[SMM Stainless Steel Flash] Tang Eng Returns to Profit, Snapping 11-Quarter Losing Streak

Published: May 7, 2026 09:29

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Tang Eng Iron Works, a major Chinese Taiwan stainless steel producer, has returned to profitability in Q1 2026, posting a net profit of NT$114.12 million and ending 11 consecutive quarters of losses. EPS reached NT$0.33, a sharp turnaround from the NT$1.22 loss per share in the same period last year. While revenue dipped slightly to NT$2.474 billion, the recovery was driven by consistent price hikes implemented since last December.

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