According to the statement made by Gloria Material Technology Corporation (GMTC), Taiwan's largest special alloy producer, at its corporate investor conference on November 30, the economic recovery in the world will continue in 2022 and will further stimulate the steel market demand.
He stated that after the easing situation of Covid-19 in the world, orders from GMTC, Boeing and Airbus both increased gradually and restarted about 60% of the Covid-19 impact.
Due to strong market demand, the company's operating margin also reached 25% in the first three quarters of this year, reaching its highest level in 14 years.
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