Taiwan’s China Steel Corp hit a record profit in April

According to the financial report of China Steel Corporation (CSC), one of the largest steel producers in Asia, its total operating income before tax amounted to 61.69 billion Taiwan dollars, an increase of 9% over the previous month.

What’s more, CSC’s total turnover in the first 4 months of this year was NT $ 36.9 billion, an increase of only 2% over the month, but total operating income before tax was up 9%.

The main reason for the strong performance was the strong market demand for steel, which pushed prices up by about 8% in May and June, respectively.

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