• 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

Taiwan’s Feng Hsin announces pre-tax profit of NT$...
Finance and economy
07 Dec 2016 12:00
Voestalpine AG announces its net profit up by more...
Finance and economy
06 Dec 2016 11:46
Germany ThyssenKrupp announces its sales performan...
Finance and economy
06 Dec 2016 11:30
US economy better than forecast will push steel ma...
Finance and economy
25 Nov 2016 11:41
AK Steel Q3 revenues drop by 2.6% ...
Finance and economy
22 Nov 2016 12:04
Most Popular