Tang Eng Iron Works Co., Ltd., one of the major stainless steel producers in Taiwan, has successfully ended 11 consecutive quarters of losses, posting a net profit of NT$114.12 million for the first quarter of this year. Earnings per share (EPS) reached NT$0.33, a significant recovery from the NT$1.22 loss per share recorded during the same period last year.

Although revenue dropped slightly to NT$2.474 billion, consistent price hikes since last December drove the turnaround. Stainless steel market conditions are improving as global nickel prices gain strength.

After losing NT$1.65 billion in 2025 due to poor demand, the company has raised prices for six consecutive months through May. This positive momentum indicates that Tang Eng is on track to achieve an annual profit and snap its four-year run of yearly losses.