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CSC Investor Presentation 2026
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Investor Presentation
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CSC
CSC
March 31, 2026
Agenda
01 Steel and Raw Material Dynamics
02 Operating Performance
03 Key Strategies
04 Appendixes
1
CSC
Safe Harbor Statement
This presentation may contain forward-looking statements. All statements other than historical and current fact, without limitation, including business outlook, predictions, estimates, are forward-looking statements.
Such statements are based upon management's current beliefs and expectations and are subject to various risks, uncertainties and other factors that could cause actual outcomes and results to differ materially.
We caution readers not to place undue reliance on forward-looking statements as these statements speak only as of the date they are made, and we disclaim any obligation to, update or alter any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law or regulation.
This cautionary statement is applicable to all forward-looking statements contained in this presentation.
2
CSC
01
Steel and Raw Material Dynamics
3
CSC
Impact Assessment of U.S. Reciprocal Tariffs and Expanded Steel Tariffs
Impact on
Taiwan's Manufacturing Industry
-
Steel and Aluminum Tariffs
☑ Steel from Taiwan and other countries exported to the U.S. are all subject to a 50% tariff under Section 232, except for the U.K. being imposed a 25% negotiated tariff. -
Section 122
☑ The U.S. Supreme Court ruled that the reciprocal tariffs lacked legal basis and invalidated them. Trump then invoked Section 122 of the Trade Act of 1974 to impose a 10% +MFN rate import tariff on all countries, effective February 24 for 150 days.
Impact on Steel Prices
-
U.S.
☑ The tariff policy has boosted U.S. domestic steel prices; however, capacity utilization remains at 70-something percent, and imported product types are not easily substitutable with domestically produced products. -
Other countries
☑ As U.S. steel prices rise, CSC's downstream customers' export orders to the U.S. are gradually recovering. In addition, the tariff burden on products originally subject to reciprocal tariffs has declined, market sentiment has improved, thereby driving a recovery in prices.
Response Strategies of
Taiwanese Manufacturers
-
Short term
☑ Diversification of export markets
☑ Seize the business opportunities presented by rising steel prices and reduced impact of tariff. -
Medium term
☑ Strive for negotiation buffer and policy support
☑ Flexible supply chain deployment -
Long term
☑ Strengthen promotion of green steel
☑ Accelerate investment in the U.S. and enhance local production
CSC
As of 2026.3.24
Major Steel Market Dynamics
US
- Stable demand and insufficient supply in the U.S. are supporting prices trends, with the uptrend expected to continue into the second quarter. Rising geopolitical risks in the Middle East may see the prices of hot-rolled coil to rise further, if the conflict continues.
EU
- Driven by import uncertainties, high energy costs, and administrative costs of CBAM, EU domestic HRC prices have risen by €60 (USD 70) since the beginning of the year. While favorable supply-side factors continue to support stronger steel prices, the high transportation and energy costs may be difficult to fully pass on if end-user demand remains weak, limiting the room for further price increases.
ASEAN
- Although competing Southeast Asian mills raised prices slightly at the beginning of the year, market acceptance to the rise has been uneven. Recently, rising oil prices have pushed up shipping costs, prompting Asian mills to raise their export quotations, which is expected to support local market prices.
5
CSC
Major Steel Market Dynamics
China
- In February 2026, China’s steel industry PMI was 46.7, down 3.2 percentage points month-on-month, continuing to fluctuate below the boom-bust line. Affected by the Lunar New Year holiday and seasonal factors, downstream construction and manufacturing activities experienced reduced working hours, leading to a decline in end-user demand. As the impact of the Lunar New Year fades in March, coupled with the ramp-up of infrastructure investment and the full resumption of operations, the steel industry is expected to recover steadily, driving increases in production, raw material procurement, and prices.
- Tier-1 Chinese mills, such as China Baowu Steel Group, have announced April list prices, with an overall increase of RMB 200/MT, driving the domestic spot market in China, while other mills have followed with similar price increases. China’s Two Sessions have reaffirmed the continuation of proactive fiscal policies and moderately accommodative monetary policies, along with a commitment to expanding domestic demand and boosting consumption. These supportive policies have sent positive signals to the market, driving steel demand.
