China Steel Corporation (CSC), located in Kaohsiung, Taiwan, was established in December 1971. Its annual output of crude steel is about 10 million metric tons. The main products are steel plates, bars, wire rods, hot-rolled and cold-rolled coils, electrogalvanized coils, electrical steel coils, and hot-dip galvanized steel coils. It is currently the largest domestic steel manufacturer with a domestic market share of more than 50%. About 52.4% of its products are domestically consumed and 47.6% exported mostly to Southeast Asia, Europe and Japan.
CSC is very active in innovation and has strong capability to put the innovations into practice. The company’s vision is “We aspire to be a sustainable growth enterprise that distinguishes itself through a firm commitment to smart innovation, green energy, carbon reduction, and value co-creation.” CSC actively puts in practice its corporate values of “teamwork, entrepreneurial approach, down-to-earthness and pursuit of innovation”, as well as its operational concepts of “promotion of social well-being, result orientation, implementation of teamwork, and emphasis on employees’ self-realization.” Apart from continuing to cultivate in the steel industry, CSC is also committed to assisting the related downstream industries to upgrade and enhance the overall international competitiveness of the steel industry.
CSC had been granted numerous awards over the years, including the 1991 National Quality Award by the Executive Yuan, the 2009 National Industrial Innovation Award by MOEA, the Leading Company Award by worldsteel due to its excellent performance in production maintenance and sustainable operations in 2013, an industrial leader in the Dow Jones Sustainability Index (DJSI) in 2013, a constituent of the FTSE4Good Index in 2017, the Gold Class of the Sustainability Award by RobecoSAM in 2014 and 2018, the Sustainability Leaders Award by BSI in 2018 and 2019, the 2020 Sustainable Resilience Award by BSI, the Gold Class of Sustainable Cities and Communities and the Bronze Class of Decent Work and Economic Growth in the 1st Taiwan Sustainable Action Award by Taiwan Institute for Sustainable Energy (TAISE) in 2021, and totally ten awards including “The Most Prestigious Sustainability Awards- Top Ten Domestic Corporates” by Taiwan Institute for Sustainable Energy (TAISE) in 2022. All of the aforementioned awards showed that CSC was well recognized domestically and internationally in terms of its R&D innovations, production maintenance, and sustainable development.
To bring out the overall operational synergy, CSC has diversified and reinvested in a total of 23 subsidiaries. The scope of its business covers five major business domains, including steel, engineering, industrial materials, logistics & investment, and green energy, all of which form the CSC Group. Additionally, on January 16, 2020, CSC has declared its dual development cores for the next 50 years: to become a high-value premium steel plant and to develop in the green energy industry. It has been vigorously promoting various strategies and action plans since 2021 and actively responded to the issue of the reduction of carbon emissions and digital transformation. In February, 2021, the “Task Force on Energy Saving & Carbon Reduction and Carbon Neutrality” was established. It will strive to introduce and develop all kinds of techniques that will save energy and reduce carbon emissions with the goal of achieving carbon neutrality by 2050. Moreover, CSC will implement environmental, social, and corporate governance (ESG) tasks and contribute to the sustainable development of Taiwan’s industries, economy, and society. In February 2023, CSC also set up the “Task Force on Digital Transformation” aiming to use smart innovation as the foundation to reinforce its business structure and resilience, lead the domestic steel industry to enhance international competitiveness, and co-create value and share achievements with all stakeholders.