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China Steel Returns to Profitability: Q3 EPS Positive, Aiming for Full-Year Turnaround
Non-Energy Minerals · Steel · economic_daily · 2026-11-06
2002
China Steel Corporation reports two consecutive quarters of profit, with Q3 earnings reaching 1.12 billion TWD, signaling a potential full-year recovery.
What Happened
Profit Recovery: China Steel Corporation (CSC) reported a net profit of 1.12 billion TWD for Q3, marking two consecutive quarters of profitability. With a cumulative EPS of 0.05 TWD for the first nine months, the company has successfully reversed its earlier losses, driven by lower raw material costs.
Operational Outlook: Looking ahead to Q4, CSC has implemented three consecutive monthly price hikes, which are expected to bolster profitability. Analysts remain optimistic that the company will achieve a full-year turnaround as market conditions continue to stabilize.
Market Dynamics: The global steel market is showing signs of improvement, with supply constraints in the U.S. and carbon-related regulations in Europe supporting higher hot-rolled coil prices. Asian steelmakers are also seeing a rebound in pricing, providing a favorable backdrop for CSC's operations.
Financial Health: CSC's performance has steadily improved throughout the year, reflecting effective cost management and a recovery in end-market demand. The company's ability to navigate volatile raw material prices has been key to its return to profitability.