Taiwan
- The steel structure industry is mainly driven by domestic demand. While the residential housing remains suppressed by the central bank's credit controls, demand is supported by commercial office buildings, semiconductor plant construction, and public infrastructure projects, maintaining stable development for three consecutive quarters. Looking ahead, the action of the U.S. Federal Reserve and Taiwan’s Central Bank will be closely watched to see if the rising energy and crude oil prices resulting from the international conflicts will affect the interest rate reduction paths and timing.
- For export-oriented industries, with most customers’ inventories at low levels and emerging signs of a bottoming out in international steel prices, restocking willingness among bars and wires customers has improved.
- Although the reciprocal tariffs were ruled unlawful, the Trump administration responded by invoking Section 122 tariffs. Steel and aluminum products are subject to an unchanged 50% tariff under Section 232, while other products now face lower applicable rates under Section 122 than before. With downstream confidence recovering, domestic demand for flat-rolled products has picked up.
csc
Global Steel Market Outlook
Fundamentals improving, while geopolitical risks still warrant attention
Disciplined steel supply and solid cost support offer greater upside potential and opportunity for further price increases
Positive Signals
Monetary policies in Europe and the U.S. are relatively accommodative
China's Steel Export Licensing System suppresses low-priced tax-evading export
China's crude steel production decreased by 4.3% YoY in 2025, with production cut policies expected to continue into 2026
Rising infrastructure and defense spending worldwide is expected to support a gradual recovery in demand
Key Focus
Global geopolitical situation, such as the Middle East and the Russia-Ukraine conflict
War-driven energy risks, particularly in oil and natural gas
Inflationary effects caused by tariffs and war
Global exchange rate trends and fiscal policies
7
CSC
Raw Material Trend - Iron Ore & Coking Coal
- Coking coal: In the second half of 2025, due to the continuous rise in Chinese coking coal prices and tightening supply resulting from safety inspections in Shanxi and political instability in Mongolia, Chinese buyers became more active in procuring seaborne coking coal, driving up the FOB Australia prices of coking coal. In early 2026, cyclone and heavy rainfall in Queensland, eastern Australia, disrupted coking coal supply and further boost the price of seaborne coking coal.
- Iron ore: In the second half of 2025, iron ore prices roughly remained in the range of USD 100~110/ton. Since the beginning of the year, with China’s Steel Export Licensing System, along with improved steel market and higher utilization rates at steel mills, iron ore prices have risen modestly.
8
CSC
02
Operating Performance
9
CSC
Consolidated Financial Performance
Latest operating results
Amount: NT$ million
| Item | *2026.2 | *2026.1 | MoM | *2026.1~2 | 2025.1~2 | YoY |
|---|---|---|---|---|---|---|
| Operating Revenue | 24,521 | 26,019 | -6% | 50,540 | 53,874 | -6% |
| Operating Income(Loss) | (250) | (73) | -242% | (323) | 995 | -132% |
| Operating Income Margin | -1.02% | -0.28% | -0.64% | 1.85% | ||
| Income(Loss) Before Income Tax | (487) | (86) | -466% | (573) | 712 | -180% |
*preliminary results
Quarterly profits trend
- Entering the traditional low season, coupled with the U.S. reciprocal tariffs and higher steel tariffs of 50%, the export orders for downstream customers was impacted in Q3 2025. The steel market faced intensified pressure on sales and prices as end-users primarily focused on destocking, resulting in a suppressed profit.
- In Q4 2025, the restocking demand emerged in the U.S. and the steel market sentiment improved. The increased sales volume and higher power generation by the subsidiary CSPC contributed to the profit rebound.
C
Standalone Production / Sales Performance
Sales analysis
- In April and May 2025, the grace period of U.S. reciprocal tariffs triggered a wave of procurement that drove up the sales volume. Subsequently, amid ongoing uncertainty surrounding tariff negotiations and the increase in Section 232 steel and aluminum tariffs, steel downstream supply chains focused on destocking. As CSC’s customers faced stagnant export orders, the sales volumes then declined significantly.
- In Q4 2025, downstream restocking demand gradually emerged, and market sentiment showed slight improvement. However, amid uncertainty over the Taiwan–U.S. tariff agreement, domestic customers remained cautious on procurement. Supported by momentum from export shipments, sales volumes rebounded.
