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Tung Ho Steel sees better sales after Chinese New Year vacation
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Sunday, 22 Jan 2012
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Tung Ho Steel, one of the major rebar and steel sections producers in Taiwan, said that the company's shipping volumes of steel sections have decreased due to the weak market demand in Q4 2011 but the rebar shipping volumes have still stayed at the high level.
For the 2012, Tung Ho Steel said that if the global scrap price keep staying at the high level, the steel prices may have chances to rise further after Chinese New Year vacation.

Tung Ho Steel's total sales revenue in 2011 was TWD 37.917 billion, rising by 16.39% YoY.

Also, the company expected its shipping volumes in Q1 2012 would stay at the same level as the same time in 2011.

(Sourced from www.yieh.com)

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