Reported 11 months ago
China Steel Corporation (CSC) benefited from increased steel product sales prices and gross profits, with a consolidated pre-tax profit of 2.817 billion NT in the first five months, a 64% year-on-year increase. CSC expects global steel demand to grow by 1.7% this year as the manufacturing industry recovers, bringing steel demand back on a growth trajectory. CSC's cumulative consolidated revenue for May 2024 was 158.369 billion NT, a 1% annual increase, with consolidated operating profit at 1.704 billion NT, a 9% year-on-year increase.
Source: YAHOO