Yieh Hsing Enterprise Co., Ltd., one of the major wire rod manufacturers in Taiwan, reported a self-concluded revenue of NT$428.09 million in December last year, falling by 7.56% compared to the previous month and by 20.94% from the year-ago level.

In 2022, the cumulative revenue was around NT$6.83 billion, slightly decreasing by 2.7% compared to the result of 2021.

Due to the downturn in the steel market and falling steel prices, Yieh Hsin had an after-tax loss of NT$447.6 million in the first three quarters of last year. It was speculated that Yieh Hsin’s 2022 operating performance will decline.