Taiwan’s largest steelmaker China Steel Corporation (CSC) has announced that in December 2019 its carbon steel sales volume totaled 882,824 mt, increasing by 6.3 percent compared to November, accounting for 67 percent of domestic sales.
In December 2019, CSC’s operating revenues amounted to NTD 29.103 billion ($1.84 billion), increasing by 5.2 percent compared to November. In the given month, the company’s operating loss totaled NTD 1.17 billion ($74.66 million), 882 percent higher than the loss recorded in November.
CSC has decided to start announcing new monthly benchmark prices, just like Vietnam-based Formosa Ha Tinh. It will begin with the announcement of its April benchmark price in February.
