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China Steel posts profit in august

China Steel Corporation (CSC) based in Taiwan has announced a profit before tax of NT$42 million for the month of August, marking a turnaround from the losses incurred in July.

China Steel posts profit in august

This positive financial shift comes as CSC's delivery volume for August, which includes Dragon Steel, surged to approximately 1.011 million tons, representing a 12% increase compared to the 843,000 tons delivered in July.

CSC made concerted efforts to achieve a balance between profit and loss in the past month. The company's perspective on this turnaround is attributed to the interest rate hikes by European and American central banks.

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