China Steel Corporation (CSC), Taiwan’s leading carbon steel producer, announced its consolidated revenue reached NT$25.37 billion in November, a month-on-month increase of 3.7%, hitting a five-month high. However, this figure still represented a year-on-year 12.6% decline.

The rise was due to better-than-expected shipments, totaling 836,000 tons in November, increasing by 2,000 tons from the previous month. CSC said that stable weather and a surge in urgent orders from downstream clients contributed to smooth domestic and export shipments.

Although CSC expects a high probability of an annual loss this year, the company suggests the magnitude of losses is shrinking. Looking ahead to 2026, CSC projects a gradual recovery in the global steel market, in line with the World Steel Association’s (worldsteel) forecast of a 1.3% growth in global steel demand next year.