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Ta Chen Stainless Pipe Sees 46% YoY Revenue Growth; Analysts Project 2024 EPS of NT$5.5
Non-Energy Minerals · Other Metals/Minerals · economic_daily · 2026-09-09
2027
Ta Chen Stainless Pipe reported August revenue of NT$12.38 billion, marking a 46% year-on-year increase. Analysts maintain a positive outlook, projecting an annual EPS of NT$5.5 driven by robust demand in the North American steel and aluminum markets.
What Happened
Revenue Performance: Ta Chen Stainless Pipe posted August revenue of NT$12.38 billion, representing a 46% year-on-year increase despite a slight 1.8% month-on-month dip. Institutional analysts noted that these figures align with market expectations, indicating stable operational momentum.
Market Outlook: Analysts anticipate that strong demand in the North American steel and aluminum sectors will persist throughout the third quarter. Consequently, the company is well-positioned to maintain high revenue levels, with projections suggesting an annual EPS of NT$5.5 for the current fiscal year.
Raw Material Trends: Nickel and aluminum prices have experienced consolidation over the past quarter, with nickel prices down approximately 12% from May highs due to sluggish demand. Similarly, aluminum prices have fluctuated between US$3,100 and US$3,300 per ton, reflecting an 11% decline from late May peaks as the market awaits a demand-driven recovery.
Supply Dynamics: China's implementation of aluminum production caps and the removal of export tax rebates have significantly mitigated global supply growth. Future price appreciation for aluminum will likely depend on whether global demand can strengthen sufficiently to offset current market headwinds.