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Feng Hsin Rebar Sales to Neutralize Declines Elsewhere

Steel News - Published on Mon, 16 Sep 2019

Image Source: steelguru.com
Feng Hsin Steel Co said that additional public infrastructure projects and building permits would boost its rebar sales this year, offsetting a decline in round bar and merchant bar sales. Mr Potter Chuang marketing department manager told an investors’ conference in Taipei said that rebar sales climbed 13.49% YoY in the first eight months, while sales of merchant and round bars dropped 13.2% and 29.34% respectively. However, the nation’s steel market remains sluggish, as overall imports and exports of scrap, rebar, merchant bars and round bars have all declined this year,

Mr Chuang said that “We have seen the largest declines in sales and profits since the financial crisis in 2008.”

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Posted By : Rabi Wangkhem on Mon, 16 Sep 2019
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