The Economic Roundup is an excerpted translation of the Chinese-language ROC Economic Yearbook published by the Economic Daily News, a sister publication of the Taiwan Economic News. The yearbook is the most comprehensive and authoritative source for understanding the fundamentals of Taiwan's economy, both in the macro and micro aspects. The excerpted translation gives foreign readers a concise view of the island's overall economic picture. It is divided into four parts: general economy, primary industries, secondary industries, and tertiary industries.
Secondary Industries > Steel Industry
Riding on the global economic upturn, the production value of Taiwan's steel industry posted an annual growth of 4.7% to reach NT$112.34 billion in 2005. Besides the rebound of international steel prices, the booming domestic demand for steel products, caused by the implementation of the mass rapid transit systems in Kaohsiung, southern Taiwan and the island's high speed railway system, also bolstered a further growth of the local steel industry.
