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Rising Scrap Prices Bolster Tung Ho Steel's Outlook

Non-Energy Minerals · Steel · economic_daily · 2026-09-20

2006

Despite a cooling domestic real estate market, Tung Ho Steel remains optimistic about its performance, driven by strong demand for rebar and H-beams alongside widening margins.

What Happened

Financial Performance: Tung Ho Steel reported an 11% year-on-year increase in gross profit and a 34% surge in pre-tax earnings for the first half, highlighting effective cost management and margin expansion.

Core Product Resilience: Rebar and H-beams remain the company's primary revenue drivers, supported by ongoing demand from semiconductor facility construction, data centers, and public infrastructure projects.

International Expansion: The company's Vietnamese subsidiary, THSVC, continues to maintain balanced production and sales, benefiting from the country's growing infrastructure and construction needs.

Market Outlook: Entering the peak construction season in Q4, the company expects domestic scrap price trends to provide a solid floor for finished steel prices, supporting a positive full-year outlook.

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