Taiwan's largest steelmaker China Steel Corporation (CSC) recently announced that in 2012 it registered an operating revenue of NTD 207.19 billion ($7 billion), while its net income amounted to NTD 5.81 billion ($194.5 million).
CSC stated that it will start revamping its blast furnace No. 1 in the current month. The modernization works are scheduled to be completed in June 2015 with a total investment amount estimated to be NTD 1.3 billion ($43.5 million).
Additionally, CSC will install quenching equipment for its plate mill. The new equipment will increase CSC's annual quenched plate production capacity by 1,700 mt once the project is completed. The project will start in April 2013 and is expected to be completed in August 2015. Total investment is expected to be NTD 2.18 billion ($73 million).