Tycoons Group, one of the major wire products manufacturers in both Taiwan and Thailand market, said the company's orders for wire rod and wire products have been booked until this April. It is expected that the local price of wire products in second quarter of 2013 will up to US$750~780/ton.
Tycoons said the company's combined sales revenue in this February should stay at the same level as in this January and it is highly chance that Tycoons Group's total sales revenue in whole Q1 will be higher than last Q4.
The market analyst indicated that since the wire rod price has kept going up in the market, Tycoons Group may earn extra profits from its low price stock source and help the company to have the positive sales revenue number in this Q1.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=63179&division=A4
