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Feng Hsin August Revenue Climbs 9.67% YoY, Steel Price Hikes Bolster Q4 Outlook
Non-Energy Minerals · Steel · economic_daily · 2026-09-09
2015
Feng Hsin reported August revenue of 2.3 billion TWD, up nearly 10% year-on-year, as rising steel prices and improved market demand signal potential margin recovery for the fourth quarter.
What Happened
August Financial Results: Feng Hsin reported August consolidated revenue of 2.3 billion TWD, a 9.67% increase year-on-year. Despite the revenue growth, the company faced margin pressure due to intense market competition and rising costs, resulting in lower operating and pre-tax profits compared to the same period last year.
Operational Resilience: Despite the monthly profit pressure, Feng Hsin's cumulative pre-tax profit for the first eight months reached 2 billion TWD, an 11% year-on-year increase. This performance highlights the company's ability to maintain a solid profit base through effective product mix optimization and cost management, even amid fluctuating revenue scales.
Market Demand Recovery: Driven by rising international raw material prices, domestic demand for steel rebar has rebounded. Feng Hsin has implemented consecutive price hikes for rebar, totaling 500 TWD per ton. Increased order volumes from major steel mills in central and southern Taiwan suggest that downstream customers are shifting from a wait-and-see approach to restocking.
Q4 Outlook: Looking toward the fourth quarter, the company is well-positioned to expand its margins if rebar price increases are successfully passed on to customers. Supported by the seasonal 'Golden September and Silver October' demand and ongoing construction needs, market sentiment remains cautiously optimistic regarding Feng Hsin's profitability for the remainder of the year.