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China Steel Corporation made a loss in November

Taiwan's largest carbon steel producer China Steel Corporation (CSC)...

China Steel Corporation made a loss in November

China Steel Corporation (CSC) announced its consolidated operating income in November at approximately NT$32.02 billion, down 1.1% from the previous month.

Consolidated net loss before tax was NT$2.767 billion, up 91% month on month in losses. The cumulative earnings before tax in the January-November period this year were NT$26.23 billion.

Supported by the high costs of steelmaking raw materials, major steelmakers in Europe, America and Asia have recently increased their prices and extended production cuts, indicating a recovery in the global steel market.

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