History of China Steel Corporation - Taiwan.

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History of the China Steel Corporation


China Steel Corporation (CSC) is located in Siaogang District, Kaohsiung, Taiwan. In 2018, CSC was the 22nd largest steelmaker in the world, producing ~16 million tonnes (mt) of steel.

The timeline below covers the history of the firm.

  • 1971: China Steel Corporation founded 1971 by Taiwan government.
  • 1972: Kaohsiung Plant Site Office established.
  • 1974: Construction of steel works begins.
  • 1975: Head office relocates from Taipei to Kaohsiung.
  • 1977: Phase I construction work ends. Plant capacity is 1.5mt/yr.
  • 1978: Invests in subsidiary named China Steel Structure Co Ltd (CSSC).
  • 1995: CSC is privatised on 12th April.
  • 1998: Establishes China Steel Management Consulting Corporation.
  • 2000: Invests in Yieh Loong Enterprise Co Ltd.
  • 2001: Creates new subsidiary - China Steel Machinery Corporation.
  • 2004: CSC invests in Kuei-Yi Industrial Co.
  • 2006: Liquid steel capacity approaches ~10 mt / year.
  • 2008: Acquires Dragon Steel Corporation.
  • 2009: Sets up China Steel Sumikin Vietnam jv.
  • 2011: Acquires Changzhou Xinzhong Precision Alloy Forging Products Co.
  • 2011: Set up China Steel Corp India Pvt Ltd in October.
  • 2012: Invests in China Steel Precision Metals Qingdao Co Ltd.
  • 2014: Invests in United Steel Engineering & Construction Co Ltd.
  • 2014: China Steel Resources Corporation is established.
  • 2015: Starts electrical steel plant in Dahej, India.
  • 2015: Raises stake in Formosa Ha Tinh Steel.
  • 2017: Signs offshore wind farm MoU with Orsted.
  • 2020: Commences modernisation program for #1 Power Plant.

Notes
  • 1971: When founded, CSC head office was in Taipei. Today, the HQ and steel plant are located in Siaogang District, Kaohsiung, Taiwan.
  • 1978: A key CSSC raw material was steel plate. This was purchased from CSC for the manufacture of steel structures for the construction purposes (typically infrastructure projects).
  • 2004 Yieh Loong Enterprise Co Ltd officially renamed as the Chung Hung Steel Corporation.
  • 2004: Th project is to improve power generating efficiency, stabilize steam and power supply, increase self-owned power generation ratio, and enhance environment protection by installing the air pollution control facilities. It will increase CSC's self-owned power generation ratio from the existing 55.6% to 69.2% with the completion of the project and reduce the emission of SOx, NOx, and CO2 of 154 MT, 56MT, and 147 thousand MT per year, respectively. This project will commence on June 1, 2020 and is scheduled for completion on March 31, 2026.e Kuei-Yi Industrial Co renamed The Dragon Steel Corporation in July 2004.
  • 2011: Changzhou Xinzhong Precision Alloy Forging Products Company - a producer of special alloys - was later renamed as Changzhou China Steel Precision Materials Co.
  • 2015: Commissioning of CSC's $237 cold rolled electrical steel mill, which os located in a Gujarat industrial development park, took place in January 2015. The facility includes an annealing line and a coating line, and produce 200,000 tonnes a year of electrical steel.
  • 2020: This was a six year programme [due for completion in March 2026] undertaken in order to improve CSC's power generating efficiency, stabilize the firm's steam and power supply and increase the company's self-owned power generation. The investment was also expected to significantly reduce CSC's emissions of SOx, NOx, and CO2.


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