Integrity Management

As the crude steel production in Taiwan is lower than demand, a considerable amount of semi-finished and finished steel products is imported every year. Since 2004 the import tariff has been generally reduced to zero, market competition became fierce, and monopolization no longer exists. In compliance with Taiwan Fair Trade Act, CSC and affiliates that produce the same category of steel products do not engage in price fixing and other anti-competitive activities. In addition, CSC offers consistent pricing to affiliates as to other customers in accordance with accounting regulations. Overseas subsidiaries and trading partners are treated fairly and equally in terms of commission and service charges, and all transactions with related parties are subject to accounting audits.