Chung Hung Steel Corporation (CHSC), a Taiwan-based carbon steel producer under China Steel Corporation (CSC), reported a net loss of NT$147 million for the first quarter, resulting in an EPS of -NT$0.1. These figures represented a significant improvement over the previous quarter. This recovery was due to five consecutive months of domestic price increases and strengthening order volumes as the global steel market stabilizes.

The company maintains a steady financial position with total assets of NT$25.95 billion and equity of NT$11.97 billion. With prices continuing to rise through May and potentially June, the company aims for a return to profitability in the second quarter.

Growing demand from the automotive, appliance, and infrastructure sectors during the peak season supports this outlook. However, the future performance is still tied to raw material costs and the strength of terminal demand recovery.