Feng Hsin,one of the major electric furnace mills in Taiwan,has announced its pre-tax earnings in whole 2012 totaled NT$1.893 billion,lower than the results in 2011.
The company said its total sales volumes in whole 2012remained flat but its selling prices were not good in average.
Also,Feng Hsin said its annual sales revenues in 2012 amounted to NT34.199 billion,decreasing by 11%year on year.
For the prospect,Feng Hsin expected that the company would be still profitable in 2013.
Meanwhile,Feng Hsin said the rising scrap price will help to push up rebar prices in short term.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=62499&division=A6
