- CEO
- Shou-Tao Chen
- Full Time Employees
- 23,313
- Sector
- Non-energy minerals
- Industry
- Steel
- Address
- 1 Chung-Kang Road Kaohsiung City KHH Taiwan 81233
- IPO Date
- Dec 26, 1974
- Business
- China Steel Corporation China Steel Corporation (2002.TW), headquartered in Kaohsiung, Taiwan, and founded in December 1971, operates as Taiwan's largest steel manufacturer with an annual crude steel production capacity of approximately 10 million metric tons and a domestic market share exceeding 50 percent. The company produces and sells a comprehensive range of steel products including steel plates for construction structures, shipbuilding, bridges, pressure vessels, oil country tubular goods, and corrosion-resistant applications; steel bars and wire rods for machine structures, cold/hot forging, welding electrodes, tire cords, and hand tools; hot-rolled coils and sheets for automobile chassis, bridge beams, steel pipes, and landscaping; cold-rolled coils for automotive stamping parts, home electronics, and structural reinforcements; electrogalvanized coils; electrical steel coils for motors, transformers, and electric vehicle applications; hot-dip galvanized coils; and color coils for roofing, appliances, furniture, and transportation. Operations span Taiwan, Vietnam, Malaysia, China, India, Southeast Asia, Europe, and Japan, with about 55-57 percent of output consumed domestically and the remainder exported; the company also engages in engineering services, non-ferrous metals including titanium-nickel and aluminum, industrial materials such as chemicals and electronic ceramics, real estate development, logistics, green energy generation including solar power, and steel trading.
China Steel Corporation maintains 22 subsidiaries across steel, engineering, industrial materials, logistics, investment, and green energy domains, supporting diversified operations and synergies. Recent strategic developments include extending its five-year operation plan to a 10-year strategy through 2034 focused on dual cores of high-value premium steel production and green energy expansion alongside digital, low-carbon, and supply chain transformations; targeting advanced premium steel (APS) sales volume and gross profit ratios to rise from 8.1 percent and 21 percent in 2023 to 21 percent and 40 percent by 2032; planning 46 smart production projects in five years and 76 in ten years; and increasing group green energy generation from 110 million kWh in 2023 to 1.232 billion kWh by 2032. In 2023, the company signed a contract with Primetals Technologies to upgrade its pickling line and tandem cold mill in Kaohsiung to Hyper Universal Crown-control technology with startup scheduled for September 2025, enhancing capacity for high-strength thin high-grade electrical steel to support electric vehicle markets; issued its first domestic unsecured green bond of NT$1.57 billion in May 2024 maturing in 2029 to fund subsidiary green investments; achieved a 15.2 percent carbon emissions reduction since 2018 with 868 projects completed and green revenue share at 32.6 percent in 2024 driven by high-strength automotive steel and recycled products; and earned recognitions including Dow Jones Sustainability Indices components, World Steel Association Sustainability Champion, and Taiwan's National Sustainable Development Award.