UEX, a steel trading company, surged in afternoon trading on the 22nd to reach its highest level since 2023. The company is reportedly raising its earnings forecast for the fiscal year ending March 2027, with strong semiconductor demand believed to be the driving force.
UEX, a steel trading company, surged in afternoon trading on the 22nd to reach its highest level since 2023. Trading is believed to have gained momentum that afternoon.
The company was reportedly raising its earnings forecast for the fiscal year ending March 2027, in an announcement believed to have been made the same day. Robust semiconductor demand has been cited as a factor supporting the company’s share price.