Feng Hsin, one of the major rebar manufacturers in Taiwan, has calculated its combined sales revenue in October was NT$2.149 billion, increasing by 18% month on month but its operating income decreased 16% and its before tax net sales profit dropped by 20%. The company said that its rebar shipments have increased a lot in October and since the company has worked hard on its cost control and improved its product portfolio, it helped Feng Hsin's October gross sales profit rate to make better. To look into this November, both its order received and shipments have stayed firmly, but the profit that Feng Hsin can gain will depend on the future scrap cost and the rising power price.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=67044&division=A6
