Taiwanese China Steel Corp. (CSC) said the current global steel market is still in the situation of supply exceeds demand; therefore, cost down has already become one of the strategies for the company to hold leading position in the market. In the first ten months of 2013, CSC has cost down by NT$4.87 billion, its reaching rate of achievement is 122%. In 2014, CSC will try to save its cost by using low price raw materials, improving its manufacturing process, new technology development, localized its equipment and machine parts purchasing in Taiwan, quality progressing and management improvement. Meanwhile, CSC targets to cost down by NT$3.7 billion in 2014 by using those tactics.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=67703&division=A6
