• 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

Germany Klöckner to acquire United States sheet me...
Finance and economy
07 Oct 2015 10:25
Mexico’s Minera Autan plans to reduce production c...
Finance and economy
07 Oct 2015 10:15
Glencore plans to cut 240 jobs in South Africa min...
Finance and economy
06 Oct 2015 13:42
US’s Valmont industry announces to acquire galvani...
Finance and economy
06 Oct 2015 10:13
Osaka steel plans to acquire Tokyo steel in next y...
Finance and economy
01 Oct 2015 11:02
Most Popular