Taiwan’s China Steel Corporation faces bright performance on its financial performance in Oct
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Update time : 2020-11-17 16:41:08
According to the financial report from the China Steel Corporation, one of the leading steelmakers in Taiwan, its total income before tax was around NT$1.35 billion, increased by over 200% month on month, which was also a new record high in the near 16 months.
The main reasons for the bright performance were benefited by the increasing steel demand and market price, plus the raw material cost such as coking coal showed a decline, which stimulated the profit margin space to skyrocket.
In the last quarter this year, CSC mentioned it would be kept hot, and the income for the whole of 2020 could face positive.
