The president of Feng Hsin, one of the major carbon steel long product makers in Taiwan said that the global economic situation has turned to good side.

Furthermore, he added that once China's steel oversupply situation is improved, it will be good news from whole steel industry in Asia.

Feng Hsin said that the company’s January and February orders have been full booked; therefore, the company might still be able to remain good sales in the first half of 2013.