China Steel Corp. (CSC), the largest carbon steelmaker in Taiwan launched its financial result for 2012.
The company realized sales revenues of NT$207.193 billion and net profits before taxes of NT$6.131 billion in 2012, hitting the lowest level over the past 27 years.
In the fourth quarter of last year, CSC’s sales volumes totaled 2.1698 million tons, rising by 1.58% from a quarter ago. Its sales incomes decreased by 7.57% from a quarter ago to NT$46.376 billion while its profits before tax increased by 3.98% quarter on quarter to NT$2.142 billion.
For the prospect, CSC expected that its sales revenues would rise in the first quarter of this year, boosted by low raw material prices and increased steel prices.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=62724&division=A6
