Carbon steel sales by Taiwan-based China Steel Corporation (CSC) fell to 776,542mt in August from 863,768mt in July. Amid weak economic conditions due to the COVID-19 pandemic, demand for steel in the country remains hit, pressuring the company’s sales. Of the total August sales, the company sold 64pc in the domestic market compared to 72pc in July.

 

CSC’s consolidated operating revenue in August, however, rose to TWD25.83bn from TWD24.68bn in the preceding month, a rise of 5pc. In the Jan-Aug period, the consolidated operating revenue fell by 20.49pc to TWD201.04bn compared to the prior-year period. In the period, consolidated operating income plummeted to TWD3.93bn, a drop of 131pc.

 

Carbon steel sales volume in the Jan-Aug was 6,691,250mt, of which 68pc was in the domestic market.

 

($1=TWD29.12)

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