Posted on 29 Jul 2025
China Steel Corp (CSC), Taiwan's top integrated steel producer headquartered in South Taiwan's Kaohsiung, posted an on-year fall in its carbon steel sales of 177,276 tonnes or 4.5% during this year's January-June period to reach 3.78 million tonnes, according to the company's latest release on its website.
The decrease in its carbon steel sales caused CSC to report a pre-tax loss of TWD 1.57 billion ($53 million) for the first half of this year, a sharp fall compared with the pre-tax profit of TWD 3.5 billion it earned during the same period last year, the release on July 25 showed.
For June alone, CSC's carbon steel sales came in at 604,277 tonnes, slipping by 98,691 tonnes or 14% on month and ending the continuous rise over the prior four months, according to the release.
The company's finances suffered a steeper decline last month, with its pre-tax loss reaching TWD 1.58 billion compared to the loss of TWD 907 million in May, the release showed, attributing this mainly to the retreat in carbon steel sales and the decrease in its list prices of major steel products.
The steel firm had decided that to help its end-user customers secure overseas orders and to improve their competitiveness in global markets with the appreciation of the New Taiwan Dollar, it would cut the list prices of its major steel products including hot-rolled and cold-rolled coils by TWD 600/t for local sales in June, as Mysteel Global reported.
CSC noted that the global steel industry may stay under pressure for the foreseeable future, given the persistent uncertainties surrounding U.S. tariff policies. Steel prices in the United States have been rangebound, and the steel market in Europe has entered the seasonal summer slowdown, it added.
Although finished steel prices in Asia remain weak overall, prices in China have been generally steady due to the low inventories at traders' warehouses and hopes for a recovery in demand, supported by major infrastructure spending such as the Yarlung Zangbo hydropower project in Southwest China.
Consequently, CSC decided to roll over its list prices of major steel products for local sales in August to monitor the market changes, as reported.
Source:Mysteel Global
