. local time, set for the biggest decline since Aug. 31.

To contact the reporter on this story: Anuchit Nguyen in Bangkok at anguyen@bloomberg.net

To contact the editor responsible for this story: Tony Jordan at tjordan3@bloomberg.net

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