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CSC Returns to Profitability in Q3 with NT$1.12 Billion Net Income
Non-Energy Minerals · Steel · economic_daily · 2026-11-06
2002
China Steel Corporation reported a Q3 net profit of NT$1.12 billion, marking two consecutive quarters of profitability as the company turns around its annual performance.
What Happened
Financial Results: China Steel Corporation (CSC) reported a third-quarter net profit of NT$1.12 billion, resulting in earnings per share of NT$0.07. This marks the company's second consecutive quarter of profitability, bringing the year-to-date net profit to NT$7.44 billion and successfully reversing last year's losses.
Operational Analysis: Although seasonal factors led to a decrease in shipment volume from 3.19 million metric tons in Q2 to 3.00 million in Q3, the company benefited from declining costs of raw materials like iron ore and coking coal. This reduction in input costs helped improve unit profit margins significantly during the quarter.
Future Outlook: Looking ahead to the fourth quarter, CSC expects continued profit growth driven by three consecutive months of price hikes in its monthly product pricing. The company remains optimistic that its full-year performance will show a significant improvement compared to the previous year.
Industry Context: The steel sector is currently navigating raw material price fluctuations through strategic pricing adjustments. By optimizing its cost structure and responding to market demand, CSC continues to demonstrate operational resilience in a challenging global environment.