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Taiwanese steel industry’s profits to reduce by 3%~5% on higher electricity charges

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It’s reported that Taiwanese steel industry’s profits may reduce by 3%~5% due to higher electricity charges.

According to the analysis of Morgan Stanley and Deutsche, Taiwanese industries including steel, cement and integrated circuit board will be impacted by the increased electricity charges.

The analyst in Morgan Stanley predicted that the consumer price index (CPI) will increase 0.44 percentage point if the electricity charges increase by 20%. As a result, Taiwanese industry’s profits will decrease by 1%.
News Date 29 Mar 2012 10:39:54 reported by Frio Chou

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