Hsin Kuang Steel, one of the major steel service centers in Northern Taiwan announced its November sales revenues totaled NT$725 million, jumping by 61.23% from a month ago. Also, this is the second highest sales number over the past 15 months.

The firm indicated that the surged sales revenues were boosted by its products with competitive prices.

Meanwhile, Hsin Kuang Steel said that its received order volumes stayed firm in December as the steel market have bottomed out.

Hsin Kuang Steel expected to have better sales in the first quarter of next year once the steel prices continue rising.