Reported about 1 year ago
The steel industry's economy has been slowly picking up, but the steel structure industry is benefiting from factors such as active real estate market, continuous demand for high-tech factory construction, and the booming trend of offshore wind power. Capacity is already filled up to next year for companies like CSC (2013), Tung Ho Steel (2006), Chang Iron (2211), and Shijeh Steel (9958) due to outstanding performances. Despite lower-than-expected interest rate cuts by the US Federal Reserve, the steel construction sector is thriving due to strong demand, particularly driven by housing market incentives, high-tech industry development, and offshore wind power projects. These factors have led to full production capacity and overflowing orders for steel structure companies in the industry.
Source: YAHOO