Feng Hsin, one of the major electric furnace mills and the major long steel products makers in Taiwan has announced its third-quarter financial report recently. According to its report, the company's gross profit rate has increased from 6.35% in the second quarter to become 7.06% in the third quarter. Also, its third-quarter after tax sales profit was at NT$313 million, rising by 18% from a quarter ago. Even though the third quarter is the traditional slow demand season for the Taiwanese long steel product mills, Feng Hsin's monthly shipping volumes have still stayed firmly at 130,000 tons level, remaining flat from the second quarter. Feng Hsin said they have done well in cost control and it is also the major reason to keep its sales can stay firmly.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=66978&division=A6
