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Taiwanese CSC posts loss for 2012

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Publish time: 24th January, 2013      Source: ChinaCCM
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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