China Steel Corp (中鋼), Taiwan’s largest mill, said it intends to delay the maintenance of a furnace by about a month because of a steel shortage.
Regular repairs on its No. 1 furnace, which can produce 1.9 million tonnes of steel annually, will probably start in January instead of November or December, executive vice president Chung Lo-min (鍾樂民) said by telephone yesterday.
The plant will be shut for more than four months, he said.
China Steel, which has an annual capacity of 10 million tonnes, is delaying the stoppage as the economic recovery is boosting steel demand.
Taiwan’s economy could return to growth in the October-to-December period following five straight quarters of contraction, the government’s statistics bureau said last month.
“There’s a shortage in the market as demand seems to be improving,” Chung said from Kaohsiung, where the company is located.
China Steel’s unit, Dragon Steel Corp (中龍), intends to start its first furnace, which will be able to produce 2.5 million tonnes of steel a year, in February, Chung said last month.
The new furnace will help make up for a shortfall from the closure of its No. 1 furnace, he said yesterday, without elaborating.
China Steel fell 1 percent to NT$30.65 on the Taiwan Stock Exchange.
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) is expected to share his views about the artificial intelligence (AI) industry’s prospects during his speech at the company’s 37th anniversary ceremony, as AI servers have become a new growth engine for the equipment manufacturing service provider. Lam’s speech is much anticipated, as Quanta has risen as one of the world’s major AI server suppliers. The company reported a 30 percent year-on-year growth in consolidated revenue to NT$1.41 trillion (US$43.35 billion) last year, thanks to fast-growing demand for servers, especially those with AI capabilities. The company told investors in November last year that
Taiwanese suppliers to Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) are expected to follow the contract chipmaker’s step to invest in the US, but their relocation may be seven to eight years away, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday. When asked by opposition Chinese Nationalist Party (KMT) Legislator Niu Hsu-ting (牛煦庭) in the legislature about growing concerns that TSMC’s huge investments in the US will prompt its suppliers to follow suit, Kuo said based on the chipmaker’s current limited production volume, it is unlikely to lead its supply chain to go there for now. “Unless TSMC completes its planned six
Intel Corp has named Tasha Chuang (莊蓓瑜) to lead Intel Taiwan in a bid to reinforce relations between the company and its Taiwanese partners. The appointment of Chuang as general manager for Intel Taiwan takes effect on Thursday, the firm said in a statement yesterday. Chuang is to lead her team in Taiwan to pursue product development and sales growth in an effort to reinforce the company’s ties with its partners and clients, Intel said. Chuang was previously in charge of managing Intel’s ties with leading Taiwanese PC brand Asustek Computer Inc (華碩), which included helping Asustek strengthen its global businesses, the company
Power supply and electronic components maker Delta Electronics Inc (台達電) yesterday said second-quarter revenue is expected to surpass the first quarter, which rose 30 percent year-on-year to NT$118.92 billion (US$3.71 billion). Revenue this quarter is likely to grow, as US clients have front-loaded orders ahead of US President Donald Trump’s planned tariffs on Taiwanese goods, Delta chairman Ping Cheng (鄭平) said at an earnings conference in Taipei, referring to the 90-day pause in tariff implementation Trump announced on April 9. While situations in the third and fourth quarters remain unclear, “We will not halt our long-term deployments and do not plan to
RSS