13
Jul
09:38
Feng Hsin’s June revenue falls on weakening prices
Feng Hsin Steel, a major electric arc furnace-based mill in Taiwan, has reported June revenue of TWD 3.42 billion ($115 million), down 9.35% month-on-month and 0.53% year-on-year, Kallanish notes.
Revenue in the first half of the year nevertheless still rose 17.5% on-year to TWD 20.8 billion.
Monthly profit before tax came to TWD 351m, a drop of 2.8% from May and 28.4% lower than a year earlier. This took net profit before tax to TWD 2.23 billion, which climbed b…
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Anonymous
Very good overview of the weekly steel market.
Anonymous