Taiwan’s carbon steel leader China Steel Corporation (CSC) held its shareholder meeting, addressing concerns about the sluggish Chinese property market and impending EU carbon tariffs. Chairman Chien-Chih Hwang pointed out the impact of China's real estate problems on steel demand but noted strong growth in China's new energy vehicle market and ongoing stimulus policies.

CSC estimates an annual carbon fee of NT$200-400 million, proactively seeking the most favorable solutions. To counter global low-price dumping by China, CSC focuses on increasing production and sales of high-end and refined steel products.

The company is developing green steel materials for applications such as advanced servers and computer casings, aiming to create shared value with clients rather than merely passing on carbon costs. Despite anticipated challenges in the steel market, CSC is committed to low-carbon and digital transformation to boost profitability.