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Home Steel News Ta Chen’s operation expected to improve in H2
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Ta Chen’s operation expected to improve in H2

21 Jul 2023 15:04 reported by Joy Liu

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The stainless steel market was in a period of inventory adjustment in the second quarter of this year. The third quarter is not the traditional peak season for purchases, and the improvement in operations will actually appear in the fourth quarter. Market participants said that Ta Chen International, Inc.’s operation in the second half of the year was expected to be better than that in the first half.

The sales of Ta Chen's three major products, stainless steel products, aluminum products, and screws and nuts, were not as good as last year, mainly due to the poor economy and the slow inventory replenishment of downstream buyers. Aluminum products were particularly impacted. The sales in the aerospace and automobile industries were declining, and only industrial aluminum sheets kept relatively stable.

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