Tritonix.ai

News / Taiwan / economic_daily

CSC July Pre-tax Profit Drops 55% MoM, Yet Remains Profitable Year-on-Year

Non-Energy Minerals · Steel · economic_daily · 2026-08-20

China Steel Corporation reported a July pre-tax profit of NT$655 million, marking a monthly decline but a turnaround from last year's losses.

What Happened

July Performance: China Steel Corporation (CSC) reported a consolidated pre-tax profit of NT$655 million for July, representing a 55% decline from June. Despite the monthly drop caused by lower unit margins in steel sales, the company successfully turned a profit compared to the NT$840 million loss recorded in the same period last year.

Profitability Breakdown: Consolidated revenue for July reached NT$29.72 billion, a 6% increase from the previous month. However, operating profit fell 84% to NT$241 million, though increased dividend income helped bolster the overall pre-tax bottom line.

Year-to-Date Results: For the first seven months of the year, CSC accumulated a pre-tax profit of NT$2.994 billion, a significant recovery from the NT$2.407 billion loss during the same period in 2023. Higher sales volumes drove operating profit growth, although lower interest and dividend income impacted non-operating results.

Market Outlook: Internationally, steel prices in the US and Europe remain high due to trade barriers, while Asian markets show signs of bottoming out as Chinese producers cut output. Domestically, the gradual depletion of downstream inventory is expected to provide positive momentum for the steel market moving forward.

Read original

More in Non-Energy Minerals

Analysts Maintain 2026 EPS Forecast for China Steel at NT$0.15

Non-Energy Minerals · cnyes · 2026-08-21

A recent FactSet survey shows analysts maintaining a median 2026 EPS forecast of NT$0.15 for China Steel, with a target price set at NT$22.

2002

Galway Metals CEO Robert Hinchcliffe Increases Stake Amid Summer Market Volatility

Non-Energy Minerals · globe_inside_market · 2026-08-20

Galway Metals CEO Robert Hinchcliffe invested over $200,000 in company shares throughout the summer, signaling confidence during a period of price fluctuation.

GWM

China Steel's Seven-Month Pre-Tax Profit Surges Over 200% Amid Signs of Market Bottoming

Non-Energy Minerals · economic_daily · 2026-08-20

Despite a monthly dip in July, China Steel reported a strong 224% year-on-year increase in seven-month pre-tax profit, citing supply-side discipline in China.

2002

Latest in Taiwan

Taiwan to Boost 2027 Defense Budget to Over $1 Trillion NTD, Plans Cash Payouts for Citizens

cnyes · 2026-08-21

President Lai Ching-te announced a record-breaking defense budget for 2027 and pledged to distribute NT$10,000 to every citizen, citing strong economic growth.

Giant Manufacturing to Acquire 36% Stake in Dingmei for Nearly NT$3 Billion

Consumer Durables · cnyes · 2026-08-21

Bicycle giant Giant Manufacturing announced a strategic move to buy back a 36% stake in its subsidiary Dingmei, raising its total ownership to 96.63%.

1256, 9921

SEMICON Taiwan: Industry Pushes for Localized Material Supply Chains and Global Standard Setting

Electronic Technology · cnyes · 2026-08-21

The newly formed SEMI Semiconductor Materials Alliance aims to elevate Taiwan's role from a supplier to a global standard-setter for semiconductor materials.

1711, 3131, 3711, 4772, 6488

TWSE Launches New Centralized Portal for Stock Alert and Disposition Data

Finance · economic_daily · 2026-08-21

The Taiwan Stock Exchange has launched a new dedicated portal to consolidate stock alert and disposition information, aiming to improve transparency and accessibility for investors.