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Taiwanese Tung Ho Steel gives conservative estimate for H2 steel market
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According to the President of Tung Ho Steel, one of the major H beam producers in Taiwan, the company keeps conservative estimate for steel market in the second half of this year as the economies of Portugal, Italy, Greece and Spain (PIIGS) have still caused the trouble for global economic market, the economic condition in the US seems not as good as expected, and the surged power prices in Taiwan has led weak industrial demand.
Meanwhile, in order to help the company win for higher sales revenue and profit, Tung Ho plans to re-develop the company's high tension and high value-add steel products in its Taoyuan plant.
News Date
6/25/2012 3:58:01 PM
reported by
Jack Lee
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