According to the president of Feng Hsin, the global scrap prices have dropped for about one month long and it should reach the bottom soon.

He added that the rising popular construction demand will help the company's sales to go up in the second half of 2012.

According to the president of the company, affected by these factors, Feng Hsin may have better sales in the second half of 2012.

Meanwhile, Feng Hsin's major steel products are rebar, round bar and small sections and its major market is Taiwanese domestic market.

Source - www.yieh.com)

(www.steelguru.com)