Taiwan-based China Steel’s (CSC) carbon steel sales in November fell to 885,290mt, down by 7pc from 830,162mt in November 2019 and down by a percent from October. Accumulated sales (Jan-Nov) stood at 9.27mn mt, a marginal decline of a percent from the prior-year period.
In November, around 66pc of CSC’s sales were in the domestic market while in Jan-May period, sales in the domestic market accounted for 68pc. Share of sales in the domestic market declined from 69pc in November last year.
Demand for finished steel in Taiwan has shown strong recovery since the lifting of COVID-19-related lockdowns.
In November, the steelmakers consolidated income before income tax totaled TWD2.35mn, down by 98pc from TWD13.82mn in the prior year. In October, the company’s consolidated income in November rose by 74pc from TWD1.35mn.