Mayer Steel Pipe, one of the major welding pipe manufacturers in Northern Taiwan said that its gross profit rate in this third quarter dropped to 5.72%, decreasing by 1.87 percent points from 7.59% in a quarter ago due to decreased market prices and the loss from inventories.
The company's major products are welding pipes for construction and machinery usage.
For the prospect, the firm expected that its gross profit rate would be improved in the fourth quarter as the steel prices might not slide further in the period