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CSC and Evergreen Steel Report Revenue Growth Amid Market Recovery
Non-Energy Minerals · Steel · economic_daily · 2026-09-10
2002
China Steel Corporation and Evergreen Steel posted year-over-year revenue growth in August, supported by recovering demand and strong construction activity.
What Happened
Steel Market Recovery: China Steel Corporation (CSC) reported a 12.9% year-over-year revenue increase in August, marking two consecutive months of double-digit growth. With the traditional peak season approaching, CSC has raised its October prices, signaling a positive outlook for the fourth quarter.
CSC's Operational Strategy: Analysts note that CSC's fourth-quarter profitability will depend on its ability to pass on raw material costs through price adjustments. By balancing price hikes with increased order volumes, the company aims to maintain stable profit margins as market demand strengthens.
Evergreen Steel's Strong Backlog: Evergreen Steel's August revenue grew by 11.8%, driven by robust demand for tech facilities, logistics warehouses, and urban renewal projects. With an order backlog exceeding 250,000 tons, the company has clear visibility into the first half of next year.
Diversified Revenue Streams: Beyond its core steel structure business, Evergreen Steel benefits from its investments in environmental and green energy projects, which account for approximately one-quarter of its total revenue. This diversification provides a stable foundation for the company's long-term growth.