2025 Sales value breakdown
Production analysis
Sales Analysis – CSC Standalone
2025 sales volume totaled 7.38 million tons - Sales Breakdown
12
Sales Analysis - CSC & BF Products of DSC
2025 sales volume totaled 9.88 million tons - Sales Breakdown
13
Consolidated Income Statement
Units: NT$ millions
| 2025 | 2024 | YoY | |
|---|---|---|---|
| Revenues | 317,155 | 360,536 | -12% |
| Gross profit | 9,025 | 15,061 | -40% |
| Gross margin | 2.85% | 4.18% | |
| Operating Income | (3,904) | 1,792 | -318% |
| Operating Margin | -1.23% | 0.50% | |
| Profit (loss) before tax | (4,685) | 4,578 | -202% |
| Net profit (loss) | (3,507) | 3,876 | -190% |
| Attributable to | |||
| Owners of the corporation | (4,349) | 1,978 | -320% |
| Non-controlling interests | 842 | 1,898 | -56% |
| Earnings (Loss) Per Share (NTD) | ($0.29) | $0.13 | -323% |
LUCSC
Consolidated Financial Position
Units: NT$ millions
- In response to the environment of rising interest rates, multiple domestic financing channels, such as issuing corporate bonds, are used to reduce the impact of rising financial costs.
-
Credit rating: Taiwan Ratings twAA-; Outlook Negative (2025.04.24)
Fitch Ratings AA (twn); Outlook Negative (2026.03.17) -
Net debt = Interest Bearing Debt – cash & cash equivalents – (financial assets at fair value through profit or loss-current + financial assets at fair value through other comprehensive income-current)
Historical EPS and Dividends Paid
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Dividend payout(%) | 82 | 81 | 63 | 88 | 600 | 77 | 87 | 318 | 254 | NA |
03
Key Strategies
CSC
17
2 Core Strategies, 10 Operating Strategies
Optimizing Capacity
Innovating Advanced Premium Steel
Enhancing Manufacturing Capabilities
Strengthening Marketing and Driving the Upgrading of Steel- using Industries
Deploying Green Energy and Resources
Deepening Engagement in Green Businesses
Developing/ Implementing Carbon Reduction Technologies
Enhancing Green Process Technologies
Implementing AI
Building up Highly Efficient Business Systems and Processes
18
Optimal Capacity & Lines Consolidation
Optimal Capacity Planning
- In response to industry trends, CSC has shifted its focus from production-oriented to quality-oriented. By shutting down or consolidating weaker production lines, we can improve resource utilization and lower production costs, creating new opportunities for business transformation. Less is more.
- After careful evaluation of global steelmaking capacity, future market demand, and operational efficiency, the Company has formulated a capacity optimization plan. No. 1 blast furnace is scheduled to be decommissioned no later than the first quarter of 2029. This initiative aims to concentrate operational resources, maximize profitability and corporate value, minimize costs, and enhance competitiveness in sustainable operations. CSC’s hot metal production capacity will be adjusted to 8.15 million tons (equivalent to approximately 8.8 million tons of crude steel). Through production line integration and process centralization, the Company expects to generate long-term annual benefits of approximately NT$1 billion.
High-Value Product Developments
- Develop Advanced Premium Steel and direct resources to high value products.
- Guide downstream industries to produce high value-added products, lead the upgrade of Taiwan's steel industry, and enhance overall competitiveness.
Effective resource utilization
- Optimize production efficiency and enhance the use of water, electricity, and other resources.
- Fulfill corporate social responsibility and achieve carbon reduction goals.
Reduce production costs
- Improve the efficiency of production lines and reduce process costs.
- Modify organizational structure and reduce labor costs.
CSC
19
Optimal Capacity & Lines Consolidation
Implementation Status
6 production lines (equipments) have been shut down.
- Vacuum Oxygen Decarburization (since 1994)
- Batch Annealing Line (since 1982)
-
1 ROD Mill (since 1977)
- Electrical Steel Coating Line (since 1997)
-
1 Hot Rolled Temper Mill & Recoil Lines (since 1982)
-
1 Continuous Annealing Lines (since 1988)
Lone-term planning and benefit evaluation
Capacity consolidation
Review and consolidate a total of 26 production lines across ironmaking, steelmaking, and rolling.
