Yeou Yih Steel, one of the major stainless steel heavy gauge plate makers in Taiwan said that the company's sales have returned to the positive level in the third quarter due to the new adjustment from its in stock inventory loss. Although the stainless steel market prices have kept staying at the low level in 2013, Yeou Yih still received better performance. It is said Yeou Yih's gross sales profit rate in the first three quarters of 2013 was 5.08% which has improved significantly from the figures in the same periods of 2012. To look into the fourth quarter, Yeou Yih said its fourth-quarter average selling prices should be higher than the prices in the third quarter and its order receive quantities have stayed firmly in this quarter. Therefore, the company's sales should be still profitable in the fourth quarter.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=67438&division=A6
