The 7th meeting of the 15th Board of Directors of China Steel Corporation was held on May 9th 2014 and establishment of a company with OEM finishing process for producing hot rolled steel plates, bars and wire rods was approved.

CSC will invest TWD 872.5 million in establishment of a wholly owned company with OEM process for finishing CSC’s semi finished products of titanium and nickel alloys to produce hot-rolled steel plates, bars and wire rods that will make CSC Group’s finishing process of Ti-Ni-alloy materials more complete for the industrial uses, so as to increase the Group’s product competitiveness.

The project is scheduled for completion in June 30th 2015.