Taiwanese Steel Giant CSC’s Rolls over Steel Prices for August

• Tuesday, July 20, 2021
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[Ferro-Alloys.com]

 

Taiwan’s biggest steelmaker China Steel Corp would keep prices in the domestic market unchanged next month, despite surges in iron ore and coking coal prices. CSC said “We’ve held prices steady for August so businesses do not have to fret about their orders. We hope that domestic steel-dependent businesses can work together and take this opportunity to plan their future production accordingly.”

 

China Steel Corp also said that it’s total carbon steel sales for the first half of 2021 declined by 128,943 tonnes or 2.6% on year to 4.9 million tonnes. The on-year decrease was attributed to the fact that the company’s No 2 blast furnace was not operating at full capacity in the first quarter of this year, though it had resumed operations at the end of 2020 after an overhaul,

 

H1 Financial Performance

 

Consolidated Operating Revenues – NTD 213 million, up 42%

 

Consolidated Operating Income – NTD 33 million, up 873%

 

Consolidated Income Before Income Tax – NTD 35 million, up 822%

 

source：SteelGuru Business News

 

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