Taiwan-based China Steel Corporation’s (CSC) non-consolidated carbon steel sales volume rose by 17.29pc or 127,349mt in July to 863,768mt from the prior month, according to preliminary release. Domestic sales were 72pc of the total sales volume in July. For the Jan-July period, the company reported sales volume of 5.91mn mt, with 69pc domestic sales.
CSC’s consolidated revenues in July rose by 3pc to NT$24.68mn from the prior month. The company managed to narrow its loss before tax by 30pc from June. In July, loss before tax was NT$291,282.
In Jan-July, the company’s consolidated revenues dropped by 21pc to NT$175.21mn compared to NT$221.87mn in the prior year period. In the seven-month period, CSC’s loss before tax was NT$4.11mn compared to a profit of NT$11.62mn in the prior year period.
In H1, CSC’s non-consolidated steel sales volume was 5.05mn mt, with 68pc or 3.44mn mt steel sold in the domestic market. On a consolidated basis (CSC and BF products of Dragon Steel), H1 sales volume was 6.79mn mt, with 63.02pc or 4.28mn domestic sales.
CSC is an integrated producer with a capacity to produce 9.9mn mt crude steel. The company has its major production base in Kaohsiung, Taiwan. CSC group’s total steel capacity is 16mn mt. The company is a leading producer of flat steel in Taiwan and exports majorly to China, Japan, the Philippines and South East Asian countries.