Taiwan's largest steelmaker China Steel Corporation (
CSC) has announced that in May this year its steel production volume dropped 1.13 percent month on month, decreasing to 770,653 metric tons, while the year-on-year decrease was 6.98 percent.
In May,
CSC's sales volume was 783,000 metric tons, decreasing by 3.96 percent as compared to April this year and down 9.81 percent year on year.
In the month in question, the steelmaker's sales revenues amounted to NTD 20.72 billion ($722.29 million), falling by 0.21 percent month on month and up 2.62 percent year on year, while its income before tax totaled NTD 3,31 billion ($115.31 million).