Tang Eng Iron Works Co., Ltd., a major stainless steel producer in Taiwan, expects a turnaround in the second half of the year after a challenging first six months. The company reported a net loss per share of NT$2.54 for the first half of the year due to a sluggish market.

However, with external factors such as US tariffs and exchange rates stabilizing, the company foresees a significant improvement. Indonesia's Tsingshan recently increased its stainless steel price by US$100/ton, a sign that steel mills are restocking inventories.

Tang Eng aims to reduce its losses in the third quarter and target a return to profitability by the fourth quarter as it increases production and secures more orders.