China Steel Corporation (CSC), the largest carbon steel manufacturer in Taiwan, reported that its revenue was NT$29.862 billion in November, a month-on-month increase of 2.8% and a year-on-year decrease of 6.7%. The operating profit was NT$1.264 billion, a monthly surge of 144% and turning into profits compared with the same period last year.

In the first 11 months of this year, CSC’s revenues amounted to NT$333.847 billion, down by 20.3% year on year. In the given period, the operating profit was NT$2.67 billion, a year-on-year drop of 87.2%.

CSC said that the increase in the steel industry's sales in November pushed up the company’s revenue and operating profits, but the decrease in dividends from mining investments also reduced its non-operating income.