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PrintChih Lien Industrial Co., Ltd., one of the major manufacturers in steel bars and wires in Taiwan, said due to the 4 days holiday and the company's incentive tour in September; the company's working days in September was less than in August and it may cause the company's September sales revenue to drop.
In overall, since Chih Lien's third-quarter offer price has stayed firmly, and its raw materials cost has not raised a lot, Chih Lien should still profitable in the third quarter.
To look into the fourth quarter, since Taiwan's China Steel Corp. has increased its price for October and November and it is highly possibility that CSC to raise its price for December, helping Chih Lien can keep the positive view for its sales in the fourth quarter.
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