Taiwan's China Steel is back in the black after a rough year, with July sales volume the highest of 2026 so far — good news for shareholders, though profits still lag the sales rebound.

• China Steel made money for the fourth month in a row, and shipments topped 700,000 tonnes for the company alone and a million tonnes group-wide.
• Profit still fell sharply from June because it is earning less on each tonne it sells.
• The volume jump came from ships delayed by bad weather the month before, plus new demand from tech factory construction and public works at home.
• After seven months the company has swung from a big loss last year to a solid profit.
• Steel prices in the US and Europe are staying high behind trade barriers, and Chinese mills cutting output means less cheap steel flooding Asia.

Outlook: The third quarter looks steady rather than strong, with the year-end peak season expected to lift results well above last year.