China Steel traded at 19.50 this Tuesday May 26th, decreasing 0.45 or 2.26 percent since the previous trading session. Looking back, over the last four weeks, China Steel lost 4.00 percent. Over the last 12 months, its price fell by 3.47 percent. Looking ahead, we forecast China Steel to be priced at 17.51 by the end of this quarter and at 15.71 in one year, according to Trading Economics global macro models projections and analysts expectations.
China Steel Corp is a Taiwan-based company principally engaged in the manufacture and sale of steel products. The Company operates through two segments. The Steel segment is mainly engaged in the manufacture and sales of steel products. Its products include steel plates, steel bars, wire rods, hot rolled steel products, cold rolled steel products, galvanized steel and electromagnetic steel sheets, among others. Others segment is engaged in the production and sale of coal chemistry and special-purpose chemicals, environmental protection, electromechanical engineering and agency operation business, production and sale of blast furnace powder and blast furnace cement, manufacture and sale of nickel products and other non-ferrous metals, design and sale of information hardware and software, as well as development, leasing and sale of real estate. The Company operates businesses in Taiwan, Malaysia, China, Vietnam and India.