Fasteners Plants Striving for Exports in Q3

The epidemic of the new novel pneumonia is very popular. The export of screws is facing the dilemma of blocking transportation and circulation. The main factories Chunyu and Juheng face the test and respond actively. The legal person estimates that the next season should be the key point to meet the upturn.

According to analysis, the global epidemic has entered a peak period, and the international trend of locking ports, closing cities, closing markets, and locking countries has continued to increase. Taiwan is the world 's screw kingdom, but the current steel export is first facing shipping difficulties, and the land transportation to the destination country is also the same. Frustrated, the problem is difficult to solve in a short period of time. Only by waiting for the epidemic to subside can it be completely clear.

Chun Yu pointed out that the global steel market situation last year was affected by the increased uncertainty caused by the Sino-US trade war, which affected overall sales and average selling prices. By diversifying the market to balance supply and demand, Taiwanese businessmen returned and infrastructure construction continued to promote. Domestic demand increased steadily; Indonesia Fasteners in the market continued to flourish, and the capacity utilization rate after the expansion of the Spring Rain Indonesia plant continued to increase, supporting the development of the US market and supporting the operating performance in 2019.

The rapid spread of the new pneumonia epidemic worldwide this year will strengthen the strategy of resource integration, expand the division of labor in the international market, and develop high value-added products to cope with the uncertainty of the environment.

Chunyu said that as long as the epidemic subsides, it still holds a positive view on the markets of Taiwan and Indonesia. At the same time, it is happy to wait for the deferred demand arising from the epidemic. Currently, Chunyu has a process upgrade plan to develop special steel grades of nodular wire, while strengthening the track and wind High-margin and high-value-added special products such as power generation system fasteners, by adjusting product mix to optimize gross profit, accumulate mid- and long-term camp sports energy.