• Steel Market Insider

    We strive to let you one step ahead of the market

Steel News
Advanced search
    Key words
  • Search By
  • Date
  • Classification
  • Region
Advanced search

Taiwanese CSC posts earnings in March

  • A
  • A
  • A
Reportedly, Taiwanese China Steel Corp. (CSC) posted pretax earnings of NT$329 million in March, terminating operating losses for three consecutive months.

Despite of selling 810,000 metric tons of steel products in March, CSC still had to rely on non-core businesses for earnings due to high production cost in the same month.

Institutional investors believe that CSC will post revenue gains in the second quarter because of the increasing wholesale prices on products for April and May delivery and expected decline in production costs of said to be more than NT$500/ton.

It is predicted that the wholesale prices on CSC's major products for June delivery to remain at the same level as in the month earlier, indicating a slow-changing in steel market.
News Date 17 Apr 2012 09:45:44 reported by Ren Jhuang

Indonesia’s steel import value falls in May...
Finance and economy
03 Jul 2015 13:34
General Cable sells Asian operations ...
Finance and economy
01 Jul 2015 12:31
Mechel posts net loss for Q1...
Finance and economy
25 Jun 2015 09:33
Japan crude steel output keeps falling for 9 month...
Finance and economy
23 Jun 2015 16:43
Gerdau expects Brazilian steel market to resume in...
Finance and economy
19 Jun 2015 09:23
Most Popular