CSC announces H1 results
China Steel Corp (CSC) of Taiwan announced its revenue as NTD 62.5 billion (approx. $1.8 billion) for the first half of the year. In addition, CSC recorded a pre-tax income of NTD 22.33 billion (approx. $654.85 million) for the same period. The good performance is anticipated to continue in the next half of the year. CSC has increased the fourth quarter prices of shipment orders by 3%. Furthermore, the company is aiming to expand its capacity in order to strengthen the competition advantage. CSC will invest NTD 4.7 billion for the second hot dipped galvanizing line which is scheduled to initiate in September 2003 and complete in December 2006.