China Steel Corp. (CSC), the largest steelmaker in Taiwan said Tuesday that its Q3 pretax profits totaled NT$5.40 billion, dropped by 46% from 9.99 billion in the Q2, affected by lower sales and higher iron ore costs.

In addition, the firm indicated that its sales revenue in the Q3 decreased to NT$61.87 billion from NT$63.63 billion in the Q2.

Meanwhile, CSC produced 2.2 million tons of steel in the Q3.