Hsin Kuang Steel, one of the major steel service centers in Taiwan, has announced its October combined sales revenue totaled NT$779 million, jumping by 35.45% from a month ago and soaring by 57.35% year on year. The company said that since it has received orders from Taichung Mass Rapid Transit (MRT) construction projects in the fourth quarter of this year, the company has to supply steel plates to this project until the fourth quarter of 2014. Besides, Hsin Kuang Steel has also supplied steel plates to Formosa Ha Tinh Steel Corp. (FHS)'s construction project in Vietnam, helping its sales to stay firmly in the fourth quarter. In the January-October period, Hsin Kuang Steel’s sales revenues amounted to NT$7.223 billion, rising by 15.89% year on year.
