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Taiwan CSC’s Apr carbon steel sales down, profits grow

ABSTRACT

Carbon steel sales of China Steel Corp (CSC), Taiwan’s top integrated steel producer, reversed down by 8.6% on month in April after the rise in the prior month, while the steelmaker’s pre-tax profits grew by another 9% on month thanks to higher steel prices, a company official confirmed on Monday.
Last month, the integrated millheadquartered in Kaohsiung, South Taiwan,sold803,315tonnesof finished carbon steel to local buyers, down 75,682 tonnes on month or lower by 54,185 tonnes on year, according to the company’s release on May 17. “The decrease in last month’s carbon steel sales was due to the public holiday over April 2-5 (because of the Children’s Day

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