Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Taiwanese steelmaker CSC’s Carbon steel sales volume in February fell to 736,343mt, down by 19pc January and down by 23pc from the prior year amid the Lunar New Year Holidays. The share of sales in the domestic market declining to 63pc from 71pc in January, according to the company’s preliminary results for February. In the Jan-Feb period, carbon steel sales totalled 1.61mt, with 67pc domestic sales.


CSC’s February operating revenues fell by 2pc to TWD30.108bn ($1.05bn) from January, while consolidated income before tax rose by 7pc from January to TWD3.85bn on improved steel prices. 


In the Jan-Feb period, operating revenues improved by 21pc from the prior year to TWD60.92bn. CSC’s consolidated income before tax in the Jan-Feb period was TWD7.46bn compared to a loss of TWD 2.05bn in the prior year. 


Last week, CSC raised its steel prices by 1.7pc on average for April shipment citing higher raw material cost, and 8.3pc on average for Q2 shipments, as reported by Davis Index.

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