CSC’s profit falls in July on weaker Asian steel demand

Taiwan’s China Steel Corp (CSC) reported a 55pct decline in pretax profit to TWD 655 mln (USD 20.6 mln) in July from the previous month, as weaker Asian steel demand weighed on gross profit. In January-July, however, CSC’s pretax profit reached TWD 2.99 bln (USD 93.8 mln), reversing a pretax loss of TWD 2.41 bln [...]