Organization re-arrangement
Streamline the organization structure by 4.07%, reducing labor costs by about NT$ 600 million per year.
Cost reduction
Improve efficiency and reduce process costs by about NT$ 543 million per year.
Carbon emissions reduction
Reduce process carbon emissions by 2.915 million tons of CO₂e per year.
20
Innovating Advanced Premium Steel
Definition of Advanced Premium Steel (APS)
Products with "High Profitability, High Technical Content, High Industrial Benefit."
Focus on 8 items (Meet customers' needs & Industry trend)
| High-Quality Forming Steels | Superior Hand Tool Steels | High Performance Structural Steels | Ultra-High Strength and Toughness Steels | Steel for Green Energy & Home Appliance | Advanced Alloy Steels | Cross-Generational Automotive Steels | Ultra-High Efficiency Electrical Steels |
|---|---|---|---|---|---|---|---|
 |
 |
 |
 |
 |
 |
 |
 |
Advanced Premium Steel proportion target (%)
(APS sales volume target divided by total sales volume target, which does not include slab, and bloom, and billet.)
| Year | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 |
|---|---|---|---|---|---|---|
| Advanced Premium Steel proportion | ||||||
| (APS sales volume target divided by total sales volume target, which does not include slab, bloom, and billet.) | 12.8% | 14.6% | 16.4% | 18.2% | 20.0% | 20.5% |
| Advanced Premium Steel volume | ||||||
| (ten thousand tons) | 94.4 | 115.6 | 133.8 | 141.9 | 156.5 | 160.4 |
In 2025, the sales volume of APS reached 787 thousand tons, the sales volume of APS reached 11.5%, sales revenues of APS reached 17.6%, and gross profits of APS exceed 90%. The high technical content and application value of APS can enhance profitability and customer loyalty of the company, as well as better withstand economic fluctuations.
CSC
Sales Performance of Advanced Premium Steel
High Performance Structural Steels
Driven by current construction and urban renewal projects, sales volume in 2025 grew by 11% compared to that in 2024.
The outlook for the domestic real estate, factory construction, and infrastructure sectors in 2026 presents a mix of opportunities and challenges, with the sales target projected to be comparable to the 2025 performance.
Ultra-High Efficiency Electrical Steels
Sales of major automakers weakened, and verification by new customers took long time, resulting in lower orders for the full year of 2025 compared with that of 2024.
With the termination of EV subsidies in the U.S. and affordable EVs from China putting pressure on sales for European and U.S. automakers, orders in 2026 are expected to be comparable to those in 2025.
Cross-Generational Automotive Steels
Taiwan commodity tax reduction continues to drive up demand for domestic vehicles, with total sales volume in 2025 remaining on par with that in 2024.
Amid slowing domestic demand and ongoing non-tariff barriers in Europe and the U.S., the outlook for 2026 remains cautiously neutral.
Key product information
High Performance Structural Steels_SM570
- Sales volume in 2025 reached 233 thousand tons, continuing the outstanding performance achieved in 2024.
- Benefiting from the growing trend of high-rise and super high-rise building construction in Taiwan in recent years, along with the increase in safety awareness of earthquake resistance in infrastructure and factory projects, orders for CSC's SM570 series steel remain strong.
- Major steel structure manufacturers have order visibility extending through the end of 2026. The full-year order outlook remains cautiously optimistic.
22
CSC
Supply Chain Transformation – Driving the Upgrading of Steel-using Industry
Fastener Industry
Bolts and Nuts
Green steel + smart manufacturing:
Implement energy-saving technologies in the process chain, with quality verification and traceability at each station.
