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Taiwanese Chih Lien Industrial expects better sales in March

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Chih Lien Industrial, one of the major steel wire product makers in Taiwan said that though the company’s current selling prices were not as good as forecast, its received order volumes have already returned to the normal level.

Therefore, Chih Lien Industrial expected that its sales revenue in March might be higher than that in this February.

The company said because it has still used the high-priced raw material, the company's Q1 gross profit rate might be lower than that in last Q4.

However, if China Steel Corp. (CSC), the largest steelmaker in Taiwan raises its price again in June, it may help Chih Lien Industrial's Q2 sale prices to go up further, helping the company to have better sales revenue in the whole Q2.
News Date 19 Mar 2012 14:42:50 reported by Jack Lee

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