CHINA STEEL CHEMICAL Business Summary

China Steel Chemical Corp (CSCC) operates a vertically integrated business model centered on the distillation and processing of coal tar and light oil by-products, primarily sourced from its parent, China Steel Corporation. Revenue is generated through the high-volume sale of industrial and specialty chemicals across four primary segments: Coal Tar Distillation (producing soft pitch, creosote oil, and naphthalene), Light Oil Refining (benzene and toluene), Coke processing, and high-margin Carbon Materials, specifically mesophase graphite anode materials for lithium-ion batteries. As the exclusive coal chemical producer in Taiwan, CSCC leverages a captive feedstock advantage to maintain a dominant domestic position while expanding into the global green energy supply chain. Its primary competitors include Koppers Holdings, Mitsubishi Chemical Group, and Himadri Speciality Chemical; CSCC distinguishes itself through its specialized focus on high-purity needle coke and synthetic graphite, positioning it as a critical niche supplier in the global electric vehicle and energy storage markets. Founded in 1989 as a strategic subsidiary of the state-affiliated China Steel Group, CSCC is currently led by Chairman Chien-Chih Hwang, who also serves as the Chairman of China Steel Corporation and brings over 40 years of commercial and metallurgical expertise to the role. The executive leadership is further anchored by President Ming Dar Fang, a specialist with a Doctorate in Chemical and Materials Engineering who previously directed the company’s technology division and oversaw the development of its advanced battery material portfolio. The management team is characterized by a deep technical pedigree and long-term tenure within the broader China Steel ecosystem. The company’s board is heavily influenced by its largest shareholder, China Steel Corporation (holding approximately 29%), and includes representation from institutional investors, ensuring a stable governance structure aligned with Taiwan’s national strategic goals in industrial self-sufficiency and carbon neutrality.