TAIWAN STEEL FIRM SEES LOWER EXPORTS, MORE OUTPUT

  State-owned &lt;China Steel Corp> said its
  steel exports will drop to some 600,000 tonnes in the year
  ending June 30, 1987 from more than 810,000 in 1985/86.
      Production by the company, Taiwan's largest steel maker, is
  expected to rise to 3.33 mln tonnes from 3.27 mln, a spokesman
  told Reuters.
      He attributed the export decline to the rise in the Taiwan
  dollar, which has eroded the competitiveness of the company's
  products against those from South Korea.
      The spokesman said the company is undergoing an expansion
  project which calls for a boost in production to 5.65 mln
  tonnes a year from the current level. The project, costing 52.3
  billion Taiwan dlrs, will be completed by April 1988, two
  months ahead of the targetted date, he said.
      The spokesman said the company exports its products to
  Japan, Southeast Asia, Hong Kong, the U.S., The Middle East and
  Africa.
  

