Tung Ho Steel, one of the major H beam and rebar manufacturers in Taiwan has announced that its third-quarter combined sales revenue totaled NT$7.915 billion, falling by 10.5% from the previous quarter. However, due to the rising steel price and the new plant efficiency, it helped Tung Ho's gross sales profit rate to rise slightly from 10.18% in the second quarter to become 10.32% in this quarter. Also, Tung Ho's October combined sales revenue was NT$2.928 billion, rising by 5.54% from a month ago. To look into the fourth quarter, due to the coming hot demand season in Taiwan domestic construction market, its fourth-quarter business operation should be able to keep staying firmly.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=67133&division=A6
