Russian media reports suggest that state owned Taiwan’s biggest steel maker China Steel Corporation is concerned about reports that Russia is flooding the Taiwanese market with unreasonably cheap steel. China Steel Corporation said “Glut is pushing down prices and making it harder for Taiwan’s own steel makers to survive. Imports of Russian hot-rolled steel products at unreasonably low prices will not only disrupt the market order of supply and demand but will also put Taiwan at risk of being sued for anti-dumping by other countries if downstream steel users purchase low-priced Russia’s steel products and process them for export. The company is investigating what it calls Russia’s unfair trade practices.” China Steel Corporation also reported that the preliminary consolidated operating revenues in June 2022 totaled NTD 44.744 billion and consolidated operating income totaled NTD 3.765 billion, while income before income tax totaled NTD 4.297 billion. The sales volume of carbon steel in June 2022 totaled 0.806 million tonnes to take YTD sales volume to 4.678 million tonnes. CSC said “The increase in ASC surpassed that in ASP of steel department contributed to the lower consolidated operating income. In addition, the non-operating income was higher in this month because of KRTC's income from stabilization fund and the increase in foreign exchange gain.” Established in December 1971China Steel Corporation is the largest integrated steel maker in Taiwan. Its main steel mill is located in Siaogang District in Kaohsiung. The corporation and its sister companies are administrated under the CSC Group. Its annual output of crude steel is about 10 million tonnes. The main products are steel plates, bars, wire rods, hot-rolled and cold-rolled coils, electro galvanized coils, electrical steel coils, and hot-dip galvanized steel coils.
Russian media reports suggest that state owned Taiwan’s biggest steel maker China Steel Corporation is concerned about reports that Russia is flooding the Taiwanese market with unreasonably cheap steel. China Steel Corporation said “Glut is pushing down prices and making it harder for Taiwan’s own steel makers to survive. Imports of Russian hot-rolled steel products at unreasonably low prices will not only disrupt the market order of supply and demand but will also put Taiwan at risk of being sued for anti-dumping by other countries if downstream steel users purchase low-priced Russia’s steel products and process them for export. The company is investigating what it calls Russia’s unfair trade practices.” China Steel Corporation also reported that the preliminary consolidated operating revenues in June 2022 totaled NTD 44.744 billion and consolidated operating income totaled NTD 3.765 billion, while income before income tax totaled NTD 4.297 billion. The sales volume of carbon steel in June 2022 totaled 0.806 million tonnes to take YTD sales volume to 4.678 million tonnes. CSC said “The increase in ASC surpassed that in ASP of steel department contributed to the lower consolidated operating income. In addition, the non-operating income was higher in this month because of KRTC's income from stabilization fund and the increase in foreign exchange gain.” Established in December 1971China Steel Corporation is the largest integrated steel maker in Taiwan. Its main steel mill is located in Siaogang District in Kaohsiung. The corporation and its sister companies are administrated under the CSC Group. Its annual output of crude steel is about 10 million tonnes. The main products are steel plates, bars, wire rods, hot-rolled and cold-rolled coils, electro galvanized coils, electrical steel coils, and hot-dip galvanized steel coils.
