CSC shows good performance for Q3

CSC shows good performance for Q3

Taiwanese steel mill China Steel Corporation (CSC) posted a profit of NTD 9.4 billion for the third quarter of 2003 with a %88 increase compared to same period last year due to the fact that traders in China bought more steel from overseas countries to take advantage from new import quotas. Futhermore, sales for the same period has increased by 29% and reached up to NTD 33.7 billion. This result increased company's annual profit expectation to NTD 36.3 billion from NTD 29.2 billion due to strong demand in Asian markets.