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Taiwanese Chun Yuan Steel’s Q2 sales revenues soar by 14.48% q-o-q
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Chun Yuan Steel, one of the major steel service center and steel structure fabrication in Taiwan said its Q2 sales revenue was at NT$5.006 billion, soaring by 14.48% from a quarter earlier, the best number since Q4, 2008.
The firm said its Q2 sales revenue from steel plate remained at the same level as that in Q1. The increased income from its structure fabrication division helped the company's sales revenue to rise further in the Q2.
For the prospect, Chun Yuan Steel said because Taiwan's China Steel Corp. may cut its September prices, the firm expected its prices for new orders will drop slightly, causing its Q3 gross sales profits fall.
News Date
7/19/2012 1:30:17 PM
reported by
Johnny Lin
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