CHINA STEEL Business Summary

China Steel Corp (CSC) operates as Taiwan’s dominant integrated steel manufacturer, commanding over 50% of the domestic market share. The company generates the vast majority of its revenue through its Steel department, which produces and sells a comprehensive portfolio of plates, bars, wire rods, and hot/cold rolled coils for the automotive, construction, and appliance industries. Beyond its core metallurgy operations, CSC maintains a diversified "Non-Steel" segment encompassing coal chemistry, industrial engineering, real estate development, and renewable energy, notably through its investment in the Zhongneng offshore wind farm. In the global landscape, CSC competes directly with Asian giants such as Nippon Steel Corporation, POSCO Holdings, and China Baowu Group, positioning itself as a high-value-added specialist with a strategic focus on decarbonization and smart manufacturing to maintain regional resilience. Founded in 1971 as a state-led industrial initiative, CSC is currently led by Chairman Chien-Chih Hwang and President Shou-Tao Chen, both of whom were appointed in September 2024 and are career veterans of the corporation with decades of experience in commercial and production divisions. The leadership team also includes Executive Vice President Jih-Jau Jeng, a metallurgy expert who previously headed the company's technology division. As a publicly traded entity on the Taiwan Stock Exchange (2002.TW), the company remains under significant state influence, with the Government of the Republic of China (Taiwan) serving as the largest shareholder with an approximate 20% stake. Other major institutional backers include the Employee Stock Ownership Trust (ESOT) and global asset managers such as BlackRock and The Vanguard Group, ensuring a stable governance structure focused on long-term industrial sustainability.