Tang Eng Iron Works Co., Ltd., one of Taiwan's leading stainless steel producers, reported its consolidated income in November was NT$1.25 billion, rising 3.6 percent month on month and 18.5% year on year. Consolidated income in the first 11 months increased by 15% year-on-year to NT$13.1 billion.
Tang Eng said that the current international stainless steel market is dull due to weak demand and that the company's performance will pick up once the market warms up.
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