China Steel Corporation Reports 9% Dip in Steel Sales in Q1
China Steel CorporationSMS

China Steel Corporation Reports 9% Dip in Steel Sales in Q1

Taiwan’s top integrated steel producer China Steel Corp announced that steel sales in January-March quarter of 2021 declined by 8.7% YoY. Over January-

Taiwan’s top integrated steel producer China Steel Corp announced that steel sales in January-March quarter of 2021 declined by 8.7% YoY. Over January-March, CSC sold 2.49 million tonnes of finished carbon steel, down 236,434 tonnes compared with the same period last year. However, the company performed extremely well in terms of pre-tax profits, mainly thanks to the continuous growth in steel sales prices. The preliminary consolidated operating revenues in March 2021 totaled NTD 97,821,598 thousand. The preliminary consolidated operating income totalled NTD 12,489,188 thousand. The preliminary consolidated income before income tax totalled NTD 13,099,180 thousand.

The sales volume of carbon steel in March 2021 totalled 878,997 tonnes. The preliminary consolidated operating revenues in March 2021 totalled NTD 36,894,940 thousand. The preliminary consolidated operating income totalled NTD 5,388,143 thousand. The preliminary consolidated income before income tax totalled NTD 5,637,258 thousand.

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