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Wei Chih Steel Returns to Profit in Q3 with EPS of 0.06
Non-Energy Minerals · Steel · economic_daily · 2026-11-09
2028
Wei Chih Steel reported a Q3 turnaround with a net profit of NT$20 million, reflecting improved operational efficiency despite ongoing challenges in the construction steel market.
What Happened
Q3 Turnaround: Wei Chih Steel announced its Q3 financial results, showing a net profit of NT$20 million, a significant improvement from the NT$40 million loss in the same period last year. Quarterly revenue reached NT$1.97 billion, with an EPS of 0.06, bringing the year-to-date EPS to 0.43.
Market Challenges: The domestic steel rebar market remains under pressure due to cautious procurement by construction firms and volatile raw material costs. These factors have made it difficult for manufacturers to expand profit margins despite steady output levels.
Global Market Dynamics: Production restrictions in Northern China due to environmental policies have provided some support for Asian steel prices. However, the impact on the Taiwan market remains limited, as local prices are primarily driven by domestic construction demand and scrap steel costs.
Future Outlook: The company's performance in Q4 will depend on the recovery of public and private construction projects. Maintaining a healthy spread between scrap costs and finished product prices remains critical for sustaining profitability in a competitive market.