Taiwan’s CSC posts lower operating revenues for January-July

Monday, 28 August 2023 12:20:35 (GMT+3)   |   Istanbul

Taiwan’s largest steelmaker China Steel Corporation (CSC) has announced that in July this year its carbon steel sales volume totaled 610,673 metric tons, while in the January-July period its carbon steel sales volume amounted to 3.47 million mt.

In July, CSC’s operating revenues amounted to NTD 28.22 billion ($883.92 million), down by 6.6 percent month on month. In the given month, the company’s operating loss totaled NTD 1.14 billion ($35.86 million), compared to a NTD 158.46 million income recorded in the previous month.

In the January-July period this year, CSC’s operating revenues amounted to NTD 214.92 billion ($6.73 billion), decreasing by 25.4 percent year on year. In the given period, the company’s operating income totaled NTD 266.81 million ($8.35 million), compared to a NTD 28.50 billion operating income recorded in the same period last year.

ElifKefeli
Elif Kefeli
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I graduated from Yeditepe University’s Department of Translation and Interpreting Studies in 2017. I joined SteelOrbis in 2021, where I currently work as a content specialist. I am writing news reports and industry-related content with a special focus on decarbonization, green steel, sustainability, and recycling.

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