Wedoany.com Report on Mar 9th, As global interest rates enter a downward cycle and demand for high-tech factory construction and public infrastructure projects continues to grow, Taiwan's steel structure industry is embracing new development opportunities. According to industry data, leading companies including Tung Ho Steel, CSC Steel Structure, and Evergreen Steel all achieved stable profits last year.
Tung Ho Steel saw a 5.38% increase in profit last year, with earnings per share reaching NT$6.47. CSC Steel Structure reported growth in both revenue and profit compared to the same period last year, with earnings per share at NT$3.19. Evergreen Steel achieved revenue of NT$11.51 billion in the first three quarters of last year, with earnings per share at NT$7.36, both higher than the previous year's levels, making it one of the more profitable companies in Taiwan's steel structure industry.
Industry insiders indicate that these three steel structure companies have already scheduled project plans, with workloads expected to continue until the fourth quarter of this year, and some projects extending into the first quarter of next year. Analysts predict that benefiting from extended order visibility, profitability is expected to improve further this year.
In addition to benefiting from public infrastructure projects, Evergreen Steel's investment in Shin Rong Enterprise's waste incineration facility recently completed upgrades, improving operational efficiency and providing stable returns for the parent company. Tung Ho Steel's rising H-beam steel prices and improved performance at its Vietnam factory jointly drove its fourth-quarter results to exceed expectations. Market analysts note that the electric arc furnace steelmaking process adopted by Tung Ho Steel generates lower carbon emissions compared to traditional steelmaking methods.
With the European Union's Carbon Border Adjustment Mechanism set to be implemented and Taiwan advancing its carbon emission pricing mechanism, demand for low-carbon steel structure products is expected to increase, particularly in export markets and green building projects. Driven by semiconductor manufacturers' expansion plans and urban renewal projects such as the construction of new premium office buildings across Taiwan, demand for CSC Steel Structure's products continues to grow. Analysts expect its profitability to improve this year.
