Taiwan's CSC posts 3% MoM drop in May carbon steel sales

The volume of carbon steel products sold by China Steel Corp (CSC), Taiwan's top integrated steel producer, declined in May after the continuous recovery over the prior two months, with the total tonnage down 22,093 tonnes or 3.2% on month to reach 673,561 tonnes, according to the company's latest release on its website.

The on-month decrease suggested weakening steel demand from end-users, as frequent rainfall during the wet season disrupted outdoor construction activities on the island, Mysteel Global learned. Despite the decline in carbon steel sales, the Kaohsiung-based mill reported a substantial rise in its pre-tax profit in May, mainly thanks to the increase