Due to the decreasing steel market price, Taiwan’s Hsin Kuang Steel said its second-quarter combined sales revenues dropped by 17% from a quarter ago.
In the first half of this year, Hsin Kuang Steel's combined sales revenue was 14% higher than the figures in the same period of 2012.
Market analysts expected Hsin Kung Steel should be only have limit loss from its in-stock inventory and exchange rate loss, but the decreasing steel average selling price may cause the company’s second-quarter sales profit number will not perform as good as the figures in the first quarter of this year.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=65465&division=A6
