Taiwanese structure steel mills receive impressive orders in 2024
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Update time : 2024-04-08 16:59:20
At present, Taiwan's steel industry is recovering gradually. Taiwan's Tung Ho Steel's order-taking schedule has reached the end of 2024, and its sales performance in the past two years has been outstanding. Last year, its H-section steel accounted for approximately 65% of the market in Taiwan.
In addition, 60% of Tung Ho Steel's orders are for commercial offices and factories. Related revenue is gradually increasing, and gross profit margin is also expected to rise from 4-5% to 10-13%; the overall order volume and price are both boosting.
Besides, the revenue of Taiwan's China Steel Structure Co. (CSSC) has been stimulated by the expansion of technology factories. Last year's net profit after tax increased by 11.82% year on year to NT$536 million, and construction orders for factories and buildings have grown steadily this year, and its performance is expected to be better than in 2023. Furthermore, Taiwan Semiconductor Manufacturing Company (TSMC) has set up a factory and expanded investment in Kaohsiung, Taiwan, which will be a big plus for CSSC's future orders.
