Sinkang Industries, one of the major stainless steel service centers in Taiwan, has announced its sales revenue in last December was NT$367 million, rising by 13.6% year on year but falling by 16.04% year on year. It’s known that the company’s sales revenues have increased for consecutive two months, driven by higher LME nickel prices. The company said the rising stainless steel market prices helped it to receive higher orders and sell production with higher prices; however, the unpredictable nickel prices still made the firm face difficulty to make profits in the whole 2012. For the prospect, Sinkang Industries expected that the market situation more stable in 2013.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=62416&division=A6
