China Steel : The fourth meeting of the 18th Board of Directors of China Steel Corporation (CS...
January 02, 2023
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Date：2023/01/03
The fourth meeting of the 18thBoard of Directors of China Steel Corporation (CSC) was held on December 30, 2022. In order to respond positively to drastic challenges from industrial environment, the trend regarding green energy, carbon reduction and carbon neutrality, CSC proposed its new Corporate Vision, "We aspire to be a sustainable growth enterprise that distinguishes itself through a firm commitment to smart innovation, green energy, carbon reduction, and value co-creation." to the Board vowing to fulfill ESG missions and be an distinguished sustainable enterprise. Meanwhile, for devoting itself to the operational and developmental cores of being high value-added steel mill and developing green energy business, CSC's five-year operation and development strategy has been extended to a ten-year one for the first time.
CSC will actively boost its sales of advanced premium steel (APS) products in particular, and expects to increase the sales volume ratio and gross profit ratio of APS products from 8.1% and 21% in 2023 to 21% and 40% in 2032, respectively. In terms of smart production lines, 46 and 76 projects are schemed to be fulfilled within five and ten years respectively; CSC Group's green energy generation will be increased from 110 million kWh in 2023 to 1.232 billion kWh in 2032. Based on smart innovation, CSC will enhance its corporate robustness, help improving the international competitiveness of domestic steel industry, and create the shared value with its stakeholders.
CSC - China Steel Corporation published this content on 03 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 January 2023 08:27:04 UTC.
China Steel Corp is a Taiwan-based company principally engaged in the manufacture and sale of steel products. The Company operates through two segments. The Steel segment is mainly engaged in the manufacture and sales of steel products. Its products include steel plates, steel bars, wire rods, hot rolled steel products, cold rolled steel products, galvanized steel and electromagnetic steel sheets, among others. Others segment is engaged in the production and sale of coal chemistry and special-purpose chemicals, environmental protection, electromechanical engineering and agency operation business, production and sale of blast furnace powder and blast furnace cement, manufacture and sale of nickel products and other non-ferrous metals, design and sale of information hardware and software, as well as development, leasing and sale of real estate. The Company operates businesses in Taiwan, Malaysia, China, Vietnam and India.
CHINA STEEL CORPORATION 
