【SMM Steel】Taiwanese Quintain's consolidated revenue increases in April y-o-y
【SMM Steel】Taiwanese wire rod manufacturer Kuan Tien Steel announced that its consolidated revenue for April was approximately 253 million TWD (equivalent to approximately 7.8 million USD), representing a year-on-year increase of 6.85% and a month-on-month rise of 13.63%. Consolidated revenue for the first quarter stood at approximately 670 million TWD (equivalent to approximately 20.6 million TWD), marking a year-on-year decline of 8.43%. The company stated that the overall steel market has improved this year, with steel prices rising significantly and restocking demand from downstream sectors gradually emerging; full-year operating performance is expected to outperform last year’s figures.