Taiwanese Chung Hung Steel might have profitable sales in Q1

Publish time: 19th March, 2013      Source: ChinaCCM
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Chung Hung Steel, one of the major carbon steel re-rolling mills announced its combine sales revenue in this February totaled NT$3.792 billion, falling by 9% from a month ago.

Also, its February shipping quantity has remained at 200,000 tons level.

For the prospect, it's expected that the rising steel price and the increasing booking orders may help Chung Hung Steel's March sales revenue to increase further.

Meanwhile, Chung Hung Steel forecasted to have profitable sales in the first quarter of this year since the company has gained profit from its in stock inventory in this January.