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China Steel revenue falls 24% in Feb.

Keywords: Tags  China Steel, Taiwan steelmaker, monthly revenue, operating income, Weilyn Loo

SINGAPORE — Preliminary consolidated operating revenue at China Steel Corp., Taiwan’s only integrated steelmaker, fell to NT$24.7 million ($830,500) in February, down 24 percent from the previous month.

The drop was due to the shorter working month as well as the extended Chinese New Year holiday, a company spokesman said March 15.

Consolidated income before tax was NT$1.48 million ($49,800) last month, up 3 percent from January, while consolidated operating income rose 12 percent to NT$1.65 million ($55,500).

A version of this article was first published by AMM sister publication Steel First.

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