Taiwan’s largest steelmaker China Steel Corporation (CSC) has announced its preliminary financial results for the first three months this year.
In March, the company’s carbon steel sales volume totaled 668,136 mt, while in the January-March period its carbon steel sales volume amounted to 1.84 million mt.
In the first quarter, CSC’s operating revenues amounted to NTD 79.16 billion ($2.52 billion), decreasing by 4.8 percent year on year, while it recorded an operating loss at NTD 620.54 million ($19.75 million), compared to an operating profit of NTD 1.37 billion recorded in the same period last year. The operating revenues and the operating profit decreased due to the decrease in unit gross profit of the steel department.