China Steel Corporation (CSC), Taiwan's largest carbon steel producer, reported a consolidated operating income of approximately NTD 247.2 billion (approximately USD 7.7 billion) for the period January-August 2024. During the same period, the company posted a consolidated operating profit of NTD 2.26 billion (approximately USD 70.4 million) and a net profit before tax of NTD 4.32 billion (approximately USD 134.6 million).
CSC's total carbon steel sales reached about 5.2 million tons from January to August, with sales of about 629,000 tons in August.
Chien-Chih Hwang, CSC's Executive Vice President, highlighted that demand for steel from public infrastructure projects and the construction sector remained strong throughout January-August. He also noted that the recent implementation of a domestic automobile self-production rate and stable car sales would help sustain demand for automotive steel. The overall steel market is also expected to gradually recover and stabilize.
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