Reported about 1 year ago
Taiwan's China Steel Corporation (CSC) announced its May revenue reflecting a 60%+ increase in pre-tax net profit for the first five months of the year, thanks to the steady global trade recovery and increasing economic momentum. CSC attributes the profit boost to rising steel industry sales prices, unit gross margins, and advantageous engineering contract adjustments, along with increased dividends from mining investments and favorable foreign exchange gains. With Taiwan's strong export momentum and the overall global steel demand outlook, CSC anticipates a positive growth trend ahead with the steel industry expected to return to normal growth trajectory.
Source: YAHOO