Song Ho Industrial Co., one of the major wire products manufacturers in Taiwan said that its November sales revenue might be lower than October's due to the slow market demand in this November. However, since China Steel Corp. (CSC), the largest carbon steelmaker has announced to raise its price slightly for next January and February, it might help Song Ho to have better order collection in this December. Overall, the market analyst expected Song Ho's fourth-quarter shipping volumes could remain flat from the third quarter and the whole situation should help Song Ho to remain profitable in the fourth quarter.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=67586&division=A6