Provide material property information
Green steel
High Recycled Content
Proportion
Spheroidization reduction
Digital design
Parametric mold design
Heat treatment
Smart analysis
Quality prediction
Production scheduling
Smart optimization
| Materials | Manufacturing | Supply |
|---|---|---|
| • Green Steel. | ||
| • Material properties linked to process parameters. | • Machine learning. | |
| • Data-driven design. | ||
| • AI-based parameter optimization. | • AI-assisted deployment. | |
| • Planned production. |
Develop a low-carbon fastener smart supply chain to seize new market opportunities
Automotive Steel
Body in White
Chassis
Technology Project A+ Program
- Development of 1.5GPa Ultra-High Strength Cold Stamped Steel
- Development of Key Process Technologies for 1.5GPa Ultra-High-Strength Steel
Expected benefits
| Low-carbon transformation | Supply chain transformation |
|---|---|
| • Energy-saving short process, low-carbon automotive components | |
| • 1.5 GPa ultra-high strength cold stamped parts, 100,000 units/year | • Ultra-high strength cold stamped parts for AM market, revenue of NTS 1.5 billion |
| • Rolling process upgrade | |
| • Expand into the bumper and slide rail markets |
Application for Technology Project Program: Development of Green Ultra-High-Strength Automotive Steel and Intelligent Forming Technologies
BCR Steel Structure
Prefabricated Steel Structures
BCR Specimen Seismic Testing
BCR Implementation Subject
Yanchao Residential Housing Project
Promote domestic supply chain development: Hot-rolled coils ▶ Carbon steel square pipes ▶ Box column roll (BCR) steel structures
Establish key application technologies and promote the inclusion of BCR specifications in the CNS
23
Supply Chain Transformation – Expanding from EV into Drone and Robot Industry
Working with NCKU Electric Motor Technology Research Center, CSC has been deeply involved in the EV industry for many years, and even expanding into drone and robot industries in recent years.
- Develop five key ultra-thin-gauge series electrical steel products, aiming for an industry-leading thickness of 0.1mm, which can meet the motor needs of EVs, drones, and robots.
- Cooperate with MIRDC on industrial research to promote the formation of Taiwan’s drone and robot supply chain.
- Fully committing to the drone and robot industry this year, CSC is expected to gradually increase the supply of electrical steel starting from 2027.
Drone Industry
Tactical Drone
VTOL drone
Mini Drone
Develop 8 items of drone motors featuring one specification for multiuse, support domestic manufacturers in developing various types of drones, actively promote supply chain transformation, and form a domestic, mass-producible, and reliable one-stop integration of national defense industrial chain.
Robot Industry
Collaborative Robot
Four-Legged Bionic Robot
Humanoid Robot
In recent years, AI has experienced strong growth, and traditional industries are accelerating upgrades. Robots serve as a key vehicle and platform connecting the two. CSC is focusing on the demand for smart manufacturing, leveraging the expertise in metal and electromagnetic materials to promote supply chain integration and localized supply capabilities, and expanding the application market for high-end materials in the robotics sector.
CSC
25
Deepening Engagement in Green Businesses – Enhancement of Wind Farm O&M Capacity in 2026
CSC shareholding
51%
(CIP 49%)
Total investment
around NTD 55 billion
Power generation(e)
1.1 billion kWh/yr
Operating performance
- Due to lower-than-average wind conditions in summer 2025 and turbine availability falling short of expectations after grid connection, the power generation of CSPC did not reach its original target. The CSPC team is actively strengthening its offshore wind operations and maintenance capabilities. This year, the Joint Service Operation Vessel Fleet will be expanded to two Service Operation Vessels (SOVs) and four Crew Transfer Vessels (CTVs). In addition, maintenance manpower will be significantly increased, with the aim of shortening fault repair time and improving turbine availability and overall power generation.
- With wind conditions returning to average level and ongoing improvements in wind turbine availability, the profitability of CSPC in 2026 is expected to improve compared to the previous year.
Note: The joint service operation vessel fleet is shared between Zhong Neng Offshore Wind Farm and Changfang & Xidao Offshore Wind Farm.
CSC
Deepening Engagement in Green Businesses– Solar Power
CSC group shareholding
100%
- CSC 55%
- CSC 20%
- CSC 55%
- CSC 15%
- CSC 20%
Capital
NTD 1.744 billion
Capacity Installed
101.8MW
(until the end of February 2026)
CSC SOLAR
中露光能
Operating performance
(until the end of February 2026)
Electricity output
780 million kWh
Revenues from electricity sales
3.69 billion
Carbon reduction
around 370k tons
Equivalent to the CO₂ absorption of
2,857 Kaohsiung Central Park
Source: https://www.industrydocuments.ucsd.edu/docs/1000000
| Year | 2017~2023 | 2024 | 2025 | 2026 | Total |
|---|---|---|---|---|---|
| Actual Capacity Installed (MW) | 97.9 | 2.7 | 0.4 | 0.8 (as of February) | 101.8 |
| Electricity Output (100m kWh) | 5.40 | 1.11 | 1.13 | 0.16 (as of February) | 7.80 |
Future installation
2~3MW/yr; The target of 2026 is 5.6MW.
