It is reported that Taiwanese coated steel makers Yieh Phui and Sysco reported better profit due to increase in steel price.
As per report, Yieh Phui and Sysco's gross profit margins have been increased by more than 10% as steel demand recovered.
However, their profit for the fourth quarter may drop again due to high raw material costs despite China Steel Corporation has cut its price for December.
(Sourced from YIEH.corp)
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