31
Jul
04:06
Feng Hsin’s earnings fall on poor market
The earnings of Feng Hsin Steel Co., Ltd., a major electric arc furnace-based steelmaker in Taiwan, were impacted by the poor market in the first half of the year. But the company was still profitable during the period, Kallanish notes.
In H1, Feng Hsin reported revenue of TWD 17.74 billion ($564 million), down 14.7% from the same period of 2022. Within this, revenue in the second quarter decreased 17.1% to around TWD 9 billion.
Net profit in Q2 and H1 came to TW…
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Anonymous
Very good overview of the weekly steel market.
Anonymous