The total installed capacity is expected to reach 120MW by 2033.
- Keep developing rooftop PV Systems in CSC group industry chain based on the regulation on users with high power consumption in Renewable Energy Development Act and Local Self-governing Green Building Regulations.
- Electrical business license (accumulated 74MW) has been obtained to gradually increase the proportion of renewable energy used by the group companies. In 2025, the green energy supplied to the group reached 54.36 million kWh, and the cumulative consumption of green energy has exceeded 168 million kWh since 2023.
CSC
Decarbonization Pathway
- The medium- to long-term strategies will face the challenges of technology, resources, and capital, resulting from the lack of mature technology and green hydrogen resources, as well as the required equipment modification.
- Currently developing hydrogen steelmaking process. In the early stages, natural gas is used as a hydrogen source and injected into the blast furnaces to replace part of carbon, thereby reducing CO₂ emissions from the BF steelmaking process.
- The Company has submitted the self-determined reduction plan and the application for recognition as an entity in industries at high risk of carbon leakage to be eligible for the preferential carbon fee rate and emission adjustment coefficient. The carbon neutrality pathway will be adjusted accordingly based on the newly approved self-determined reduction plan.
27
Steel Products with High Recycled Content Keep Growing
The sales volume of steel products with a scrap ratio of 12% and 20% increased significantly.
- Actively develops steel products with high recycled content. CSC obtained UL2809 RC12 (scrap ratio of more than 12%) certification in 2021, and then obtained UL2809 RC20 certification. These products have been introduced and used by many leading technology manufacturers for applications in computers, servers, display backplanes, etc. In 2024, we cooperated with subsidiary DSC to produce products with scrap ratio of more than 60% by adding hot metal in the EAF, and obtained UL2809 RC60 certification. The steel products with high recycled content will be developed continuously.
- Development of steel products with high recycled content (RC30) towards Extra Deep Stamping Grade IF steel. IF steel with RC30 has obtained UL2809 certifications in 2025.
- In 2025, in cooperation with subsidiary DSC, we obtained UL2809 RC90 certification for cold-rolled and galvanized products through EAF full scrap smelting short-steelmaking-process.
28
CSC
ESG Performance
★2026.02 Ranked Top 5% in S&P Global 2026 Sustainability Yearbook and awarded a commemorative badge for “15 Years Participation in the Corporate Sustainability Assessment”
★2026.01 Received score of (A-) Leadership level on “Climate Change” for 3 consecutive years, and score of (A-) Leadership level on “Water Security” for 2 consecutive years
★2025.12 Won the 2025 “Family-Friendly Workplace Award” by CommonWealth Parenting Magazine
★2025.11 Won the 2025 “Top 10 Most Prestigious Sustainability Awards-Domestic Corporates” by Taiwan Institute for Sustainable Energy (TAISE)
★2025.11 Won the 2025 Taiwan Corporate Sustainability Awards (TCSA), including Climate Leadership, Aging-Friendly Leadership, Growth Through Innovation Leadership, Circular Economy Leadership and the Sustainability Reporting “Platinum Award” by Taiwan Institute for Sustainable Energy (TAISE)
★2025.11 Won the 2025 Sustainability Reporting “Silver Award” at the Global Corporate Sustainability Awards (GCSA) by Taiwan Institute for Sustainable Energy (TAISE)
★2025.11 Won “Sustainable Development Award” by BSI
★2025.11 Selected as one of the Excellent Manufacturers for Voluntary Reduction of Industrial Greenhouse Gas by the Industrial Development Administration, MOEA for 15 consecutive years
★2025.10 Won 2025 “Net Zero Industry Competitiveness Award” special award by 21st Century Foundation
★2025.10 The “Intelligent Transformation of Ironmaking Sintering” project was honored at the 5th Harvard Business Review Digital Transformation Awards, winning both the “Top Prize for Intelligent Manufacturing Transformation” and the “Special ESG Award”
CSC
Thank you
30
CSC
04
Appendices
CSC
31
Company Overview – Business Snapshot
CSC is the leading Taiwanese steel manufacturer with integrated production capabilities. Crude steel capacity of CSC Group reached about 16 mmt.
