26
Apr
10:24
China Steel Corporation profits soar in first quarter
Taiwan’s China Steel Corporation (CSC) saw its pre-tax profits soar 549% year-on-year to TWD 5.39 billion ($178.18 million) in the first quarter of 2017. Higher steel prices offset higher costs and it is continuing to hike prices, Kallanish notes.
CSC hiked its prices by 12.6% quarter-on-quarter in Q1, and achieved actual prices of around TWD 25,250/tonne on shipments of 2.7 million tonnes over the quarter. Its total revenues rose by 27.7% to TWD 82.98 bil…
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Anonymous
Very good overview of the weekly steel market.
Anonymous