Taiwanese Chun Yu’s consolidated revenue increases in Aug y-o-y
12 Sep 2022 18:01 reported by Stanley Wang
Chun Yu Group, a Taiwanese screw manufacturer, belonging to Taiwan Steel Group (TSG), announced that its cumulative consolidated revenue in August totaled NT$764 million, dropping by 3.7% year on year.
Chun Yu said that the global market was still at high inflation, which made many countries continue to increase interest. Therefore, the market activity was low, further impacting its financial performance. Because the EU imposed anti-dumping duties on China’s products, Chun Yu’s inquiries from Europe increased.
Besides, with China’s lockdown easing, customers from China planned to refill their inventories. Therefore, the sale performance in China kept stable.
Apart from that, South Korean POSCO was impacted by the typhoon, which might increase steel prices.
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