[SMM Stainless Steel Flash] Chinese Taiwan's Tang Eng Recovers Profitability in Q1 as Stainless Steel Market Warms

Published: Jun 11, 2026 13:22

Save

Chinese Taiwan's Tang Eng Iron Works returned to profitability in Q1, rebounding from last year's financial difficulties. At the annual shareholders' meeting, Chairman Chao Chien-Tsai attributed the turnaround primarily to a gradual recovery in the global stainless steel market, where higher raw material costs lifted product prices, improving margins, product mix, and inventory valuations. A non-operating boost from rapid transit land expropriation provided additional support, though the revival of core operations drove the main improvement.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Jun 12, 2026 23:20

SMM Nickel Flash: NPI Prices Decline, Market Weak with Light Trading and Significant Price Divergences

[SMM Nickel Flash] The average price of SMM 10-12% high-grade NPI declined WoW by 1 yuan/nickel unit to 1,143.1 yuan/nickel unit (ex-factory, tax included), while the average Indonesia NPI FOB index price fell WoW by $0.35/nickel unit to $147.33/nickel unit. This week, the NPI market was overall weak, with futures trends becoming the core factor affecting spot pace. Trading throughout the week was generally light, price divergences were significant, and structural gaming persisted throughout.

Jun 12, 2026 23:20

Jun 12, 2026 23:18

SMM High-Grade NPI Market Sentiment Rises, Futures Rebound Boosts Spot Trades

[SMM Nickel Flash] June 12 - SMM high-grade NPI market sentiment factor was 2.28, up 0.02 MoM; the upstream sentiment factor for high-grade NPI was 2.73, up 0.01 MoM; and the downstream sentiment factor was 1.82, up 0.01 MoM. The rebound in futures today drove a slight recovery in market sentiment, with spot trades of NPI showing a periodical recovery, increased transactions in the market, and differentiated prices across regions and grades.

Jun 12, 2026 23:18

Jun 12, 2026 23:17

SMM High-Grade NPI Market Sentiment Rises, Futures Rebound Boosts Spot Trades

Jun 12, 2026 23:17