Taiwan CSC gains profits in Feb, carbon steel sales jump 22%

During February, China Steel Corp (CSC), Taiwan's top integrated steel producer headquartered in Kaohsiung in southern Taiwan, shrugged off months of losses to achieve a pre-tax profit of TWD 69.3 million ($2.3 million), according to the company's latest release on March 23. In the previous month, the integrated mill had taken a TWD 1.09 billion pounding, as Mysteel Global reported.

Although the size of last month's profit was not huge, February was CSC's first profitable month since last September, according to CSC's available data. The uptick had resulted from the fact that carbon steel sales had recovered and CSC had also lifted the list prices of its major steel products,