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Dragon Steel defends air quality at Taichung plant

Taichung-based Dragon Steel Co on Wednesday defended the environmental record of its local foundry after New Power Party (NPP) Chairwoman Chen Jiau-hua (陳椒華) called the plant a leading polluter.
The steelmaker, and not the coal-fired Taichung Power Plant, should be the main focus of the city’s clean air efforts, Chen told a news conference that she cohosted at the Taichung City Hall with the party’s city council candidates.
Taichung Mayor Lu Shiow-yen (盧秀燕) has repeatedly called for the power plant’s closure, citing public health concerns, but the Dragon Steel foundry in 2020 surpassed the power plant as the city’s largest polluter, she ....

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China Steel net profit up 69-fold - Taipei Times

China Steel Corp’s (CSC, 中鋼) net profit last year surged about 69-fold from 2020 on the back of rising steel prices and higher sales, enabling it to propose its highest dividend payout in 14 years.
The nation’s only integrated steelmaker said in a regulatory filing on Friday that its board of directors had approved a plan to distribute a cash dividend of NT$3.1 per common share based on last year’s earnings per share of NT$4.02.
Last year, China Steel paid a cash dividend of NT$0.03 per share based on earnings per share of NT$0.05 in 2020.
The last time the company offered a ....

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Yuanta sees bullish year for steel - Taipei Times

Yuanta sees bullish year for steel
By Chen Cheng-hui / Staff reporter
China’s move to tighten control of crude steel production, coupled with continued strong demand from downstream industries, is expected to have a positive effect on major players in the local steel industry this year, Yuanta Securities Investment Consulting Co (元大投顧) said.
Steel prices are also expected to remain robust on tight supply, despite a likely decline in iron ore prices in the second half of this year after the easing of a shortage in key raw materials for making steel, Yuanta analysts led by Leo Lee (李侃奇) said in a report on Wednesday last week. ....

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