Taiwan’s Tang Eng’s revenue decreases in Nov y-o-y on poor market demand
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Update time : 2022-12-12 20:11:21
Tang Eng Iron Works Co., Ltd., one of the main stainless steel manufacturers in Taiwan, reported its consolidated revenue of NT$1.25 billion in November, a month-on-month increase of 3.6% and a year-on-year decrease of 18.5%. The accumulated consolidated revenue in the first 11 months amounted to NT$13.1 billion, rising by 15% compared to the year-ago level.
Tang Eng said that the current international stainless steel market is sluggish with poor demand, and the company would rebound in its performance after the market gets warmer.
