Chung Hung Steel, the subsidiary of Taiwan's China Steel Corp. has announced its November sales revenue totaled NT$3.124 billion, decreasing by 2.7% from a month ago. However, Chung Hung Steel said that its shipping volumes in November basically remained at the same level of October. In November, about 70% of the company's orders were from domestic market, driven by local buyers' active purchases. It's learned that most of domestic buyers were willing to purchase at the moment since they believed the steel market would rise further in the short term. For the prospect, Chung Hung Steel expected that its shipping volumes in December would rise and help its sale to increase.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=62126&division=A6
