20
Oct
07:19
Higher costs reduce CSC profit amid improved sales
Taiwan-based China Steel Corporation (CSC) says that, despite reporting a higher average selling price (ASP), higher average selling cost (ASC) ate into profit in September, Kallanish notes.
The firm sold 748,647 tonnes of carbon steel on a non-consolidated basis in September, down 4.12% from August and 7.87% year-on-year. Accumulated volume in the first nine months of the year thus declined 3.36% y-o-y to 7.25 million tonnes.
Despite a decline in sales volumes, …
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Anonymous
Very good overview of the weekly steel market.
Anonymous