China Steel posts NT$2.57bn in first-quarter lossesBy Natasha Li / Staff reporterChina Steel Corp (CSC, 中鋼), the nation’s largest steelmaker, yesterday posted pretax losses of NT$509.43 million (US$16.94 million) for last month, leading to first-quarter losses of NT$2.57 billion, due to dwindling shipments and lower prices amid the COVID-19 pandemic. CSC made a pretax profit of NT$5.13 billion in March last year. Last month’s pretax losses were an improvement from February’s losses of NT$794.43 million. China Steel Corp’s headquarters in Kaohsiung is pictured yesterday. It shipped 2.73 million tonnes of carbon steel in the first three months of the year.

Source: Taipei Times April 24, 2020 15:56 UTC