According to the announcement from the Hsin Kuang Steel, one of the steelmakers in Taiwan, its total turnover in the first quarter of this year showed NT$3.2 billion, increased by 20% quarter on quarter, and over 50% year on year.

Besides, the profit rate also increased, achieved 18% this time, which further stimulated the net operating profit after tax to reached NT$600 million, increased by 300% from the previous quarter.

Forecast to the future, the market participants were optimistic about Hsin Kuang Steel’s second-quarter operation, because of the hot market demand in the world. Among them, the total turnover for April showed NT$118 million, increased by 62% year on year, remained a high increase level.