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    2002   TW0002002003

CHINA STEEL CORPORATION

(2002)
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China Steel : The 9th meeting of the 17th Board of Directors of CSC was held on August 3, 2020...

08/05/2020 | 04:22am EDT

The 9thmeeting of the 17thBoard of Directors of CSC was held on August 3, 2020. The board of directors approved a resolution of investing NT$1,984 million to construct a Coke Transportation and Handling System.

The purpose of this project is to remap facilities, enhance environment protection, and stabilize the production of Blast Furnace and Sinter Plant. The benefit of key equipment localization is of NT$255 million, including the saving of NT$229 million of mechanical equipment and NT$26 million of electrical control equipment. This project will commence on January 1, 2021 and is scheduled for completion on December 31, 2023.

After the completion of stages of engineering in the future, it will generate 273 million kWh per year by recycling the production process' waste heat. On top of that, it will reduce VOCs emission (percentage) of 73 metric tons (63%), PMs of 41 metric tons (56%) as well as energy consumption of 214 million cal/metric ton coke (10%) per year, further reducing CO2 emission of 146 metric tons per year, which is equivalent to carbon uptake of 375 Daan Forest Parks.

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CSC - China Steel Corporation published this content on 03 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 August 2020 08:21:09 UTC


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Sales 2021 468 B 16 731 M 16 731 M
Net income 2021 58 401 M 2 087 M 2 087 M
Net Debt 2021 155 B 5 541 M 5 541 M
P/E ratio 2021 9,79x
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Capitalization 546 B 19 491 M 19 502 M
EV / Sales 2021 1,50x
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Technical analysis trends CHINA STEEL CORPORATION
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Mean consensus OUTPERFORM
Number of Analysts 8
Last Close Price 35,40 TWD
Average target price 39,09 TWD
Spread / Average Target 10,4%
EPS Revisions
Managers and Directors
NameTitle
Hsi Chin Wang General Manager & Director
Shih Hsin Chen Head-Finance & General Manager-Finance
Chao Tung Weng Chairman
Yi Xing Huang Vice President-Technology
Chiu Po Chang Vice President-Administration
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