Taiwan’s Tang Eng operation benefited by strong nickel price
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Update time : 2021-10-11 18:38:07
Tang Eng Iron Works Co., Ltd., one of the main stainless steel manufacturers in Taiwan, announced its latest turnover for September, reached NT$1.7 billion, increased by over 66% year on year, the highest monthly record in the recent 3 years.
In the first nine months of this year, the total turnover of Tang Eng Iron Works Co., Ltd., was around NT$12.4 billion, increased by approximately 47% from the same period last year.
From the view of Tang Eng Iron Works Co., Ltd., the bright financial performance was benefited by the increasing nickel price, which further stimulated the stainless steel market demand and price. Most of the market participants still showed optimism about its future operation.
