- Hello Customer - Log in or Register!
Due to the downtrend in prices of steel products in the Asian steel market, China Steel Corporation (CSC), Taiwan`s largest integrated producer of steel products, posted NT$4.316 billion in pretax earnings in July, down 8.44% from the preceding month for a four-month low, with the steel maker expected to see continued revenue decline in August due to higher priced iron.
An institutional investor said CSC`s pretax earnings declined monthly after peaking at NT$5.241 billion in March, with worse earnings expected to come after July.
Using low-priced raw materials as iron enabled CSC to score between NT$1.6 and NT$2 billion in earnings from core business in July. The company is expected to post only NT$2 billion in September earnings, halve of the present level.
Institutional investors noted CSC will reduce its earnings goal to NT$40 billion from the original NT$45 billion. With CSC facing tough challenges from the weakened steel market, other smaller listed steel firms will also be unable to see better performance for the rest of this year, realizing consolidation of the domestic steel industry for some time.
| Product Model | Inside Diameter | Outside Diameter | Thickness |
| 240/710BK30MB bearing | 710 | 1030 | 315 |
| 230/710B.MB bearing | 710 | 1030 | 236 |