It’s reported that Chung Hung Steel, one of the major re-rollers in Taiwan may has positive sales profits in the fourth quarter and help the company to become slightly profitable in whole 2013, driven by better market demand in the given period of time.
Chung Hung Steel said that its net loss after tax was at around NT$178 million in the January-September period.
However, the rising steel prices in late September and October and firm orders in the fourth quarter may help the company to avoid loss and turn to gain sales profits of NT$100~NT$200 million in the whole of 2013.
To look into 2014, Chung Hung Steel said that its received order volumes in this January are about 160,000~170,000 tons and the company has hiked its export price for February.
Therefore, the company should be able to still have the good sales number in the first quarter of this year.