- CSC: 9.9 mmt
- DSC: EAF & No.1&2 BF around 6 mmt
Dominant position in the domestic market
Focus on Leading-edge Steel Mill & green energy business.
Improve the percentage of high-end and high-margin products.
CSC Group domestic market share (2025)
| Steel | Engineering | Industrial Materials | Logistics & Investment | Green Energy |
|---|---|---|---|---|
| • CSC | ||||
| • CHS | ||||
| • DSC | ||||
| • CSC Steel Sdn. Bhd. | ||||
| • CSVC | ||||
| • CSCI | • CSSC | |||
| • China Ecotek | ||||
| • CSMC | ||||
| • Info-Champ Systems | • CSCC | |||
| • CHC Resources | ||||
| • CSAC | ||||
| • Himag Magnetic | • CSE | |||
| • CSGT | ||||
| • Gains Investment | ||||
| • China Steel Security | ||||
| • CPDC | • CSC Solar | |||
| • China Steel Power | ||||
| • KRTC |
32
Company Overview – Overseas Production Sites and Sales Channels
Established southbound overseas production sites and sales channels to breakthrough tariff barriers.
China
Changshin Metal Product (Foshan) Co., Ltd
China
China Steel Precision Metals Qingdao Co., Ltd.
China
China Steel Precision Metals Kunshan Co., Ltd.
Italy
Ardemagni SpA
Thailand
Nippon Steel Thai
Sumilox Co., Ltd.
Thailand
TSK Steel Co., Ltd.
Thailand
NST Coil Center
(Thailand) Ltd.
Vietnam
Hanoi Steel Center Co., Ltd.
Vietnam
CSGT Metals Vietnam Joint Stock Company
Vietnam
China Steel and Nippon Steel Vietnam
Joint Stock Company(CSVC)
CSC holds 56% of CSVC
Capacity: 1.2 mmt (CR 0.5 mmt, GA/GI
0.3 mmt, ES 0.2 mmt, PO 0.2 mmt)
India
CSCI Steel Corporation India Pvt. Ltd. (CSCI)
CSC holds 100% of CSCI
Capacity: ES 0.2 mmt
Malaysia
CSC Steel Sdn. Bhd.
CSC holds 46% of its parent company CSHB
Capacity: CR 0.48 mmt (CRC 0.24 mmt
including PO, GI 0.17 mmt, PPGI 0.07 mmt)
CSC
Co-invest in coil centers with peers and customers through China Steel Global Trading Co.
Overseas Investments of CSC group
33
Segment Revenues and Operating Results
Unit: NTD Thousands
| 2025 | Steel Department | Non-steel Department | Adjustment and Elimination | Total |
|---|---|---|---|---|
| Revenue from external customers | $ 236,293,066 | $ 80,862,198 | $ - | $ 317,155,264 |
| Inter-segment revenue | 42,044,141 | 51,052,951 | ( 93,097,092) | - |
| Segment revenue | $ 278,337,207 | $ 131,915,149 | ($ 93,097,092) | $ 317,155,264 |
| Segment profit (loss) | ($ 11,758,068) | $ 9,299,084 | ($ 1,445,094) | ($ 3,904,078) |
| Interest income | 348,847 | 876,964 | ( 93,993) | 1,131,818 |
| Financial costs | ( 2,878,795) | ( 2,374,536) | 199,260 | ( 5,054,071) |
| Share of the profit (loss) of associates | ( 4,641,098) | 3,198,794 | 1,645,305 | 203,001 |
| Other non-operating income and expenses | 1,912,326 | 1,633,950 | ( 607,642) | 2,938,634 |
| Profit (loss) before income tax | ( 17,016,788) | 12,634,256 | ( 302,164) | ( 4,684,696) |
| Income tax (benefit) | ( 2,288,887) | 1,371,651 | ( 260,759) | ( 1,177,995) |
| Net profit (loss) for the period | ($ 14,727,901) | $ 11,262,605 | ($ 41,405) | ($ 3,506,701) |
Breakdown of production and sales volume and value of steel products in 2025
Standalone - Breakdown of production volume and value
