Taiwan’s CSC posts lower operating revenues for Q1

Wednesday, 26 April 2023 13:35:35 (GMT+3)   |   Istanbul

Taiwan’s largest steelmaker China Steel Corporation (CSC) has announced that in March this year its carbon steel sales volume totaled 691,344 metric tons, while in the January-March period its carbon steel sales volume amounted to 1.91 million mt.

In March, CSC’s operating revenues amounted to NTD 33.85 billion ($1.1 billion), up by 8.3 percent month on month. In the given month, the company’s operating income totaled NTD 937.6 million ($30.53 million), compared to a NTD 67.51 million income recorded in the previous month.

In the January-March period this year, CSC’s operating revenues amounted to NTD 91.34 billion ($2.97 billion), decreasing by 20.7 percent year on year. In the given period, the company’s operating loss totaled NTD 26.03 million ($847,772), compared to a NTD 13.47 billion operating income recorded in the same period last year.

DamlaTükenmez
Damla Tükenmez
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I graduated from the Department of English Language and Literature at Kocaeli University. Since 2020, I have been producing content focused on the steel industry. At SteelOrbis, I write industry news on a wide range of topics, including EU and UK trade measures, regulatory changes, quota utilization, and the statements and views of organizations representing the Turkish steel sector.

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