Hsin Kuang Steel,Announced Its Combined Sales Revenue ,Increasing by 17.51% M-O-M

Hsin Kuang Steel, one of the major steel service centers in Taiwan, announced its combined sales revenue in last December totaled NT$829 million, increasing by 17.51% from November. Also, its combined sales revenue in the fourth quarter totaled NT$2.313 billion, soaring by 18.3% quarter on quarter. The rising year end demand and the better sales performance in export markets are the major factors that helped Hsin Kuang's sales revenue to rebound in last December. Furthermore, Hsin Kuang's total combined sales revenue in whole 2013 was NT$8.757 billion, rising by 13.44% year on year. To look into this January, Hsin Kuang said the coming Chinese New Year will still push the steel demand to stay high in local market. Besides, it has been expected that Taiwanese China Steel Corp. will raise its price for next March. Therefore, it may still help Hsin Kuang to have the good sales number in this January.