Taiwan’s Ta Chen International benefits from strong stainless steel price
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Update time : 2021-03-02 18:03:02
According to the market views, Ta Chen International, Inc, one of the steelmakers in Taiwan, might benefit from the strong stainless steel price this year, which pushed Ta Chen International, Inc,'s stock price to increase over 10% in a recent week.
Among them, the total turnover of Ta Chen International, Inc, this January was around NT$6.3 billion, increased by 8.7% year on year, which was also a 15-month new high, also increased by 5.2% month on month.
The recent stainless steel price has stimulated by the strong nickel price in the world, expected to remain strong in the first quarter of this year.
