22 March 2019

China Steel focusing on higher-margin products, WSJ says

China Steel Corp., Taiwan’s largest steelmaker, is ramping up output of high-performance steel and turning to real estate amid weak demand for its traditional core products, the Wall Street Journal reported Wednesday. The company is producing more higher-margin products, such as non-oriented silicon steel sheets, which are used to make generators and transformers, while also diversifying into property development and hotel management near its home base and in Taipei, the report said, citing the firm’s chairman Tsou Jo-chi.

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