Unit: Production capacity/volume - metric ton; Production value - NTS thousands
| Production Volume and Value Product | Production Capacity | Production Volume | Production Value |
|---|---|---|---|
| Plates | 1,000,000 | 838,795 | 17,638,910 |
| Bars and wire rods | 1,613,000 | 1,241,259 | 27,096,093 |
| Hot-rolled products | 2,360,000 | 2,242,211 | 40,142,864 |
| Cold-rolled products | 3,425,000 | 2,340,886 | 56,507,082 |
| Other steel products | 14,400 | 478,243 | 7,127,664 |
| Total (Steel products) | 8,412,400 | 7,141,394 | 148,512,613 |
| Others (Non-steel products and by-products) | NA | NA | 3,374,154 |
| Total | NA | NA | 151,886,767 |
Consolidated – Breakdown of production volume and value
| Production Volume and Value Product | Production Capacity | Production Volume | Production Value |
|---|---|---|---|
| Plates | 1,000,000 | 838,795 | 17,638,910 |
| Bars and wire rods | 1,613,000 | 1,241,259 | 27,096,093 |
| Hot-rolled products | 8,320,000 | 5,580,751 | 102,398,670 |
| Cold-rolled products | 5,345,000 | 3,638,494 | 84,800,795 |
| Steel pipes | 72,000 | 57,081 | 1,366,348 |
| H-beams | 600,000 | 449,869 | 9,891,114 |
| Narrow plates | 46,929 | 1,142,945 | |
| Other steel products | 164,400 | 1,335,693 | 21,254,133 |
| Total (Steel products) | 17,114,400 | 13,188,871 | 265,589,008 |
| Others (Non-steel products and by-products) | NA | NA | 16,708,191 |
| Total | NA | NA | 282,297,199 |
Standalone - Breakdown of sales volume and value
Unit: Sales volume - metric ton; Sales value - NTS thousands
| Sales Volume and Value Product | Domestic Sales | Export Sales | ||
|---|---|---|---|---|
| Volume | Value | Volume | Value | |
| Plates | 811,455 | 23,880,464 | 32,539 | 708,352 |
| Bars and wire rods | 1,162,151 | 28,282,775 | 134,414 | 2,987,913 |
| Hot-rolled products | 1,159,471 | 20,537,678 | 1,255,291 | 21,122,095 |
| Cold-rolled products | 855,080 | 21,052,148 | 1,501,276 | 33,737,787 |
| Other steel products | 280,726 | 3,871,824 | 183,757 | 2,486,413 |
| Others (Non-steel products and by-products) | NA | 3,642,976 | NA | - |
| Total | 4,268,883 | 101,267,865 | 3,107,277 | 61,042,560 |
Consolidated – Breakdown of sales volume and value
| Sales Volume and Value Product | Domestic Sales | Export Sales | ||
|---|---|---|---|---|
| Volume | Value | Volume | Value | |
| Plates | 718,745 | 20,723,510 | 32,281 | 701,415 |
| Bars and wire rods | 1,162,515 | 28,283,650 | 134,414 | 2,987,913 |
| Hot-rolled products | 2,861,070 | 49,207,291 | 1,884,652 | 30,976,228 |
| Cold-rolled products | 912,653 | 22,241,033 | 2,614,236 | 58,237,978 |
| Steel pipes | 5,416 | 151,249 | 51,350 | 1,236,710 |
| H-beams | 409,502 | 10,086,532 | 607 | 13,204 |
| Narrow plates | 33,080 | 1,023,960 | - | - |
| Other steel products | 58,257 | 947,460 | 366,613 | 5,064,927 |
| Others (Non-steel products and by-products) | NA | 1,624,667 | NA | 275,552 |
| Total | 6,161,238 | 134,289,352 | 5,084,153 | 99,493,927 |
Note: Other steel products refer to pig iron, commercial slabs, commercial billets, etc.