Lin Dajun Re-elected as Chairman of Fong Hsing; Steel Market Outlook Better Than Last Year

Reported 7 months ago

During a shareholders' meeting on June 13, 2024, Fong Hsing Steel held elections for the next board of directors, with Chairman Lin Dajun successfully retaining his position. Lin stated that with the international economy showing positive trends, steel demand is expected to rise, indicating that this year's steel market will perform better than last year. In response to global carbon reduction trends, Fong Hsing will actively work towards carbon neutrality goals. Last year's revenue for Fong Hsing was NT$34.9 billion, a decrease of 9.64% from the previous year, but the company aims to improve through increased efforts in carbon reduction and meeting shareholder expectations.

Source: YAHOO

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